Actuarial Science and Insurance
The Faculty of Actuarial Science and Insurance is one of the leading academic actuarial departments in the world, with highly respected degree courses and research.
About the Faculty of Actuarial Science and Insurance
The Faculty comprises 29 staff, including 13 qualified actuaries involved in the teaching of undergraduate and postgraduate degrees covering a large proportion of the professional Actuarial qualifications.
The Faculty of Actuarial Science and Insurance makes use of its position close to the heart of the City of London to enhance its research, teaching and external profile. Its research considers a range of theoretical and applied issues in pensions, life and general insurance, and health care. Particular avenues of research include insurance solvency, mortality and longevity modelling, risk management, pricing in competitive markets, dependence between risks, the impact of fair value accounting on insurance and the funding of social care.
History of the Faculty
The actuarial presence at City started in the early 1970s and was one of the first of such groups in the country. In 1974, City introduced a three year BSc Honours Degree in Actuarial Science, with the support of the insurance companies and the actuarial profession. Since then, this course has become very successful, the current intake being about 70 undergraduates with an average GCE A-level attainment in excess of approximately AAA. Students taking the degree get the opportunity to earn exemptions from the early professional Actuarial examinations (CM1, CM2, CS1,CS2, CB1 and CB2). The same exemptions students can earn alternatively from the MSc in Actuarial Science.
In 1997 the MSc in Actuarial Management was introduced to give students the opportunity to earn exemptions from many of the later professional subjects.
In 2002 the Department of Actuarial Science and Statistics left the School of Mathematics and became one of the Faculties making up Cass Business School, formerly called City University Business School.