BACHELOR OF ACTUARIAL SCIENCE - PROGRAM COORDINATOR BRIEFING ORIENTATION WEEK SESSION 2021/2022
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BACHELOR OF
ACTUARIAL
SCIENCE
PROGRAM COORDINATOR BRIEFING
ORIENTATION WEEK
SESSION 2021/2022
INTRODUCTION TO PROGRAM
Academic Staff of Actuarial Science Division
Mdm. Nadiah Zabri, AIA Dr. Mohd Azmi Bin Haron
nadiah.zabri@um.edu.my azmiharon@um.edu.my
(Program Coordinator) (Assistant Program Coordinator)
Dr. Koh You Beng Dr. Shaiful Anuar Mr. Raveendran Menon, ASA
kohyoubeng@um.edu.my Bin Abu Bakar and AIAA
saab@um.edu.my raveemenon@um.edu.my
INTRODUCTION TO PROGRAM PROGRAM GOAL To produce graduates with sound knowledge in the actuarial field through exploration in the theoretical and application of mathematics, statistics, economics and finance, able to think critically in problem solving as well as capable to increase competitiveness in the national and international levels. PROGRAM EDUCATIONAL OBJECTIVES 1. Graduates build professions related to actuarial science or related fields. 2. Graduates engage in lifelong learning and interdisciplinary learning in industry or academic institutions based on actuarial science in industry. 3. Graduates contribute to sustainable development and well-being of the community.
Working Area
Area Application
Banking and Financial Services Deal with product portfolio, capital management and risk
analysis. Some leading insurance companies now have their
own established banking operations, with actuaries
filling many of the senior executive positions relating to finance
and risk.
Consulting Advise clients on actuarial financial risks
Enterprise Risk Management Manage all types of risks at an enterprise or corporate level
Health and Retirement Financing Offer advice on social insurance issues: Medical insurance,
Critical illness, Disability insurance, Public health systems
Investments and Fund Management Focus on asset risks, hedging strategy and structured finance
Pricing & Reserve Design insurance product features and pricing, calculate the
reserve requirements
Reinsurance Estimate insurance risk for a reinsurer that accept risk from a
direct insurance company
Recent alumni can be found in …
Banking / Finance Insurance and Reinsurance
CIMB Bank Berhad AIG Asia Pacific Insurance Pte. Ltd, Singapore
Securities Commission Malaysia Berjaya Sompo Insurance Berhad
Maybank Etiqa Life and Insurance Berhad
MIDF Investment Tokio Marine Insurans (M) Berhad
Malaysian Technology Development Corporation Malaysian Reinsurance Berhad
Mortgage Industry Manufacturing / Production
CCS Support Sdn Bhd Hanson Malaysia Sdn Bhd
Education Oil and Gas
Minda Inovasi
Sapura Energy Berhad
Risk Management Sales / Marketing
HSBC Malaysia Bank Berhad
Prudential Assurance Malaysia Bhd
Maybank
Apex Uniparts Sdn Bhd
Information Technology
Accenture Airline
Qatar Airways
Trading Company
Lyreco Supplies
Ministry of International Trade and Industry and more …
Malaysian Qualifications Register (MQR)
https://www2.mqa.gov.my/mqr/
Ref. No. MQA/SWA11294
Certificate No. 19351
Name of Bachelor of Actuarial Science
Qualification
Date of Starting 21/12/2017
Accreditation
Name of Institution University of Malaya
MQF Level 6
National Education 462 (Statistics)
Code
No. of Credits 145
Mode of Study Full Time
Mode of Delivery Conventional
Duration of Study Full Time Weeks/Semester Semesters Duration
(Years) Long 17 8 4 years
PROGRAM STRUCTURE
1.University Courses
(12 credits)
145 2. Core Courses
(87 credits)
credits
3. Student Holistic Empowerment 1 course for each of
the 4 clusters
(8 credits)
PROGRAM 4. Elective Courses
(at least 38 credits)
STRUCTURE
CREDITS AND COURSES
University Courses (12 credits)
Course Code Course Title Credit
GLTxxxx English Courses 4 Semester 1 &
(subject to MUET band) Semester 2
GKA/GKI/GKK/GKP/ Co-curriculum 2
Semester 2
GKS/GKUxxxx
GIG1012/ Philosophy and Current Issues/ 2 Semester 1
GLT1017* Basic Malay Language
GIG1013 Appreciation of Ethnics and 2
Semester 2
Civilizations
GIG1003 Basic Entrepreneurship Culture 2 Semester 1
*Only for international students.
