Centre for Actuarial Studies

Overview

The Centre for Actuarial Studies is one of the six teaching units that are fully accredited by the Actuaries Institute. Members of the Centre undertake research in insurance, superannuation, financial mathematics and related areas. Our actuarial programs are firmly established and conducted by academics respected in their fields.

Actuarial studies is a discipline well-known for its quantitative aspects and mathematical rigour. Actuaries assess, evaluate and manage the financial risks faced by individuals, organisations and governments for future planning.

What we teach

The actuarial program is designed for students who wish to enter the actuarial profession. As such, it provides students with a solid grounding in actuarial techniques, and, through the Centre's accreditation with the Actuaries Institute, students have the opportunity to obtain exemption from Parts I and II of the Actuaries Institute examination requirements to qualify as an actuary.

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Undergraduate

The actuarial studies major in the Bachelor of Commerce provides a firm grounding in the traditional actuarial skill set of mathematics, statistics, demography, finance and economics and allows students to undertake studies leading towards qualification as a professional actuary.

Honours

The Honours Program is an additional year of specialised study which is challenging and rewarding, with small class sizes and a collaborative approach to learning.

Postgraduate

The Master of Actuarial Science is designed for non-actuarial graduates.

Research Higher degrees

Visit our Graduate Research Degrees page to find out about our Masters and PhD by thesis degrees.

Distance Education

Actuarial Practice and Control subjects (which collectively cover Part II of the Actuaries Institute syllabus for qualification as a Fellow of the Institute) will be offered as distance education subjects in 2016. Find out more about distance education.

Our People

Find a staff member in the Centre.

View a list of our present and past Research Students

Our Research

The Centre has established an international reputation for research since its inception in 1992. During this period, staff and visitors have contributed over 140 papers to the Centre's Research Paper Series, many of which have been published in top journals such as the Scandinavian Actuarial Journal, the ASTIN Bulletin and Insurance: Mathematics & Economics. Research topics have ranged from the practical to the theoretical, covering areas such as aggregate claims distributions, financial economics, superannuation, ruin theory and claims reserving in general insurance. Our working papers are available online

Current Student Resources

Find resources for current students

Events

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Accreditation

The Centre for Actuarial Studies is recognised by the Actuaries Institute (Australia) and the Institute and Faculty of Actuaries (UK) and has been designated a Centre of Actuarial Excellence by the US Society of Actuaries.

To qualify as a Fellow of the Institute of Actuaries of Australia, a student must pass or be exempt from three Parts.  All of Parts I and II are covered by Melbourne University subjects.  Students who attain a suitably high standard in university subjects are able to apply for an exemption from the corresponding Institute subject.

Find out more about applying for exemptions from Actuaries Institute exams.

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