MSC ACTUARIAL SCIENCE
September 2025
Full time
18 months
Suzhou
This programme leads to a University of Liverpool degree which is recognised by Ministry of Education, China.
Knowledge and skills
The modules offered in this programme will provide strong theoretical foundations and practical skills in mathematics, statistics, insurance, actuarial science, quantitative finance and business management. Those knowledge and skills can not only apply to traditional industries such as insurance, financial markets and emerging markets, but also involve with medical and health institutions, government management institutions, industry and engineering, education and agriculture, etc.
Through the study of these core modules, students will gain professional knowledge in following fields:
- Life and non-life insurance pricing and reserving
- Data analysis and predictive analytics for insurance and finance
- Probability and statistical models and methods in actuarial science and quantitative finance
- Asset and liability valuation models
- Insurance and financial risk measurement and management
- Corporate financial management
Upon graduation, students will be able to:
- Implement core mathematical, statistical and computational knowledge and skills in practical tasks related to the insurance, finance and risk management fields.
- Understand and fulfil the role of an actuary in a commercial or regulatory organisation.
- Apply relevant methodologies appropriately in the analysis and process of different data.
- Put into practice the programming skills learned with software such as R, MATLAB, Python and Excel for financial and actuarial modelling.
- Undertake projects using scientific research methodologies.
MSc Actuarial Science is a programme critical for gaining the skills and knowledge that will lead to professional actuarial success, and provides a sound education in mathematics, statistics and data analysis, finance, risk management and insurance.
Dr Ran Xu
Programme Director
Modules
*Programme modules listed are illustrative only and subject to change.
The study of actuarial science at XJTLU has helped me find the motivation and goal to pursue a life in academic research.
Yixin Sun
PhD candidate of insurance at CUFE, MSc. Actuarial Science 2023 class
The study of actuarial science at XJTLU enhances us statistics and finance knowledge and professional skills such as coding and mathematical modeling, which is valuable in both academic and career.
Dengfeng Pan
Game Designer (Combat & Balancing) at Netease(ThunderFire), MSc. Actuarial Science 2023 class
Careers
Some of our graduates become actuarial trainees and study for professional examinations. Others embark on some of the following lucrative careers:
- Investment banking and investment management
- Accountancy
- Commercial banking
- Insurance
- Financial analysis
- Management
- Consulting
- Regulation
- Computing and programming
- Research and teaching.
Overview
The MSc Actuarial Science is a full time postgraduate programme aimed primarily at students with undergraduate degrees from the disciplines of mathematics, statistics, finance, insurance or any other programme with a high mathematical content. This programme covers a series of core modules mapping to the professional exams from the Institute and Faculty of Actuaries (IFoA) in UK and Society of Actuaries (SOA) in North America. Upon completion of this programme, the students will equip with a wide range of actuarial skills and problem-solving capabilities in risk management, stochastic modeling, data analysis, predictive analytics, and life and non-life insurance pricing and reserving etc.
Why study Actuarial Science at XJTLU?