The program draws together a variety of subjects that involve applying mathematical and statistical techniques in the financial world. It is designed to pave the way for students wishing to enter a career as an actuary. Students will be prepared for professional exams that lead to recognized actuary status or specialist in the financial risk and insurance industries.

The Society of Actuaries (S.O.A.), USA, Casualty Actuarial Society (C.A.S.), USA, and Canadian Institute of Actuaries (C.I.A.) conduct actuarial professional exams leading to professional designations such as Fellow of the Society of Actuaries (F.S.A.), Chartered Enterprise Risk Analyst (C.E.R.A.), Fellow of the Casualty Actuarial Society (F.C.A.S.) and Fellow of the Canadian Institute of Actuaries (F.C.I.A.).

Our program also provides exemptions for 3 papers (VEE) from the professional bodies on condition that the student scores at least B- (or equivalent grade) in the designated subjects offered in the programme.

The Associateship of the Malaysian Insurance Institute (A.M.I.I.) is an alternative professional qualification for students to consider. There is an accelerated pathway to this professional qualification, via our BSc (Hons) in Actuarial Studies programme. Students are eligible for exemptions of up to 11 AMII modules (out of 14 AMII modules), with the possibility of completing the remaining modules within the 3-year degree. This is an exclusive opportunity for the students to obtain a Bachelor’s Degree and professional qualification upon graduation.


January, March & August


3 Years (full-time)

Career Prospects

  • Chief Actuary in Life / Health / Property / Casualty Insurance
  • Chief Executive Officer
  • Financial Risk Manager
  • Actuarial Reserving Analyst
  • Chief Financial Officer
  • Catastrophe Risk Analyst
  • Consulting Actuary
  • Underwriting Auditor
  • Actuarial Pricing and Risk Analyst
  • Pension / Retirement Plan Actuary


  • Principles of Financial Accounting
  • Introductory Economics
  • Programming Principles
  • Calculus
  • Linear Algebra & Applications
  • English for Business
  • Principles of Business Finance
  • Introduction to Probability
  • Advanced Calculus
  • Theory of Interest
  • Derivative Securities I
  • Life Contingencies I
  • Introduction to Statistics
  • Financial Management
  • Communication Skills
  • Derivative Securities II
  • Life Contingencies II
  • Mathematical Methods
  • Risk Theory
  • Simulation & Credibility Theory
  • Survival Models
  • Ratemaking & Loss Reserving for General Insurance
  • Internship
  • Business Ethics & Social Responsibilities
  • Financial Risk Management

Entry Requirement

  • STPM: Average C+ or CGPA 2.33 (minimum 2 Principals)
  • A Level: minimum 12 points
  • Australian Matriculation: ATAR 60
  • Canadian Matriculation: 60%
  • MUFY: 60%
  • Sunway Foundation in Arts: CGPA 2.0
  • Sunway Foundation in Science and Technology: CGPA 2.0
  • UEC: Maximum 26 points from 5 subjects (all Grade Bs)
  • IB: Completed with minimum 25 points (excluding bonus points)
Program taught in:
  • English (US)

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This course is Campus based
Start Date
Jan 2020
3 years
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Jan 2020
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