Executive MA in Actuarial Science
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.
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.
Who Can Apply?
Candidates for admission will normally be holders of BS in Mathematics, BA/BS in Economics or a BS in Business. Other applicants with solid backgrounds in quantitative and computational skills (such as engineers, holders of a BS 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|