City, University of London

Course Introduction

The UK Institute and Faculty of Actuaries accredits the MSc in Actuarial Management course. Indeed, Cass Business School was the first institution in the UK to have both undergraduate and postgraduate programmes fully accredited by the UK Institute and Faculty of Actuaries.

Consequently, the course allows you to study the key areas of actuarial practice whilst also offering the opportunity to gain exemptions from the examinations of the UK Institute and Faculty of Actuaries.

In particular, students are able to gain exemptions in Actuarial Risk Management (Subject CA1), Communications (Subject CA3) and most of the Specialist Technical (or ST) subjects*

In addition, students who have outstanding Core Technical (or CT) subjects are able to gain exemptions in many of these also (covers Subjects CT2, CT4, CT5, CT6 and CT8 only).

The MSc in Actuarial Management also provides a good foundation for students preparing for examinations of the professional bodies in other countries (including the United States, Canada and Australia).

Course Modules

Term 1

' Actuarial risk management

' Life Insurance

' Pensions and Other Benefits

' Finance and Investment

' General Insurance ' Reserving and Capital Modelling

' Finance and Financial Reporting

Term 2

' Health and Care

' Strategic management and marketing

' Finance and Investment

' Modelling

' Contingencies

' Statistical Method

' Financial Economics

' General Insurance ' Pricing

Model Documentation, Analysis and Reporting (Non'exemption module)

Term 3

' MSc Research Project

Start Date:


Duration & Attendance Qualification Tuition fees Fee type
1 year
Full Time
MSc £20,000 Home Fees
1 year
Full Time
MSc £20,000 Overseas Fees
2 years
Part Time
MSc £10,000 Home Fees
2 years
Part Time
MSc £10,000 Overseas Fees

Qualifications required:

  • A UK 2.1 or above and/or a Masters Degree/Postgraduate Diploma (from a UK university or equivalent) in a related subject and already covered the fundamentals of actuarial science at university degree or professional level
  • Applicants are required to have passed and/or as a result of previous studies, be exempted from a minimum of FIVE of the Core Technical (CT) examinations of the UK Actuarial Profession (with the exception of CT9). These would be expected to include Subject CT1 (Financial Mathematics), Subject CT3 (Probability & Mathematical Statistics) and Subject CT7 (Economics), which represents the fundamentals of actuarial science*.
  • *Exceptions to these requirements can be made by the admissions office on a case-by-case basis.
  • Students who are new to the field of actuarial science should apply for the MSc in Actuarial Science (covering all eight of the Core Technical examinations of the UK Institute and Faculty of Actuaries).
  • Applicants will need to submit two references, one of which MUST be an academic reference.