International Master's in Applied Actuarial Science

Course Structure

1. Finance and Financial Reporting
2. Probability and Statistics for Actuarial Science
3. Statistics for Insurance
4. Contingencies 1
5. Survival Models
6. Probability and Statistics for Actuarial Science 2
7. Contingencies 2
8. Mathematics of Financial Derivatives
9. Stochastic Processes
10. Time Series Modelling and Simulation
11. Financial Mathematics
12. Business Economics
13. Portfolio Theory and Asset Pricing Models
14. Financial Modelling
15. Communications
16. Actuarial Risk Management 1
17. Actuarial Risk Management 2
18. Prophet
19. Prophet 2
20. Financial Modelling
21. Enterprise Risk Management
22. Life Insurance
23. Pensions and Other Benefits
24. Finance and Investment
25. Derivative Securities
26. General Insurance - Reserving and Capital Modelling
27. General Insurance - Premium Rating
28. provide you with eligibility for subject exemptions from the Core Application and Specialist Technical series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of the practice of major areas in which actuaries are involved
29. develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice
30. ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.
31. complex techniques applicable to the solution of problems in all the major areas of current professional actuarial practice
32. complex current issues in all the major areas of current professional practice.
33. the ability to demonstrate a high level of understanding of the main body of knowledge for the programme
34. the ability to demonstrate skill in calculation and manipulation of the material written within the programme
35. the ability to apply a range of concepts and principles in various contexts
36. the ability for logical argument
37. the ability to demonstrate advanced skills in solving problems in complex situations by various appropriate methods • the ability to work with relatively little guidance.
38. the specific mathematical and statistical techniques used in actuarial science, and in their application to solving actuarial problems
39. understanding the practical applications of programme material in insurance.
40. communication: the ability to organise information clearly, respond to written sources, present information orally, adapt style for different audiences and use images as a communication tool
41. numeracy: make sense of statistical materials, integrate numerical and non-numerical information, understand the limits and potentialities of arguments based on quantitative information
42. information technology: produce written documents, undertake online research, communicate using email
43. improve your own learning: explore your personal strengths and weaknesses, time management, review your working environment (especially the student-staff relationship), develop specialist learning skills (eg foreign languages), develop autonomy in learning
44. problem-solving: identify and define problems, explore alternative solutions and discriminate between them
45. working with others: define and review the work of others, work co-operatively on group tasks, understand how groups function
46. make sound judgements
47. make decisions in complex situations.