PROGRAMME DETAILSProgramme Code:
S306Medium of instructions:
Background of the Programme
Actuarial Science applies probability and statistics to define, analyze, and solve the financial impact of uncertain future events. This program also applies mathematical and statistical methods to assess risk in insurance, pension, finance, and other industries. The program is designed to fullfil the growing demand of actuarial analyst in the fields of takaful and insurance industry, finance, banking, reinsurance, investment, business consultancy, risk management and big data. This programme was first introduced in the 2016/2017 academic year. The evolving curriculum embeds the usage of new technology to equip our students with analytical, communication, computer, interpersonal, mathematics and problem-solving skills. The research components allow students to explore emerging issues in the field of actuarial science.
Objectives of the Programme
The Master of Science (Actuarial Science) programme is designed to produce:
1. Actuarial practitioners who can apply knowledge and practical skills in the field of actuarial science to generate new knowledge while providing the best services to related sectors.
2. Actuarial practitioners who are able to lead, work independently and in a team in solving problems as well as provide new ideas and subsequently convey information effectively.
3. Actuarial practitioners who constantly strive to improve their knowledge and abilities by leveraging digital technology to solve problems in related sectors.
4. Actuarial practitioners who practice ethical and professional values in providing services to related sectors.
Actuarial Analyst, Risk Manager, Data Scientist, Broker (Insurance & Takaful), Insurance Analyst, Loss Control Representative, Insurance and Takaful underwriter