THE DEPARTMENT OF ACTUARIAL,INSURANCE & RISK MANAGEMENT SCIENCES
Welcome to the Department of Actuarial, Insurance and Risk Management Sciences website. My name is Noble Malunguza and I am the Chairperson. The department is a leading centre for the teaching of Risk Management, Insurance and Actuarial Science on the continent and beyond. Our partnerships with the Insurance Industry and professional bodies regionally and globally, ensures that our programmes remain relevant and responsive to the changing educational needs of the market.
The Department has established pedigree in the teaching of Actuarial Science in the region. Our curriculum covers most of the core subjects of the Actuarial Science professional examining bodies. The modules are grouped into Business, Actuarial Mathematics and Actuarial Statistics courses. Data Science courses have been infused into the curriculum in response to the transformative industry impact of the big data revolution.
Our Risk Management and Insurance programme has been the flagship of the Faculty of Commerce since establishment in 1991. The undergraduate programme offers solid foundation in the principles of the management of risk for all enterprises. The masters programme builds from this foundation to provide a specialised and advanced understanding of the theory and practice including risk modelling.
To excel in human capital development for the insurance and broader financial industry.
- Academic excellence with integrity, honesty and ethical behaviour.
- Responsible research and innovation that drives commercialisation and industrialisation.
- Mutual respect, teamwork and effective partnerships.
We are the Center of Excellence for the teaching of Actuarial Science, Risk Management and Insurance on the continent. Our strong industry rapport inform our curriculum. We are driven by a passion to fulfil your dreams. There are current and past funding partnerships with ARC Milliman and Higherlife/Joshua Nkomo Foundation.
Our Programmes
Undergraduate
ENTRY REQUIREMENTS
Applicants for the Bachelor of Commerce Honours Degree in Actuarial Science must have the following qualifications or their equivalent:
- Five (5) Ordinary Level passes, including English Language and Mathematics (with at least a grade C or better)
- At least two passes at ‘A’ level in both Mathematics and Statistics and one Commercial subject preferably Economics or Accounting.
SPECIAL ENTRY
Applicants without the appropriate 'A' Level qualifications for entry but who have passed exams from any actuarial professional body as well as relevant working experience and who satisfy the University and the Department of their ability to complete the degree study programme satisfactorily will be considered.
Entry Requirements
Normal Entry
Applicants who wish to study for a Bachelor of Commerce Honours Degree in Risk Management and Insurance must have the following qualifications or their equivalent:-
- Five ‘O’ level passes including English and Mathematics
- At least two passes at ‘A’ level including Economics, Mathematics or Accounting and any other Commercial subject.
Special Entry
Applicants without the appropriate 'A' Level qualifications for entry but who have professional qualifications from Institutions such as CII (UK), IIS (SA), IRM, ASSA or IFoA as well as relevant working experience and who satisfy the University and the Department of their ability to complete the degree study programme satisfactorily will be considered.
Mature Entry
There is provision for mature entry for persons who may not have academic qualification for entry but who have suitable or relevant post school experience and who satisfy the General Regulations.
Postgraduate
ENTRY REQUIREMENTS
Applicants must be holders of a BSc Honours Degree, Bachelor of Commerce Honours Degree or equivalent with a degree class of at least Lower Second (2.2) in Risk Management, Insurance, Actuarial Science, Mathematics, or Statistics.
Applicants who hold a Commercial degree or equivalent, preferably with a Lower Second Class (2.2) or better, from a recognised University must have an advanced Diploma in Insurance and/or Risk Management from a recognised Institution/Professional body.
Our Staff
