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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 BSc (Hons) 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.
To enhance their employability, this programme also equips students with relevant IT skills.
STPM with minimum 2 principal passes including mathematics Or A-level with minimum 2 principal passes including mathematics Or South Australian matriculation (SAM) with an Australian Tertiary Admission Rank (ATAR) 70 and Grade B in 2 relevant subjects including mathematics
Canadian Pre-University with an average of 70% in 6 relevant subjects including mathematics Or Unified examination certificate (UEC) with grade B in 5 relevant subjects including mathematics Or Matriculation certificate (Science field) , Ministry of Education Or Foundation in Science, Universiti Tunku Abdul Rahman (UTAR)
Diploma,Tunku Abdul Rahman Universiti college (TAR UC) in the relevant field Or Foundation from other Institutions Of Higher Learning in the relevant field Or Other equivalent qualifications recognised by the Malaysian government
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