APU’s Actuarial Science Programme Gains Global Recognition

With accreditation from both the UK and the US, APU stands out as a beacon of excellence for its Actuarial Science programme.

IN TODAY’s competitive higher education landscape, where students seek both degrees and clear career paths, Asia Pacific University of Technology and Innovation (APU) stands out as a beacon of excellence for its Actuarial Science programme.

This QS Five Stars Plus-rated and Premier Digital Tech University has carved out a position for itself, earning worldwide recognition for its high standards and innovative approach.

APU recently achieved another milestone by being awarded the prestigious Silver status by the Casualty Actuarial Society (CAS), a well-known institution based in the US, adding to its global recognition with block exemptions offered by both the Institute and Faculty of Actuaries (IFoA), UK, and Society of Actuaries (SoA), US.

This recognition promotes APU as an elite group of global educational institutions. It joins the ranks of just 14 universities worldwide that have achieved this prestigious status on the CAS University Recognition List.

The rigorous recognition process by CAS validates the academic rigour and curriculum relevance of APU's actuarial science programmes, demonstrating the university’s unwavering commitment to excellence in this field.

The Actuarial Science programme, under APU’s School of Mathematics, Actuarial and Quantitative Studies (SoMAQS), seamlessly integrates theoretical knowledge with practical application, ensuring that students have the necessary skills and expertise to succeed in the dynamic field of actuarial science.

The CAS Silver Recognition status certifies the quality of APU’s Actuarial Science programme and enhances the global reputation and credibility of its graduates' degrees.

APU students gain a competitive advantage through their exposure to data analytics and FinTech, as well as the latest Actuarial Product Development module.

Designed for success

APU graduates are well-positioned to pursue exciting jobs as property and casualty actuaries in a wide range of industries, both locally and globally.

By incorporating industry trends and technological advancements, APU continues to innovate

and evolve in response to the ever-changing landscape of actuarial science education.

The Actuarial Science programme, which offers two of the “hottest” specialisms in tech—data analytics and financial technology (FinTech)—is perhaps the first and only programme of its kind offered in Malaysia.

This unique combination integrates seamlessly with APU’s actuarial science degree programmes, ensuring graduates are well-equipped for the demands of the fourth industrial revolution (IR4.0).

Both the data analytics and fintech programmes are fully accredited by the IFoA, UK.

APU actuarial graduates who attain a minimum threshold mark are eligible for block exemptions from CS1, CS2, CM1, CM2, CB1 and CB2 in the current IFoA curriculum.

APU’s purpose-built campus with an ultra-modern design is strategically located at MRANTI Park, Kuala Lumpur.

Comprehensive and renowned global education

SoMAQS Head Associate Professor Dr Rajasegeran Ramasamy highlights that the recognition of the IFoA and CAS opens doors to a broader world of career possibilities for APU graduates.

“APU’s actuarial graduates have a strong employment record across various industries, and employers preferred choice with majority of them securing positions in the insurance and finance sectors,” he says.

“In these industries, actuaries typically focus on pricing, risk management and product development.

“Recognising this need, APU is the first university to introduce the Actuarial Product Development module, which integrates actuarial skills with project management expertise.”

APU faculty members, many of whom have notable designations, such as Fellow and Associate of the Society of Actuaries, contribute a wealth of real-world experience and expertise to the classroom.

The Actuarial Studies qualifications are dual awards from APU and De Montfort University (DMU) in the UK. Upon graduation, students will receive two-degree certificates and transcripts: one from APU and one from DMU.