Master of Science in Risk, Insurance and Actuarial Analytics
Department of Operations and Risk Management
Subsite Background

About us

About Us

Programme Information

  • Award Title:

Master of Science in Risk, Insurance and Actuarial Analytics Degree (MSc in RIAA)

  • Intermediate Award:

Postgraduate Diploma in Risk, Insurance and Actuarial Analytics (PD in RIAA)

  • Study Mode:

    Full-Time

  • Duration: ​

   Normal: 1 year; Maximum: 2 years

  • Progression Requirement: ​

    Students are required to achieve a Cumulative GPA of 2.50 or above in order to proceed to the next term.

    The Board of Examiners shall, at the end of each term, recommend whether each student is:

    1. Eligible for progression towards an award:

    2. Eligible for an award; or 

    3. Required to withdraw from the Programme

    A Student will normally progress unless he/she falls within the following categories, any of which may

    be regarded as grounds for withdrawal from the Programme:

    1. The student cannot attain a cumulative GPA of 2.50 in Term 1;

    2. The student has exceeded the maximum period of study, which is 2 years; or 

    3. The student will be unable to attain a cumulative GPA of 2.67 at the end of the Programme

 

  • Graduation Requirement:

   Students are required to complete a total of 10 courses of 30 credits as specified in the programme

   curriculum. The minimum Cumulative GPA requirement for Graduation will be 2.67.

 

Special Features

  • The degree gives a broad and in-depth coverage of the major areas in risk management, insurance and actuarial science with an emphasis on professional practice.
  • The degree helps students obtain professional qualifications such as Chartered Insurance Institute (CII), Financial Risk Manager (FRM) and actuarial science related qualifications, e.g. Associate of the Society of Actuaries (ASA) / Fellow of the Society of Actuaries (FSA). 
  • Combining finance, economics, computer science and quantitative skills training, the degree offers a comprehensive understanding of risk and insurance, thereby enhancing the degree's attractiveness to both students and potential employers.
  • The program provides students with opportunities to gain access to an extensive network of alumni and industry professionals and benefit from dedicated career services, including job placement, resume workshops and interview preparation.

 

 

Learning Outcomes

  • Explain the theories and practices of risk management, insurance and actuarial science;
  • Devise suitable risk management and actuarial strategies for different individuals and corporations;
  • Demonstrate a mastery of quantitative skills in applying risk and actuarial models and performing risk analysis;
  • Apply risk and actuarial analytics and insurance products to control risk exposures; and
  • Explain regulatory compliance and regulations for insurance businesses in the insurance market.

 

 

 

Career Destination

Career opportunities include positions in insurance companies, banks, and other related financial institutions.  MPhil or PhD Programmes are also options.