The purpose of the Actuarial Science program is to prepare students for an actuarial career. In today’s complex world, actuaries apply mathematical models to improve decisions making under uncertainty. While most actuaries work for insurance companies, the actuarial approach to model and manage risk has been widely adopted by other industries. The interdisciplinary coursework of the Certificate will cover the necessary quantitative foundations in probability theory and statistics, the basics of economics, loss models and risk management, as well as the institutional details of the insurance industry. The focus of the program is on analytical problem solving skills.
The Actuarial Science Program is a joint venture between the Risk Management and Insurance Program and the Departments of Mathematics and Statistics in the Franklin College. Most student resources of the Risk Management and Insurance Program are also available to actuarial science students.