Bachelor of Science in Statistics - Actuarial Science

About

The BSc in Statistics with concentration in Actuarial Science is a programme of study that provides an intriguing blend of statistics, mathematics, finance, and the social sciences. It's designed for students with a strong mathematics aptitude and an interest to learn from a social science perspective that embraces multifaceted interdisciplinary approaches and. Students will learn through an approach characterised by its academic rigour, mathematical focus, and applications to solve important problems and tackle complex challenges especially for insurance, finance, climate change, government, commerce industry, and academic research. It aims to provide students with the intellectual foundation to prepare them for further study, or for professional and managerial careers, particularly in the actuarial profession or in other areas requiring the application of quantitative skills (eg, risk analysis and management; business and investment analysis) to support informed decision-making.. What You'll Learn; Analysis of modern industrial society, Economic Theory and its relation to economic reality, including formulation of economic policy. Value of money, annuities, loans, bonds, cash flows, and immunization, and interest rate swaps. The Credibility procedures and fundamental principles of pricing in short-term insurance coverage. Accounting principles including accounting for revenues, expenses, assets, liabilities, equity, accounting standards, and financial statements. Major decision areas of financial managers such as capital budgeting, financing, and working capital management. Risk management and legal concepts of insurance contracts, personal insurance, and commercial property as well as casualty insurance policies  

Career Path 

Graduate career path includes Actuary (Life, Health, Property & Casualty Insurance), Pension & Retirement Benefits Analyst, Financial Analyst, Risk Analyst (Corporate, Financial, Insurance), Insurance Underwriter (with actuarial specialization), Enterprise Risk Manager, Quantitative Analyst (“Quant”) in Finance, Credit Risk Analyst (Banking & Lending), Data Scientist (Risk & Predictive Modeling), Health Care Data Analyst (Medical Risk & Insurance), Reinsurance Analyst, Investment Risk Consultant, Government Statistician (Social Security, Treasury, Regulatory Agencies), Corporate Strategy Analyst (Risk & Forecasting),Climate Risk Analyst (Environmental & Insurance Applications), Actuarial Consultant (Private Firms, Global Consulting), Business Intelligence Analyst (Risk & Operations), Predictive Analytics Specialist (Insurance & Finance).