Associate of Science (Actuarial Science)

Associate of Science (Actuarial Science)

Actuarial science, in the insurance and reinsurance industries, is the practice of using statistical information to determine rates and rating methods, and evaluating insurance company reserves. Actuaries, particularly Bermudian actuaries, are very much in demand in Bermuda’s insurance and reinsurance industries.

Bermuda College, with the support of Chubb and the Chubb 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.

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Programme Details

CURRICULUM TOTAL CREDITS: 64

Year 1 

First semester – 16 credits

CSC 1110 Learning Strategies for Student Success (1 Credit)
CIS 1125 Introduction to Computers and Information Technology (3 Credits)
ECO 1101 Principles of Microeconomics (3 Credits)
ENG 1111 Freshman Composition (3 Credits)
MAT 1141 Pre-Calculus (3 Credits)
Humanities (1100 or higher) course of your choice.* (3 Credits)

Second semester – 15 credits

ACC 1135 Accounting I (3 Credits)
CIS 1130 Data Management (3 Credits)
ECO 1102 Principles of Macroeconomics (3 Credits)
ENG 1112 or Literary Analysis or
ENG 1115 Writing for Professionals (3 Credits)
MAT 1152 Calculus I (3 Credits)

Year 2

First semester – 15 credits

Accounting, Mathematics, Management, Computer Information Systems, Insurance or
Law course of your choice.*† (3 Credits)
Accounting, Mathematics, Management, Computer Information Systems, Insurance or
Law course of your choice.*† (3 Credits)
MAT 2201 Calculus II (3 Credits)
MAT 2210 Linear Algebra (3 Credits)
MAT 2233 Statistics I (3 Credits)

Second semester – 18 credits

ASC 1101 Introduction to Actuarial Science (3 Credits)
Accounting, Mathematics, Management, Computer Information Systems, Insurance or
Law course of your choice.*† (3 Credits)
Accounting, Mathematics, Management, Computer Information Systems, Insurance or
Law course of your choice.*† (3 Credits)
MAT 2240 Elementary Differential Equations (3 Credits)
MAT 2220 Multivariable Calculus (3 Credits)
MAT 2234 Statistics II (3 Credits)

*Before one can be enrolled in any course one must satisfy the prerequisites.
†CIS 1120 cannot be used to fulfill this requirement.

Humanities, Social Sciences and Natural Science Options

Humanities

  • Art and Design
  • Art History
  • Education
  • Film
  • French
  • History
  • Music
  • Philosophy
  • Spanish
  • Religious Studies
  • English Literature at 2000 level


Social Sciences

  • Economics
  • Political Science
  • Psychology
  • Sociology
  • Social Work;
  • Earth & Environmental Studies at 2000 level


Natural Sciences

  • Biology
  • Chemistry
  • Earth & Environmental Studies
  • Physics

Credit Course Descriptions