SUNWAY University adds yet another feather to its cap after its BSc (Hons) in Actuarial Studies programme was recently accredited by the Education Committee of the Institute and Faculty of Actuaries (IFoA), United Kingdom.
With the accreditation, Sunway University now joins the ranks of select institutions worldwide that offer the maximum exemptions (CS1, CS2, CM1, CM2, CB1, and CB2) approved by the professional body.
To put it into perspective, there are fewer than 50 institutions in the world that offer exemptions approved by IFoA, of which only a handful offer the above maximum exemptions.
"The IFoA accreditation provides students with another pathway to become an actuary, one of the world's top profession," says Professor Ho Chee Kit, Dean of the School of Mathematical Sciences at Sunway University.
Besides IFoA, the BSc (Hons) in Actuarial Studies programme is also recognised by the Society of Actuaries (SOA), a leading professional body from the United States.
"Sunway Univerity's B Sc (Hons) in Actuarial Studies programme is now recognised by professional actuarial bodies from both the United States and the United Kingdom," says Prof Ho.
To become an actuary, students need to pass all – or get exemptions from – the exams required by these professional actuarial bodies.
Placing an emphasis on quality teaching and education, Sunway University actuarial students managed to achieve a remarkable record of "Grand Slam" success by passing all Preliminary SOA Exams before they graduate.
With professional practising in-house actuaries teaching in the programme, we have a proud history of consistently nurturing and producing employment-ready graduates. Besides, Sunway actuarial students have the added privilege to attend the industry-driven highly practical “Actuarial Practice Course” conducted by our in-house actuaries to help boost students' career prospects and fast track them into the industry.
For those looking into a wider career option in insurance such as underwriting, claims or operations, the programme provides students with an accelerated entry into the Malaysian Insurance Institute (MII) professional course – the Associateship of the Malaysian Insurance Institute (AMII).
Among the first Malaysian private university to collaborate with MII, Sunway’s BSc (Hons) in Actuarial Studies students are eligible for exemptions of up to 11 AMII modules and the option to complete the remaining 3 modules during their study, making them possible recipients of both a bachelor's degree plus the professional AMII qualification upon graduation.
The School of Mathematical Sciences has plans to provide more study options in the field of data science, quality control and decision science related disciplines later this year, and will be launching the MSc in Actuarial Science (by Research), and PhD in Mathematical Sciences in August 2018.
This article is brought to you by Sunway University. To learn more about the BSc (Hons) in Actuarial Studies programme and their next intake, visit the website here.