Actuaries evaluate and manage financial risk. They make financial sense of the future for their clients by applying advanced mathematical and statistical techniques to solve complex financial problems. Overview Qualifying as an actuary is a passport to a wide variety of careers in insurance companies, investments, pensions, health care and banking – not just in the UK, but throughout the world. Accreditation Our International Master’s programme is fully accredited by the Institute and Faculty of Actuaries. It is equivalent to the conversion MSc in Actuarial Science followed by the one-year MSc in Applied Actuarial Science. The International Master's in Applied Actuarial Science programme provides a fast-track route to qualifying as an actuary. Students who achieve a high enough overall mark in this programme can obtain exemptions from professional examinations. Specifically, in the first year of the programme, depending on the modules chosen, students may be eligible to gain exemptions from subjects CB1, CB2, CM1, CM2, CS1 and CS2 of the Institute and Faculty of Actuaries. In the final year of the programme, depending on the modules chosen, students are eligible to gain exemptions from subjects CP1, CP2, CP3, SP2, SP5, SP7, SP8 and SP9 of the Institute and Faculty of Actuaries. As one of the few universities to offer actuarial science in the UK, Kent’s programme is recognised for its strong mix of theoretical and practical expertise. The teaching staff include many actuaries drawn from professional practice, along with specialised researchers. About the Centre for Actuarial Science, Risk and Investment In 2010, the Centre for Actuarial Science, Risk and Investment (CASRI) was set up within the School of Mathematics, Statistics and Actuarial Science to reflect the widening scope of the teaching and research of the staff. Within CASRI, research in actuarial science can be broadly classified into the following three themes: economic capital and financial risk management, longevity risk modelling, and public policy aspects of insurance risk classification. This achieves a balance between theoretical and applied investigations, as well as addressing social policy implications. The group has a deep and long-standing association with the Institute and Faculty of Actuaries, as well as with other educational institutions worldwide.
The course is based on a ‘core modules plus options’ structure and exemptions can be gained from professional examinations. Progression to Stage 2 is conditional upon satisfactory performance in Stage 1. MSc degree classification is based solely on the marks achieved in the second year of study. The following modules are indicative of those offered on this programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. Most programmes will require you to study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you. Compulsory modules currently include: MACT9210 - Actuarial Risk Management 1 (30 credits) MACT9220 - Actuarial Risk Management 2 (30 credits) MACT9530 - Communications (15 credits) WMATH016 - Introduction to Excel (0 credits) Optional modules may include: MACT9090 - Enterprise Risk Management (30 credits) MACT9120 - Life Insurance (30 credits) MACT9150 - Finance and Investment (30 credits) MACT9170 - General Insurance Reserving and Capital Modelling (30 credits) MACT9420 - Data Science with R (15 credits) All students can also take the following non-contributory optional module: WMATH015 - SMSAS Industrial Practise Masters (0 credits)
Assessment is a combination of coursework and written examinations.
How to apply
Please see our International Student website for entry requirements by country and other relevant information. Due to visa restrictions, students who require a student visa to study cannot study part-time unless undertaking a distance or blended-learning programme with no on-campus provision. The University requires all non-native speakers of English to reach a minimum standard of proficiency in written and spoken English before beginning a postgraduate degree. Certain subjects require a higher level. For detailed information see our English language requirements web pages. If you are required to meet an English language condition, we offer a number of pre-sessional courses in English for Academic Purposes through Kent International Pathways.
A first or upper second class degree in mathematics, statistics or economics (although other subjects with a high mathematical content are acceptable). All applicants are considered on an individual basis and additional qualifications, professional qualifications and relevant experience may also be taken into account when considering applications.
Fees and funding
No fee information has been provided for this course
Additional fee information
University of Kent
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School of Mathematics, Statistics and Actuarial Science
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