actuarial mathematics involves the application of mathematical disciplines, particularly probability, statistics, and risk theory, to real-life financial problems involving future uncertainty. this analytical approach helps people and organizations quantify and reduce financial risk in areas as diverse as life, health, disability, marine, property and casualty insurance; annuities; and pension and employee benefits plans.

the actuarial mathematics under the faculty of science is an interdisciplinary program, which meets the minor requirements for statistics, mathematics, and management with two additional business courses taken from asper, covers all the leaning objectives of the first 5 professional examinations and qualifies for all three validation of educational experience credits conducted by the society of actuaries. the curriculum under the asper school of business consists of a total of 120 credit hours including 17 business core (required) courses and a minimum of 4 actuarial major courses.