BSc (Hons) in Actuarial Studies
JPT / BPP(U)( N/462/7/0023/PA9469)01/23

School of Mathematical Sciences

 

About The Programme

This programme draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial services industry. It is designed to pave the way for students wishing to embark on a career as an actuary. Students will be prepared for professional exams leading to the qualification of an actuary from a globally recognised professional actuarial body.

Our programme is accredited by the Institute and Faculty of Actuaries (IFoA), UK. Students in our programme are eligible for exemptions from the IFoA professional exams for papers CS1, CS2, CM1, CM2, CB1 and CB2.

Our programme is also recognised by the Society of Actuaries (SOA), US. As the SOA requires students to undertake courses to fulfil their Validation by Educational Experience (VEE) requirements, our school offers subjects that will directly allow students to achieve their full VEE exemptions. We also prepare our students to sit for SOA professional exams throughout their undergraduate programme.

Additionally, students considering a professional insurance qualification have an exclusive opportunity for an accelerated pathway upon enrolment. Students in our programme are recognised for admission into the Associateship of the Malaysian Insurance Institute (AMII) with the eligibility for exemptions from 11 out of 14 AMII modules.

Our programme is also fully accredited by the Finance Accreditation Agency (FAA) of Malaysia, an international and independent quality assurance and accreditation body for the financial services industry.

Note: Eligibility of exemptions is determined based on subjects taken and grades obtained.

 

 

Intakes

January, March & August

 

Duration

3 Years (full-time)

 

Career Prospects

  • Chief Actuary in Life / Health / Property / Casualty Insurance
  • Chief Executive Officer
  • Financial Risk Manager
  • Actuarial Reserving Analyst
  • Chief Financial Officer
  • Catastrophe Risk Analyst
  • Consulting Actuary
  • Underwriting Auditor
  • Actuarial Pricing and Risk Analyst
  • Pension / Retirement Plan Actuary

Programme Structure

  • Principles of Financial Accounting
  • Introductory Economics
  • Programming Principles
  • Calculus
  • Linear Algebra & Applications
  • English for Business
  • Principles of Business Finance
  • Introduction to Probability
  • Advanced Calculus
  • Theory of Interest

  • Derivative Securities I
  • Life Contingencies I
  • Introduction to Statistics
  • Financial Management
  • Communication Skills
  • Derivative Securities II
  • Life Contingencies II
  • Mathematical Methods
  • Risk Theory

  • Simulation & Credibility Theory
  • Survival Models
  • Ratemaking & Loss Reserving for General Insurance
  • Internship
  • Business Ethics & Social Responsibilities
  • Financial Risk Management

  • Final Year Project
  • Time Series & Forecasting
  • Regression Analysis
  • Risk Based Capital Modelling for Non-life Insurers
  • Stochastic Processes
  • Discrete Mathematics
  • Underwriting Practice

Full Programme Accreditation

The First Actuarial Science programme in Malaysia to be Fully Accredited by the:
Finance Accreditation Agency

Institute and Faculty of Actuaries (IFoA), UK

Recognised by:
The Malaysian Insurance Institute

Additional MOHE compulsory General Studies subjects


for Local Student
  • Islamic and Asian Civilisations
  • Ethnic Relations
  • Community Service
  • Bahasa Kebangsaan A (applicable to students who did not sit for SPM or did not obtain a Credit in SPM Bahasa Melayu)


for International Student
  • Malay Language for Communication 2
  • Malay Studies 3
  • Community Service

Entry Requirement

STPM
Average C+ or CGPA 2.33 (minimum 2 Principals)

A-Level
Minimum 12 points

Australian Matriculation
ATAR 60

Canadian Matriculation
60%

Monash University Foundation Year
60%

Sunway Foundation in Arts
CGPA 2.0

Sunway Foundation in Science Technology
CGPA 2.0

Unified Examination Certificate
Maximum 26 points from 5 subjects (all Grade Bs)

International Baccalaureate
Completed with minimum 25 points (excluding bonus points)

Sunway Diploma Studies
CAVG 50% or CGPA 2.0
* Students may obtain advanced standing if credit transfer requirements are met.

Other Qualifications
Any other equivalent qualifications
Applicant with no standard qualification will be considered on a case-to-case basis

 

English Requirements

IELTS 6.0
PTE Academic 50 overall (minimum 46 in each skill)
MUET Band 4
SPM English B3 or B+
UEC English B4
O-Level English (1119) Credit
Sunway Intensive English Programme (IEP) Pass Level 4
ESL/English Satisfactory level in Pre-University programmes, where the medium of instruction is English

 

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