Overview
Established in 2017, the BSc (Hons) Actuarial Studies programme has produced more than 1,200 graduates to date, according to Talentbank Malaysia. The programme combines mathematics, statistics, finance, and risk management to prepare students for careers in actuarial science, insurance, risk management, and the wider financial services industry.
Students develop strong analytical and quantitative skills while building a solid foundation for professional actuarial examinations. Graduates are well-positioned to pursue internationally recognised qualifications offered by leading actuarial bodies, including the Society of Actuaries (SOA), Institute and Faculty of Actuaries (IFoA), Casualty Actuarial Society (CAS), Institute of Actuaries of Australia (IAA), and Canadian Institute of Actuaries (CIA), leading to globally recognised professional designations and career opportunities.
- Actuarial reserving analyst
- Catastrophe risk analyst
- Chief actuary in life/health/property and casualty insurance
- Chief executive officer
- Chief financial officer
- Financial risk manager
- RM37,800
for Malaysian students
- USD9,314
for international students
Programme Structure
Year 1
Year 2
Year 3
List of electives (Choose 3)
Additional MOHE compulsory General Studies subjects
For Local students
- Appreciation of Ethics and Civilisation
- Bahasa Kebangsaan A (Applicable to students who did not sit for SPM or did not obtain a Credit in SPM Bahasa Melayu)
- Entrepreneurial Mindset & Skills
- Community Service for Planetary Health
- Integrity & Anti-Corruption
- Philosophy and Current Issues
For International students
- Appreciation of Ethics and Civilisation
- Community Service for Planetary Health
- Entrepreneurial Mindset & Skills
- Integrity & Anti-Corruption
- Malay Language for Communication 2
Entry Requirements
Average C+ or CGPA 2.33 (minimum 2 Principals)
Minimum 12 points (Minimum of Grade D from 2 subjects)
Note: For A-Level points calculation
A = 10 points B = 8 points C = 6 points D = 4 points E = 2 points
ATAR 60
60%
60%
CGPA 2.0
CGPA 2.0
Maximum 26 points from 5 subjects (all Grade Bs)
Completed with minimum 25 points (excluding bonus points)
CAVG 50% or CGPA 2.0
* Students may obtain advanced standing if credit transfer requirements are met.
- Any other equivalent qualifications
- Applicant with no standard qualification will be considered on a case-to-case basis
An APEL.A Certificate (APEL T-6) (Recognition of Prior Learning)
(Click on this link for further information on APEL.A)
Specific Requirements
- Credit in Mathematics at SPM or equivalent
English Language Requirements
- IELTS or equivalent 6.0
- MUET Band 4
- SPM English B
- UEC English B6
- O-Level English (1119) Credit
- Sunway Intensive English Programme (IEP) Pass Level 4 with minimum 65%
- ESL/English Satisfactory level in Pre-University programmes, where the medium of instruction is English
Professional Pathways & Exemptions
Institute and Faculty of Actuaries (iFoA) UK
Our programme has been fully accredited by the Institute and Faculty of Actuaries (iFoA), UK. Students in our programme who attain an overall average of 65% and above are eligible for block exemptions from the iFoA professional exams for CS1, CS2, CM1, CM2, CB1, and CB2. Students who did not attain an overall average of 65%, shall be recommend for subject exemptions instead.
Society of Actuaries (SOA) USA
This programme provides exemptions for 3 papers from the Society of Actuaries (SOA) USA through the Validation by Education Experience (VEE) pathway. Students have to score at least 55% (B- or above) in the designated subjects offered in the programme.
Casualty Actuarial Society (CAS) USA
Our Programme has been recognised by the Casualty Actuarial Society (CAS) as a Silver Level partner. We offer students comprehensive preparation for the CAS exams and a career in general insurance. Our students have the opportunity to earn up to five exam credits and we also equip them to take additional exams such as Exam 5 and MAS-II.
For more info, please visit: https://www.casact.org/
Note: Eligibility of exemptions is determined based on subjects taken and grades obtained.
Why Study with Us?
In-house Actuaries
Together with academic staff, our in-house actuaries ensure that our programme syllabus is in close alignment with the industry needs. Our students are highly employable as they are at the forefront in meeting the rising needs for actuarial expertise globally.
Sophia Ch'ng
Immediate past president of Actuarial Society of Malaysia. 20 years of experience in the insurance industry, ranging from life insurance, general insurance, takaful business to shared services.
Nicholas Yeo
Founder of Nicholas Actuarial Solutions, with clients across the ASEAN region. Lectures on Actuarial Statistics and Mathematics subjects.
Nicholas Cheong
Fellow of the IFoA and a Chartered Actuary. Specialist, IFRS17 Financial Planning and Analysis in Generali Malaysia
Actuarial Practice Course (APC)
Actuarial Practice Course (APC) is conducted by our in-house actuary, Ms Sophia Ch’ng, Fellow of the Institute & Faculty of Actuaries (UK).
Get ahead with this 3-month intensive hands-on course designed to prepare actuarial students to be employment-ready. It incorporates feedback from our practicing actuaries and industry practitioners in the course design. This course is conducted by our in-house actuary - Ms Sophia Ch’ng, focusing on current topics in the insurance industry.
In addition to the standard university subjects and assignments, students have the option to enrol in this course, offered exclusively to Sunway University’s actuarial students without additional charges.
We are proud to have a track record of 100%* employment in actuarial-related positions for students who successfully completed this APC.
*Based on School of Mathematical Sciences graduate tracer study
Actuarial Analytics Course (AAC)
AAC is a hands-on course conducted by our in-house actuary, Mr. Nicholas Cheong, the Fellow of the IFoA. It is designed to bridge the gap between theory and practice and equips our students with the skills needed to meet industry demands and kick-start their actuarial careers seamlessly. Through real-world case studies, students use Excel to perform data checks, analyse data patterns, build flexible models that adapt to parameter changes, calculate key statistics and automate and optimize tasks using Macro VBA
Student Testimonials
-
Wai Chong Yin, FSA
- Currently working at Great Eastern Life Assurance Malaysia Berhad, Actuarial Assistant Manager in IFRS 17 Project Team
- Previously attached with Actuarial Partners Consulting Sdn Bhd, Actuarial Analyst in Life Insurance/ Takaful Team
- Interned at Actuarial Partners Consulting Sdn Bhd (General Insurance/ Takaful Team)
- Fellow of the Society of Actuaries (March 2020)
- Sunway University, BSc (Hons) Actuarial Studies, 1st class Honours, Class of 2017
-
Tan Min Li
- 2021 Sir Edward Johnston Prize recipient - awarded to the best performing graduating students on the actuarial programmes at several universities which are linked to the IFoA.
- Obtained the full 6 IFoA exemptions
Currently working at AIA Public Takaful as an Actuarial Associate, a position she secured prior to graduation - Past President of the Sunway Actuarial & Financial Excellence (SAFE) society
- Sunway Special Scholarship recipient, and Advance & Continuing Excellence (ACE)
- Scholar from Sunway Foundation in Arts
- 2021 Sir Edward Johnston Prize recipient
- Sunway University, BSc (Hons) Actuarial Studies, 1st class honours, Class of 2021
Scholarships and Financial Aid
For more information about the scholarships and financial aid, please visit the SEG Scholarships website.
Ask a question
If you’d like to know more about studying at Sunway University, we’d love to hear from you.
