Life Insurance Applications microcredential
Get a deep understanding of the legal, regulatory, and professional frameworks that govern life insurance with our online, certification-style course.
Benefits of the Life Insurance Applications microcredential
The Australian life insurance industry is constantly evolving, shaped by changes in legislation, regulation, financial reporting and mergers and acquisitions. activity. Despite these shifts, one thing remains clear: the demand for life insurance products endures.
The Life Insurance Applications microcredential provides you with the most up-to-date understanding of life insurance operations in Australia. Enhance your expertise and career prospects in this evolving field.
Future-proof your career
Why the Life Insurance Applications microcredential?
Stay ahead with industry standards
Gain expertise in AASB-17 and the newest prudential standards, essential for compliance and professional growth in the evolving life insurance landscape.
Broaden your perspective
Connect the dots across product management, valuations, risk, and business planning. Helps you move from specialised roles to more strategic positions.
Grow career in Australia
Ideal for actuaries returning from a break, industry switch, or international role, this course immerses you in the specifics of the Australian market.
Outcomes
With this life insurance microcredential, you’ll be able to:
- Describe the commercial, legislative, regulatory, and professional environments that apply to Australian life insurers.
- Describe and apply the actuarial control cycle to product management, valuations, risk management and business planning.
- Prepare components of key inputs used in (or outputs produced) as part of product management, valuations, risk management or business planning for life insurers working in Australia.
- Evaluate components of key outcomes from product management, valuations, risk management or business planning processes for life insurers operating in Australia.
- Understand how product management, valuations, risk management and business planning processes interact.
- Describe and apply the prudential requirements of actuarial advice within a life insurer operating in Australia.
Choose your study level
Certification options
Professional Certificate
For those who want to complete the full credential. Includes tutorials, subject materials, an assignment, and an exam. Takes 12 hours a week for 13 weeks. You’ll receive a Life Insurance Applications 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 Life 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 the Applications subject. | Life 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 Life Insurance and Retirement Valuation subject and the Life Insurance and Retirement Product Development subject, both part of the Fellowship Program. Prior work experience in the life insurance industry is not required.
The Life Insurance and Retirement Valuation subject is taught as part of the Fellowship Program.
In this subject, you’ll learn to:
- Analyse and value uncertain cash flows for life insurance and retirement products from the provider’s viewpoint.
- Evaluate policy liabilities, emerging profit, capital adequacy, economic value and net solvency position.
- Set out a process to analyse changes in profit, surplus or embedded value.
- Evaluate the business planning process.
Find out more about the Fellowship Program.
The Life Insurance and Retirement Valuation subject is taught as part of the Fellowship Program.
In this subject, you’ll learn to:
- Consider customer expectations and operating environment for life and retirement products.
- Conduct experience reviews.
- Produce product pricing and profit tests.
- Design and implement risk management frameworks and processes.
Find out more about the Fellowship Program.
Enrol for the next teaching period
The Life 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.
