Executive M.A. in Actuarial Science
“Actuaries are recognized for their authoritative advice and valued comment wherever there is financial risk and uncertainty.”
(Casualty Actuarial Society)
LAU makes a pioneering step into the highly regarded study of Actuarial Science, offering an Executive Master Degree to prepare professionals and students to enter the field of risk management.
What is an Actuary?
Actuaries are risk management experts who use mathematics, financial theory, probability, and statistics to predict the likelihood of events and create innovative solutions to minimize risk and its impact. They are creative thinkers, problem solvers, analysts and experienced business professionals with a wide understanding of financial structures.
Executive Master in Actuarial Science at LAU (EMAAS)
In response to a regional demand from the insurance industry, LAU, supported by Medgulf, leads the way with the first Executive Master in Actuarial Science in the Middle East. If you are working in the field of insurance or finance and want to advance your career, our EMAAS offers the highest level of executive education and training that can be combined with a full-time career. We provide the solid academic core and deep understanding of the market to prepare you for a successful career as an Actuary.
Candidates for admission will normally be holders of B.S. in Mathematics, B.A./B.S. in Economics, or B.S. in Business. Other applicants with solid backgrounds in quantitative and computational skills (such as Engineers, holders of a B.S. in Computer Science) will be considered. As this is a professional program, neither the GRE nor the GMAT will be admission criteria. General university admission requirements are explicitly stated in the graduate admissions page.
The credits are divided into two categories: 27 core credits and 9 specialized credits that allow students to concentrate on either Insurance Management or Actuarial Mathematics.
The program offers 1-credit, 1.5-credit, 2-credit, or 3-credit courses. Each credit is equivalent to 14 hours offered on evenings or on Saturdays at the new LAU Executive Center at Solidere or on the Beirut campus. No prerequisites are required for the courses. Students can enroll in any course at any time during the year.
Courses are scheduled in a way so that students earn the EMAAS in two years.
I. Core requirements (14 credits)
|ACT711||Actuarial Statistics I||3|
|ACT712||Introductory Financial Mathematics||1.5|
|ACT722||Group Life and Health Insurance||3|
|ACT723||Individual Life and Annuity Insurance||2|
II. Electives (13 credits)
|ACT726||Innovation Discipline in Insurance||1|
|ACT727||Insurance Laws and Insurance Intermediaries||2|
|ACT728||Insurance Compliance and Corporate Governance||1|
|ACT731||Business Analytics for Executive||1.5|
|ACT732||Executive Operations Management||1.5|
|ACT734||Executive Leadership and Communication Skills||1.5|
|ACT735||Accounting for Executives||1.5|
|ACT736||Corporate Financial Strategy||1.5|
|ACT738||Duration and Cashflow Matching for Insurance||1|
|ACT742||Introduction to Life and Non-life Reserving||2|
|ACT746||Valuation of Insurance Portfolios||1|
|ACT798||Topics in Actuarial Science||1.5|
III. Concentration Area (9 credits)
A. Actuarial Mathematics
|ACT744||Actuarial Statistics II||3|
|ACT799A||Case Studies in Actuarial Mathematics||3|
B. Insurance Management
|ACT754||Property, Liability and Other Lines||3|
|ACT755||Personal Auto Policy||2|
|ACT756||Claims Management / Insurance Fraud||1|
|ACT799B||Case Studies in Insurance Management||3|
Some of the courses in the EMAAS program are cross-listed with the Executive MBA program. Please find a list of these courses below.
|Actuarial Science Course||EMBA Course|
|ACT731||Business Analytics for Executives||QBA730||Business Analytics for Executives|
|ACT732||Executive Operations Management||OPM711||Executive Operations Management|
|ACT733||Strategic Marketing Research||MKT725||Strategic Marketing Research|
|ACT734||Executive Leadership & Communication Skills||MGT751||Executive Leadership & Communication Skills|
|ACT735||Accounting For Executives||ACC711||Accounting For Executives|
|ACT736||Corporate Financial Strategy||FIN721||Corporate Financial Strategy|
This program can be completed in 2 years.
This program is offered in Beirut at the LAU Executive Center in Solidere.
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More about this program
- Mission, objectives and intended outcomes
- Program Philosophy, International Examination and Career Potential
For current students