There are several universities in Canada that offer Actuarial Science. As listed, below the universities:
The University of Calgary offers a minor, major, and honours degree program in actuarial science. The required courses cover most of the material for the associateship examinations of the Society of Actuaries and Casualty Actuarial Society. A co-operative education degree program in actuarial science is also available, allowing students to supplement their classroom experience with 16 to 20 months of work terms in the actuarial industry. Students can combine an actuarial program with a second degree program in commerce, economics, or statistics. Instruction in commerce is provided by the Faculty of Management, which also houses Canada’s first English university-level specialization and chair in insurance and risk management. Courses offered by the Insurance and Risk Management Faculty cover many of the senior associateship and fellowship examination topics.
Dr. R.S. Ambagaspitiya
Department of Mathematics and Statistics
The Department of Mathematics and Statistics offers BA and BSc specialization or honours programs in Actuarial Mathematics as well as BA and BSc specialization programs in Actuarial Mathematics/Finance, both in a regular or co-op format. The programs prepare students for the examinations of the Society of Actuaries—Exams P, FM, MFE, MLC—and the Casualty Actuarial Society’s Exams 1, 2, 3F, LC, ST, 4, and S. Graduate studies in Actuarial Mathematics at the MA, MSc, and PhD level are also offered.
Ewa Duma, Director, Actuarial Mathematics Program, Department of Mathematics and Statistics, Concordia University
Tel: 514-848-2424 ext. 3064.
L’École d’actuariat de l’Université Laval offre des programmes de formation aux trois cycles d’étude. Ces programmes spécialisés en actuariat couvrent les différents champs d’expertise requis pour l’exercice de la profession et offrent la possibilité d’un stage de formation pratique en milieu de travail crédité et rémunéré. De plus, ces programmes représentent une excellente préparation pour la plupart des examens professionnels. L’École d’actuariat est reconnue aux fins du programme d’exemption universitaire de l’Institut canadien des actuaires et est titulaire de la mention Center of Actuarial Excellence de la Society of Actuaries. L’École d’actuariat : des diplômes dont la réputation dépasse nos frontières, avec des finissants œuvrant sur les 5 continents.
Mme Isabelle Larouche, directrice du programme de baccalauréat en actuariat
Mme Hélène Cossette, directrice des programmes de 2ième et 3ième cycle en actuariat
Tél. : 418-656-2131
Téléc. : 418-656-3128
Site Web : http://www.act.ulaval.ca
Students can obtain Honours Science of Commerce degrees in actuarial studies through any of three undergraduate degree programs. All programs expose students to mathematics, statistics, economics, finance, accounting, and numerous actuarial courses. Graduates are equipped to attempt the first five examinations of the Society of Actuaries, and all three Validation of Education Experience (VEE) courses.
Xuemiao Hao, Acting Director, Warren Centre for Actuarial Studies and Research
Email: [email protected]
The Department of Mathematics and Statistics at McMaster University offers a four-year honours BSc in Actuarial and Financial Mathematics. The program is also available with a co-op option beginning in the third year. The co-op option features two eight-month work terms, which adds an additional year to a student’s required time for completion.
The university has courses accredited for all three of the VEEs and covering the syllabus of the first four actuarial exams. The program draws from the department’s research groups in statistics and financial mathematics.
Dr. David Lozinski
Department of Mathematics and Statistics, McMaster University, Hamilton, Ontario L8S 4K1
Tel: 905-525-9140 ext. 27034
L’orientation actuariat du programme de BSc spécialisé en mathématiques vise à donner une formation générale en mathématiques à l’étudiant et à le préparer aux examens de la Society of Actuaries et de la Casualty Actuarial Society. Des cours en démographie, sciences économiques, administration, droit des assurances et informatique compléteront sa formation. Une version de type coopératif avec quatre stages en milieu de travail est offerte.
Claudia Gagné, Professeure adjointe de formation pratique en actuariat
Tél : 514-343-6240
Téléc : 514-343-5700
New Brunswick in Fredericton
The University of New Brunswick (UNB) in Fredericton offers a Certificate in Actuarial Studies which is given to students in any major who:
- a) Complete all five VEE courses; and
b) Take courses that partially prepare them for Exams P, FM, and MLC.
The certificate is not a degree program, but is intended to encourage students to start thinking as early as possible about preparing for the first few actuarial exams. It is not aiming for exam equivalence at this stage, but it has produced students who have obtained positions at actuarial and consulting firms.
While the certificate program is only intended for UNB undergraduates at present, it was specifically designed to be open to all mathematically-talented students regardless of their major.
For more details, contact Jeff Picka, department of mathematics and statistics.
Students in any of the honours bachelor of science programs in mathematics and statistics may take courses within these programs, which will prepare them for most of the materials in the exams of the Society of Actuaries, up to and including course 150. Some of these courses are specifically designed for actuarial studies, although there is no separate actuarial studies program.
Dr. Malcolm Griffin, Department of Mathematics and Statistics
Tel: 613-545-2438 or 545-2390
The Department of Mathematics and Statistics is the largest department in the faculty of science at the University of Regina, and offers degrees in mathematics and statistics both at the undergraduate and graduate levels. The department has offered a program in actuarial science since September 2000. Interested students begin this program in their first year. There are also courses offered online. The department strives to make it possible for students to transfer in or out of the actuarial science program in the first or second year. Successful students graduate with a Bachelor of Science degree in actuarial science. The actuarial science program provides a strong statistical and mathematical background in preparation for (most of) the required associateship courses of the Society of Actuaries and the Casualty Actuarial Society. The program allows for optional courses from other related disciplines, such as administration, economics, computer science, mathematics, and statistics.
