Duration:3 years (Full time)
Intakes:January, May, October
Campus:UTAR Sungi Long
Level of Study:Undergraduate
Faculty:Lee Kong Chian Faculty of Engineering and Science (LKCFES)
Course Code:
About this course
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.
Total Course Fees
RM42,900 (Local)
RM58,200 (International)
For scholarship enquiries please e-mail lokecl@utar.edu.my for more details.
Subject Listing
- 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
As Elective IV Choose 1 course(s)
- 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
MPU1*
- Hubungan Etnik – For Local Students
- Malaysian Studies 3 – For International Students
Core Courses:
- 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 Languages
AS Elective Group III Choose 4 course(s)
- Business Finance
- Business Law
- Financial Statement Analysis
- International Finance
- Islamic Finance
- Portfolio Management
AS Elective Group IV Choose 4 course(s)
- 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 Group V Choose 4 course(s)
- 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
Co-curiculum 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
National Language /Other Language
- 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
Core Courses:
- 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 Course(s)
- 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 6 Course(s)
- Business Finance
- Business Law
- Financial Statement Analysis
- International Finance
- Islamic Finance
- Portfolio Management
MPU 1** Choose 1 Course
- Bahasa Melayu Komunikasi 2 – For International Students
- Tamadun Islam dan Tamadun Asia (TITAS) – For Local Students
Entry RequirementsApplicants must have one of the following Entry requirements:
- STPM with 2 Grade C including Mathematics
OR
- A-Level with 2 Grade D including Mathematics
OR
- South Australian Matriculation (SAM) with an Australian Tertiary Admission Rank (ATAR) 70 and Grade B in 2 subjects including Mathematics
OR
- Canadian Pre-University (CPU) with an average of 70% in 6 subjects including Mathematics
OR
- Unified Examination Certificate (UEC) with Grade B in 5 subjects including Mathematics
OR
- Matriculation Certificate, Ministry of Education in the relevant field
OR
- Foundation in Science, Universiti Tunku Abdul Rahman (UTAR)
OR
- Diploma, Tunku Abdul Rahman University College (TAR UC)
OR
- Foundation from other Institutions of Higher Learning in the relevant field
OR
- Diploma from other Institutions of Higher Learning in the relevant field
OR
- Other equivalent qualifications recognised by the Malaysian Government
