Graduates of a new master’s program will have the skills to pursue actuarial careers in the insurance, finance and healthcare industries, Senate heard as it approved the program at its January 11 meeting.
The Department of Mathematics and Statistics hopes to attract 15 students to launch the program in September. Faculty has identified a strong demand for actuaries, especially in international markets.
The course of study will focus on material in the professional exams set by the Society of Actuaries, including probability, theory of interest, finance, economics, regression and time series, risk and loss functions. Prospective students are advised that offers of admission to a new program may be made only after the University’s own quality assurance processes have been completed and the Ontario Universities Council on Quality Assurance has approved the program.