The undergraduate degree program in Actuarial Science is
intended to provide a broad, general business education and, in
conjunction with selected courses in insurance, mathematics,
accounting, economics, and finance, to teach students the common
actuarial tools of risk measuring, analyzing and pricing, in order
to prepare them for actuarial examinations that lead to
certification by the Casualty Actuarial Society and the Society of
Actuaries.
The program will prepare graduates who:
Demonstrate the ability to apply the
competencies of the discipline.
- Describe and illustrate the process to identify, measure, and
manage risk and exposure to catastrophe losses.
- Identify appropriate probability pricing models for insurance
products and contingent events.
- Describe and illustrate fundamental actuarial concepts and
practices for life contingencies and morbidity.
- Describe and apply the mathematical techniques and experience
with the modeling of actuarial survival, severity, frequency and
aggregate models.
Demonstrate recognition and understanding
of broad business competencies.
- Describe the financial reporting process and how accounting
systems control business operations.
- Describe the importance of economic analysis on the global and
national economy.
- Recognize market needs and develop new markets.
- Apply management and human resources development theories to
human resource issues and organizational problems.
- Use office productivity software (data bases, presentation
graphics, word processing, spread sheets, and Internet research)
effectively and efficiently.
- Identify sources of capital, and analyze the impact of
participation in the global capital markets.
- Describe the legal and regulatory environment and analyze the
impact of changes in relevant requirements, constraints, and
competitive practices.
- Describe the use of statistical techniques to analyze business
data and discern relationships.
- Formulate an effective business plan for an organization.
Apply business knowledge, skills, and
values effectively in a variety of settings.
- Conduct research using primary and secondary sources.
- Write cohesively organized material with consistently correct
grammar and mechanics in a style appropriate to the issue.
- Deliver effective presentations that engage the entire
audience.
- Communicate and exchange information within a meaningful
context and with appropriate delivery so that it is understood by
individuals with diverse capabilities and interests.
- Motivate individuals and groups to achieve results.
- Demonstrate capability to give and receive appropriate feedback
in a team situation.
- Link data, knowledge, and insight from various disciplines to
provide information for decision-making.
- Describe the effects of technology on the broader business
environment and determine how new technologies should best be
incorporated into organizations.
- Determine the nature of a situation, analyze available
statistical data, and decide on the principles and techniques
needed to solve problems or make judgments.
Demonstrate an understanding of
professional responsibility, ethical obligations and social
awareness.
- Identify the ethical considerations and legal ramifications of
a business decision and propose a course of action for individuals
and firms.
- Describe the appropriate action to take in an ethically
ambiguous situation.
- Identify local, national and global current events and
understand their ethical impact on society and business.
- Describe how an individual or a firm maintains a reputation for
excellence in the performance of responsibilities.
Appreciate the Vincentian value of
service.
- Complete a service-learning project and/or demonstrate
involvement in community or charitable service.
- Participate in experiential learning projects.