Actuarial Science Program (American University Program)

Actuarial Science is the study of uncertain future events and the use of mathematics, statistics and financial theory to measure the financial consequences

of risk. Actuaries work in all sectors of the economy, like insurance companies, banks and the government sector. Actuarial Science students are required to sit for a series of professional examination papers and fulfill practical training requirements via a North American professional actuarial body to obtain their professional certification. Outstanding INTI students have received scholarships from Drake University, the University of Nebraska-Lincoln and other universities to pursue a degree in Actuarial Science.

Students sit for a series of professional examinations in order to qualify as a Certified Actuary. The American Society of Actuaries (SOA) requires candidates to complete five examinations, an e-learning course, VEE validation and a professionalism seminar in order to become an Associate (ASA).

To become a Fellow (FSA), a candidate needs to successfully complete all requirements for ASA, 2 more examinations and 2 more modules based on their specialty track. The American Casualty Actuarial Society (CAS) requires a series of 9 examinations for certification as a Fellow.

The first 4 examinations of these 2 societies are identical.

For more information regarding professional examinations, log on to www.soa.org, www.casact.org or www.actuaries.org.my

US Universities

• Drake University

• Iowa State University

• Purdue University

• University of Central Oklahoma

• University of Illinois at Urbana-Champaign

• University of Iowa

• University of Nebraska, Lincoln

• University of Wisconsin-Eau Claire

• University of Wisconsin-Madison

Canadian Universities

• Acadia University

• University of Manitoba

• University of New Brunswick

• University of Waterloo

Basic Education High School (10 years of schooling)

Original Passport with validity of at least 12 months

Original High school certificates and transcripts

English Language requirement:

Student who failed to obtain a credit in SPM/O-Levels/UEC English or IELTS band below 5.5 are required to sit for English Placement Test (EPT). Failing to pass

EPT, student is required to take ENL099 (Fundamentals of Writing) and up to 2 MPU courses upon advice from Head of Program. Student is required to pass ENL099 before enrolling for AUP courses. ENL099 credits will not be counted for credit transfer.

One of the following examinations or their equivalents:

SPM / O-LEVEL: Pass with 5 credits

Unified Examination Certificate (UEC) : 5Bs

STPM / A-LEVEL:

2 Passes or CGPA 2.0

FOUNDATION:

Having successfully completed recognised Foundation Program

SACE INTERNATIONAL:

(formerly known as South Australian Matriculation - SAM)

5 subjects with ATAR of 55 (equivalent to TER of 55)

HIGH SCHOOL CERTIFICATE (HSC): Minimum 10 units with ATAR 55, no subjects below 50

CANADIAN PRE-UNIVERSITY: Pass 6 subjects with average 55

AUSTRALIAN YEAR 12: Average 55

NEW SOUTH WALES HIGHER SCHOOL CERTIFICATE:

Pass in 5 subjects

DIPLOMA:

Having successfully completed recognised Diplomas with CGPA 2.0

Actuary or Insurance underwriters can enter the following organisations: Insurance industry, Government agencies, and consulting firms.