FACULTY OF SCIENCE & TECHNOLOGY
Undergraduates
Actuarial Science Programme
Actuary is a professional who uses mathematical and statistical methods to assess risks in insurance, finance, and other industries and professions. UKM’s Actuarial Science program was first offered in 1988, being the first program in Malaysia to offer a Bachelor’s Degree in Actuarial Science. This program offers several basic courses for students to sit for specialised exams recognised by overseas specialised bodies.
List of Core Courses (Session 2026/2027 - present)
Year 1
- Basic Economics I
- History and Communication of Mathematics
- Computer Programming
- Intermediate Mathematics
- Basic Economics II
- Calculus
- Introduction to Data and Probability
- Linear Algebra
Year 2
- Introduction to Insurance and Takaful
- Mathematics of Finance
- Vector Calculus
- Mathematics Statistics
- Basic Accounting and Finance
- Actuarial Mathematics I
- Statistical Techniques
Year 3
- Financial Management
- Actuarial Mathematics II
- Survival Model
- Numerical Methods
- Regression Analysis
- Investment Analysis and Portfolio Management
- Predictive Modeling and Analytics
- Issues in Actuarial Science
- Time Series Analysis
- Final Year Research Project I
Year 4
- Stochastic Process in Actuarial Science
- Risk Theory
- Actuarial Control and Planning
- Final Year Research Project II
- Industrial Training
Career Prospects
- Appointed actuary
- Risk and financial manager
- Actuarial consultant
- Price analyst of insurance, investment, retirement and other financial products
Core lecturers
Assoc. Prof. Dr. Saiful Izzuan Hussain
Finance, Investment and Risk Modelling
(sih@ukm.edu.my)
Prof. Dr. Noriszura Ismail
Actuarial Modelling, Statistical Modelling, Risk Management (ni@ukm.edu.my)
Prof. Dr. Zaidi Isa
Risk Modelling, Applied Statistics in Economics and Finance (zaidiisa@ukm.edu.my)
Dr. Humaida Banu Samsudin
Risk Management and Insurance (humaida@ukm.edu.my)
Dr. Munira Ismail
Quantitative Finance and Investment (munira@ukm.edu.my)
Dr. Rozita Ramli
Actuarial modeling with GLM, Reserving, Non-parametric survival modeling (itaramli@ukm.edu.my)
Dr. Siti Norafidah Mohd Ramli
Jump Diffusion Process, Copula Modelling (rafidah@ukm.edu.my)
Dr. Nur Firyal Roslan
Actuarial Science, Finance, Text/Data Mining (nurfiryal@ukm.edu.my)
Dr. Razik Ridzuan Mohd Tajuddin
Actuarial and Statistical Modelling (rrmt@ukm.edu.my)
Dr Sharifah Farah Syed Yusoff Alhabshi
Actuarial Modelling and Finance (shfarah@ukm.edu.my)
Puan Noriza Majid
Actuarial Modelling (nm@ukm.edu.my)
