Actuarial science is a discipline that applies mathematics and statistics to analyze and manage risk, especially in the field of insurance, both life insurance and general insurance (including natural disaster insurance and reinsurance); pension fund; investment and banking. Even actuarial science can also be applied in risk management in other industries, such as agriculture, animal husbandry, fisheries, mining, and manufacturing. Actuarial science covers a variety of related disciplines, namely mathematics, statistics, opportunity theory, finance, economics, and computational science.
The aim of Actuarial Undergraduate Program graduates within 5 years after completing their studies are:
- progress in their careers by applying the principle of actuarial science in their organizations engaged in various sectors that require actuarial science, such as the financial industry, construction industry, mining industry, consultants and regulators in government;
- obtaining recognition as an Actuary from the Indonesian Actuary Association as well as from other international actuary associations;
- become a motor in their organization by applying and developing their knowledge skills, as well as communication and leadership;
- contribute to the formulation of strategic policies for community welfare based on high integrity and ethical values;
- actively involved in professional development activities such as professional certification and further study.
Expected outcomes of Actuarial Undergraduate Study Program are :
- have sufficient knowledge and insight in the field of mathematics with relatively deep understanding in the field of mathematics relating to actuarial and finance, and applying it to solving problems;
- able to determine premiums, determine technical reserves (reserve premiums and claims), and conduct valuations by applying statistics and mathematics;
- able to determine and manage financial portfolios;
- able to integrate actuarial models, financial sciences, economics and computing in designing and managing risks in the fields of insurance, pension funds, investment, and banking;
- has practical experience in actuarial science through internships, independent projects, or research;
- able to communicate effectively both verbally and in writing, work together in teams, be ethical, and behave professionally.
Structur Curriculum of Undergraduate Program in Actuarial Science can be seen here.