Program Overview

Programme Overview

The BBA Programme in Insurance, Financial and Actuarial Analysis (IFAA) is offered by the Department of Finance of the CUHK Business School. The programme was started in September 2002 and provides an in-depth education in insurance, finance, and actuarial science to students who wish to be actuaries, financial analysts, risk managers in insurance companies, banks, and other financial institutions.

Programme Features

• The programme focuses on fundamental business, economics, mathematics, and statistics, providing students with the necessary grounding for advanced courses.
• Subsequent insurance and finance courses further broaden students’ knowledge in related areas by introducing insurance products, financial markets, and derivative securities as well as basic principles in financial risk management.
• Specialised actuarial science courses cover the mathematics in pricing, valuation, and hedging of a variety of products to prepare students for careers as actuaries in both the life insurance and the non-life insurance sectors.
• These courses also help students master material included in professional actuarial exams administered by international actuarial associations such as the Society of Actuaries in the US.

Learning Goals

By completion of the Programme, our graduates will have acquired specific skills and knowledge that prepare them for exciting and rewarding careers in the insurance industry and related fields.

Academic Structure

The programme includes the following components:

• Elementary courses in business, economics, mathematics, and statistics
• Advanced courses in insurance, finance, and actuarial science
• Specialised actuarial science courses

Career Opportunities

Students who complete the IFAA programme will be in a strong position to begin careers in the insurance industry and related fields, including roles as actuaries, financial analysts, and risk managers in insurance companies, banks, and other financial institutions.