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.
Our International Master’s programme is fully accredited by the Institute and Faculty of Actuaries. It is equivalent to the conversion MSc in Actuarial Science followed by the one-year MSc in Applied Actuarial Science.
As one of the few universities to offer actuarial science in the UK, Kent’s programme is recognised for its strong mix of theoretical and practical expertise. The teaching staff include many actuaries drawn from professional practice, along with specialised researchers.
About the Centre for Actuarial Science, Risk and Investment
In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within the School of Mathematics, Statistics and Actuarial Science to reflect the widening scope of the teaching and research of the staff. Within CASRI, research in actuarial science can be broadly classified into the following three themes: economic capital and financial risk management, longevity risk modelling, and public policy aspects of insurance risk classification. This achieves a balance between theoretical and applied investigations, as well as addressing social policy implications. The group has a deep and long-standing association with the Institute and Faculty of Actuaries, as well as with other educational institutions worldwide.
In 2019 the Institute and Faculty of Actuaries (IFoA) introduced a new actuarial qualification structure. We are delighted to say that we successfully achieved re-accreditation for all of our Actuarial Science programmes and have been offering exemptions under the IFoA's new qualification structure since September 2019.
Teaching and assessment
Assessment is a combination of coursework and written examinations.
This programme aims to:
- provide you with eligibility for subject exemptions from the Core Practices and Specialist Principle 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.
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 all 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: define and review the work of others, work co-operatively on group tasks, understand how groups function
- make sound judgements
- make decisions in complex situations.