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Executive Master of Actuarial Science (EMAS)
TiasNimbas Business School Utrecht
Masters (MA & MSc ) Dvision
| Application Deadline: | rolling | ||
| Annual Tuition Fee: | ≈ € 12,000 - | ||
| Location: | Utrecht / Netherlands / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 24 months | Start Date: | September |
| Educational Form: |
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| Credits (ECTS): | 60 | ||
| Languages: | English | ||
Location of TiasNimbas Business School Utrecht
The EMAS programme provides in-depth coverage both of the body of actuarial knowledge and the required competences. In particular, the EMAS programme provides participants with the knowledge and competences associated to the status of a fully qualified actuary, as described in the Core Syllabus of the Groupe Consultatif Actuariel Européen, the Core Syllabus of the International Actuarial Association and the CIOTA document, “De Actuaris: Beroeps- en Competentieprofiel”, published in March 2008.
The curriculum mixes concentrated lectures and tutorials with case-based learning in which students work together in small groups, and is rounded off by thesis work on an individual basis. EMAS is structured in such a way that it is indeed possible for participants to combine work with study and to optimize the cross-fertilization between working and learning.
Experience on the job can be incorporated into courses and case studies, and the insights developed in the educational programme are translated back into practice, giving rise to further reflection.
Overview
* State-of-the-art training towards full actuarial qualification (actuary AG)
* Developed in collaboration between the Dutch Actuarial Institute (AI) and TiasNimbas
* Shortest route to becoming actuary AG (AAG) after completing BSc
* Start date: September 2012
* Lectures are mixed with case-based learning
Contents
In summary, the main components of the EMAS programme are: *
* 6 courses (24 ECTS)
* 8 cases (24 ECTS)
* Thesis (12 ECTS)
* Mentor system.
In view of the objectives of the EMAS programme and the broad range of aspects to be covered, the curriculum employs several different methods of tuition:
* Classical lectures and tutorials
* Advanced quantitative techniques, insights in the psychology and the sociology of risk, and training of competences
* A series of integrative case studies done by groups of 4 to 6 participants
* The case studies will cover different fields of actuarial science; they address technical skills as well as competences in for instance project management and communication
* In the final phase of the programme, participants write an individual thesis
* Personal development is monitored by means of a mentor system.
Six Courses (24 ECTS, English)
Four courses are strongly quantitative in nature and are taught successively; the two remaining courses are taught in parallel with these four. Lectures and tutorials for each course are concentrated in four two-day meetings (Friday and Saturday). All courses carry a study load of 4 ECTS. An exemption for certain courses is possible depending on preliminary education.
Depending on the nature of the course, these meetings may combine lectures with computer sessions or with group discussions. In addition to attending the course meetings, participants are required to study the course material and to complete homework assignments. The 6 courses are:
* Statistical Methods
* Valuation and Hedging
* Life Insurance and Pensions
* Risk and Regulation
* Risk Perception and Product Development
* Process Management and Communication
Each course is concluded with an examination.
Eight Cases (24 ECTS, English)
* Participants are able to apply quantitative methods and to address broader issues in financial security systems and financial risk management
* Cases are organized in teams, which gives participants the opportunity to practice skills in process management
* Each team working on a case is supervised by two instructors, one who is a professional practitioner and the other who is an from academic, so as to ensure practical relevance and an appropriate link to the current academic literature
* Cases are concluded in a presentation meeting
* Evaluation of each team’s performance takes place by the instructors
* After the completion of cases, teams have a meeting in which they evaluate the role of each team member in the process leading to the final result
Case Titles
* Long-term care insurance
* Run-off triangles
* Overcharging
* Universal life
* Traditional vs. market-based valuation
* Recovery plan
* Life style insurance
* Risk management in casualty-liability insurance
Thesis (12 ECTS, English)
The thesis constitutes proof of the individual qualities of the participant and of his of her ability to carry out a penetrating analysis of a specific topic. To enable participants to obtain support from each other, thesis projects are organised in groups around common risk themes, such as “pensions reform” or “Solvency II”. Each thesis group consists of four to six participants together with their supervisor. The groups meet every three or four weeks. Supervisors are also available for consultation outside the group meetings, for instance with respect to specific technical issues that are less suitable for group discussion.
* This programme information can be subjected to change.
IELTS
You are normally required to take an English Proficiency Test.
Most European Universities recognise the IELTS test.
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Register Now!Requirements
* Knowledge of mathematical analysis, linear algebra, probability theory and statistics
* Knowledge of financial economics, macroeconomics and microeconomics
* Knowledge of actuarial science at the level of introductory courses on risk theory, life insurance and asset/liability management
* Knowledge of the legal and institutional structures that apply to the insurance and pension industries
The subjects mentioned above should be mastered at the level of the transition programme offered by AI.
Accreditation
There are many different accreditation agencies and the following highlights the
most important ones for TiasNimbas and its programmes.
The Association of MBAs (AMBA) is an international organisation that has accredited all our MBA programmes, including those offered in partnership with Bradford University School of Management. In addition, Bradford University is accredited by EQUIS.
The IMM (International Executive MBA Programme) is one of our programmes that, through its founding partners and their respective universities, qualifies for the international AACSB accreditation since both Purdue University and Tilburg University are AACSB accredited.In The Netherlands and Belgium, our MSc programme, as well as the Executive Master of Finance and Control (RC) are accredited by the NVAO. (Dutch Flemish Accreditation Organisation).
The following programmes are accredited by the NVAO. (Dutch Flemish Accreditation Organisation):
* International MSc in Business Administration
* Executive Master of Finance and Control (RC)
* Executive Master in Finance
* Executive Master of Business Valuation
* Executive Master of Management and Organisation
The TiasNimbas Master in Real Estate programme is RICS accredited. Created in 1868 and with 130 000 members in 120 countries, the Royal Institution of Chartered Surveyors (RICS) represents professionals working in property, land and the built environment all around the world.
The International Executive Doctorate (DBA+PhD), offered in partnership with the Cranfield University School of Management, is accredited by the Economic and Social Science Research Council (ESRC). This programme is one of only six in the UK to be recognised.
TiasNimbas is accredited by CEDEO for Accountancy Programmes. A selection of programmes at TiasNimbas is available for achieving the PE (permanent education) requirements for Royal NIVRA (Koninklijk Nederlands Instituut voor Registeraccountants).
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Relevant Links
- Programme website
- TiasNimbas website
- StudyinHolland.nl : Information on why and what to study in The Netherlands.
- Student Experiences about The Netherlands - STeXX.eu
- StudyinHolland Youtube Channel
- Nuffic - Netherlands organisation for international cooperation in higher education
- Nuffic Grand Finder
- Nuffic Study Finder
- Holland Alumni network
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