Douglas Farenick, Professor & Head
Department Mathematics and Statistics
University of Regina, Regina, Saskatchewan S4S 0A2
Simon Fraser University*
The Statistics and Actuarial Science Department at Simon Fraser University offers major and honours degrees in actuarial science. These programs include actuarial, mathematics, statistics, business, and economics courses and prepare students to attempt the first four courses of the Society of Actuaries and part of the fifth and sixth courses. There is also a certificate program in actuarial mathematics that is designed to assist graduates from non-actuarial fields.
Dr. Gary Parker, Actuarial Program Coordinator
Students who enrol in the four-year Specialist Program in Actuarial Science are prepared to write Exam P (CAS Exam 1). By the end of their second year, students will have taken courses to earn credit for Exam FM (CAS Exam 2). At the end of their fourth year, students will have taken courses to earn credit for Exams MLC (CAS Exam 3L), MFE (CAS Exam 3F), and C (CAS Exam 4). In addition, there are courses in the program related to material in some specialty fellowship exams.
Vicki Zhang, ACIA, FSA, CERA, MSc.
Department of Statistical Science
UQAM (Université du Québec à Montréal)*
Le baccalauréat en actuariat de l’Université du Québec à Montréal offre une formation reconnue comme Centre Actuariel d’Excellence (CAE) par la Society of Actuaries (SOA). L’UQAM fait partie du programme d’agrément universitaire de l’ICA en plus d’être reconnue comme un Centre Actuariel d’Excellence par la Society of Actuaries. Cette formation prépare notamment aux examens préliminaires de la SOA, et est axée autant sur les aspects professionnels de l’actuariat que ses fondements théoriques.
- Jean-Philippe Boucher
Directeur du programme de premier cycle en actuariat
Tél : 514-987-3000, poste 2078
Téléc : 514-987-8935
Site Web: http://www.math.uqam.ca/actuariat/
The Department of Statistics and Actuarial Science at the University of Waterloo is home to one of the largest and most highly renowned actuarial science groups in North America. The program for the Bachelor of Mathematics with honours in actuarial science covers a wide range of courses, including full coverage of the material of the SOA/CAS courses 1-4, partial coverage of SOA courses 5, 6, and 8, and of CAS course 5. Many students graduate with four SOA passes, some with more. With eight actuaries on the faculty the range of courses offered is broad and extends beyond the SOA and CAS syllabi.
Candidates wishing to major in actuarial science should apply to the honours mathematics program in their first year. In the second year students are invited to declare their major.
Many students combine Actuarial Science in a double honours program with Statistics. Minors in Computer Science are also common.
The University also offers MMath and PhD programs in actuarial science.
Dr. Mary Hardy, Undergraduate Advisor
The Department of Statistical and Actuarial Sciences at Western University offers both honours specialization and major undergraduate programs in Actuarial Science. Students may also choose to combine an Actuarial Science major with another major such as Economics, Computer Science, and Mathematics, to name a few. Finally, in conjunction with the Ivey Business School, we offer a combined honours Actuarial Science/Honours Business Administration degree.
Our Actuarial Science programs include courses in math, actuarial sciences, statistics, financial modelling, mathematics, and economics, which cover topics tested on the preliminary Society of Actuaries (SOA) – P, FM, MFE, MLC, and C – and Casualty Actuarial Society (CAS) exams as well as some topics tested on later exams. Our programs also include courses that can be used to obtain SOA validation by educational experience (VEE) credit. Additionally, some courses included in our programs may be used towards CIA/CAS accreditation (via the University Accreditation Program) if the respective grade requirement is met.
We also offer a 12–16 month industry internship program and an exchange program with City University, London, UK.
Western also offers graduate degrees that specialize in Actuarial Science.
Mary Millard, MSc, FCIA, FSA
Tel: 519-661-2111, ext. 88224
University of Windsor
Students in the Bachelor of Mathematics programs at the University of Windsor may take courses in mathematics and statistics which will prepare them for exams P, FM, MLC, and all of the VEE requirements. Some of these courses are specifically designed for actuarial studies, although there is no separate undergraduate actuarial studies program.
In addition, the University of Windsor offers a professional Master of Actuarial Science program, which prepares students for exams P, FM, MFE, MLC, and C, as well as covering all of the VEE requirements.
Dr. Myron Hlynka, Department of Mathematics and Statistics
Tel: 519-253-3000 (ext. 3014)
Actuarial studies at York University are conducted in the framework of the Mathematics for Commerce Program at the Department of Mathematics and Statistics. Three distinct routes to obtaining a Bachelor diploma currently exist with the Specialized Honours Degree being most comprehensive and preparing the students to write the P and FM exams at the end of their second year, the MLC and MFE exams at the end of their third year, and the C exam at the end of their fourth (final) year. All the VEE requirements are also taught with the corresponding courses being approved by the SOA.
Dr. Edward Furman
Tel: 416-736-5250, ext 33768