These are aimed at encouraging students to keep up with the course materials.

This course includes weekly formative activities, such as online discussion questions and class discussions, designed to reinforce the concepts learned each week. These activities encourage students to stay engaged with the course materials, helping them identify areas for improvement and enhancing their overall learning experience. 

A task due every week may sound like a lot, but each task will be reasonable in terms of the effort and time needed to complete. The purpose of those tasks is to motivate students to keep up with the content, to allow them to test their learning along the way, and to receive feedback. They are intended as an opportunity to learn, not as a burden.

Warning: while students are encouraged to help each other, those weekly questions are individual assignments and therefore academic misconduct will be treated very seriously. Any academic misconduct (such as plagiarism) will be reported to the School Student Integrity Adviser. It is far better not to submit, rather than doing the wrong thing (which of course you should never do!). Furthermore, the plagiarism software is very good, hence you have very high chances of being caught, if you do something you should not do.

These are to assess the learning outcomes.

There will be a in-person quiz held in Week 5, worth 10% of the total mark for the course. The online quiz will focus exclusively on topics related to the Theory of weeks 1-2-3, and associated tutorials. The quiz will be formative: a good attempt (even with minor mistakes) will grant students full marks. The purpose of the quiz is to test knowledge acquired thus far in the term, provide feedback to students in preparation for the final exam, and allow them to adjust their studying strategy if improvements are needed.

An individual assignment task involving application of course concepts.

The main assignment (attracts 20% of the total mark) will have a focus on R programming (but some "Theory" knowledge will be needed as well). It is meant for students to demonstrate a more extensive knowledge their R programming abilities, with a particular emphasis on the content not assessed through previous weekly online questions.

Assessment Overview

Course Learning Outcomes

• CLO2 : Evaluate the fundamental principles underlying risk management and insurance
• CLO3 : Evaluate and apply fundamental actuarial mathematics techniques
• CLO4 : Describe how the actuarial profession is organised, its code of conduct, its main practice areas, as well as its current challenges and opportunities
• CLO5 : Interpret and create basic algorithms and control loops (in R and in pseudocode)
• CLO6 : Communicate data insights effectively
• CLO7 : Perform efficient computation, as well as manipulate data, in R

Detailed Assessment Description

Assessment Length

2 hours

Assignment submission Turnitin type

Not Applicable