For more info on University Courses, refer to
https://citra.um.edu.my/handbook-buku-panduanStudents with Course Code and Title Credit
MUET Band
Which English Courses to Take?
2 GLT1018 Proficiency in English I 2
and choose one of
GLT1019 Lets Speak 2
GLT1020 Fundamental Writing 2
3 GLT1021 Proficiency in English II 2 Must pass
and choose one of compulsory
GLT1022 Speak Up 2 course before
GLT1023 Effective Workplace Writing 2 registering for
4 GLT1024 Proficiency in English III 2 the second
and choose one of course
GLT1025 Effective Oral Communication 2
GLT1026 Writing at the Workplace 2
5 or 6 GLT1027 Advanced Oral Communication 2 Allowed only 1
GLT1028 Advanced Business Writing 2 course per
Refer to https://fs.um.edu.my/undergraduate-handbook-amp- semester
bookletCore Courses (87 credits)
Level 1 (24 credits)
Course Code Course Title Prerequisite Credit
SIX1015 Science, Technology 2
Semester 2
and Society
SIX1016 Statistics 3 Semester 1
SIM1001 Basic Mathematics 4 Semester 1
SIM1002 Calculus I 4 Semester 1
SIM1003 Calculus II SIM1002 4 Semester 2
SIQ1001 Introduction to 3
Accounting Semester 2
SIT1001 Probability and SIM1002 4
Statistics I Semester 2Core Courses (87 credits)
Level 2 (31 credits)
Course Code Course Title Prerequisi Credit
te
SIM2001 Advanced Calculus SIM1003 4
SIM2002 Linear Algebra SIM1001 4
SIM2007 Appreciation of Mathematics SIM1003 2
SIM2011 Structured Programming SIM1002 4
SIQ2001 Microeconomics - 3
SIQ2002 Macroeconomics - 3
SIQ2003 Financial Mathematics and Derivatives SIM1002 4
SIT2001 Probability and Statistics II SIT1001 4
SIT2007 Foundations of Data Science SIT1001 3Core Courses (87 credits)
Level 3 (32 credits)
Course Code Course Title Prerequisite Credit
SIQ3001 Actuarial Mathematics I SIQ2003 4
SIQ3002 Portfolio Theory and Asset Models SIQ2003 4
SIQ3003 Actuarial Mathematics II SIQ3001 4
SIQ3004 Mathematics of Financial Derivatives SIQ2003 4
SIQ3005 Life Insurance and Takaful 4
SIQ3006 Risk Theory SIT2001 4
SIQ3007 Industrial Training SIQ3001 8
Actuarial students must take at least 110 of credits before undergoing the industrial
training (SIQ3007).
Industrial training is encouraged to be done in the last semester.Student Holistic Empowerment (8 credits)
Cluster Cluster Description Credit
Cluster 1 Thinking Matters: Mind and Intellect 2
Cluster 2 Emotional, Physical and Spiritual 2
Intelligence: Heart, Body and Soul
Cluster 3 Technology/ Artificial Intelligence and Data 2
Analytics: I-techie
Cluster 4 Global Issues and Community 2
Sustainability: Making the World a Better
PlaceProgram Elective Courses (at least 38 credits)
For a complete list of courses, refer to the handbook available at
https://ism.um.edu.my/undergraduate-info
Core courses under Bachelor of Science in Mathematics, Bachelor of
Science in Applied Mathematics or Bachelor of Science in Statistics may
also be taken by a student in Bachelor of Actuarial Science program as
Elective Courses. Please refer to the relevant programs.
