Bachelor of Science (Actuarial Science)

Description of the Programme

The aim of the programme is to offer a degree course that meets the rising demand for managers with an added quantitative background who can use both mathematical and econometric models to forecast data and risks that affect financial forecasting and investments, insurance firms, pension departments of various organizations, banks and other financial institutions. This programme is therefore designed to focus not only on quantitative aspects but also on the management aspects. The discipline of Actuarial Science is based on the evaluation of the economic, financial and business implications of future contingent events. Consequently, this challenging and highly rewarding degree programme is suited for those intending to pursue careers in ­financial services e.g. pensions or insurance in quantitative and also managerial roles. The Bachelor of Science in Actuarial Science offered in many universities in Kenya is benchmarked to the Institute and Faculty of Actuaries (IFoA) curriculum in the United Kingdom. Students pursuing this comprehensive course will:

• Develop the specialist and technical skills required to enter the actuarial profession.
• Be equipped with the skills, knowledge and techniques to analyze data so as to solve fi­nancial and business problems.
• Develop the statistical and mathematical techniques relevant to model commercial and industrial processes against an economic and financial background.
• Learn to identify the risk factors and determine the cost and price of those risks.
• Be empowered to effectively manage resources at their disposal according to contemporary business management, economic and technological trends.
• Acquired knowledge, attitudes and skills for pursuing further studies in Actuarial Science

Minimum Entry Requirements