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Certificate in Data Science

The IFoA is delighted to be working with the Southampton Data Science Academy to present a certificate in data science jointly accredited by the Web Science Institute at the University of Southampton. Booking for the April 2022 programme will open on 3 February 2022. Find out how you can register your interest below.

The management of large quantities of data presents a global challenge to many industries.  The tools and techniques which data science provides us with are helping to make sense of it.

Actuaries, by the nature of their work, are familiar with using data, but ensuring that they are familiar with some of these emerging techniques is increasingly important.

In addition, actuaries increasingly work alongside data scientists and will benefit from a better understanding of how they work.

The Certificate in Data Science is part of the IFoA’s lifelong learning agenda and is a significant step for the IFoA as we seek to provide opportunities for our Members to continually develop their skillset in a fast-moving, ever-changing business environment.

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How

This is a 10-week online programme. There will be eight weeks of learning with structured support for learners, followed by two weeks to complete the final programme assignment.  The estimated weekly study time commitment for the certificate is 8-10 hours.  This certificate has been designed to be taken anywhere in the world.

Who

The certificate is open to all our members - Fellows, Associates, Students, and Affiliates; whatever your background or experience in this area.  No prior knowledge of coding is required. 

What

The purpose of this certificate is to provide an introduction to the concepts, tools, and techniques used in data science, and their relevance within an actuarial context. The certificate will also introduce you to some of the technical tools used in data science. However, it is not intended to be a course on technical data science programming.

A key part of data science is understanding how it can be applied. The certificate will therefore blend both theory and practice to ensure that these techniques are understood in an actuarial context, with the use of case studies.

The programme

The programme is broken down into 6 manageable modules:

1: Introduction to data science, data management & processing

2: Data analysis + introduction to Machine Learning (ML)

3: Data Visualisation and Communication

4: Further Analysis and Artificial Intelligence

5: Good practice of Data Science, and responsible AI

6: Future directions

Learning outcomes

At the end of this programme you will be able to:

  • Understand core concepts in data science and how they relate to AI and ML.
  • Retrieve, process, and manage relevant data in a range of formats.
  • Analyse relevant datasets with state-of-the-art tools and techniques.
  • Identify opportunities to apply business solutions with the latest ML and AI technologies in an actuarial context.
  • Provide insights about the legal, ethical, and technical implications of using big data and AI in an actuarial context.
     

View the full syllabus
 

When

You can register your interest for programmes in our 2022/2023 schedule and we will update you nearer the time:

  • 29 September - 8 December 2022

 

Register your interest now

By completing the Expressions of Interest form you will be given priority booking and notified about the course you are interested in before a general notice is made that bookings are open to the wider membership.

Course cost and information

The cost is £1,450.00, which includes:

  • access to all materials
  • feedback following your first assignment
  • access to two group tutorials
  • assessment review

View the Candidate Information Pack on the Southampton Data Science Academy website.

Frequently Asked Questions (FAQs)

Read our FAQs to find out more about the Certificate in Data Science.
 

Find out more
 

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Start date
E.g., 23/06/2022
End date
E.g., 23/06/2022

Events calendar

  • CILA 2022

    23 May 2022 - 24 May 2022

    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.

  • Spaces available

    In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.

    The Business of the AGM

  • The IFoA Conference 2022

    133 Houndsditch, London EC3A 7BX and Online
    22 June 2022 - 23 June 2022
    Spaces available

    We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.

     

  • Spaces available

    This webinar will cover:

    • Some background on the risks of misselling in an ESG context, including the DWS case

    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

  • Spaces available

    This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on  the expected future changes. Through examining  the transformation, we will highlight how the sector is and can use actuarial  expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.