Bachelor of Science (Honours) in Actuarial Studies (Data Analytics)

PROGRAMME OUTLINE

This programme is specifically designed to provide students with:

• A course of study in Actuarial Science with a specialism in Data Analytics which has been awarded full accreditation by IFoA (UK).
• Competent teaching staff with professional or specialised academic qualification, possessing working experience from actuarial industries/academia.
• Course syllabus which is comprehensively structured in tandem and compliance with the 2 biggest actuarial bodies, the IFoA (UK) and the SOA (US). 
• Comprehensive guidance to mould graduates to be industry-ready.

Equipping students with essential fundamentals of Mathematics, Statistics, Economics and Finance starts at Level 1. To complement the core knowledge, the students will also learn Business, Communication, and IT skills, before progressing to the Level 2 of Actuarial Science study.

The core knowledge of Mathematics and Statistics now act as engine to drive the complex models of Economics and Finance in the actuarial industries. Those core knowledge are integrated to form actuarial tools and infrastructure, ready to be used for planning and managing purposes. Students will receive exposure and coaching which are actuarial centric, targeting at industrial applications. They are gradually groomed to be more independent in their study and research efforts.

In addition to the common modules for actuarial studies, students will also take two specialism modules (Programming for Data Analytics and Operational Research and Analytics) to gain exclusive exposure to data analytics.

Students will undertake an Internship/Industrial Training for a minimum period of 16 weeks to prepare them for a smooth transition from the classroom to the working environment.

The students are now ready to merge their knowledge and industrial experience to forge ahead and put into action their acquired skills in planning, managing and analysing risk. At this level, emphasis is placed on evaluating financial performance of businesses from actuary’s perspectives. Students will have the opportunity to understand the critical roles played by actuaries, for example, in the development and pricing of insurance products. Risk Management, Actuarial Modeling and Ratemaking are some of a wide repertoire of skills to be used.

In addition to the common modules for actuarial studies, students will also take two specialism modules (Behavioural Science & Marketing Analytics and Advanced Predictive Analytics) to gain further knowledge and skills for data analytics.