72
Information Session B.Sc in Acturial Science Department of Mathematics [email protected] Dr. Abdulla Eid Coordinator of the actuarial science program 10.12.2018 Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 1 / 14

Information Session B.Sc in Acturial Science Department of ... · B.Sc in Acturial Science Department of Mathematics [email protected] Dr. Abdulla Eid Coordinator of the actuarial

  • Upload
    others

  • View
    8

  • Download
    1

Embed Size (px)

Citation preview

Information SessionB.Sc in Acturial Science

Department of [email protected]

Dr. Abdulla Eid

Coordinator of the actuarial science program

10.12.2018

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 1 / 14

Table of Contents:

1 Actuarial Science and an Actuary.

2 The B.Sc in Actuarial Science.

3 Requirements.

4 Admission Criteria.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 2 / 14

Table of Contents:

1 Actuarial Science and an Actuary.

2 The B.Sc in Actuarial Science.

3 Requirements.

4 Admission Criteria.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 2 / 14

Table of Contents:

1 Actuarial Science and an Actuary.

2 The B.Sc in Actuarial Science.

3 Requirements.

4 Admission Criteria.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 2 / 14

Table of Contents:

1 Actuarial Science and an Actuary.

2 The B.Sc in Actuarial Science.

3 Requirements.

4 Admission Criteria.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 2 / 14

Table of Contents:

1 Actuarial Science and an Actuary.

2 The B.Sc in Actuarial Science.

3 Requirements.

4 Admission Criteria.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 2 / 14

Table of Contents:

1 Actuarial Science and an Actuary.

2 The B.Sc in Actuarial Science.

3 Requirements.

4 Admission Criteria.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 2 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk.

Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?

He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuarial Science

Question: What is the actuarial science?

Actuarial science is the quantification of risk. Risk is everywhere, but thetrick to measure the risk using numbers in order to minimize it.

Question: What is an actuary?He is not a fortune teller, nor a superhero! He is a trusted advisorexperts in

Evaluating the likelihood of future events-using numbers, not crystalballs.

Designing creative ways to reduce the likelihood of undesirable events.

Decreasing the impact of undesirable events that do occur.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 3 / 14

Actuary, the Qs: How/What/Why

Questions:

How to be an actuary?

What does an actuary do?

Benefit of being an actuary?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 4 / 14

Actuary, the Qs: How/What/Why

Questions:

How to be an actuary?

What does an actuary do?

Benefit of being an actuary?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 4 / 14

Actuary, the Qs: How/What/Why

Questions:

How to be an actuary?

What does an actuary do?

Benefit of being an actuary?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 4 / 14

Actuary, the Qs: How/What/Why

Questions:

How to be an actuary?

What does an actuary do?

Benefit of being an actuary?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 4 / 14

Actuary, the Qs: How/What/Why

Questions:

How to be an actuary?

What does an actuary do?

Benefit of being an actuary?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 4 / 14

How to be an actuary

(optional, but important) Earn a degree in actuarial science.

Pass the actuarial science professional exams offered by reputablesocieties like SOA (societies of actuaries, USA).

Once you pass these exams, you will be a fellow, which means your are acertified actuary.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 5 / 14

How to be an actuary

(optional, but important)

Earn a degree in actuarial science.

Pass the actuarial science professional exams offered by reputablesocieties like SOA (societies of actuaries, USA).

Once you pass these exams, you will be a fellow, which means your are acertified actuary.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 5 / 14

How to be an actuary

(optional, but important) Earn a degree in actuarial science.

Pass the actuarial science professional exams offered by reputablesocieties like SOA (societies of actuaries, USA).

Once you pass these exams, you will be a fellow, which means your are acertified actuary.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 5 / 14

How to be an actuary

(optional, but important) Earn a degree in actuarial science.

Pass the actuarial science professional exams offered by reputablesocieties like SOA (societies of actuaries, USA).

Once you pass these exams, you will be a fellow,

which means your are acertified actuary.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 5 / 14

How to be an actuary

(optional, but important) Earn a degree in actuarial science.

Pass the actuarial science professional exams offered by reputablesocieties like SOA (societies of actuaries, USA).

Once you pass these exams, you will be a fellow, which means your are acertified actuary.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 5 / 14

Insurance Sector, What does an actuary mainly do?

How does the insurance sector work?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 6 / 14

Insurance Sector, What does an actuary mainly do?How does the insurance sector work?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 6 / 14

Insurance Sector, What does an actuary mainly do?How does the insurance sector work?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 6 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.

Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.

Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim =

300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 =

60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =

60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000=

60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Mini example

Example 1

ABC Insurance Company insures 1, 000 eighteen year old drivers.Assume300 of the 1, 000 have accidents within a year.Assume the average repaircost for each accident is 200 BD.

What is the minimum premium that ABC should charge an 18–year old fora 1-year car insurance policy?

Solution:

Total Claim = 300 × 200 = 60000 BD

Premium =60000

1000= 60 BD each

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 7 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Benefit of being an actuary

Top ranked job No matter the source, actuary is consistently rated as oneof the best jobs (US News and World Report, the JobsRated Almanac, CNN Money, etc.)

Great salary

Job secruity

Life in balance Low stress and will keep after work life in balance.

Make an impact

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 8 / 14

Actuarial Science in Bahrain

Central bank of Bahrain (CBB) regulations.

Mandatory health insurance.

Pension Funds.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 9 / 14

Actuarial Science in Bahrain

Central bank of Bahrain (CBB) regulations.

Mandatory health insurance.

Pension Funds.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 9 / 14

Actuarial Science in Bahrain

Central bank of Bahrain (CBB) regulations.

Mandatory health insurance.

