General Insurance Applications microcredential
Stay up-to-date with legal, regulatory and professional insights in insurance and develop technical skills with our online, certification-style course for actuaries interested in general insurance.
Benefits of the General Insurance Applications microcredential
The Australian general insurance market is sophisticated and dynamic. Prudential and accounting standards change regularly in response to industry growth and the assimilation of technology. Actuaries must stay current and flexible to respond to emerging situations and challenges.
The general insurance actuarial microcredential positions you at the leading edge of the sector, and allows you to practice your new skills in a supportive environment. Use this microcredential to add value to your current employment and your career potential.
Future-proof your career
Why the General Insurance Applications microcredential?
Latest market knowledge
Dive into the accounting standard AASB 17 plus up-to-date prudential, legal and professional requirements and emerging changes to industry practice.
Designed by actuaries
Learn comprehensive legal, regulatory and professional knowledge with specialised technical aspects by leading actuaries in the field.
Applied learning
Learn how to manage the wide variety of challenges practitioners might encounter in insurance, deepening expertise and future-proofing your career.
Outcomes
With this General Insurance Applications microcredential, you’ll be able to understand and apply:
- The actuarial control cycle and its interactions with general insurance valuations, reinsurance, capital and risk management.
- Actuarial involvement in the prudential requirements of an Australian general insurer, in the Australian commercial, legislative, regulatory and professional environments.
- The ways in which a general insurance company operates, and how it balances the needs of its stakeholders, with a focus on the beneficial impact of the Appointed Actuary.
Choose your study level
Certification options
Professional Certificate
For those who want to complete the full credential. This tier is equivalent to the General Insurance Applications Fellowship subject. Includes tutorials, subject materials, assignment and an exam. We recommend you invest 12 hours a week for 13 weeks. You’ll receive a General Insurance Applications Professional Certificate digital badge and earn 312 CPD points.
Certificate
For those who want knowledge and a shareable credential. Includes tutorials, subject materials and receive a pass result for an assignment. Recommend you invest 7 hours a week for 13 weeks. You’ll receive a General Insurance Applications Certificate digital badge and earn 182 CPD points.
Course Participation
For those with limited time who want to keep their knowledge and skills sharp. Includes tutorials, learning modules and subject materials. Recommend you invest 2 hours a week for 9 weeks. You’ll earn 36 CPD points.
Enrolment details and course prices
Key detailsIf you're currently completing your Fellowship Program with the Actuaries Institute or intend to, you should progress through the Fellowship Program principles subjects first, and then enrol in this microcredential, which is an Applications subject. | General Insurance Applications$3,700 AUD GST exempt |
|---|---|
| Entry requirements | You must be a qualified actuary to study. See below for recommended background knowledge. |
| Semester 1 enrolment dates | 16 December 2024 - 20 January 2025 |
| Semester 1 study dates | 20 January - 2 May 2025 |
| Semester 2 enrolment dates | 10 June - 7 July 2025 |
| Semester 2 study dates | 7 July - 17 October 2025 |
| Learning platform | Canvas LMS |
| Learning materials | A combination of online written materials and videos (including links to YouTube). |
Recommended background knowledge
We recommend background knowledge of the General Insurance and Health Valuation subject and General Insurance and Health Pricing and Portfolio Analytics subject, both part of the Fellowship Program. Prior work experience in the general insurance industry is not required.
The General Insurance and Health Valuation subject is taught as part of the Fellowship Program.
In this subject, you’ll have learned to:
- Describe general insurance, health insurance, and injury compensation cover products, operations and claims.
- Understand why we value insurance liabilities, relevance to profit, performance, and capital adequacy.
- Plan and produce appropriate methods, models, and parameters to value uncertain future cashflows.
- Identify key considerations when selecting a valuation procedure.
Find out more about the Fellowship Program .
The General Insurance and Health Pricing and Portfolio Analytics subject is taught as part of the Fellowship Program.
In this subject, you’ll have learned to:
- Apply a range of actuarial pricing approaches to a range of general and health insurance risks.
- Explain the portfolio management process, including the key stakeholders and their considerations.
- Construct profitability reviews and experience reviews, and explain the results.
- Explain reinsurance arrangements.
Find out more about the Fellowship Program .
Enrol for the next teaching period
The General Insurance Applications microcredential keeps you current and positions you ahead of the crowd with specialist skills. All that’s left is for you to choose the time and effort you want to invest in studying.
