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City, University of London

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City, University of London

Actuarial Science

The Faculty of Actuarial Science and Insurance is one of the leading academic actuarial departments in the world, with highly respected degree courses and research. It comprises 29 staff, including 8 qualified actuaries. The Faculty makes use of its position close to the heart of the City of London to enhance its research, teaching and external profile.

Its research considers a range of theoretical and applied issues in pensions, life and general insurance, and health care. Particular avenues of research include insurance solvency, mortality and longevity modelling, risk management, pricing in competitive markets, dependency between risks, the impact of fair value accounting on insurance and the funding of social care.

Entry requirements

MSc: A UK upper second class degree or above, or the equivalent from an overseas institution, in a highly quantitative programme such as mathematics or statistics is required to enter this course

Course modules

Term 1.
Financial Mathematics (CT1) compulsory subject unless you hold a prior exemption;
Finance and Financial Reporting (CT2);
Probability and Mathematical Statistics (CT3) compulsory subject unless you hold a prior exemption;
Business Economics (CT7);
Research Methods for Actuarial Professionals;
Term 2.
Modelling (CT4);
Contingencies (CT5) compulsory subject unless you hold a prior exemption;
Statistical Methods (CT6);
Financial Economics (CT8).
Term 3
Students have the option of studying five specialised electives in Term 3 to give them a breadth of subject matter. Alternatively, if students would like to study one particular area of interest in depth, they have the option of either taking one elective and completing a Business Research Project (BRP), which in some cases may be completed in partnership with a sponsoring organisation, or three electives and completing an Applied Research Project (ARP).
The BRP will be of approximately 10,000 words. The BRP offers an opportunity to specialise in a contemporary topic in actuarial science or finance related to students' future careers. The BRP should be based on independent research. Students are encouraged from the start of the course to think about a topic for their BRP. A member of academic staff, allocated on the basis of the student's project proposal, supervises the BRP. Alternatively, the ARP will be of approximately 3,000-5,000 words. In this case, the topic is supplied by Cass faculty and initial guidance is offered but no formal supervision. BRP or ARP must be completed and submitted by the end of August.

Assessment methods

Assessment of modules on the MSc in Actuarial Science, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, classwork, unseen tests and problem sets. Please note that any group work may include an element of peer assessment.


Qualification Study mode Start month Fee Fee locale Course duration
MSc Full-time September 2019 1 Years

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