KUCCPS 2022/2023 Cut Off Points Per Course; Bachelor of Science (Actuarial Science) (B. Sc)
KUCCPS News Today; The Bachelor of Science- Actuarial Science is one of the top 10 marketable courses in Kenya that is highly sought after in Kenya. The Kenya Universities and Colleges Central Placement Service, KUCCPS has released new cut-off points and entry requirements for applicants wishing to pursue a Bachelor of Science in Actuarial Science degree Course as follows: Click HERE to see the new KUCCPS entry requirements and cut-off points for cluster 11-science and related. See the table below
|KUCCPS Course||Cut Off
|Cut off Points
|Career Pathway||Duration||Fees per Semester|
|1||Bachelor of Science in Actuarial Science||KCSE mean a grade of B with at least a B Plain in mathematics, which is the foundational subject.||Under-graduate-
|KCSE mean a grade of B with at least a B Plain in mathematics, which is the foundational subject.||B+ plus in Maths which is the basic/ foundational subject.||The course prepares students to partake in careers in education in both the private and public sectors. The program is offered to both government non-governmental organizations||Eight to twelve semesters||Tuition Fees per semester are approximately KSH 70,000 but there may be slight variations from one university to the other.|
|A-Level||A holder of Kenya Advanced Certificate of Education (KACE) with 2 principal passes in Mathematics/Physics, Mathematics/Chemistry, Mathematics/Geography, or Mathematics/Economics.||Undergraduate Degree||A holder of Kenya Advanced Certificate of Education (KACE) with 2 principal passes in Mathematics/Physics, Mathematics/Chemistry, Mathematics/Geography, or Mathematics/Economics.
|A holder of Kenya Advanced Certificate of Education (KACE) with 2 principal passes in Mathematics/Physics, Mathematics/Chemistry, Mathematics/Geography, or Mathematics/Economics.||The course prepares students to partake in careers in both the private and public sectors. The program is offered to both government and non-governmental organizations|
Actuarial Science is the profession concerned with the application of mathematical, statistical, probabilistic, and financial theories to solve real business problems. These problems involve analyzing future financial events, especially where future payments involved have certain or uncertain timing. The traditional areas in which actuaries operate are; life and general insurance, pensions, and investment. Actuaries are also increasingly moving into other fields like health insurance, solvency measurements, and asset-liability management, financial risk management, mortality and morbidity investigation, and so on where their analytical skills can be employed. Currently, there is high demand for Actuarial Science expertise locally, regionally, and internationally.
The B.Sc. in Actuarial Science course (which was started in 1999) is designed to equip the students with training in theoretical and practical aspects of Actuarial Science in order for them to work in life and non-life insurance companies (designing insurance products and valuing financial contracts and investing funds); consultancy (offering advice to occupational pension funds and employee benefit plans); government service (supervising insurance companies and advising on the national insurance); and also in the stock exchange, industry, commerce, and academia.
The aim of this programme is to provide students with the opportunity to develop confidence and skills to apply Actuarial Science techniques to solve practical problems in the financial sector and society in general. This course is ideal for those who excel in and enjoy mathematics, in particular modeling and probability, especially those who like asking “What if?”. It will equip the student with the skills to become an actuary and also offers a good starting point for those who want to use their skills in risk management, investment management, or financial analysis.
PHILOSOPHY OF THE PROGRAMME
The philosophy of the programme is to foster excellence in academic freedom, professionalism, and integrity through quality scholarly teaching, training, and research in Actuarial Science.
The objectives of the programme shall be to:
- Equip the students with good knowledge of fundamental principles of the Theory and Methods of Actuarial Science.
- Impart the necessary knowledge in Actuarial Science to enable students in the designing of insurance products, valuation of financial contracts, and modeling of mortality and morbidity.
- Equip the students with skills in Actuarial and Financial Methods necessary for making prudent decisions that inform national development.
At the end of this programme, the student will be able to:
- Explain fundamental principles of Actuarial Science as applied in investments, life and non-life insurance, pension funds, and financial risk management.
- Employ Actuarial Science techniques in the design of insurance products, valuation of financial contracts, and modeling of mortality and morbidity.
- Interpret demographic and financial data to inform prudent decisions in national development
- Demonstrate the ability to apply the principles, methods, and techniques of Actuarial Science that meet the standards of practice required by the relevant professional bodies.