B.Sc (Actuarial Science) (Intake from 2020)

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Duration of Program 3 Years (6 Semesters)

Seats 20

B.Sc. Actuarial Science or Bachelor's of Science in Actuarial gives emphasis on a mathematical and statistical analysis of risk, and their applications to insurance and other business management problems
The professionals who are qualified in this field are known as “Actuaries”. They apply the necessary skills to solve real business problems. Actuaries calculates insurance risks and premiums
UPES ranks 56th in NIRF (National Institutional Ranking Framework) of MHRD in the Management Category.

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Overview

Actuarial science applies mathematical skills to the social sciences to solve important problems for insurance, government, commerce, industry and academic researchers.

Curriculum (Subjects)

Semester I	Semester II
Subject Business Economics I Business Mathematics Business Accounting Business Computing Business Communication I Principles and Practices in Insurance	Subject Business Economics II Business Statistics Business Finance Design Thinking Business Communication II Interest Rates & Annuities
Semester III	Semester IV
Subject Life Insurance: Principles, Products, Practices Actuarial Mathematics Actuarial Practice Advanced Applications of Annuities Innovation in Insurance Sector	Subject Non- Life Insurance: Principles, Products, Practices Actuarial Statistics Modelling Practice Reserving & Time Series Risk Modelling & Survival Analysis
Semester V	Semester VI
Subject Regulation of Insurance Business Financial Engineering and Loss Reserving Actuarial Applications with Spreadsheets Insurance Claim, Negotiations and Settlement Stochastic Modelling Summer Internship Dissertation I	Subject Environmental Studies Communication Practice Enterprise Risk Management Dissertation II