Overview of Bachelor of Science Honours Actuarial Science in Universiti Tunku Abdul Rahman UTAR Malaysia
Actuarial Science encompasses the study of applied mathematics, statistics and financial theory to solve financial problems. It is a study of the financial risks associated with uncertain future events, with emphasis on assurance (life assurance), property and casualty insurance, pension plans and employee benefit programmes.
This programme is designed to meet the rapid changing needs and challenges of the insurance and investment-related industries by aligning its syllabi with the professional examination requirements.
UTAR Bachelor of Science (Honours) Actuarial Science offers relevant courses that have been approved by the Society of Actuaries for Validation by Educational Experience (VEE) credit, i.e. Economics, Corporate Finance and Applied Statistical Methods. It covers all the topics on the CAS/SOA Probability (P) and Financial Mathematics (FM) actuarial examinations plus more than 12 semester hours on the topics for the SOA Actuarial Models (M) examination and the CAS/SOA Construction and Evaluation of Actuarial Models (C) examination that entail topics such as contingent payment models and frequency, severity and aggregate claims models. Students may gain international recognition, in addition to the UTAR honours degree.
