The actuarial science program of Malaysia’s Sunway University has received accreditation from the Education Committee of the Institute and Faculty of Actuaries (IFoA), United Kingdom.

This accreditation will provide the university’s students in the BSc (Hons) in Actuarial Studies programme maximum professional papers exemptions based on the new IFoA curriculum, according to a statement by the university.

Currently, less than 50 institutions in the world offer IFoA-approved exemptions. Around 20 of these offer the maximum level of exemptions, with only six universities located in Asia. Aside from Sunway, these are: Nanyang Technological University in Singapore, University of Hong Kong, Chinese University of Hong Kong, Central University of Finance and Economics in China, and the University of International Business and Economics, also in China.

Students in Sunway’s programme can gain entry into the Malaysian Insurance Institute (MII) professional course through an accelerated pathway where students are eligible for exemptions of up to 11 out of 14 AMII modules. The programme is also accredited by the Finance Accreditation Agency (FAA), an international and independent accreditation body for the financial services industry.