Statistics and Actuarial Science
Welcome to Stellenbosch University

Undergraduate Actuarial Science

​Here you can find information regarding the undergraduate actuarial science programme offered in the department. 

See the Faculty Calendar (Yearbook) for a more detailed description of the various modules.

​BCom (Actuarial Science)

This programme is aimed at assisting students to obtain the professional qualification of an Actuary. Successful students can obtain a maximum of 8 exemptions from the examinations of the Actuarial Society of South Africa (ASSA) during the undergraduate programme based on satisfactory performance in university modules equivalent to ASSA subjects.

The ASSA subjects from which exemptions are available in the undergraduate programme are: A111, A112, A113, A211, A212, A213, A214 and N111. Further exemptions are available in the postgraduate programmes.

Curriculum 2020

First Year (154 credits)

Compulsory Modules
​First Semester
Second Semester​
​Actuarial Science
112 (8 credits)
142 (16 credits)​
​Business Management
​113 (12 credits)
​142 (6 credits)
​Computer Science
​113 (16 credits)
​N/A
​Economics​114 (12 credits)
​144 (12 credits)
​Financial Accounting
​188 (24 credits)
​Mathematics​114 (16 credits)
​144 (16 credits)
​Probability Theory and Statistics
N/A​144 (16 credits)​


Second Year (136 credits)

Compulsory Modules
First Semester​Second Semester​
​Actuarial Science
​211 (18 credits)
241 (22 credits)​
​Economics​214 (16 credits)
​N/A
​Financial Risk Management
​212 (8 credits)
​N/A
​Mathematical Statistics
​214 (16 credits)
​245 (8 credits)
246 (8 credits)
​Mathematics​214 (16 credits)
​244 (16 credits)
Elective Modules (at least 8 credits):
​Economics​N/A​244 (16 credits)
​Financial Risk Management
​N/A​242 (8 credits)


Third Year (144 credits)

Compulsory Modules
First Semester​Second Semester​
​Actuarial Science
311 (24 credits)​341 (24 credits)
​Actuarial Science
371 (32 credits)​
​Mathematical Statistics
312 (16 credits)
316 (16 credits)​
344 (16 credits)​
364 (16 credits)