Bachelor of Science in Actuarial Science and Risk Analytics
Insurance penetration in Uganda remains among the lowest in the world, and one binding constraint is the near absence of qualified actuaries to price, reserve and regulate products for African risk profiles. The profession is also being res...
Employment thesis
What this programme is designed to produce
Forward publishes the destination of every programme before you enrol. If the thesis stops holding, the programme is reviewed and, where necessary, retired. Next review: 2031.
Roles
- Actuarial analyst
- pricing analyst
- reserving analyst
- risk analyst
- pensions analyst
- insurance data scientist
- capital and solvency analyst
- regulatory actuary.
Employer types
- Insurers and reinsurers
- pension funds and administrators
- actuarial consulting firms
- banks and financial risk functions
- the insurance regulatory authority
- health financing schemes
- agricultural and climate insurance providers
- and international actuarial firms.
Target outcomes we hold ourselves to
- A small, high value, structurally under supplied profession with exceptional international mobility and strong salary progression through professional examinations.
Compulsory · The Forward Core
How the Core works →Every Forward programme, including this one, carries the same five cross-cutting requirements. They are graded, not optional.
- AI Fluency
- Quantitative Reasoning
- Ethics and African Context
- Human-Advantage Skills
- Enterprise
Includes 12 months paid work-integrated learning
Am I eligible?
Check yourself against the published requirements
7 questions written specifically for Bachelor of Science in Actuarial Science and Risk Analytics. Every answer is checked against a requirement Forward has published, and the result tells you which page that requirement comes from. Indicative only, the admissions office decides on your full file.
What is the highest qualification you hold or are completing?
Curriculum structure
The same degree, in both pathways
Every Forward programme is published in both pathways: Path One, the term plan of two six-month terms, and Path Two, the block sequence of twelve four-week blocks. Same competencies, same assessments, same award. Toggle to see this programme in each.
Path One term plan shown
Path One · The Term Model
| Code | Course | CU | Hours |
|---|---|---|---|
| FDC 101 | AI Fluency I: How Intelligent Systems Work Both | 4 | 2-2-0 |
| DBF 110 | Calculus and Mathematical Methods Objective | 5 | 4-2-0 |
| DBF 111 | Probability Theory Both | 5 | 3-2-2 |
| DBF 112 | Programming and Statistical Computing Performance | 5 | 2-2-4 |
| DBF 113 | Financial Mathematics and Compound Interest Both | 4 | 2-2-2 |
| Code | Course | CU | Hours |
|---|---|---|---|
| FDC 102 | Quantitative Reasoning and Evidence Both | 4 | 2-2-0 |
| DBF 130 | Statistical Inference and Regression Both | 5 | 3-2-2 |
| DBF 131 | Stochastic Processes Both | 5 | 3-2-2 |
| DBF 132 | Life Contingencies I Both | 5 | 3-2-2 |
| DBF 133 | Economics and Financial Markets Both | 3 | 1-2-2 |
| COP 190 | Workplace Immersion (4 weeks, recess term) Performance | 0 | 0-0-0 |
| Code | Course | CU | Hours |
|---|---|---|---|
| FDC 201 | Ethics, Society and the African Context Both | 4 | 2-2-0 |
| DBF 210 | Life Contingencies II and Reserving Both | 5 | 3-2-2 |
| DBF 211 | General Insurance Pricing and Reserving Both | 5 | 3-2-2 |
| DBF 212 | Machine Learning for Insurance and Risk Performance | 5 | 2-2-4 |
| DBF 213 | Survival Models and Mortality Analysis Both | 3 | 1-2-2 |
| Code | Course | CU | Hours |
|---|---|---|---|
| FDC 202 | Human Advantage: Argument, Writing and Teams Both | 4 | 2-2-0 |
| COP 290 | Co-operative Education Placement I (6 months) Performance | 10 | 0-0-0 |
| DBF 230 | Actuarial Practicum: Live Pricing or Reserving Engagement Performance | 5 | 0-0-0 |
| DBF 231 | Pensions, Retirement and Benefit Design Both | 3 | 1-2-2 |
| Code | Course | CU | Hours |
|---|---|---|---|
| FDC 301 | AI Fluency II: Building, Evaluating and Auditing Both | 4 | 2-2-0 |
| COP 390 | Co-operative Education Placement II (6 months) Performance | 10 | 0-0-0 |
| DBF 310 | Enterprise Risk, Capital and Solvency Regulation Both | 5 | 3-2-2 |
| DBF 311 | Climate, Catastrophe and Agricultural Risk Modelling Performance | 3 | 1-0-4 |
| Code | Course | CU | Hours |
|---|---|---|---|
| FDC 302 | Enterprise, Employability and Financial Literacy Both | 4 | 2-2-0 |
| FDC 401 | AI Fluency III: Domain Deployment, Governance and Assurance Both | 3 | 1-2-0 |
| FDC 402 | Capability Portfolio and Day One Preparation Both | 3 | 1-2-0 |
| DBF 330 | Actuarial Capstone: Institutional Commission (client verified) Performance | 8 | 0-2-14 |
| DBF 331 | Health Insurance, Financing and Microinsurance Both | 4 | 2-2-2 |
Total credit units: 133
Curriculum source
Forward University Curriculum Compendium
Assessment
Coursework + project + integrated exam
Work-integrated learning
12 months paid co-operative education
Your week at Forward
A typical week on Bachelor of Science in Actuarial Science and Risk Analytics
Path One, the Term Model: your own pace across a six-month term, one live session a week, short flexible lessons, and assessment on demand.
