Department of Finance and Banking

Starting from the academic year 2018-2019 Birzeit University will introduce a new Bachelor degree program in Actuarial Finance. An interdisciplinary program that uses mathematical and statistical models to assess and manage risk in insurance and pension industries in order to solve emerging financial and social problems. Actuaries design life insurance, annuities and endowment policies by analyzing mortality and developing life tables. They also develop health care modules that account for several life contingencies. Pension actuaries assess whether pension schemes fit the employer and worker future needs, value employer’s liability, and determine the amounts to be paid to retirees. Capitalizing on their knowledge in evaluating risks, actuaries address financial matters and recommend investment strategies on a sound financial basis.