Actuarial students are also encouraged to take certain courses for a
chance to get IFoA and SOA accreditationsPROGRAM COURSE PLAN
PROGRAM 8 Normal Semesters
COURSE PLAN (MAX ≤ 12 Normal
Semesters)
145 credits
4 years (≤ 22 credits/semester)
(Dean’s Award: ≥ 15 credits
(minimum 4 courses),
GPA ≥3.70 )
Stage of Study Number of Credits
Beginning 35 credits and below
Middle 36-75 credits
Final 76 credits and abovePlanning of Courses Year 1
Semester 1
Component
Course Credit
GLTxxxx 2
GIG1012/ 2
University Courses
GLT1017*
GIG1003 2
SIM1001 4
Course Courses SIM1002 4
SIX1016 3
Elective Courses SHE 2
Total Credits 19
*Only for international students.Planning of Courses Year 1
Semester 2
Component
Course Credit
GLTxxxx 2
University Courses GIG1013 2
GKA/GKU/GKK/GKP/GKU 2
SIQ1001 3
SIM1003 4
Course Courses
SIT1001 4
SIX1015 2
Total Credits 19Planning of Courses
For a complete planning of courses, refer to
the handbook available at
https://ism.um.edu.my/undergraduate-info
Lecture timetables for courses of Institute of
Mathematical Sciences (ISM) are available:
Semester 1, Session 2021/2022
Semester 2, Session 2022/2022
For tutorial hours, ask the lecturer of the
course when attending your first class.How to Register for Courses?
http://maya.um.edu.my/
Click https://youtu.be/Wk7BhYPTpAM
for a video guiding you through MAYA.ACADEMIC CALENDAR
Academic Calendar for Semester I, Session 2021/2022
Orientation Week 1 week 10 Oct 2020-17 Oct 2021
Lecture 7 weeks 18 Oct 2020-5 Dec 2021
Mid Semester Break 1 week 6 Dec 2021-12 Dec 2021
Lecture 7 weeks 13 Dec 2021-30 Jan 2022
Study Week 1 week 31 Jan 2022-6 Feb 2022
Final Examination Week 2 weeks 7 Feb 2021-20 Feb 2022
Semester Break 3 weeks 21 Feb 2022-13 Mar 2022
Total 22 weeks
Academic Calendar for Semester II, Session 2021/2022
Lecture 7 weeks 14 Mar 2022-1 May 2022
Mid Semester Break 1 week 2 May 2022-8 May 2022
Lecture 7 weeks 9 May 2022-26 Jun 2022
Study Week 1 weeks 27 Jun 2022-3 July 2022
Final Examination Week 2 weeks 4 July 2022-17 July 2022
Total 18 weeksGRADING SCHEME
Grading Scheme
Marks Grade Grade Point Meaning
90.00-100.00 A+ 4.0 High Distinction
80.00-89.99 A 4.0 Distinction
75.00-79.99 A- 3.7 Distinction
70.00-74.99 B+ 3.3 Good
65.00-69.99 B 3.0 Good
60.00-64.99 B- 2.7 Good
55.00-59.99 C+ 2.3 Pass
50.00-54.99 C 2.0 Pass
45.00-49.99 C- 1.7 Fail
40.00-44.99 D+ 1.3 Fail
35.00-39.99 D 1.0 Fail
00-34.99 F 0.0 Fail
For more info, refer to University of Malaya (Bachelor’s Degree) Regulations 2019.
https://umsitsguide.um.edu.my/.An Example of GPA and CGPA Calculation
Semester 1
Course Grade Grade Point Credit Credit × Grade Point
Course 1 A+ 4.0 4 4×4.0 = 16.0
Course 2 C+ 2.3 3 3×2.3 = 6.9
Course 3 C- 1.7 3 3×1.7 = 5.1
Course 4 C 2.0 3 3×2.0 = 6.0
Total 13 34.0
Credit counted: 13 Total grade point: 34.0
Total credits accumulated: 13 Total grade point obtained: 34.0
GPA = 34.0/13 = 2.62
Semester 2
Course Grade Grade Point Credit Credit × Grade Point
Course 5 B+ 3.3 3 3× 3.3 = 9.9
Course 6 B 3.0 3 3× 3.0 = 9.0
Course 7 C 2.0 3 3× 2.0 = 6.0
Total 9 24.9
Credit counted: 9 Total grade point: 24.9
Total credits accumulated: 22 Total grade point obtained: 58.9
GPA = 24.9/9 = 2.77 CPGA = 58.9/22 = 2.68ACADEMIC ADVISORS
Academic Staff of Actuarial Science Division
Mdm. Nadiah Zabri Dr. Koh You Beng Dr. Shaiful Anuar Bin Abu Bakar
Nadiah.zabri@um.edu.my kohyoubeng@um.edu.my saab@um.edu.my
(Program Coordinator)
2ACADEMIC ADVISOR ROLE An academic advisor • assists students in selecting courses and the number of credits prior to the commencement of the semester, and • provides guidance to students in overcoming problems related to learning, if any, based on the students’ academic performance. Refer to University of Malaya (Bachelor’s Degree) Rules 2019 available at https://umsitsguide.um.edu.my/.
