ETM2110 Risk and survival modelling
Faculty of Business and Economics
ETM2110 Risk and survival modelling is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2025. It needs ETM1030.
- Credit points
- 6
- Offered in 2025
- Not offered
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2025 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ETM2110
Prerequisites
Pass these before you enrol.
After ETM2110
No unit lists ETM2110 as a prerequisite in the 2025 handbook.
Overview
In this unit, you will be introduced to a comprehensive exploration of the mathematics and statistics underpinning both short-term and long-term insurance risk. Building upon the foundational knowledge acquired in the Calculus I, Probability and statistics I and Probability and statistics II units, you will be exposed to the intricacies of risk and survival modelling, and a solid grounding in the mathematical and statistical principles essential for understanding the complexities of insurance risk, both in the short term and over extended periods. This unit acts as a bridge between foundational statistical methodologies and their practical application in the dynamic landscape of insurance.
Upon unit completion, you will have acquired the skills necessary to assess, analyse, and manage various forms of risk within the context of actuarial analytics which will prepare you for the challenges of actuarial analytics and provide sufficient expertise for use in various later units and the actuarial professional examinations.
Offerings in 2025
The 2025 handbook lists no offerings for ETM2110.
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
apply fundamental principles and concepts of statistical distributions for risk modelling
- 2
apply fundamental principles and concepts of statistical distributions for survival analysis
- 3
integrate software tools and technology for risk modeling and survival analysis.
Workload and teaching
- Tutorials24 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Common questions
What are the prerequisites for ETM2110?
You need ETM1030 before you enrol.
When is ETM2110 offered?
ETM2110 has no offerings listed in the 2025 handbook.
How much work is ETM2110?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETM2110 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.