Actuarial Science

University of Regina

Canada, Regina

University RankQS Ranking

1173

Apply Now!

Go to Official Website

Home/Canada/Regina /University of Regina/Actuarial Science

University of Regina

Canada , Regina

Key Facts

Program Level

Bachelor

Study Type

Full Time

Delivery

On Campus

Application Fee

CAD 100

Campuses

University of Regina

Program Language

English

Start & Deadlines

Next Intake Deadlines4-Sep-2024

Apply to this program

Go to the official application for the university

Duration 5 year(s)

Tuition Fee

CAD 767 / credit

Next Intake 4-Sep-2024

Actuarial Science

About

You can become an expert in risk management in our actuarial science program. You will learn to apply mathematics, statistics, and risk theories to the design of insurance and pension programs in various business environments.

The Bachelor of Science in Actuarial Science is the only program of its kind in Saskatchewan, and one of only 11 programs in Canada that is accredited by the Canadian Institute of Actuaries.

Actuarial science students may take one-year internships at well-known companies in insurance, pension and consulting sectors. Gain hands-on, real world experience before you complete your degree.

Graduates from our actuarial science program have close to 100 per cent hiring success in the actuarial industry. It is a rewarding career with opportunities for professional development and financial gain.

What is Actuarial Science?

Actuarial Science applies mathematics, statistics, and risk theories to the design of insurance and pension programs. Actuaries' areas of expertise are extensive and involve a wide range of business aspects such as operations research, finance, economics, investment analysis, analysis of medical risk, accounting, and legal and regulatory aspects of insurance and pensions, among others. The actuarial profession requires a strong mathematical ability and proficiency in various business skills.

Some sample courses in actuarial science at the U of R include:

Mathematics of Finance I

This course provides a basis of financial mathematics. Topics include measurement of interest, basic and general annuities, yield rates, amortization schedules, and sinking funds.

Introduction to Actuarial Mathematics

Topics include: economics of insurance, applications of probability to problems of life insurance, life annuities, and life tables.

Actuarial Models I

Probabilistic and deterministic contingency mathematics in life insurance and pensions. Topics include: benefit premiums, benefit reserves, multiple life functions, and multiple decrement models.

Introduction to Casualty Insurance and Credibility

An introduction to property/casualty loss reserving techniques. Topics include: reserves in casualty insurance, ratemaking process, credibility.

Why Study Actuarial Science at the University of Regina?

The Bachelor of Science in Actuarial Science is the only program of its kind in Saskatchewan, and one of only 11 programs nationally that are accredited by the Canadian Institute of Actuaries.

Internship

The Department of Mathematics and Statistics, along with crown corporations, compensation boards, insurance companies and consulting firms, has developed a one-year Internship Program so actuarial students can gain work experience before completing their bachelor's degree. This is an opportunity to gain work experience in your field while earning three credit hours towards your degree. If you're interested in an internship, you should contact the department of Math and Statistics at the beginning of your third year.

Accreditation

Under the Canadian Institute of Actuaries' University Accreditation Program, University of Regina courses can be used towards professional actuarial designations. Full details can be found at Canadian Institute of Actuaries (CIA).

Math Actuarial-Statistics Student Society (MASS)

MASS is a society that is open to all students interested in Math, Statistics, and Actuarial Science. Members organize functions not only for MASS students, but also for the general student body. These range from tutorial sessions for any students taking Math, Statistics, or Actuarial Science courses, to events to celebrate Pi Day (March 14), to collaborating with other student groups on science-themed events.

Disciplines

Faculty of Science

Requirements

Entry Requirements

General Secondary Education Certificate, 65% average required. All programs competitive entry

Career

What can you do with an Actuarial Science degree?

To explore minors that may be available in this program area, please see the Academic Calendar, meet with your faculty advisor in the Academic Advising Office, or visit the Science Academic Hub after you are admitted.

Upon successfully completing your bachelor's program in actuarial science, you will be ready for the next step of your career. Our graduates have gone on to jobs such as:

Actuary
Account Manager
Budget Analyst
Buyer (e.g., industry, institutions, retail)
Data Analyst
Financial Analyst
Investment Analyst
Purchasing Agent (e.g., construction, hospitals, government, schools)

Fee Information

Tuition Fee

CAD 767 / credit

Application Fee

CAD 100

How to Apply

1: Submit Application Form

Submit your application for admission or re-admission/faculty transfer online, or send in a paper application form (see below). Your application form includes what program you are applying to, your educational background, and your important contact information.

For details on how to choose the correct Application Type in the online form, make sure to review the Application Guide based on your educational background and program or faculty of interest at the U of R!

If you are applying to Nursing (SCBScN), access your application form and additional instructions at sasknursingdegree.ca.

2: Pay Application Fee

There is a $100 (CAD) application fee required. You can pay your application fee by credit card when submitting your application form online.

To arrange alternative payment methods, please contact your Admissions Office.

3: Submit Required Documents

Every application type has specific documents that must be submitted in support of the application. Depending on your application, this could include: