Actuarial Science applies mathematical and statistical methods to assess risk in insurance and finance based industries. The Master of Science in Actuarial Science programme is dedicated towards dealing with real-world scenarios and application of the analytical process, thereby helping students to prepare for Actuarial exams conducted by Institute of Actuaries of India (IAI) or The Institute and Faculty of Actuaries (IFoA) in order to become a qualified actuary. The Master of Science in Actuarial Science programme offered by Christ(Deemed to be University) has had an excellent placement season during 2019-20.
The Master
of Science in Actuarial Science programme covers key areas in global business
with in-depth coverage of Risk Management opening a plethora of opportunities
in the insurance and global investment sectors with the help of
reputed faculty members who have immense experience in this industry.
Along with our regular
recruiters like Swiss Re and Ernst & Young (EY), other top firms like Tata
Consultancy Services (TCS) and SE2 have also joined the list of campus
recruiters. The top packages were Rs 7.20 lacs offered by Swiss Re and Rs 7.14
lacs offered by SE2. The selected students had to qualify through two rounds of
written tests which were based on their basic understanding of General and Life
Insurance, statistical skills and application to problem solving, analytical
and aptitude skills. The personal interview rounds brought out the best in
terms of communication skills and domain knowledge on the Insurance subject.
One of the proud moments
of the department is 13 out of a batch of 20 students have cleared the first
level exams conducted by the Institute and Faculty of Actuaries (IFoA), UK,
which is the first step towards being designated as a Fellow Actuary.
The students immensely
benefitted from the events arranged by the department who invited qualified
actuaries and people from the Industry for preparation for Core Technical
papers. Mr. Harsh Vikram Arora, Actuarial Software Consultant and Director at
Bestlife Consulting Services Limited, conducted a workshop on R packages, Fat
Tailed Distributions, and Actuarial Modelling Process.
An
orientation was organized for freshers to familiarize them with the
Professional Exams conducted by IFoA (Institute and Faculty of Actuaries) and
IAI (Institute of Actuaries of India). First-year students began their
actuarial journey and appeared for some professional exams.
Christ (Deemed to be
University) in association with the Institute and Faculty of Actuaries (IFoA),
Chartered Insurance Institute (CII) and Insurance Institute of India (III)
organised the FIRMA Conclave, an event that aimed at propagating the
advancements and prospects in the field of Finance, Insurance, Risk Management
and Actuarial Science. A panel discussion with regard to the same was conducted
which comprised of esteemed dignitaries from the Institute and Faculty of
Actuaries (IFoA); Mr John Taylor - President (IFoA), Mr Clifford Friend -
Director of Education (IFoA), and Mr Mahidhara D V - Council Member (IFoA). The
conclave also imparted valuable insights with regard to Actuarial Education.
A national-level
competition by Swiss Re, i.e., Thought Leadership Challenge for students to
prepare and submit a research paper related to either “Insurance 2030” or
“Bridging the Protection Gap in Emerging Markets” was conducted. The winners
were from MSc Actuarial Science from Christ(Deemed to be University). The
winners got to visit the Swiss Re Bangalore Office, and an opportunity for
internship there.
