PROPOSED CURRICULUM FOR BACHELOR OF SCIENCE IN ACTUARIAL SCIENCE

Abstract

In the current rapidly changing economies of the world, there is a great need for professionals with skills of an actuary, integrated with Christian values, who are able to help cushion :financial institutions and financial service providers by providing timely advice on the possible risks of current financial undertakings, Daystar University has adequate facilities and is strategically placed near headquarters of many financial and other institutions where data that may be used for learning purposes is available. In addition, there are numerous financial institutions not far from the University where actuaries are required. Furthermore, there is an acute need in sub-Saharan Africa to forecast the cost of future risks and improve financial decisions due to the weak economies that need sound risk assessment procedures. Daystar is thus in a position to help these economies by producing professionals who are able to develop models to predict, and minimize these risks.

Computers are available in both campuses of the university and effort is being made to acquire the relevant software to be used for this programme. The software includes Matlab, SPSS, R, S, S+ (R, S, and S+ are open-source statistics software packages) among others. Daystar' s libraries are well equipped with relevant books for the required foundational courses in mathematics and specific books in actuarial science have been acquired. No other major equipment or apparatus is required to launch the programme since some of the mathematics courses are already in place at Daystar.