Monday
Tuesday
Wednesday
Thursday
Friday
Curriculum explorer
Drill into the degree, step by step
Choose a study path, then a year, then a term or block, then a course. Credit totals add up as you go, and every course shows what comes before it and what it unlocks.
Step 1, choose a year
Step 2, choose a term
TERM 1 (SIX MONTHS) | FORMERLY YEAR 1, SEMESTER 1
Year 1 · this step is worth 23 CU
Cumulative
23
Programme total
132
23 CU of 132 CU completed by the end of this step (17%)
Step 3, choose a course
Pick a course to see the detail
Credits, assessment, prerequisites and what each course unlocks later.
The twelve Forward capabilities
What this programme develops in you
Every Forward degree develops the same twelve cross-cutting capabilities. The profile below is the level this programme is designed to develop and verify by graduation, on the four-level scale in Part B2 of the Curriculum Compendium. Every claim above Level 2 is verified by someone other than the teaching lecturer.
- C1Intelligent Systems Fluency CriticalLevel 4 of 4, Leading
- C2Quantitative and Evidential Reasoning CriticalLevel 4 of 4, Leading
- C3Ethical and Contextual Judgement CriticalLevel 4 of 4, Leading
- C4Communication and PersuasionLevel 4 of 4, Leading
- C5Disciplinary Mastery CriticalLevel 3 of 4, Independent
- C6Technical Production and CraftLevel 3 of 4, Independent
- C7Problem Framing and Systems ThinkingLevel 4 of 4, Leading
- C8Collaboration and Multidisciplinary TeamingLevel 4 of 4, Leading
- C9Enterprise, Value and Commercial LiteracyLevel 3 of 4, Independent
- C10Professional Conduct and Workplace PerformanceLevel 4 of 4, Leading
- C11Learning to Learn and Adaptive CapacityLevel 3 of 4, Independent
- C12Stewardship and Public ContributionLevel 4 of 4, Leading
Critical capabilities for this programme: Intelligent Systems Fluency · Quantitative and Evidential Reasoning · Ethical and Contextual Judgement · Disciplinary Mastery. A graduate cannot pass out of this programme below the stated level on any capability marked critical.
Programme Learning Outcomes
What you will be able to do
Each outcome is assessed, and each is tagged with the Forward capabilities it is verified against.
- PLO 1Apply probability, stochastic processes and financial mathematics to contingent cash flows.
- PLO 2Price and reserve insurance and pension products using appropriate models.
- PLO 3Build and validate predictive models on insurance and risk data.
- PLO 4Apply survival, mortality and morbidity analysis to African population data.
- PLO 5Assess enterprise, capital and solvency risk under regulatory frameworks.
- PLO 6Model climate and catastrophe risk for insurance and financing decisions.
- PLO 7Communicate technical risk conclusions to non-technical decision makers.
Why this programme exists
Insurance penetration in Uganda remains among the lowest in the world, and one binding constraint is the near absence of qualified actuaries to price, reserve and regulate products for African risk profiles. The profession is also being res...
Admission requirements
UACE with principal passes in Mathematics and one of Economics, Physics, Chemistry or Geography, plus UCE with five passes including Mathematics and English. A mathematics entrance assessment is required. Alternative pathways: Foundation Year, diploma entry with advanced standing, mature age entry and recognition of prior learning, all governed by Part A5 and Part G. Online applicants additionally complete the compulsory Digital Readiness orientation under Part D6.
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