Department of Actuarial Science

The Actuarial Science Programme is designed primarily to support the vision and mission of the University. It is a science that applies mathematical and statistical methods to finance and insurance, particularly to risk assessment to help reach more informed decisions in those areas. Actuaries are professionals who apply mathematical models to improve financial decision-making by evaluating the financial implications of uncertain future events.

Four decades after the establishment of the University of Jos, Actuarial and insurance Science Programme was incubated and hatched by the University’s Senate, which was hitherto headed by Dr. H. Bulus. By 2014, on the directive of NUC, the University Senate decided to split the two programmes in B.Sc. Actuarial Science and B.Sc Insurance, and Dr. Yohanna G. Jugu was appointed the pioneer Programme Coordinator in May 26, 2014 to head the former, with Dr Bulus heading the later. Other pioneer core staff (academic) include, Mr. Kamsen M. Dapim, Mr. Ajita S. Ishaku, Miss Ikeobi N. Rosemary and Mr. Adamu Daniel K. While Dr. Kenneth N. Korve and Prof. M.N. Maiturare were visiting lecturers. Mrs. Lydia Stephen Kyakya was the Confidential Secretary I.

Following the formal approval of the National Universities Commission in 2014, the university admitted 25 UTME candidates as pioneer students for the programme in the 2014/2015 academic session. During the 2015/2016 academic session, students enrollment increased with 53(UTME) and 31(DE) registered students. Currently, 85 UTME and 20 DE candidates were admitted into the Department for the 2016/2017 academic session, which might bring the total number of students for the programme up to 214.

The philosophy of the programme is to teach students how to use scientific tools in managing risks. The programme is primarily designed for students to study and understand the operations of Insurance, Finance, and Investment Companies such as risk and risk management processes, insurance contracts and their kinds.

Admission Requirements

There are two entry requirement categories: Direct Entry (3-year programme) and UTME (4-year programme)
UTME:

Candidates are required to possess at least five WAEC, NECO or NABTEB ‘O’ level credits in English Language and Mathematics and any three subjects from: Principles of Accounts, Commerce, Business Methods, Statistics, Government, or Economics at not more than two sittings to be eligible for registration.

Candidates are required to select English Language and Mathematics and any other two subjects from the following: Principles of Accounts, Commerce, Business Methods, Statistics, Government or Economics for the entrance examination.

Direct Entry: Candidates are required to possess:
Five WAEC, NECO or NABTEC ‘O’ Level Credit in English Language and Mathematics and three subjects from any of the following: Principles of Accounts, Commerce, Business Methods, Statistics, Government or Economics at not more than two sittings with any of the following:

Principal passes at IJMB Examinations in at least two subjects, one of which must be Accounting, Business Management or Economics.
Diploma in Accounting, Finance Studies or Business Administration of the University of Jos or any other recognized University with a pass at not less than Lower Credit;
National Diploma (Accounting, Financial Studies, Business Administration, Banking and Finance, Insurance or any other business course) with a pass at not less than Lower Credit from any recognized Polytechnic or Technical Institutions
N.C.E (Accounting or Business Studies) with very good passes from recognised College of Education or Technical Institutions
Professional Certificates of ICAN, ANAN, CIBN, ACCA, ACIS or any other relevant professional bodies approved by the Senate of the University of Jos
Higher National Diploma (HND) in any field of Business with a pass at not less than Lower Credit from any recognized Polytechnic or Technical Institute

COURSE CONTENT

100 LEVEL COURSES

COURSE CODE		COURSE TITLE	SEMESTER	CREDIT UNIT/HOURS
ACS 111		Elementary Mathematics	1^st	3
ACC 111		Introduction to Accounting I	1^st	3
ACS 112		Business Mathematics I	1^st	3
ACS 113		Elements of Economics I	1^st	3
ACS 121		Business Mathematics II	2^nd	3
ACS 122		Elements of Economics II	₂^nd	3
ACC 124		Introduction to Computer Science	2^nd	3
ACC 121		Introduction to Accounting II	2^nd	3
GST 101		Use of English		4
GST 102		Introduction to logic and Philosophy		2
GST 103		Nigerian People and Culture		2
GST 104		History and Philosophy of Science		3
		TOTAL		38
		ELECTIVES
ACC 125		Legal Methods	2^nd	3
POL 123		Introduction to African Politics	2^nd	2
	TOTAL				5

200 LEVEL

COURSE CODE	COURSE TITLE	SEMESTER		CR. UNIT/HRS
ACS 211	Introduction to Actuarial Science	1^st		3
ACC 211	Introduction to Financial Accounting I	1^st		3
ACC 212	Introduction to Finance	1^st		3
ACS 212	Advanced Mathematics	1^st		3
ACS 213	Economic Theory	1^st		3
ACS 214	Business Statistics 1	1^st		3
BUS 214	Introduction to Business	1^st		3
INS 212	Introduction to Insurance	^1st		3
ACC 222	Introduction to Cost and Mgt. Accounting	2^nd		3

ACS 221	Business Statistics 1I	2^nd		3
ACS 222	Applications of Computer	2^nd		3
BUS 222	Business Communication	2^nd		2
GST 222	Conflict Management		2^nd		2
GST 223	Entrepreneurship Study I		2^nd		2
	TOTAL				39
	ELECTIVES
PSY 214	Industrial Psychology		1^st		2
BAF 216	Elements of Banking and Finance		1^st		2
POL 225	Foundation of Political Economy		2^nd		2
	TOTAL				6

300 LEVEL

COURSE CODE	COURSE TITLE	SEMESTER	CREDIT UNIT/HOURS
ACS 311	Probability and Mathematical Statistics	1^st	3
ACS 312	Operations Research	1^st	3
ACS 313	Commercial Law	1^st	3
ACS 314	Elements of Management	1^st		3
INS 311	Theory of Interest	1^st		3
INS 312	Elements of Risk Management	1^st		3
ACS 321	Research Methods	2^nd		3
ACS 322	Life Contingencies	2^nd		3
ACS 323	Financial Economics	2^nd		3
ACS 324	Actuarial Computing	2^nd		3
INS 322	Life and Health Insurance	2^nd		3
POL 321	Elements of Government	2^nd		3
ESP 321	Entrepreneurship Studies II	2^nd		2
	TOTAL			38
	ELECTIVES
ACC 317	Public Finance	1^st		2
BUS 325	Business Ethics	2		2
	TOTAL			4

400 LEVEL

COURSE CODE		COURSE TITLE		SEMESTER	CREDIT UNIT/HOURS
ACS 411		Research Project		1^st and 2^nd	6
ACS 412		Actuarial Statistics & Mortality Analysis I		1^st	3
ACS 413		Further Life Contingencies		1^st	3
ACS 414		Numerical Analysis I		1^st	3
ACS 415		Business Policy		1^st	3
INS 411		Risk Theory and Insurance		1^st	3
INS 412	Pension Funds and Social Insurance			1^st		3
ACS 421		Quantitative Analysis for Business Decisions		2^nd	3
ACS 422		Actuarial Statistics & Mortality Analysis II		2^nd	3
ACS 423	Theory and Practice of Investment			2^nd		3
ACS 424	Numerical Analysis II			2^nd		3
ACS 425	Valuation of Liabilities in Insurance		2^nd				3
ACC 421	Financial Management		2^nd				3
	TOTAL						42
	ELECTIVES
INS 414	Reinsurance			1^st		3
INS 422	Insurance Brokerage			2^nd		3
	TOTAL					6