3 October 2011
The Institute and Faculty of Actuaries has announced that it has approved accreditation for the BSc Actuarial Science course at Hong Kong University.
This is the first programme to be accredited in Asia and is an important milestone in the Profession’s programme of international activities.
The accreditation will mean that students who graduate with this degree with the required marks in specified subjects will then be exempt from some of the Institute and Faculty of Actuaries’ exams as they begin the journey towards qualifying as an actuary.
Hong Kong University has just been rated 22nd best university in the world as well as number one university in Asia by the QS World University Rankings..It has a very strong academic pedigree and successful students from the programme are highly sought after for actuarial roles.
Trevor Watkins, Director of Education for the Actuarial Profession, said:
‘We are very pleased to have developed an accreditation relationship with Hong Kong University. As the leading university in Asia, we are proud to be associated with such a prestigious institution and we are looking forward to welcoming graduates from this course as student members of the Institute and Faculty of Actuaries”
Professor Hailiang Yang of the Department of Statistics and Actuarial Science at Hong Kong University said:
“We are very happy that the Institute and Faculty of Actuaries has accredited our course. The accreditation helps us further promoting the actuarial science programme, and I believe that more graduates from the University of Hong Kong will go on to join the Institute and Faculty of Actuaries as they work towards full qualification as an actuary.”
ENDS
Enquiries: Tel. Michael Scanlan on 020 7632 1453 or email michael.scanlan@actuaries.org.uk
Notes for editors
- Actuaries provide commercial, financial and prudential advice on the management of a business’s assets and liabilities, especially where long term management and planning are critical to the success of any business venture. They also advise individuals, and advise on social and public interest issues.
- Members of the Profession have a statutory role in the supervision of pension funds and life insurance companies. They also have a statutory role to provide actuarial opinions for managing agents at Lloyd’s.
- The Profession is governed by the Institute and Faculty of Actuaries. A rigorous examination system is supported by a programme of continuing professional development and a professional code of conduct supports high standards reflecting the significant role of the Profession in society.
- The Profession is available to provide expert comment to the media on a range of actuarial- related issues, including enterprise risk management, finance and investment, general insurance, health and care, life assurance, mortality, and pensions.
Follow us on Twitter @actuarynews