Actuarial Science Programme

INTRODUCTION

Actuarial science programme was started in 1988 under the Statistics Department, Centre of Quantitative Studies. Currently the programme is placed under the School of Mathematical Sciences, Faculty of Science and Technology.

Students enroll in the actuarial science programme will receive a solid background in actuarial science knowledge. Programme offers a variety of courses in mathematics, statistics, computing and other basic sciences. In addition, the programme offers fundamental syllabus for student to sit for professional exams acknowledged by the professional bodies from overseas such as the Society of Actuaries (USA), the Casualty Actuarial Society (CAS) and the Institute of Actuaries (UK). The programme prepares graduates careers in actuarial, insurance, finance, management, banking and other quantitative areas.

Several courses offered by the Actuarial Science Programme in Universiti Kebangsaan Malaysia such as STQS2234 Statistical Modelling, STQP1513 Fundamentals of Economics I and STQP1523 Fundamentals of Economics II have been approved credits by the Validation of Educational Experience (VEE) of the Society of Actuaries (USA), the Casualty Actuarial Society (USA) and the Canadian Institute of Actuaries (Canada).

PROGRAMME EDUCATIONAL OBJECTIVES (PEO)

The objective of the Actuarial Science Program is to produce graduates who are adept with a sound and current knowledge of actuarial science, has national aspirations, competent, competitive, innovative who champion and uphold the Malay language, as well as proficient in English language to contribute in a variety of disciplines and drive the national and global development.

PEO1   To produce students with high caliber, ethics and competitive drive;

PEO2   To equip students with the ability to translate and synthesize their understanding on the world, mankind and development;

PEO3   To equip students with the awareness on the environment and sustainable development;

PEO4   To equip students with the ability to use actuarial solution methods like analysis, modeling, financial management and knowledge in tackling issues in insurance, pensions, finance and investment.

PEO5   To equip students with scientific approaches in generating and sharing knowledge which is multidiscipline in nature; and

PEO6   To equip students with high creativity and innovation drive and ability to create ideas for policy making, decision making and development implementation.

PROGRAMME OUTCOMES (PO)

PO1 Able to understand and apply actuarial science knowledge in various aspects of life.

PO2 Having in-depth technical competence in actuarial science and able to undertake problem identification, formulation and solution.

PO3 Able to understand and evaluate the effects of problem solution on the society and environment.

PO4 Possess moral, ethical and professional values.

PO5 Able to lead, work in a team and communicate effectively.

PO6 Able to think critically and competence to conduct scientific problem solving tasks.

PO7 Capable to generate and manage information and engaged in independent and long-life learning.

PO8 Possess managerial and entrepreneurial skills.

Actuarial Science Programme Structure