2018-20

Arizona State University
University Senate

Senate Motion #2018-20

Motion Introduced by: Curriculum and Academic Programs Committee, Caroline Harrison, Chair

Date of First Reading: November 27, 2017

Date of Second Reading: January 29, 2018

Title of Motion: Request from the College of Liberal Arts and Sciences – School of Mathematical and Statistical Sciences – for the establishment of a graduate degree – Actuarial Science

Action Requested: This curricular proposal has received all college, school, unit and university administrative approvals, and is being presented to the Senate for review and voting decision.   

Rationale: This MS program, which may be completed in 12 months, in Actuarial Science will build on the strength, experience, and reputation of ASU. Actuarial Science involves applying mathematical and statistical concepts to the disciplines of risk management, finance, and insurance. While keeping the core technical learning outcomes in place, it was also include a new focused set of professional learning outcomes aligned with the needs of the ever evolving insurance industry. These will guide students' development of professional competencies through coursework, independent projects, and opportunities outside of the classroom, while remaining firmly based on a strong foundation of scholarly technical work in actuarial science. It will emphasize broad awareness and appreciation of current issues faced by insurance industry practitioners as well as innovative resolutions provided by actuaries.