Why Hire U of T Actuarial Science Graduates?

The Department of Statistics and Actuarial Science, the focal point for statistical teaching and research at the University of Toronto, is highly ranked internationally. The department offers courses in actuarial science, probability theory, applied statistics, statistical computation, and theoretical statistics.

Taught by faculty whose research is renowned worldwide, our students learn from the very best in their field, acquiring keen analytical and problem-solving skills.

Graduates of the Actuarial Science program are equipped with fundamental knowledge in economics, finance, and computer science, and advanced knowledge in mathematics, probability, statistics, and the modelling and simulation of actuarial risks. They are ready to calculate insurance, investment and pension plan financial risks, and find appropriate solutions. By the time they graduate, many students will have passed some of the exams set by the Society of Actuaries or the Casualty Actuarial Society.

Leading Edge Facilities

Traditionally a leader in experimenting with the latest technologies, the computing facility at the Department of Statistics is by far the best in Canada, and second to none in the United States.

Fields Institute

The Actuarial Science and Mathematical Finance research group discusses problems and methods that arise in finance and actuarial science. These informal meetings are held at the Fields Institute for Mathematical Sciences. Talks range from original research to reviews of classical papers and overviews of new and interesting mathematical and statistical techniques/frameworks that arise in the context of finance and actuarial science. Our students benefit from attending sessions at this impressive institute on the University of Toronto campus.

Expertise Developed

• Ability to model, forecast, and value insurance and investment risks
• Knowledge of actuarial applications of financial mathematics and economics
• Ability to choose the right theories and methods to determine life insurance and annuities
• Knowledge of assets, liability, and investment management for pension plans
• Proficient in computer skills with emphasis on statistical analysis programs and database manipulation
• Capability to communicate effectively and formulate recommendations for financial risk management

Notable Alumni

• Simon R. Curtis – EVP and chief actuary, Manufacturers Life Insurance Co.
• Barry S. McInerney – managing director, Investment Strategy and Services, Russell Investment Group
• Ronald J. Harasym – vice-president and actuary, New York Life Insurance Co.
• Anna Manning – vice-president and actuary, Traditional Products, RGA International Corp.
• Anna Louie – Manulife Financial
• Wai Keung Lo – regional actuarial director, Hannover Life Re
• David P. M. Scollnik – professor, University of Calgary

Jobs for Which Our Graduates Are Ready

Student Groups on Campus

The Statistics and Actuarial Science Student Union organizes social events, industry talks, and academic seminars, and facilitates communication between undergraduates, faculty, and industry. The Actuarial Science Club promotes the actuarial profession on campus, organizes study sessions and seminars, and provides information to students on actuarial exams. Through club sponsorships or partnerships, employer involvement can be an excellent opportunity to meet students and create awareness on campus.