What is Actuarial Science?
Is a discipline that assesses financial risks in insurance and financial fields using mathematical and statistical methods. Actuarial science applies the mathematics of probability and statistics to define, analyse and solve the financial implications of uncertain future events. Traditional actuarial science largely resolves around the analysis of mortality and the production of life tables, and the application of compound interest.
ASSAUD stands for “Actuarial Science Student Association of the University of Dar es Salaam”. It is a student-run association for those interested or majoring in actuarial science at the University of Dar es Salaam. A career in actuarial science utilizes a person’s knowledge in mathematics, economics, finance, and risk theory in the business world. Our members range in age from freshmen to graduate students. We encourage interaction among students, faculty, and industry professionals.
What do we do?
ASSAUD strives to provide members with a better understanding of the actuarial field, create the opportunity to build relationship among actuarial students and faculty, expose students to professional applications of actuarial science, provide resources for actuarial students and engage in positive community volunteer work.
ASSAUD is also dedicated to educate the public on what ‘Actuarial Science’ is and what one can do/become when he/she pursues a degree in Actuarial Science at the University of Dar es Salaam or at any other university around the world. We do this by visiting high schools and teaching students on the subject and also giving the tips on what it takes to be an actuary. Who is an Actuary? An Actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries have a deep understanding of financial security systems, their reasons for being, their complexity, their mathematics and the way they work.
We run a variety of events to strengthen our students’ leadership, networking, professional, and actuarial skills. Actuarial science students can meet with different officials in different insurance companies, social security and pension funds, the stock market (DSE), banking and financial institutions and the government were the students can present themselves and get to learn more about those fields.
ASSAUD also operates an alumni wing were graduate students from actuarial science at the University of Dar es Salaam can meet with current students in hopes for exchange ideas, share experiences on their jobs and how they work and life in the actuarial field.
Membership requirement
Members of ASSAUD shall be, or shall have been, students at the University of Dar es Salaam who are pursuing (or have pursued) a BSc in Actuarial Science programme.
Members may also be frequently asked to donate some amount of money so as the association may fulfil its regular programs.
Contact us:
Phone: +255(0)786991422
+255(0)689746610
Facebook: https://www.facebook.com/ASSAUD.GR
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