Actuarial Mathematics Major
Actuarial mathematics involves the application of mathematical disciplines, particularly probability, statistics, and risk theory, to real-life financial problems involving future uncertainty. This analytical approach helps people and organizations quantify and reduce financial risk in areas as diverse as life, health, disability, marine, property and casualty insurance; annuities; and pension and employee benefits plans.

The Actuarial Mathematics program at the Asper School of Business prepares students for careers as professional actuaries or post-graduate studies leading to careers as professional actuaries or actuarial researchers.

What is unique about this program at the U of M?

Established in 1912, the University of Manitoba’s Actuarial Program is one of the oldest and most successful in North America. Hundreds of actuaries have graduated from the program over the years; among them, CEO’s and presidents of major insurance companies and consulting firms, as well as world-class researchers and scholars.

The establishment of the Warren Centre for Actuarial Studies and Research as a part of the Asper School of Business makes it possible to continue and enhance the tradition of excellence which has distinguished the university’s actuarial program, while providing students with the educational breadth obtainable through access to business and management-oriented courses. The Warren Centre is the only Canadian actuarial program able to provide students with this powerful career advantage.

The Society of Actuaries recognized the Warren Centre as a Center of Actuarial Excellence in 2009.

Program Requirements

Prior to registration, all students interested in or enrolled in Actuarial Mathematics should consult the Director or a Undergraduate Program Advisor for program planning advice.

Interesting Courses

  • Actuarial Aspects of Investment Practice
  • Economic & Financial Applications
  • Life Insurance Products and Employee Benefit Plans
  • Introduction to Risk Management
  • Financial Derivatives for Actuarial Practice
  • Actuarial Modeling Methods
  • Managing Insurance Operations in the International Business Environment

Typical Careers

  • Technical, business, and organizational positions with life, health, and property/casualty insurers
  • Pension and Employee Benefits Consultant
  • Educator or Researcher
  • Positions with government agencies, banks, and other financial institutions

Student Groups