PROGRAM LEVEL
The Bachelor of Science in Actuarial Science is constructed on a multidisciplinary basis and it is designed to equip students with sufficient depth and breadth of knowledge and practical skills that are needed to meet the demand of actuaries in the local market. The demand of the program locally is enforced by the regulations of Central Bank of Bahrain (CBB) which requires insurance companies to establish an internal actuarial structure within their organization.
The Bachelor of Science in Actuarial Science consists of 133 credit hours distributed among specialized courses in actuarial science, mathematics and statistics as well as courses in economics, insurance, accounting, finance, and computer science. In addition, by the end of the third year, students are expected to enroll in an internship course for two months likely to be during summer to expose them to the work environment in the context of actuarial science. Furthermore, the program is placed at level 8 on the National Qualification Framework in the Kingdom of Bahrain in 2025.
The Bachelor of Science in Actuarial Science program prepares students to pass professional exams (in Probability, Financial Mathematics, Model for Life Contingencies, Model for Financial Economics, Construction and Evaluation of Actuarial Models) offered and organized by the Society of Actuaries (SOA). Moreover, the curriculum is built to fulfill the requirements of Validation by Educational Experience (VEE) set by SOA in the topics of economics, applied statistics and corporate.
ABOUT THE PROGRAM
DETAILED STUDY PLAN
- Press here to download the Academic Plan of the program 2024 (PDF, 1.0 MB , 19 Pages)
- Press here to download the Academic Plan of the program 2018 Â Â (PDF, 0.7 MB , 14 Pages)
PROGRAM OBJECTIVES
- Work successfully as an actuary in a variety of career fields such as investment institutions, insurance companies (Conventional or Takaful), pension funds, healthcare funds, population monitoring agencies, marketing organizations, and government agencies.
- Pursue graduate studies in actuarial-science related fields.
- Pass the professional exams provided by the Society of Actuaries.
- Use knowledge and skills of actuarial science effectively to enhance the society development.
PROGRAM INTENDED LEARNING OUTCOMES
- Explain concepts of various fields related to actuarial science such as mathematics, statistics, economics, finance, and accounting.
- Formulate practical problems in actuarial terms and design an appropriate actuarial model to its solution.
- Apply critical thinking to make decisions in situations involving risk and uncertainty.
- Conduct quantitative risk analysis to identify consequences of an event in actuarial profession.
- Use software packages and information technologies to solve practical problems in actuarial profession.
- Complete tasks effectively by working independently and collaboratively.
- Communicate effectively (orally and written) in practice to convey actuarial ideas.
- Integrate ethics, responsibility, legal and social issues within professional practice.
- Conduct actuarial science related research to track recent developments.
- Pursue long-life learning through continuous professional development.