Pension Funds.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 9 / 14

Actuarial Science in Bahrain

Central bank of Bahrain (CBB) regulations.

Mandatory health insurance.

Pension Funds.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 9 / 14

Actuarial Science in Bahrain

Central bank of Bahrain (CBB) regulations.

Mandatory health insurance.

Pension Funds.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 9 / 14

B.Sc in actuarial science at the University of Bahrain

B.Sc. in actuarial science in a new bachelor program offered this yearby the department of mathematics.

It is a interdisciplinary major between several fields like mathematics,statistics, finance, and insurance.

It consists of 6 courses in actuarial science, 5 courses in mathematics,5 courses in statistics, and 7 in business administration college.

It consists of a total 128 credit hours including a summer internship.

Courses are designed to prepare the students to pass the actuarialscience professional exams and to fulfill the VEE requirements by theSOA.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 10 / 14

B.Sc in actuarial science at the University of Bahrain

B.Sc. in actuarial science in a new bachelor program offered this yearby the department of mathematics.

It is a interdisciplinary major between several fields like mathematics,statistics, finance, and insurance.

It consists of 6 courses in actuarial science, 5 courses in mathematics,5 courses in statistics, and 7 in business administration college.

It consists of a total 128 credit hours including a summer internship.

Courses are designed to prepare the students to pass the actuarialscience professional exams and to fulfill the VEE requirements by theSOA.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 10 / 14

B.Sc in actuarial science at the University of Bahrain

B.Sc. in actuarial science in a new bachelor program offered this yearby the department of mathematics.

It is a interdisciplinary major between several fields like mathematics,statistics, finance, and insurance.

It consists of 6 courses in actuarial science, 5 courses in mathematics,5 courses in statistics, and 7 in business administration college.

It consists of a total 128 credit hours including a summer internship.

Courses are designed to prepare the students to pass the actuarialscience professional exams and to fulfill the VEE requirements by theSOA.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 10 / 14

B.Sc in actuarial science at the University of Bahrain

B.Sc. in actuarial science in a new bachelor program offered this yearby the department of mathematics.

It is a interdisciplinary major between several fields like mathematics,statistics, finance, and insurance.

It consists of 6 courses in actuarial science, 5 courses in mathematics,5 courses in statistics, and 7 in business administration college.

It consists of a total 128 credit hours including a summer internship.

Courses are designed to prepare the students to pass the actuarialscience professional exams and to fulfill the VEE requirements by theSOA.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 10 / 14

B.Sc in actuarial science at the University of Bahrain

B.Sc. in actuarial science in a new bachelor program offered this yearby the department of mathematics.

It is a interdisciplinary major between several fields like mathematics,statistics, finance, and insurance.

It consists of 6 courses in actuarial science, 5 courses in mathematics,5 courses in statistics, and 7 in business administration college.

It consists of a total 128 credit hours including a summer internship.

Courses are designed to prepare the students to pass the actuarialscience professional exams and to fulfill the VEE requirements by theSOA.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 10 / 14

B.Sc in actuarial science at the University of Bahrain

B.Sc. in actuarial science in a new bachelor program offered this yearby the department of mathematics.

It is a interdisciplinary major between several fields like mathematics,statistics, finance, and insurance.

It consists of 6 courses in actuarial science, 5 courses in mathematics,5 courses in statistics, and 7 in business administration college.

It consists of a total 128 credit hours including a summer internship.

Courses are designed to prepare the students to pass the actuarialscience professional exams and to fulfill the VEE requirements by theSOA.

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 10 / 14

Mapping between the courses and the professional exams

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 11 / 14

Admission Criteria

In addition to the University admission criteria, students must meet thefollowing requirements to be enrolled in the Actuarial Science Program:

Passing the department interview.

Passing the department entrance exam.

To apply to the program, please submit to the department of mathematicsyour high school certificate or email it at [email protected]

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 12 / 14

Admission Criteria

In addition to the University admission criteria, students must meet thefollowing requirements to be enrolled in the Actuarial Science Program:

Passing the department interview.

Passing the department entrance exam.

To apply to the program, please submit to the department of mathematicsyour high school certificate or email it at [email protected]

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 12 / 14

Admission Criteria

In addition to the University admission criteria, students must meet thefollowing requirements to be enrolled in the Actuarial Science Program:

Passing the department interview.

Passing the department entrance exam.

To apply to the program, please submit to the department of mathematicsyour high school certificate or email it at [email protected]

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 12 / 14

Admission Criteria

In addition to the University admission criteria, students must meet thefollowing requirements to be enrolled in the Actuarial Science Program:

Passing the department interview.

Passing the department entrance exam.

To apply to the program, please submit to the department of mathematicsyour high school certificate or email it at [email protected]

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 12 / 14

Admission Criteria

In addition to the University admission criteria, students must meet thefollowing requirements to be enrolled in the Actuarial Science Program:

Passing the department interview.

Passing the department entrance exam.

To apply to the program, please submit to the department of mathematicsyour high school certificate or email it at [email protected]

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 12 / 14

Admission Criteria

In addition to the University admission criteria, students must meet thefollowing requirements to be enrolled in the Actuarial Science Program:

Passing the department interview.

Passing the department entrance exam.

To apply to the program, please submit to the department of mathematicsyour high school certificate or email it at [email protected]

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 12 / 14

Useful links

www.beanactuary.org

www.soa.org

http://www.uob.edu.bh/en/index.php/colleges/

college-of-science/mathematics/Actuarial-Science

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 13 / 14

Thank You

Any Questions?

Dr. Abdulla Eid (University of Bahrain) Actuarial Science 10.12.2018 14 / 14