Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems.
Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world. Kent is one of a very few universities in the UK to teach the subject.
The MSc is available as a full-time (one-year) programme and is suitable for those who have completed a first degree or postgraduate diploma in Actuarial Science, or those who have studied the majority of the earlier subjects in the Core Technical Stage subjects.Accreditation - Institute and Faculty of Actuaries Curriculum 2019
This year, the Institute and Faculty of Actuaries (IFoA) is introducing a new actuarial qualification structure called Curriculum 2019. We are delighted to say that we have successfully achieved re-accreditation for all of our Actuarial Science programmes and will be offering exemptions under the IFoA's new qualification structure from September 2019.
Knowledge and understanding
You will gain knowledge and understanding of:
- complex techniques applicable to the solution of problems in all the major areas of current professional actuarial practice
- complex current issues in the major areas of current professional practice.
You develop intellectual skills in:
- the ability to demonstrate a high level of understanding of the main body of knowledge for the programme
- the ability to demonstrate skill in calculation and manipulation of the material written within the programme
- the ability to apply a range of concepts and principles in various contexts
- the ability for logical argument
- the ability to demonstrate advanced skills in solving problems in complex situations by various appropriate methods
- the ability to work with relatively little guidance.
You gain subject-specific skills in:
- the specific mathematical and statistical techniques used in actuarial science, and in their application to solving actuarial problems
- understanding the practical applications of programme material in insurance.
You will gain the following transferable skills:
- communication: the ability to organise information clearly, respond to written sources, present information orally, adapt style for different audiences and use images as a communication tool
- numeracy: make sense of statistical materials, integrate numerical and non-numerical information, understand the limits and potentialities of arguments based on quantitative information
- information technology: produce written documents, undertake online research, communicate using email
- improve your own learning: explore your personal strengths and weaknesses, time management, review your working environment (especially the student-staff relationship), develop specialist learning skills (eg foreign languages), develop autonomy in learning.
- problem-solving: identify and define problems, explore alternative solutions and discriminate between them
- working with others: the ability to define and review the work of others, work co-operatively on group tasks, understand how groups function
- the ability to make sound judgements
- the ability to make decisions in complex situations.
This programme aims to:
- provide successful students with eligibility for subject exemptions from the Core Application and Specialist Technical series of examinations of the Institute and Faculty of Actuaries. This means obtaining a thorough knowledge of core actuarial applications, developing the ability to apply this knowledge in a practical situation and gaining current knowledge and understanding of the practice of major areas in which actuaries are involved.
- develop your understanding, knowledge and awareness of current problems, much of which is at the forefront of current professional practice.
- ensure you are competent in the use of information technology, and are familiar with computers, together with the relevant software.