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STAT3954 Current topics in actuarial science (6 credits) Academic Year 2025
Offering Department SCDS (Department of Statistics and Actuarial Science) Quota ---
Course Co-ordinator TBC, SCDS (Department of Statistics and Actuarial Science) < ugenq@hku.hk >
Teachers Involved
Course Objectives This course aims at providing practical elements for actuarial students including daily life actuarial practice and the basic capability to understand, research in and handle the laws as and when situations would arise, which will benefit students in their coming future career.
Course Contents & Topics This course covers a full range of topics related to both areas including 1) Practical Actuarial Practice and 2) Actuaries' Legal Thinking.

For Practical Actuarial Practice: It covers the major practical topics in both Life and Casualty areas. For Life Insurance, it covers the full picture of actuarial control cycle including Product Pricing, Valuation, Financial Reporting and Experience Analysis. For General Insurance, it covers the backbone areas including Product Pricing and Valuation.

For Actuaries' Legal Thinking: This is the 7th year of the course and the full start of a new course structure echoing changes in the market for basic legal and general insurance skills for actuaries.  Intellectually stimulating recent legal materials with heavy involvement of actuarial and other general insurance expertise would dominate the course, alongside with basic legal research skills and fundamental legal thinking. Sharing of experience from guests from the General Insurance Industry would also infiltrate the course.
Course Learning Outcomes
On successful completion of this course, students should be able to:

CLO 1 have a basic understanding regarding Actuarial Control Cycle from A to Z for Life Insurance and General Insurance
CLO 2 possess some experience regarding fundamental actuarial practice through practical project
CLO 3 possess basic understanding of the legal system in Hong Kong
CLO 4 possess fundamental knowledge in certain core legal aspects such as the law of contract and the law of tort
CLO 5 possess fundamental knowledge of the law of insurance
CLO 6 conduct elementary legal researches when facing with legal problems
CLO 7 understand the basic elements of a routine judgment, the matrix of the facts and the law involved
Pre-requisites
(and Co-requisites and
Impermissible combinations)		 Pass in STAT3901, or already enrolled in this course; or
Pass in STAT3909, or already enrolled in this course; and
For BSc(Actuarial Science) students only.
Only for students admitted in 2024-25 or before.
Course Status with Related Major/Minor /Professional Core 2U000C00 Course not offered under any Major/Minor/Professional core
2024 BSc in Actuarial Science ( Disciplinary Elective )
2023 BSc in Actuarial Science ( Disciplinary Elective )
2022 BSc in Actuarial Science ( Disciplinary Elective )
2021 BSc in Actuarial Science ( Disciplinary Elective )
Course to PLO Mapping 2024 BSc in Actuarial Science < PLO 2,4,5,6 >
2023 BSc in Actuarial Science < PLO 2,4,5,6 >
2022 BSc in Actuarial Science < PLO 2,4,5,6 >
2021 BSc in Actuarial Science < PLO 2,4,5,6 >
Offer in 2025 - 2026 N        Examination
Offer in 2026 - 2027 N
Course Grade A+ to F
Grade Descriptors
A Demonstrate thorough mastery at an advanced level of extensive knowledge and skills required for attaining all the course learning outcomes. Show strong analytical and critical abilities and logical thinking, with evidence of original thought, and ability to apply knowledge to a wide range of complex, familiar and unfamiliar situations. Apply highly effective organizational and presentational skills.
B Demonstrate substantial command of a broad range of knowledge and skills required for attaining at least most of the course learning outcomes. Show evidence of analytical and critical abilities and logical thinking, and ability to apply knowledge to familiar and some unfamiliar situations. Apply effective organizational and presentational skills.
C Demonstrate general but incomplete command of knowledge and skills required for attaining most of the course learning outcomes. Show evidence of some analytical and critical abilities and logical thinking, and ability to apply knowledge to most familiar situations. Apply moderately effective organizational and presentational skills.
D Demonstrate partial but limited command of knowledge and skills required for attaining some of the course learning outcomes. Show evidence of some coherent and logical thinking, but with limited analytical and critical abilities. Show limited ability to apply knowledge to solve problems. Apply limited or barely effective organizational and presentational skills.
Fail Demonstrate little or no evidence of command of knowledge and skills required for attaining the course learning outcomes. Lack of analytical and critical abilities, logical and coherent thinking. Show very little or no ability to apply knowledge to solve problems. Organization and presentational skills are minimally effective or ineffective.
Communication-intensive Course N
Course Type Lecture-based course
Course Teaching
& Learning Activities
Activities Details No. of Hours
Lectures 36.0
Tutorials 12.0
Reading / Self study 100.0
Assessment Methods
and Weighting
Methods Details Weighting in final
course grade (%)		 Assessment Methods
to CLO Mapping
Assignments Coursework (assignments, practical project & class test(s)) 100.0 1,2,3,4,5,6,7
Required/recommended reading
and online materials		 NIL
Course Website http://moodle.hku.hk
Additional Course Information NIL


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