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Submitted by admin on Sat, 08/14/2021 - 10:12

About the Program

Program Objectives
•    To develop in students, an appreciation of actuarial methods, and of the links between the theory of the subject and their practical application in industry;
•    To develop in students, a logical, formal and quantitative approach to formulating and solving problems;
•    To provide a foundation of knowledge about the financial sector and risk management;
•    To provide students with a knowledge and skills base from which to develop further abilities to understand and analyse financial markets and institutions;
•    To develop all rounded actuarial professionals with good grounding in the mathematical and statistical approaches;
•    To provide enough academic training for students who wish to pursue postgraduate studies in actuarial science or other related areas.
•    To provide adequate knowledge for students to sit for the early professional examinations organized by international actuarial organizations

Admission Requirements
•    Candidates must meet the minimum University entry requirements.  
•    Candidates must have passed Mathematics with a minimum grade of B at K.C.S.E., or an equivalent qualification.

Duration of the Program
•    Candidates shall normally have enrolled for courses over a period of not less than four (4) academic years.

Course Structure
•    Courses will be offered in units, in which a course unit is defined as a three-hour lecture or six hours tutorial or nine hours practical session per week per semester.
•    Students will take a minimum of 14 units and maximum of 16 units in each year of study.  Students wishing to take more than 16 units will require senate approval.
•    In the first year, students will take 16 units from the Department of Statistics and Actuarial Science,
•    In second year, students will take 14 core (C ) units from the Department, and a further 2 units from the elective (E ) courses offered by the Department.  
•    In the third and fourth years of study, students will take 12 core units, plus an additional 4 units from the elective units offered by the Department.
Mode of Delivery
•    Face-to-face
•    On-line

Program Courses
Year 1 Semester 1
MAC 107:                Introduction to Actuarial Science  C
MAC 105:                    Micro economics  C
MAS 101:     Descriptive Statistics                 C
MAS 103:     Introduction to Probability Theory         C
MMA 100:     Basic Mathematics                 C
MMA 111:     Introduction to Calculus                 C
MIT 101:     Basic Concepts of IT                 C
MIT 103:     Web Browsing and Communication         C
Year 1 Semester 2
MAC 102 Fundamentals of Actuarial Mathematics I        C
MAC 104:     Linear Models and Forecasting             C
MAC 106:     Macroeconomics                 C
MAS 102 Probability and Distribution Theory         C
MMA 101:     Analytic Geometry                 C
MMA 103:    Linear Algebra I                     C
MIT 104:   Descriptive Statistical Analysis and Presentation    C
Year 2 Semester 1
MAC 201:     Financial Mathematics I                 C
MAC 203:         Fundamentals of Actuarial Mathematics II C
MAC 205:                     Mathematical Modelling E
MAS 201:                        Sample Surveys  E
MAS 203:    Economic Statistics                    C
MMA 215:     Calculus                      C
MMA 201:    Linear Algebra II                     C
MMA 202:     Vector Analysis                     E
MIT 201:     Statistical Computing I                 C
MIT 203:     Collecting and Organising Data             C
Year 2 Semester 2
MAC 206:      Actuarial Mathematics I                 C
MAC 210:   Investment and Assets Management I         C
MAS 204:    Demography and Social Statistics        C
MAS 202:     Principles of Statistical Inference             E
MMA 216:   Multivariate Calculus                 C
MMA 208:    Introduction to Analysis                 C
MIT 202:     Data Management                 C
MIT 204:     Scientific Report Reading Writing & Presentation    C
Year 3 Semester 1
MAC 303:      Actuarial Mathematics II                 C
MAC 305     Pension Mathematics                 C
MAS 305     Stochastic Processes I                 C
MMA 300     Real Analysis I                    C
MMA 301     Ordinary Differential Equations I            C
MIT 301:     Computer Based Survey Techniques         C
MIT 303:     Computers Applied to Mathematics       C
Year 3 Semester 2    
MAC 300:     Financial Mathematics                  C
MAC 302:     Method of Actuarial Investigations         C
MAC 304:     Actuarial Life Contingencies I             C
MAC 306:     Financial Economics     
MAS 304:              Test of Hypothesis                 E
MAS 314:     Research Methodology                 C
MMA 303:   Complex Analysis I                 E
MIT 304:     Introduction to Object Oriented Programming     C
MIT 302:     Statistical Computing II                 C
MAS 317:     Industrial Attachment                 C
Year 4 Semester 1    
MAC 403:     Actuarial Life Contingencies II      

 

Course Category
Course Teaser

About the Program

Program Objectives
•    To develop in students, an appreciation of actuarial methods, and of the links between the theory of the subject and their practical application in industry;
•    To develop in students, a logical, formal and quantitative approach to formulating and solving problems;
•    To provide a foundation of knowledge about the financial sector and risk management;
•    To provide students with a knowledge and skills base from which to develop further abilities to understand and analyse financial markets and institutions;
•    To develop all rounded actuarial professionals with good grounding in the mathematical and statistical approaches;
•    To provide enough academic training for students who wish to pursue postgraduate studies in actuarial science or other related areas.
•    To provide adequate knowledge for students to sit for the early professional examinations organized by international actuarial organizations