Goal of the Programme
The overall goal of this programme is to prepare graduates/learners to meet the ever-increasing global demands for actuaries who are versatile, innovative and dynamic enough to cope with the pace of insurance evolution.
Expected Learning Outcomes of the programme
By the end of the programme the graduates should be able to:
- Design insurance products, valuation of financial contracts and modelling of mortality and morbidity.
- Interpret demographic and financial data to inform prudent decisions in national development.
- Apply the principles, methods and techniques of Actuarial Science.
- Carryout independent research in the field of actuarial science.
Admission Requirements
Candidates must satisfy the University's general admission criteria for undergraduate programmes. In addition, candidates must be eligible for consideration for admission into the degree of Bachelor of Science in Actuarial Science at the University by meeting the following minimum admission requirements:
i. Must have an aggregate grade of C+ (C PLUS) in K.C.S.E. (or equivalent examination) and a minimum grade of C+ (C PLUS) in Mathematics/Physics and C+ in English/Kiswahili.
ii. Be a holder of K.A.C.E certificate with a minimum of two principal passes and one subsidiary pass at A-Level, whereby one principal pass is either in
• Mathematics or
• Physics with credit pass in Mathematics at O-Level; or
iii. Must have at least a Credit Pass in Diploma in Actuarial Science, or a related Diploma from an institution recognized by the Senate, plus a minimum grade of C- (C Minus)
Grading System
Each course shall be graded out of a maximum of 100 marks and the pass mark for each course shall be 40 percent. Marks shall be translated into letter grades as follows:-
70 – 100% A
60 – 69% B
50 – 59% C
40 – 49% D
39 % and below F
Common Courses, Core Courses and Electives of the Programme
Year I (Compulsory Units)
Semester I
University Common Courses
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
CCS 101 |
Communication Skills |
45 |
0 |
45 |
|
CCS 103 |
HIV/AIDS |
45 |
0 |
45 |
|
TOTAL |
|
|
|
90 |
Faculty Courses
Year I (Compulsory Units)
Semester I
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|||
|
CCS 101 |
Communication Skills |
45 |
0 |
45 |
|
||
|
SSF 101 |
Principles of Micro economics |
45 |
0 |
45 |
|
||
|
CCS 103 |
HIV/AIDS |
45 |
0 |
45 |
|
||
|
SSA 101 |
Fundamentals of actuarial science |
45 |
0 |
45 |
|
||
|
SSA 103 |
Insurance and Actuarial Principles |
45 |
0 |
45 |
|
||
|
SSA 105 |
Computer Application |
9 |
36 |
45 |
|
||
|
SSA 107 |
Actuarial Discrete Mathematics |
45 |
0 |
45 |
|
||
|
TOTAL |
|
|
|
315 |
|
||
Semester II
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
|||
|
SSA 102 |
Fundamentals of Actuarial Mathematics I |
45 |
0 |
45 |
|
|||
|
SSA104 |
Actuarial Financial Accounts |
45 |
0 |
45 |
|
|||
|
CSC 112 |
Introduction to computer programming |
45 |
0 |
45 |
|
|||
|
STA 101 |
Introduction to Probability and Statistics |
45 |
0 |
45 |
|
|||
|
STA 122 |
Computational Methods and Data Analysis I |
30 |
15 |
45 |
|
|||
|
SSA 106 |
Actuarial Differential Calculus |
45 |
0 |
45 |
|
|||
|
SSF 102 |
Principles of Macro-economics |
45 |
0 |
45 |
|
|||
|
|
TOTAL |
