Faculty of Environmental & Urban Change | YORK UNIVERSITY Bachelor of Arts Actuarial Science
Faculty of Environmental & Urban Change | YORK UNIVERSITY

Faculty of Environmental & Urban Change | YORK UNIVERSITY

Bachelor of Arts Actuarial Science

Toronto, Canada

BA

English

On-Campus

Key Summary

    About: The Bachelor of Arts in Actuarial Science provides a thorough understanding of risk analysis, statistics, and financial mathematics. This program aims to prepare students for a successful career in the actuarial profession by emphasizing practical applications and theoretical foundations.
    Career Outcomes: Graduates can pursue careers as actuaries, risk analysts, or consultants, working in insurance companies, banks, or government agencies. They may also consider roles in financial services or data analysis.

Actuarial Science is the area of mathematics that applies quantitative methods to assess risks in the insurance and finance industries. It became a formal discipline in the late 17th century, when the increased demand for such long-term insurance coverages as life insurances, annuities, and burials expense coverages emerged. Since then and for a long time, actuaries have been interested in studying the present monetary value of future obligations as well as the variability of these present values in the contexts of life and health insurance, property and casualty insurance, pension funds and social wealth-fare programs. Today actuaries are also being employed in the areas of enterprise risk management, and even in general finance and investment.

An actuary is a professional concerned with: the design and administration of insurance policies, pension plans, government welfare plans and similar programs. The main responsibility of actuaries is to ensure that these programs operate on a sound financial basis. To do this, they use many areas of mathematics and statistics, as well as general principles of economics and finance.