The Bachelor of Insurance and Actuarial Science is a study program that aims to provide students with the knowledge and skills necessary to understand and manage financial and insurance risks using mathematical and statistical methods. The program combines the study of insurance principles with the use of actuarial science to analyses and estimate risks and predict future losses.

Career opportunities in the field of Bachelor of Insurance and Actuarial Science

A Bachelor of Insurance and Actuarial Sciences opens up a variety of career opportunities for graduates in the financial and insurance fields. Here are some of the most prominent opportunities available:

In insurance companies:

Actuary:

• Use mathematical and statistical methods to analyze and estimate financial risks and develop insurance strategies.

Insurance Manager:

• Manage insurance operations, including developing insurance products and managing premiums and claims.

Insurance Analyst:

• Analyze insurance data and make recommendations to improve insurance strategies and reduce risks.

Risk Management Officer:

• Develop strategies to manage and mitigate risks in the context of insurance.

Actuarial Manager:

• Manage the actuarial team, develop actuarial models and analyze large risks.

In finance and banking:

Financial Risk Analyst:

• Analyze and estimate financial risks using actuarial methods and develop strategies to manage them.

Investment Analyst:

• Use actuarial models to analyze investment opportunities and assess the risks associated with them.

Investment Portfolio Manager:

• Manage corporate or individual investments and develop strategies to reduce risk and increase returns.

In large companies and organizations:

Finance Manager:

• Manage the company’s finances, including analyzing financial data and developing investment strategies and risk management.

Financial Data Analyst:

• Analyze financial data using actuarial methods to provide strategic insights for the company.

In academic and research fields:

University lecturer in insurance and actuarial sciences:

• Teaching insurance and actuarial sciences courses in universities and educational institutions.

Researcher in the field of actuarial sciences:

• Conducting research and studies on actuarial and insurance methods and models.

In the field of consulting:

Actuarial consultant:

• Advise companies on insurance strategies, risk management and actuarial data analysis.

Risk management consultant:

• Advise on how to manage and mitigate financial risks in the context of insurance and finance.

In the government sector:

Governmental insurance analyst:

• Manage and analyze the financial affairs of social insurance and government programs related to insurance.

Government insurance supervisor:

• Follow up and monitor insurance companies to ensure compliance with government standards and laws.

In international fields:

International actuarial analyst:

• Working with insurance companies and international financial institutions to analyze and estimate financial risks on a global level.

International insurance manager:

• Manage international insurance operations and develop insurance strategies for global markets.

These opportunities contribute to providing a wide range of career options that can suit the interests and abilities of graduates, helping them build their career in the field of insurance and actuarial sciences.

Bachelor of Insurance and Actuarial Sciences

Country

• Northern Cyprus (Turkish).

City

• Nicosia.

Annual fees

• Annual fees 3250 euros.
• Special discount for students of Sudanese nationality, where the annual fees are 1500 euros.

Duration of study

• 4 years.

Registration start and study start date

• Registration for the first semester starts from the beginning of May.
• Study for the first semester starts in October.
• Registration for the second semester starts from the beginning of November.
• Study for the second semester starts at the end of February.

Enrollment end

• Registration for the first semester ends in mid-October.
• Registration for the second semester ends in mid-November.

Admission requirements

Register a new student

• Passport photo.
• A photo of a high school certificate translated into English.

Register a student transfer from a university

• Passport photo.
• A photo of a high school certificate.
• A photo of a transcript of grades.

Additional specialized diplomas for excellence in the field of insurance and actuarial sciences

To excel in the field of insurance and actuarial science, you can obtain additional specialized diplomas to enhance your skills and expand your knowledge. Here are some specialized diplomas that may be useful:

In the field of actuarial science:

Chartered Actuarial Analyst Diploma (ASA – Associate of the Society of Actuaries):

• Covering the academic and theoretical foundations of actuarial science, and is an essential step towards obtaining advanced actuarial certificates.

Chartered Actuary Diploma (FSA – Fellow of the Society of Actuaries):

• An advanced certificate that enhances knowledge in specialized areas such as health insurance, retirement, and investment.

Chartered Diploma in Actuarial Science from the Institute of Actuarial Science (CERA – Chartered Enterprise Risk Analyst):

• Focus on enterprise risk management and enhances understanding of the tools and models used in estimating risks at the enterprise level.

In the field of insurance:

Chartered Property Casualty Underwriter (CPCU):

• Covering advanced topics in property and liability insurance, and enhancing the knowledge of insurance professionals.

Chartered Insurance Analyst Diploma (CII – Chartered Insurance Institute):

• Focuses on improving skills and knowledge in the field of insurance and claims management.

Chartered Insurance Risk Manager Diploma (CIRM – Chartered Insurance Risk Manager):

• Covering risk management strategies in the insurance sector and enhancing the ability to make strategic decisions in the field of insurance.

In the field of risk management:

Certified Risk Manager Diploma (FRM – Financial Risk Manager):

• Focuses on assessing and managing financial risks, including risks associated with insurance and finance.

Enterprise Risk Management Diploma (ERM – Enterprise Risk Management):

• Focuses on how to manage risks at the enterprise level and includes strategies to reduce and mitigate risks.

In the fields of financial and statistical analysis:

Advanced Statistical Analysis Diploma:

• Focuses on using advanced statistical methods to analyze financial and actuarial data.

Big Data Analytics Diploma:

• Covering the use of big data analysis tools and techniques to understand trends and predict risks in the insurance field.

In the fields of health insurance and retirement:

Health Insurance Certification Diploma:

• Focuses on health insurance management strategies, including policy design and claims analysis.

Retirement Planning Certification Diploma:

• Covering advanced topics in retirement planning and retirement plan management at the individual and institutional levels.

In other related fields:

Finance and Actuarial Science Diploma:

• Focuses on integrating knowledge in finance with actuarial science to improve understanding and ability to manage financial risks.

Strategic Management Certification Diploma:

• Focuses on developing insurance management strategies and strategic planning to meet market challenges.

Obtaining these specialized diplomas can enhance your skills and increase your career opportunities in the field of insurance and actuarial science, making you more competitive in the ever-evolving job market.