Actuarial science, used in the insurance and reinsurance industries, is the practice of using statistical information to determine rates and rating methods, and evaluate insurance company reserves. Actuaries, particularly Bermudian actuaries, are very much in demand in Bermuda’s growing insurance and reinsurance industries.
Bermuda College, with the support of ACE Insurance and the ACE Foundation, has developed this programme for students wishing to enter the actuarial field. The programme provides a solid foundation for further study abroad in preparation for the rigorous series of examinations that lead to membership in the profession. The programme has a strong mathematical base, and includes an introductory course in Actuarial Science.
Students wishing to complete this degree in two years should expect to take MAT 1105/MAT 1141 during the summer prior to their freshman year.
Since the requirements of four-year institutions vary widely, it is essential that the programme outlined in the catalogue of the student’s college of choice, be followed as closely as possible.
Actuaries work in many different types of settings including the following:
• Insurance Industry
• Healthcare fields
• Retirement Planning fields
• Finance and Investment
• Software Development services
• Data Processing services
• Management
• Human Resource Consulting |