BSc (Hons) in Actuarial Studies
JPT/BPP(U)(R/462/6/0013/FA1631)07/22

 

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.

Intakes

January, March & August

Duration

3 Years (full-time)

Career Prospects

  • Actuarial reserving analyst
  • Catastrophe risk analyst
  • Chief actuary in casualty insurance/health/life/property
  • Chief executive officer
  • Chief financial officer
  • Financial risk manager

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
  • Life Insurance & Takaful
  • Community Project
  • Regression Analysis
  • Internship

  • Time Series & Forecasting
  • Multivariate Analysis
  • Risk-Based Capital Modelling for Non-life Insurers
  • Research Project
  • Stochastic Processes
  • Discrete Mathematics
  • Financial Risk Management
  • Advanced Actuarial Statistics
  • Advanced Actuarial Mathematics and Finance

 


for Local Student
  • Appreciation of Ethics and Civilisation
  • Philosophy and Current Issues
  • 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
  • Appreciation of Ethics and Civilisation
  • Community Service

Entry Requirement

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

A-Level
Minimum 12 points (Minimum of Grade D from 2 subjects)

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 Language Requirements

IELTS or equivalent 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

Professional Pathways & Exemptions

IFoA

Our programme is accredited by the Institute and Faculty of Actuaries (IFoA), UK. Students in our programme are eligible for exemptions from 6 IFoA papers, which are: CS1, CS2, CM1, CM2, CB1, and CB2.

SOA

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 prepare our students to sit for SOA professional exams throughout their undergraduate programme.

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

 

In-house Actuaries

Together with academic staff, our in-house actuaries ensure that our programme syllabus is in close alignment with the industry needs. Our students are highly employable as they are at the forefront in meeting the rising needs for actuarial expertise globally.

Sophia Ch'ng

Immediate past president of Actuarial Society of Malaysia. 20 years of experience in the insurance industry, ranging from life insurance, general insurance, takaful business to shared services.

Nicholas Yeo

Founder of Nicholas Actuarial Solutions, with clients across the ASEAN region. Lectures on Actuarial Statistics and Mathematics subjects.

 

Actuarial Practice Course (APC)

Actuarial Practice Course (APC) is conducted by our in-house actuary, Ms Sophia Ch’ng, Fellow of the Institute & Faculty of Actuaries (UK).

Get ahead with this 3-month intensive hands-on course designed to prepare actuarial students to be employment-ready. It incorporates feedback from our practicing actuaries and industry practitioners in the course design. This course is conducted by our in-house actuary - Ms Sophia Ch’ng, focusing on current topics in the insurance industry.

In addition to the standard university subjects and assignments, students have the option to enrol in this course, offered exclusively to Sunway University’s actuarial students without additional charges.

We are proud to have a track record of 100%* employment in actuarial-related positions for students who successfully completed this APC.

*Based on School of Mathematical Sciences graduate tracer study

Among the topics covered:

 

Alumni Achievements

Name: Wai Chong Yin, FSA
Fellow of the Society of Actuaries (March 2020)
Sunway University, BSc (Hons) Actuarial Studies, 1st class Honours, Class of 2017

Name: Tan Min Li
2021 Sir Edward Johnston Prize recipient
Sunway University, BSc (Hons) Actuarial Studies, 1st class honours, Class of 2021

 

 

 

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