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.