Introduction

The Department of Statistics took a millennium initiative to start an international standard four-year bachelor’s degree in Actuarial Sciences & Risk Management in 2003 and by the grace of the Allah Almighty, we have delivered our first batch of Actuarial graduates to the financial market in 2007. It is an honor that now our BS degree provides exemptions for Validation by Educational Experience (VEE) which is one of the educational requirements needed to become an Associate of Society of Actuaries (ASA) or Chartered Enterprise Risk Analyst (CERA). Our degree provides exemptions for all three VEE subjects which are Economics, Corporate Finance and Applied Statistics.

In this four-year BS program our graduates have covered the fundamentals of actuarial science and risk management and are provided with a sound and stable basis required for the understanding of risk management and financial economic environment that is essential for all businesses.