Cass Business School

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

MSc: 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

Assessment methods

Assessment of modules on the MSc in Actuarial Management, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.


Qualification Study mode Start month Fee Course duration
MSc Full-time September 2019 - 1 Years
MSc Part-time September 2019 - 2 Years

Campus details

Campus name Town Postcode Region Main campus Campus Partner
Cass Business School EC1Y 8TZ London

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