Actuarial Science

Job Description

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuarial Scientists evaluate the likelihood of future events—using numbers, not crystal balls, designing creative ways to reduce the likelihood of undesirable events and decreasing the impact of undesirable events that do occur.

How To Qualify

You need to study a BSc in Actuarial sciences which takes 3 years. To become a fellow of Actuarial Society or an Associate of the Actuarial Society you must pass the examinations, or be granted exemption from them, and also attain a satisfactory level of work-based skills. This usually takes between three and six years.

Where To Study

University of Cape Town

University of Stellenbosch

University of Frees State

University of Witwatersrand

University of Pretoria