Sunway University proudly received full accreditation for its Actuarial Studies programme from the Finance Accreditation Agency (FAA). This is the first Bachelor’s degree programme to be accredited by FAA, and first in the discipline of Actuarial Studies, and the first in Malaysia.
It is a significant achievement for any institution of higher learning as it shows evidence that the learning programme has been globally benchmarked against minimum standards and practices. FAA Chief Executive Officer, Dr Amat Taap Manshor remarked that “The Sunway University Actuarial Studies accreditation will be valuable for their graduates and career prospects.”
Now in its 3rd year, the first batch of the Sunway University Bachelor of Science (Hons) in Actuarial Studies students will graduate later this year. Sunway University’s Actuarial Studies programme is a three-year programme that prepares students for the actuary profession. The programme offered through the Department of Financial Mathematics and Statistics in the Sunway University Business School aims to equip students both with academic and soft skills that will help them to be industry-ready upon graduation.
“Actuarial Studies is a complex discipline, and we are proud to have received the accreditation from FAA, an agency that adds critical value to academic programmes in the technical fields such as this, where quality, precision and industry feedback are of the utmost importance,” said Professor Graeme Wilkinson, Vice-Chancellor of Sunway University. Prof. Wilkinson also thanked FAA for their input on enhancing the programme further.
The accreditation served as a strong accolade and motivation for Professor Dr Ho Chee Kit, Head (Academic) Department of Financial Mathematics and Statistics, Sunway University Business School and his team who led the programme. “Recently we have two highly qualified actuaries with great industrial experience joining the academic team. We hope to provide the best learning experience for our students,” said Prof. Ho.
The senior management team of FAA together with Dr Amat marked this achievement by personally presenting the Certificate of Accreditation to Prof Wilkinson at the Sunway campus. The FAA team also met Lee Chun Yuen and Cuthbert Chong He Bok, students of the Actuarial Studies programme to get their insights on the accreditation by FAA.
“I have made a very good decision and very proud that I have come to a good university even before this accreditation was announced. With this accreditation, I am very confident of the programme and have less worry about my future,” remarked Cuthbert, a scholarship recipient who is in his 2nd year of the BSc (Hons) Actuarial Studies.
Also present at the ceremony were Professor Steve Williams, Dean of Sunway University Business School, Molly Jagpal, Director, Strategic Corporate Relations Division, FAA and Theodoras Gkitzos, Director of Corporate Services, FAA.
Accreditation of learning programmes was introduced by FAA in response to the recommendations of the Malaysian Regulators in the financial services industry (FSI) to ensure quality learning in the industry and to promote the highest standards in continuing education and professional learning for the FSI.