UiTM’s Actuarial Science degree gains the highest accreditation from IFoA, UK

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Universiti Teknologi MARA (UiTM) was the first university in Malaysia to offer a degree program in Actuarial Science in 1996. Today, the Centre for Actuarial Studies has successfully produced thousands of graduates who are sought after in the industry. Holding a graduate employability (GE) rate of more than 90% in 2017, most of the graduates are mainly working in the insurance and banking sectors. Recently, on 7th November 2019, the Bachelor of Science (Hons) in Actuarial Science achieved another milestone when it got accreditation by the Institute and Faculty of Actuaries (IFoA), United Kingdom.

This recognition provides students who graduate in BSc (Hons) in Actuarial Science from UiTM to get professional exemptions on a few subjects such as Actuarial Statistics, Actuarial Mathematics, Business Finance and Business Economics based on the IFoA new curriculum effective March 2020 intake.

We can proudly say that UiTM is the first public university in Malaysia which has received the highest number of exemptions for actuarial science professional papers. The faculty is currently working hard to get the exemption for one more module, Actuarial Statistics. It is their hope to get full accreditation by IFoA before semester March 2020 commences. 

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Prepared by : Sarah Nadirah Mohd Johari, Centre for Actuarial Studies, UiTM

Edited by : Assoc.Prof Dr.Geetha Subramaniam, Fellow InQKA, UiTM