Bachelor of Science (Honours) Actuarial Science

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Programme Information

Qualification

Degree

Duration

3 Years

Intake

January, May, October

Tuition Fee

RM 42900

Overseas Program

Available

Location

Selangor

Overview

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 Bachelor of Science (Honours) 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.

Entry Requirements

Minimum Requirement (Either one)

STPM : 2 C including Mathematics
A-level: 2 D including Mathematics
South Australian Matriculation (SAM): An Australian Tertiary Admission Rank (ATAR) 70 and Grade B in 2 subject including Mathematics
Canadian Pre-University (CPU): An average of 70% in 6 subjects including Mathematics
UEC: Minimum B in 5 subjects including Mathematics
Matriculation Certificate (MOE) in relevant field
Foundation in Science, UTAR
Diploma, TARUC
Foundation from other Institutions of Higher Learning in relevant field
Diploma from other Institutions of Higher Learning in relevant field
Other equivalent qualification recognised by the Malaysian Government

Course Outline

Year 1

AS Elective IV
Business Accounting I
Business Accounting II
Calculus I
Calculus II
Discrete Mathematics with Applications
English for Professionals
Fundamentals of Linear Algebra
Fundamentals of Programming
MPU1*
Probability and Statistics I
Probability and Statistics II
Sociology in Malaysian Context
Sun Zi’s Art of War and Business Strategies
Theory of Interest

Year 2

AS Elective Group I
AS Elective Group III
AS Elective Group IV
AS Elective Group V
Co-Curriculum
Financial Economics I
Introduction to Actuarial Mathematics
Introduction to Risk Management and Insurance
Macroeconomics I
Microeconomics I
National Language/Other

Year 3

AS Elective Group I
AS Elective Group III
AS Elective Project
Financial Economics II
Further Topics in Actuarial Mathematics
Industrial Training
MPU1**
Life Contingencies

AS Elective Group I (Choose 6 courses)

Applied Nonparametric Statistics
Applied Statistical Models
Credibility Theory
Data Analysis for Business Intelligence
Database System
Fundamentals Design and Analysis of Experiment
Fundamentals of Takaful
General Insurance
Introduction to Ratemaking and Reserving
Loss Models
Mathematical Statistics
Mathematics of Pension Funds
Operations Research I
Predictive Modelling
Statistical Decision
Statistical Quality Control
Statistical Simulation for Insurance And Finance
Time Series Analysis

AS Elective Group III (Choose 4 courses)

Business Finance
Business Law
Financial Statement Analysis
International Finance
Islamic Finance
Portfolio Management

AS Elective IV (Choose 1 course)

Academic Writing
Basic Professional Writing
Critical Reading and Thinking
Cross-Cultural Interactive Communication
Oral Communication and Interpersonal Skills
Public Speaking and Oral Presentation

AS Elective V (Choose 1 course)

Applications of Artificial Intelligence
Automation in the 4th Industrial Revolution
Communication in Interpersonal Relationship
Cross-Cultural Management
Electronic Commerce
Principles of International Business
Property Market Analysis

National Language/Other Language (Choose 1 course)

Bahasa Kebangsaan (A) – For Malaysian only, without SPM-BM credit
Communication Tamil For Health Sciences
Introduction to French
Introduction to German Language
Introduction to Japanese
Introduction to Korean
Introduction to Tamil Language
Introduction to Thai Language

MPU 1* (Choose 1 course)

Hubungan Etnik – For Local Students
Malaysian Studies 3 – For International Students

MPU 1** (Choose 1 course)

Bahasa Melayu Komunikasi 2 – For International Students
Tamadun Islam dan Tamadun Asia (TITAS) – For Local Students

Co-curriculum (Choose 1 course)

Art, Craft, and Design
Arts and Cultural Performance
Community Project
Critical Thinking, Creative Thinking and Problem Solving
Language, Culture and Social Study Aboard
Leadership and Teambuilding
Management of Martial Arts Activity
Management of Sports Activity
Social Entrepreneurship Project
Study Soft Skills and/or Life Skills Abroad
Team Work and Collaborative Project

Bookmark Visit Course

Programme Information

Qualification

Degree

Duration

3 Years

Intake

January, May, October

Tuition Fee

RM 42900

Overseas Program

Available

Location

Selangor

Programme Information

Qualification

Duration

Intake

Tuition Fee

Overseas Program

Location

Overview

Entry Requirements

Course Outline

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