Postgraduate Department of Actuarial Science

 Mar Athanasius College was the first college in Kerala to offer a postgraduate programme in Actuarial Science. The Department of Actuarial Science at M A College was established in 2012. Since its inception, the programme has evolved in size and academic accomplishments. The programme consists of four semesters, spread across two years. The programme includes the following core courses: Actuarial Statistics, Actuarial Mathematics, and Business. The core subjects and curriculum are aligned with industry requirements as well as the syllabi of professional actuarial associations. Academic excellence, application-based learning, and a forward-thinking vision have been the cornerstones of the department. The department is committed to providing students with an amicable learning environment that aids in their holistic development.

Our vision is to impart competencies necessary for actuarial professionals to develop solutions for complex financial issues

Offer a well-balanced academic programme that reinforces a firm grounding in the actuarial science discipline

Provide a learning environment that develops a comprehensive understanding of financial and risk-related issues.

Produce graduates with skills and abilities to recognize, measure, evaluate, and handle risk and uncertainty in order to make substantial contributions to the financial stability of individuals, organizations, and society.

Chairperson

Dr. E. S. Jeevanand
Associate Professor and Head,
Research Department of Mathematics,
Union Christian College, Aluva.

Experts (Outside University)

Mr. Kumar Sudheer Raj
Assistant Professor,
IIRM, Telangana

Mr. Anoop Michael
Head -Actuarial,
Allianz Services India,
Thiruvananthapuram.

Expert nominated by VC (M. G. Uty)

Dr. Anil Chandran S.
Head, Department of Demography,
Director in Charge, Population Research Centre,
University of Kerala, Trivandrum - 695581.

Member from Industry

Mr. Nibin Shah
Senior Manager, EY, Thiruvananthapuram,
Kerala

Meritorious Alumnus

Mr. Benz P Jose
Actuarial Analyst, Allianz Service India,
Thiruvananthapuram, Kerala

Other Members of the Department

Dr. Shalini Binu
Ms. Silla Mathew
Ms. Jisha Krishnan 

It has been a practice of the department since its inception to encourage and coach students to write actuarial papers conducted by the Institute of Actuaries of India (IAI) and the Institute and Faculty of Actuaries (IFoA), UK. During the pandemic, students had to adopt online learning. The pandemic resulted in Edutech organizations floating online courses that enabled students to access these courses from the comfort of their homes and on mobile phones. This opportunity was pursued, and thereafter, this became the second best practice and a part of the curriculum. The department made it mandatory for all the batches to register for a course in any data science tool such as Excel, VBA, R, Python, SQL, etc. The students are required to submit the course certificate upon completion.

The two best practices of the department are-

1. Students every year are encouraged and supported to write actuarial exams conducted by professional actuarial institutions.

2. Majority/all students have to mandatorily register and complete a technical course online from any online platform such as Coursera, Swayam, Udemy, Data camp etc.

 

1. BAYESIAN STATISTICS

https://youtu.be/XuHwL1um-3M

2. TERM STRUCTURE OF INTEREST RATES

https://youtu.be/8U_vTvKUWaA

 

It has been a practice of the department since its inception to encourage and coach students to write actuarial papers conducted by the Institute of Actuaries of India (IAI) and the Institute and Faculty of Actuaries (IFoA), UK. During the pandemic, students had to adopt online learning. The pandemic resulted in Edutech organizations floating online courses that enabled students to access these courses from the comfort of their homes and on mobile phones. This opportunity was pursued, and thereafter, this became the second best practice and a part of the curriculum. The department made it mandatory for all the batches to register for a course in any data science tool such as Excel, VBA, R, Python, SQL, etc. The students are required to submit the course certificate upon completion.

The two best practices of the department are-

1. Students every year are encouraged and supported to write actuarial exams conducted by professional actuarial institutions.

2. Majority/all students have to mandatorily register and complete a technical course online from any online platform such as Coursera, Swayam, Udemy, Data camp etc.

 

It has been a practice of the department since its inception to encourage and coach students to write actuarial papers conducted by the Institute of Actuaries of India (IAI) and the Institute and Faculty of Actuaries (IFoA), UK. During the pandemic, students had to adopt online learning. The pandemic resulted in Edutech organizations floating online courses that enabled students to access these courses from the comfort of their homes and on mobile phones. This opportunity was pursued, and thereafter, this became the second best practice and a part of the curriculum. The department made it mandatory for all the batches to register for a course in any data science tool such as Excel, VBA, R, Python, SQL, etc. The students are required to submit the course certificate upon completion.

