The Department of Actuarial Science and Insurance, Faculty of Management Sciences, UNILAG(ºìÌÒÊÓƵ), proudly celebrates the successful completion of the first cohort of its Institute and Faculty of Actuaries (IFoA)-accredited MSc Actuarial Science Programme. This landmark achievement underscores the University’s commitment to internationalisation, professional education, and the development of actuarial capacity in Nigeria and across Africa.
The pioneer cohort admitted fifteen students, nine of whom earned exemptions from professional examinations under the IFoA qualification framework. These exemptions cover key subjects, including CS1, CS2, CM1, CM2, CB1, and CB2, positioning the graduates for accelerated progression towards professional actuarial qualification.
Beyond the IFoA accreditation, the Department of Actuarial Science and Insurance has also secured two additional prestigious international recognitions:-
- UCAP-AC Status from the Society of Actuaries (SOA), USA, affirming that the Department’s curriculum meets advanced international standards.
- Silver Level Recognition under the Casualty Actuarial Society (CAS) University Recognition Programme, providing enhanced global visibility and professional opportunities for students and graduates.
These achievements bring significant benefits to the University, including:-
- Enhanced international visibility and institutional reputation.
- Increased attractiveness of the actuarial programmes to prospective students and employers.
- Streamlined pathways for students to obtain globally recognised professional actuarial qualifications.
- Access to international actuarial networks, learning resources, and professional development opportunities.
- Expanded prospects for global academic and industry collaborations.
The Vice-Chancellor, Professor Folasade Ogunsola, OON, FAS, on behalf of the Senate, staff, and students of the University, congratulates the Department of Actuarial Science and Insurance on these remarkable achievements, and unwavering commitment to excellence, innovation, and global best practices.
