City, University of London

City, University of London

Actuarial Management

The UK Institute and Faculty of Actuaries accredits the MSc in Actuarial Management course. Indeed, Cass Business School was the first institution in the UK to have both undergraduate and postgraduate programmes fully accredited by the UK Institute and Faculty of Actuaries. Consequently, the course allows you to study the key areas of actuarial practice whilst also offering the opportunity to gain exemptions from the examinations of the UK Institute and Faculty of Actuaries. In particular, students are able to gain exemptions in Actuarial Risk Management (Subject CA1), Communications (Subject CA3) and most of the Specialist Technical (or ST) subjects* In addition, students who have outstanding Core Technical (or CT) subjects are able to gain exemptions in many of these also (covers Subjects CT2, CT4, CT5, CT6 and CT8 only). The MSc in Actuarial Management also provides a good foundation for students preparing for examinations of the professional bodies in other countries (including the United States, Canada and Australia).

Entry requirements

A UK 2.1 or above and/or a Masters Degree/Postgraduate Diploma (from a UK university or equivalent) in a related subject and already covered the fundamentals of actuarial science at university degree or professional level
Applicants are required to have passed and/or as a result of previous studies, be exempted from a minimum of FIVE of the Core Technical (CT) examinations of the UK Actuarial Profession (with the exception of CT9). These would be expected to include Subject CT1 (Financial Mathematics), Subject CT3 (Probability & Mathematical Statistics) and Subject CT7 (Economics), which represents the fundamentals of actuarial science*.
*Exceptions to these requirements can be made by the admissions office on a case-by-case basis.

Students who are new to the field of actuarial science should apply for the MSc in Actuarial Science (covering all eight of the Core Technical examinations of the UK Institute and Faculty of Actuaries).

Applicants will need to submit two references, one of which MUST be an academic reference.

Course modules

Term 1
- Actuarial risk management

- Life Insurance
- Pensions and Other Benefits
- Finance and Investment
- General Insurance - Reserving and Capital Modelling
- Finance and Financial Reporting

Term 2
- Health and Care
- Strategic management and marketing
- Finance and Investment
- Modelling
- Contingencies
- Statistical Method
- Financial Economics
- General Insurance - Pricing

Model Documentation, Analysis and Reporting (Non-exemption module)

Term 3
- MSc Research Project

Qualifications

Qualification Study mode Start month Fee Course duration
MSc Full-time September 2016 GBP 20,000 per Whole course (Northern Ireland) 1 years
MSc Full-time September 2016 GBP 20,000 per Whole course (Scotland) 1 years
MSc Full-time September 2016 GBP 20,000 per Whole course (Wales) 1 years
MSc Full-time September 2016 GBP 20,000 per Whole course (England) 1 years
MSc Full-time September 2016 GBP 20,000 per Whole course (International) 1 years
MSc Part-time September 2016 GBP 10,000 per Year 1 (England) 2 years
MSc Part-time September 2016 GBP 10,000 per Year 1 (International) 2 years
MSc Part-time September 2016 GBP 10,000 per Year 1 (Northern Ireland) 2 years
MSc Part-time September 2016 GBP 10,000 per Year 1 (Scotland) 2 years
MSc Part-time September 2016 GBP 10,000 per Year 1 (Wales) 2 years

Campus details

Campus name Town Postcode Region Main campus Campus Partner
Cass Business School Islington EC1Y 8TZ South East

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