Prospective Students: Actuarial Science Program

Welcome to the University of Toronto actuarial home page. If crawling around the Web got you here accidentally and you’d like to know more about actuarial science and the actuarial profession, here are a couple of links that you can try. One useful website to look at is Be An Actuary.


What is an Actuary?

Actuarial Science is based upon the application of mathematical techniques to reduce the impact of such hazards as loss of income through death, disability, or retirement, or loss of property through fire, accident, or theft. Actuaries are the chief architects of life, health, and property insurance plans, and pension plans, and bear the major responsibility for their financial soundness. By using concepts from the areas of probabilities and finance, actuaries model, forecast and value the costs of benefits that will be provided to the participants in such plans. Methods developed for modeling insurance risk can also be applied to modeling investment risk, and actuaries apply their expertise to the valuation of sophisticated investment vehicles such as options on equities, bonds and other investment derivatives. Courses in the U of Toronto Actuarial Science program are designed to help prepare students for a career as an actuary. There is one course for non-actuarial students, ACT230H1 – Mathematics of Finance for Non Actuaries is a course that would be of interest to a wide audience. This course covers basic financial topics that are of value to all students, since almost every student will from time to time be either a saver or a borrower and will be covered by insurance and pension plans. Other actuarial courses deal with more specialized topics, and are generally taken by students with a more serious interest in the field or who want to pursue a career as an actuary. Professional accreditation as an actuary is obtained via the Canadian Institute of Actuaries either by achieving certain minimum grades in specified courses in the actuarial program or by passing a series of examinations set by the Society of Actuaries or the Casualty Actuarial Society. Some professional requirements can be satisfied through courses in the actuarial program.

The Canadian Institute of Actuaries , the Society of Actuaries and the Casualty Actuarial Society are professional associations representing the actuarial profession.The University of Toronto Actuarial Science program is an accredited program under the Canadian Institute of Actuaries University Accreditation Program and is also recognized as a Centre of Actuarial Excellence under the Society of Actuaries Centre of Actuarial Excellence Program.

The Actuarial Students National Association (ASNA/ANEA) is a Canadian university student actuarial association that has many of Canada’s university actuarial programs as affiliate members. Those pages have links to many other actuarial pages on the web (some of which you’ll find below on this page).


Admission

Applicants to bachelor’s studies at the University of Toronto apply through the Enrollment Services.


Programs and Courses

Please refer to the course calendar link for more information about the Actuarial Science program and courses.

Enrolment in the U of T Actuarial Science Program

Students should apply to the Physical & Mathematical Science admission category on the St. George campus, for which six Grade 12 U or M courses, including English and Calculus and Vectors are required. Students outside of Ontario should have the equivalent senior high school credits. Students must take MAT137Y (Calculus!) and obtain a minimum grade of 65 and ECO100Y (Intro to Economics) and obtain a minimum grade of 70 in order enrol in the specialist or major program in actuarial science. Enrolment in the actuarial program generally occurs between 1st and 2nd year after the two required courses have been completed with the minimum required marks.


Student Associations

U of T Actuarial Science Student Club

There is a very active student club that organized many activities for students throughout the year. The student club invites all actuarial students to participate. Please visit the club homepage at http://uoftactsciclub.com/
In order to join the club e-mail list, send a blank email to
uoftactsci-subscribe@yahoogroups.com. The club e-mail address is uoftactsci@yahoo.ca .

ASNA

The Actuarial Students National Association (ASNA/ANEA) is a Canadian university student actuarial association that has many of Canada’s university actuarial programs as affiliate members. Those pages have links to many other actuarial pages on the web (some of which you’ll find below on this page).


Scholarships For Undergraduate Actuarial Students

There are a number of scholarships available for students enrolled in the actuarial science program. Information about these scholarships is available at Scholarships in Actuarial Science .


Some Additional Actuarial Links

Statistics Canada

Actuarial Discussion Forum at Actuary.com

Actuarial Discussion Forum at Actuarial Outpost

The WebMaestro who is responsible for maintaining this page would be happy to receive any comments, criticisms, commendations, recommendations, etc. that you care to transmit. Please send them to Sam Broverman (who in real life is sam@utstat.toronto.edu).


Enquiries:

100 St. George Street, Sidney Smith Hall, Room 6022 (416) 978-5136

Associate Chair for Undergraduate Studies (ACT):
Professor S. Broverman (416) 978-4453; e-mail: sam@utstat.utoronto.ca

 


 

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