NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES
Deemed University
ONE YEAR FULL TIME
Post Graduate Diploma Programme
in Actuarial Science (PGDAS)
Actuarial
Science and Applications
The subject of Actuarial Science
has derived its roots from Mathematics, Statistics, Economics and Finance. It
has applications in the field of Life insurance, General insurance, Health
insurance, Reinsurance, Calculation of Gratuity, Pension, Leave Encashment,
Asset Valuation, Pricing of Securities and Derivatives, Risk Valuation, Risk
Management and so on. An actuary is a financial problem-solver with a unique
blend of mathematical, analytical and business skills. Actuaries, utilizing
their mathematical and statistical skills, analyze past events, assess present
risks and model the future. Actuarial skills are valuable for any business
managing long-term financial projects both in the public and private sectors.
Relevance of
this Course
In the last few years India has
witnessed entry of foreign insurance companies setting up joint-venture
insurance companies in India to serve us better by providing flexibility and
wider choices. Also entry of derivatives in the financial market is making
capital market more matured. Both these have led to a spurt in the demand of
professionals called actuaries.
The Programme
Looking at the vertically growing
demand of actuaries and widening gap between demand and supply, we at NMIMS have
thought of introducing a Post Graduate Diploma in Actuarial Science.
The Actuarial Science Programme
was launched in 2003 at NMIMS (Deemed University). It is a unique programme of
its kind for the first time in India, to help meet the instructional needs of
actuarial science fellowship aspirants. The objective of the programme is to
assist these students prepare well in a short time for a large no. of papers of
the fellowship programme so that the process of their getting qualified gets
expedited. It is eventually meeting the need of the industry in India as
globalization of insurance sector has lead to large gap between demand and
supply of actuarial professionals and continuously rising demand with almost
negligible supply.
The students successfully
completing the course will be awarded a diploma in Actuarial Science by NMIMS
deemed university. More importantly, the students will be rigorously trained for
as many as 10 papers out of 16 papers needed to become an Actuarial Fellow.
Salient
Features of the Programme
Offered for the first time in
Asia under the University system
A Fast Track Catalyst to the
prestigious Fellowship of the Actuarial Societies in the world
Coverage beyond 100 series and
200 series papers of ASI, IOA (UK) and FOA (UK)
Classroom lectures by expert
faculty members
Specially designed up-to-date
exhaustive study material by eminent educationists and actuaries
Case studies
Assistance in procuring
educational loan to meet the expenses for the course
Eligibility
A recognised degree with a
minimum of 50% marks in the degree examination or Membership of ICAI or ICWAI or
ICFA
Good Communication Skills
Candidates who are graduates or
postgraduates in Statistics/ Mathematics/ Economics
OR
Employees of Actuarial
Departments of Insurance/ Finance/ Consulting Companies
OR
Associates/fellows of Insurance
Institute of India may be preferred
For admissions and other
details, contact:
NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES,
V. L. Mehta Road, Vile Parle (W), Mumbai - 400 056.
Tel: (022) 26134577.
Fax: (022) 26114512.
E-mail: [email protected]
Website: www.nmims.edu
