BS Actuarial Sciences

Actuarial science emerging with the first applications of life insurances deals with the unpredictable events depending on the randomness and the financial impacts of these events which affects people's life such as birth, death, illness, disability, retirement and affects the personal estate such as fire, accident, earthquake, flood and theft. Actuary is a scientific discipline that requires a very strong mathematical and statistical background, and that includes the full range of calculation and estimation methods for pricing and risk analysis related to insurance, long-term investments and pensions. Expert actuarial scientists trained in modeling, strategy development are needed because of Turkey's frequent exposure to natural disasters, especially earthquakes, creating a financial bridge between east and west with the growing economy, increasing population and having a young population. Thus, the need for Actuarial Sciences program has led it to be among the fundamental and applied sciences, and has necessitated its development and education.