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ACTUARIAL SCIENCE IN UNIVERSITY OF DAR ES SALAAM

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The  department of mathematics runs one undergraduate degree programme (Bsc. In Actuarial Science), in collaboration with department of Finance under University of Dar es Salaam Business School (UDBS) and Department of Statistics under the College of Arts and Social Sciences (CASS). About Bsc.  In Actuarial Sciences Actuarial Science is the study of risk and uncertainty, usually of a financial and long-term nature. This degree programme offers students the opportunity to develop their mathematical ability, whilst staying focused on financial and actuarial applications. Not only does the course provide the technical knowledge required by students wanting  to join the actuarial profession, but it also seeks to provide a wide range of skills. This ensures that graduates are able to add value in many areas for their future employers. The Recent graduates have been employed in the fields of Insurance, telecommunications, auditing firms, academia, as well as banking and ...
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ACTUARIAL EXAMS

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About Bsc. In Actuarial Science In UDSM The  department of mathematics runs one undergraduate degree programme (Bsc. In Actuarial Science), in collaboration with department of Finance under University of Dar es Salaam Business School (UDBS) and Department of Statistics under the College of Arts and Social Sciences (CASS). More on Actuarial Science IN UDSM, click here In Tanzania, University Of Dar es Salaam have not yet been accredited exemptions from the Institute and Faculty of Actuaries (IFoA)  . In doing so, for an actuarial science student from UDSM to  become an actuary, at fellowship level, h/she has to do a series of Actuarial Profession Exams. The Exams are 15 in Number as highlighted below: Category 01: Core Technical Exams- CT Subjects This category Include 09 Exams as  follows: CT 1 - Financial Mathematics CT 2 - Finance and Financial Reporting CT 3 - Probability and Mathematical Statistics CT 4 - Models  CT 5 - Contingencies ...
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Father of Life Insurance - Elizur Wright

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Elizur Wright (born on 12 February 1804), an American mathematician and abolitionist is described as the father of Life insurance as he campaigned that life insurance companies must keep reserves and provide surrender values. Elizur Wright (1883) Graduated from Yale university in 1826, he spent his early life being a Mathematics and Natural philosophy professor. Apart from his love for mathematics, he believed that slavery was immoral and ineffective and should immediately be abolished. Along with other like-minded individuals, Wright founded the American Anti-Slavery Society in 1833 with the aim of espousing immediate abolition of slavery. The organization later on began to fall apart due to ideological differences among members. Wright eventually became estranged from the abolitionist movement due to lack of support and became interested in life insurance as a mathematical study. As a matter of facts Wright read “the best works on life insurance.. with the same ardor which ...
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