The two best practices of the department are-

1. Students every year are encouraged and supported to write actuarial exams conducted by professional actuarial institutions.

2. Majority/all students have to mandatorily register and complete a technical course online from any online platform such as Coursera, Swayam, Udemy, Data camp etc.

 

It has been a practice of the department since its inception to encourage and coach students to write actuarial papers conducted by the Institute of Actuaries of India (IAI) and the Institute and Faculty of Actuaries (IFoA), UK. During the pandemic, students had to adopt online learning. The pandemic resulted in Edutech organizations floating online courses that enabled students to access these courses from the comfort of their homes and on mobile phones. This opportunity was pursued, and thereafter, this became the second best practice and a part of the curriculum. The department made it mandatory for all the batches to register for a course in any data science tool such as Excel, VBA, R, Python, SQL, etc. The students are required to submit the course certificate upon completion.

The two best practices of the department are-

1. Students every year are encouraged and supported to write actuarial exams conducted by professional actuarial institutions.

2. Majority/all students have to mandatorily register and complete a technical course online from any online platform such as Coursera, Swayam, Udemy, Data camp etc.

 

It has been a practice of the department since its inception to encourage and coach students to write actuarial papers conducted by the Institute of Actuaries of India (IAI) and the Institute and Faculty of Actuaries (IFoA), UK. During the pandemic, students had to adopt online learning. The pandemic resulted in Edutech organizations floating online courses that enabled students to access these courses from the comfort of their homes and on mobile phones. This opportunity was pursued, and thereafter, this became the second best practice and a part of the curriculum. The department made it mandatory for all the batches to register for a course in any data science tool such as Excel, VBA, R, Python, SQL, etc. The students are required to submit the course certificate upon completion.

The two best practices of the department are-

1. Students every year are encouraged and supported to write actuarial exams conducted by professional actuarial institutions.

2. Majority/all students have to mandatorily register and complete a technical course online from any online platform such as Coursera, Swayam, Udemy, Data camp etc.

 

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HOD’s Desk

    Actuarial Science is a discipline that uses mathematical and statistical methods in identifying, assessing, evaluating, and minimizing the risks and financial implications of uncertain events. Actuarial Science encompasses multiple disciplines, such as Mathematics, Statistics, Economics, and Finance. The interrelatedness and synergies of these disciplines help graduates synthesize ideas from many perspectives and develop feasible solutions to actuarial problems.

     The curriculum has been designed keeping in mind the industry requirements. The programme offers core and elective courses that develop and enhance discipline-specific competencies and employability skills of students. Our pedagogy emphasizes analytical reasoning, problem-based learning, critical thinking, and a balanced understanding of issues. In order to keep the students updated on the latest trends and developments in the actuarial field, the department regularly organizes seminars, workshops, and talks by industry experts and alumni.

   The department takes pride in our students’ achievements. Every year our students qualify for examinations conducted by the Institute of Actuaries of India (IAI), Institute and Faculty of Actuaries (IFoA), UK, and Insurance Institute of India (III). A comprehensive curriculum, novel teaching techniques, and active engagement with the industry prepare our students to secure promising career in a variety of sectors, including insurance, reinsurance, healthcare, investment, and banking. Our students have been able to secure placements in some of the leading actuarial and financial companies, such as AON Specialist Services, WNS Global Services Pvt. Ltd., AIG, E&Y, Chubb Business Services, Allianz Technologies, Kuwait Insurance Company, Omega Healthcare, Shriram Life Insurance Co. Ltd., TCS, Mashreq Global Services, Royal Bank of Scotland, South Indian Bank, etc.  The credit for these accomplishments is the result of tireless efforts by the past and present faculty members and the unwavering support of college management.

Dr. Shalini Binu

Head of the Department

Programme Offered

M. Sc Actuarial Science

Application Method:
Online

No of Intakes:
15

Eligibility:
B. Sc Statistics/Maths or B A Economics or Equivalent

Self financing or Aided:
Unaided

Phone:

Email:
actuarialscience@macollege.ac.in

Course Duration : 2 Years

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