RELATED MATTERS
Need more help and company?
Connect to your peers through buddy system to
• create and share experience,
• talk about and solve problems together,
• etc.
Further info such as the groups will be given at
https://ism.um.edu.my/buddy-systemKaedah-kaedah Universiti Malaya (Ijazah Sarjana Muda) 2019
University of Malaya (Bachelor’s Degree) Rules 2019
Peraturan-peraturan Universiti Malaya (Ijazah Sarjana Muda) 2019
University of Malaya (Bachelor’s Degree) Regulations 2019
are available at the download section of
https://umsitsguide.um.edu.my/.Faculty of Science,
University of Malaya
https://fs.um.edu.my/
Institute of Mathematical Sciences
https://ism.um.edu.my/
WhatsApp Group for Actuarial Science
Enrolling in Session 2021/2022
https://chat.whatsapp.com/LAdoCgmvWNNAKYuzzrswHpMAYA
http://maya.um.edu.my/
SPeCTRUM
https://spectrum.um.edu.my/
Library Resources
https://umlib.um.edu.my/
https://pendeta.um.edu.my/❑ Institute and Faculty of Actuaries (IFoA) (https://www.actuaries.org.uk/)
❑ To be an Associate of IFoA, (Associate of the Institute of Actuaries, AIA):
▪ Core Principles
o 2 Core Statistics :CS1, CS2
o 2 Core Mathematics: CM1, CM2
o 3 Core Business: CB1, CB2, CB3
▪ 3 Core Practices: CP1, CP2, CP3
▪ E-learning: Professional Skills Course
▪ Personal and Professional Development (PPD)Courses related to IFoA accreditations with University Malaya
Course Code Core Courses Electives
CM1 SIQ2003 and SIQ3003
CM2 SIQ 3002, SIQ3004, SIQ3006
CS1 SIT2001 SIT2004
CS2 To be updated To be updated
Related Courses that can help with the learning objectives
Course Code Core Courses Electives
CB1 SIQ3011
CB2 SIQ2001, SIQ2002❑ Society of Actuaries (SOA) (https://www.soa.org/)
❑ There is a new study pathway announced in July 2021
❑ To be an Associate of SOA (Associate of the Society of Actuaries, ASA):
▪ 5 Exams: P, FM, FAM, ALTAM or ASTAM, SRM
▪ 2 Project Based Assessment: PA, and ATPA
▪ 3 VEE Topics
• Economics
• Accounting and Finance
• Mathematical Statistics
▪ 3 E-Learning Modules
▪ Seminar: Associateship Professionalism Course (APC)
https://www.soa.org/globalassets/assets/files/edu/asa-pathway-changes.pdfThe Associate of the Society of Actuaries (ASA)
Courses related to SOA requirements
Actuarial exam or Requirement Core courses Elective courses
Economics VEE SIQ2001 and SIQ2002
Accounting and Finance VEE SIQ1001 To be updated
Mathematical Statistics VEE SIT2001
Related courses that can help with the learning objectives
Actuarial exam or Requirement Core courses Elective courses
Exam P SIT1001
Exam FM SIQ2003
FAM-S ASTAM SIQ3006
FAM-L and ALTAM SIQ3001 and SIQ3003
Exam SRM and PA SIQ3005, SIT3016 &
SIT3017
Only VEE will be eligible get formal accreditation from SOA via University Malaya program.THANKYOU INSTITUTE OF MATHEMATICAL SCIENCES +60379674207 secretary_maths@um.edu.my www.ism.um.edu.my
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