|
|
|
315 |
|||
Year II (Compulsory Units)
Semester I
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 201 |
Financial Mathematics I |
45 |
0 |
45 |
|
SSA 203 |
Actuarial Insurance |
45 |
0 |
45 |
|
SIT 222 |
Information Systems Management |
45 |
0 |
45 |
|
SSA 205 |
Actuarial Integral Calculus |
45 |
0 |
45 |
|
SSA 207 |
Financial Time Series Analysis |
45 |
0 |
45 |
|
STA 201 |
Probability and Statistics I |
45 |
0 |
45 |
|
SSA 209 |
Linear Algebra |
45 |
0 |
45 |
|
TOTAL |
|
|
|
315 |
Semester II
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 202 |
Principles of Operation Research |
45 |
0 |
45 |
|
SSA 204 |
Linear Models and Forecasting |
45 |
0 |
45 |
|
SSA 206 |
Python Programming |
30 |
15 |
45 |
|
STA 224 |
Computational Methods and Data Analysis II |
30 |
15 |
45 |
|
SSA 208 |
Entrepreneurial Skills |
45 |
0 |
45 |
|
SMA 208 |
Ordinary Differential Equations |
45 |
0 |
45 |
|
TOTAL |
|
|
|
270 |
Year III (Compulsory Units)
Semester I
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 301 |
Actuarial Mathematics I |
45 |
0 |
45 |
|
SSA 303 |
Stochastic Processes for Actuarial Science |
45 |
0 |
45 |
|
SSA 305 |
Life Contingencies Model I |
45 |
0 |
45 |
|
SSA 307 |
Risk Theory for Actuarial Science |
45 |
0 |
45 |
|
SSA 309 |
Business Ethics |
45 |
0 |
45 |
|
STA 301 |
Probability and Statistics II |
45 |
0 |
45 |
|
STA 303 |
Theory of Estimation |
45 |
0 |
45 |
|
TOTAL |
|
|
|
315 |
Elective Units
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 317 |
Financial Risk Management |
45 |
0 |
45 |
|
SSA 319 |
Econometric Models |
45 |
0 |
45 |
Semester II
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 302 |
Actuarial Mathematics II |
45 |
0 |
45 |
|
SSA 304 |
Financial Mathematics II |
45 |
0 |
45 |
|
SSA 306 |
Non-life Insurance Mathematics |
45 |
0 |
45 |
|
SSA 308 |
Applied Research Methods |
45 |
0 |
45 |
|
STA 304 |
Tests of Hypothesis |
45 |
0 |
45 |
|
STA 322 |
Computational Methods and Data Analysis III |
30 |
15 |
45 |
|
TOTAL |
|
|
|
270 |
Attachment
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 323 |
Industrial Attachment |
0 |
90 |
90 |
Elective Units
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 310 |
Statistical Inference
|
45 |
0 |
45 |
|
STA 308 |
Sample Survey Theory and Methods I
|
45 |
0 |
45 |
Semester I
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 401 |
Mathematics of Demography and Graduation |
45 |
0 |
45 |
|
SSA 403 |
Risk Mathematics |
45 |
0 |
45 |
|
SSA 405 |
Actuarial Financial Economics |
45 |
0 |
45 |
|
SSA 407 |
Life Contingencies Model II |
45 |
0 |
45 |
|
STA 402 |
Bayesian Inference and Decision Theory |
45 |
0 |
45 |
|
TOTAL |
|
|
|
225 |
Elective Unit
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 423 |
Multivariate Methods |
45 |
0 |
45 |
|
STA 410 |
Sample Surveys Theory and Methods II |
45 |
0 |
45 |
Semester II
|
Course Code |
Course Title |
Lecture Hours |
Practical Hours |
Total |
|
SSA 402 |
Survival Models |
45 |
0 |
45 |
|
SSA 404 |
Financial and Actuarial Modeling |
45 |
0 |
45 |
|
SSA 406 |
Actuarial Theory of Pension Funds |
45 |
0 |
45 |
|
SSA 408 |
Credibility Theory and Loss Models |
45 |
0 |
45 |
|
SSA 420 |
Actuarial Research Project |
45 |
0 |
45 |
|
TOTAL |
|
|
|
225 |