Actuarial Science

Actuarial Science is the application of mathematics, statistics, and risk theories to the design of insurance and pension programs. Actuaries' areas of expertise are extensive and involve a wide range of business aspects such as, operations research, finances, economics, investment analysis, analysis of medical risk, accounting, legal and regulatory aspects of insurance and pensions, among others. In other words, actuaries apply mathematical skills to the business environment, and they are experts in risk management. The actuarial profession offers continuous challenges and it requires a strong mathematical ability along with proficiency in various business skills. It is also a rewarding career with excellent opportunities for intellectual development and financial gain.

An actuary is a Fellow of the Canadian Institute of Actuaries (FCIA); this professional designation is granted after three years of practical experience and successful completion of a series of required courses. Members can achieve their fellowship by completing the Society of Actuaries exam system (covering life insurance, health insurance and pension topics) or the Casualty Actuarial Society exam system (covering property and casualty insurance topics). Under the Canadian Institute of Actuaries University Accreditation Program, University of Regina students can obtain exemptions to up to four preliminary exams under either system.

The BSc in Actuarial Science is the only program of its kind in Saskatchewan, and it is one of only 11 programs nationally that are accredited by the Canadian Institute of Actuaries.

Further information on Actuarial Designations and Qualifications can be found at the Canadian Institute of Actuaries.

BSc Program

Click here to view/download the course requirements for this program.  The BSc in Actuarial Science is the only program of its kind in Saskatchewan, and it is one of only 11 programs nationally that are accredited by the Canadian Institute of Actuaries.

Suggested Four Year Schedule

Fall Semester

Winter Semester

Year 1

MATH 110 
STAT 160 
CS 110 
ENGL 100 
Natural Science Elective

MATH 111 
MATH 122 
ENGL 110 
Natural Science Elective
Arts/Fine Arts Elective

Year 2

ACSC 116 
MATH 261
STAT 251 
ECON 201
Arts/Fine Arts Elective

ACSC 216 
ACSC 217 
MATH 213
STAT 252
Science Elective (not ACSC)

Year 3 ACSC 317 
STAT 351
STAT 354
BUS 285 
(Science Elective, not ACSC)
ACSC 318 
STAT 426 → ACSC 316*
ECON 202
BUS 395 
Science Elective (not ACSC)
Year 4** ACSC 417 
ACSC 390AA-ZZ or Open Elective 
ACSC 418
Open Elective 
Science/Arts/Fine Arts Elective
ACSC 456 
ACSC 419
Math/Stats course level 300 or above
Open Elective 
Open Elective

* ACSC 316 may replace STAT 426 as an BSc ACSC program requirement.

** At the completion of the third year of study, students have the option of applying for a one-year internship program, then returning to complete their studies the following year.

For further information on course schedules, use the Course Planner.

Enquiries and Internship

Students interested in the Actuarial Science Internship should consult the Academic Program Coordinator at the beginning of their third year of study.