This undergraduate program prepares students with the analytical, statistical, and financial tools necessary for roles in insurance, risk management, and actuarial science. Through practical applications, core business training, and mathematics-focused courses, students gain in-demand skills applicable across public and private sectors.
Semester I
BUS 101 — Intro. to Business & Management
COMP 103 — Computer Application I
ECON 101 — Microeconomics
MAT 101 — Business Mathematics
EGL 101 — Development of Reading Skills
NH 001 — National History I
Semester II
ACTS 102 — Principles of Insurance and Actuary
COMP 104 — Computer Application II (Prereq: COMP 103)
ECON 102 — Macroeconomics
MAT 102 — Business Mathematics II (Prereq: MAT 101)
EGL 102 — Development of Writing Skills (Prereq: EGL 101)
NH 002 — National History II (Prereq: NH 001)
Semester III
ACTS 201 — Principles of Life Insurance
ACTS 203 — Insurance Accounting I
BUS 205 — Statistics I (Prereq: MAT 101, MAT 102)
ACTS 207 — Insurance Law
CS 201 — Communication Skills I (Prereq: EGL 101, EGL 102)
TURK 001 — Turkish I
Semester IV
ACTS 202 — Insurance and Risk Management
ACTS 204 — Insurance Accounting II (Prereq: ACTS 203)
BUS 206 — Statistics II (Prereq: BUS 205)
ACTS 206 — Financial Statement Analysis
CS 202 — Communication Skills II (Prereq: EGL 101, EGL 102)
TURK 002 — Turkish II (Prereq: TURK 001)
Semester V
ACTS 301 — Health Insurance
ACTS 303 — Social Security Systems
ECON 305 — Money and Banking
ACTS 305 — Pension Mathematics (Prereq: MAT 101, MAT 102)
TRME001 — Faculty Elective (1)
Semester VI
ACTS 302 — Reinsurance
ACTS 304 — Liability Insurance
ACTS 306 — Information Systems and Data Mining
ACTS 308 — Agricultural and Property Insurance
TRME002 — Faculty Elective (2)
STJ 030 — Internship (30 calendar days)
Semester VII
ACTS 401 — Risk Analysis and Actuarial Modelling
ECON 405 — Research Methods
TRME003 — Faculty Elective (3)
TRME004 — Faculty Elective (4)
TRME005 — Faculty Elective (5)
Semester VIII
ACTS 424 — Financial Time Series
ACTS 426 — Insurance Marketing
ACTS 428 — Graduation Project
TRME006 — Faculty Elective (6)
TRME007 — Faculty Elective (7)
Completion of all 8 semesters (240 ECTS)
Completion of Graduation Project (ACTS 428)
Completion of Internship (30 calendar days)
Passing all compulsory and elective courses
Fulfillment of all tuition and administrative obligations
High school diploma or equivalent
Proficiency in English (if applicable)
Basic foundation in mathematics recommended
Satisfactory academic transcripts and supporting documents
Continuous assessment via quizzes, assignments, and projects
Midterm and final exams per course
Practical applications via case studies and software tools
Evaluation of Graduation Project and Internship
Graduates are prepared for roles in:
Insurance and Reinsurance Firms
Pension Funds
Government Regulatory Bodies
Investment and Actuarial Consulting
Risk Management Departments
Banks and Financial Institutions
Data and Analytics Roles in Insurance Technology
Industry-aligned curriculum with actuarial focus
Online format for flexible learning
Practical exposure through project-based coursework
Develop skills in data analysis, finance, and risk modelling
Career support and internship placement assistance
Founded in 1985, GAU is Cyprus’s first private university, recognized globally for its innovative education and international reach. With a presence across three continents, GAU focuses on accessibility, relevance, and excellence, shaping students into global leaders.
The BSc. in Insurance and Actuarial Science provides a robust foundation in financial and actuarial disciplines, designed to meet the growing needs of the insurance and finance industries. Delivered online, the program enables students to gain globally relevant qualifications from the comfort of their own schedule while preparing for dynamic careers in a data-driven world.
An NCC Accredited Institute, We are committed to groom the youth of society to play an instrumental role in ever evolving modern day job market and entrepreneurial opportunities.
