About the course
Private health insurance is a dynamic, growing industry shaped by various reforms. With the requirement for all insurers to have an Appointed Actuary, and the introduction of the Actuarial Advice Framework, actuaries play key roles in the analysis, financial condition and risk management of private health insurers.
This course equips actuaries, technical staff and leaders with essential knowledge of Australia’s private health insurance operations. It includes changes to legislation, professional standards, industry activity and health reform. It is also valuable for other health insurance practitioners, including financial staff, general management and board members.
Understand the ins and outs of private health insurance
Why the Private Health Insurance eLearning course?
Build in-depth industry expertise
Gain essential knowledge of private health insurance operations in Australia, including the latest reforms, regulatory frameworks and actuarial practices.
Enhance your professional skillset
Equip yourself with specialised skills in capital management, product pricing and risk assessment, supporting your role in financial and risk management.
Flexible learning and recognised certification
Study at your own pace with comprehensive assessments and earn a certificate, demonstrating your expertise in a rapidly evolving sector.
Enrolment details and course prices
Key detailsYou can enrol in this course at any time. | Members$810 AUD (GST exempt) Enrol | Non-Members$972 AUD (GST exempt) Enrol |
|---|---|---|
| Prerequisites | No prerequisites apply. | No prerequisites apply. |
| Enrolment dates | You can enrol for this course at any time. | You can enrol for this course at any time. |
| Learning platform | Canvas LMS | Canvas LMS |
| Learning materials | A combination of online written materials and videos (including links to YouTube). | A combination of online written materials and videos (including links to YouTube). |
| CPD | You can claim 2 points per hour invested in this course. | Not applicable. |
Course outline
The course is a self-paced study program comprised of six topics:
- The Environment and Regulation
- Operations and Data
- The Role of the Actuary
- Product Design and Pricing
- Capital Management
- Major Transactions for Private Health Insurers
Course timings and assessment
- You can enrol in the course at any time.
- You’ll have nine months to complete the course. This includes a course assessment, which has two levels: Topic by topic assessment and final assessment.
Topic by topic assessment
Participants can track their progress by completing five to eight critical thinking questions at the end of each topic. Answers are submitted as short written responses, after which model solutions are provided for self-assessment. These assessments carry no formal weight but may be reviewed if the final assessment result is borderline. Participants passing on their first attempt won’t receive personalised feedback on these assessments.
Final assessment
The final assessment includes seven short-answer critical thinking questions chosen randomly from a set of three per topic. There is no time limit, and participants may use reference materials; however, only two attempts are allowed to pass.
Results
Final assessment responses are reviewed within four weeks. If satisfactory, a ‘Pass’ grade is awarded. If not, participants receive personalised feedback, guidance on review areas, and an additional four weeks to reattempt the assessment with new questions. The second attempt is final.
Certificate
A certificate will be awarded upon successful completion of the final assessment.
Start your lifelong learning journey today.
Access accessible, high-quality education that aligns with the rigorous standards of the Australian actuarial profession. Not yet a member? Join us for more exclusive online content and learning resources.
