Faculty
Mathematical Sciences

Actuarial science is the science of applying statistical, mathematical, financial, investment, and risk management techniques to design, evaluate, and calculate insurance and financial products. In simple words, actuarial science is a science of solving real-world problems in which there are elements of uncertainty. This science evaluates the risk of economic investments and predicts the future events of financial institutions and insurance companies using statistical, probabilistic, and mathematical techniques and methods. In a general view, actuarial science is divided into three major categories: (1) life insurance and pension funds, (2) non-life insurance, and (3) stock and financial markets. Due to the vast application of actuarial science and based on society and industry needs, this major was formed in the statistics department of Shahid Beheshti University thanks to the help of deceased Dr. Mohammad Reza Meshkani, long live in memories, and Dr. Siamak Noorbaluchi in 1993. The first students of the actuarial department in the master's degree began their studies in October 1993, and then in October 2016, the department began its work independently at Shahid Beheshti University. By the development of the quality of this major over the last two decades, and with the aim of educating experts for analyzing more complex scientific issues and models, the doctoral course was established in 2017 after designing its syllabus and in October of the same year, Ph.D. students were admitted. At the moment the actuarial department has master and Ph.D. students in various fields of actuarial science. Currently, the actuarial department has 4 full-time faculty members and cooperates with two retired faculty members. There are 39 students at the master's degree level and 9 Ph.D. students in the actuarial department.

The Objectives of Post Graduate courses in actuarial science:

As the developing society of Iran needs modern science and technologies to meet the needs of its industries, higher education is a necessity. The post graduate students from Shahid Beheshti University are able to meet the technical needs of insurance companies, banks, stock market and pension funds. Also, the actuarial group has always tried to improve the quality, quantity, and actuarial science in Iran by training researchers who are able to conduct basic research at the level of knowledge frontiers. Therefore, the objectives of the actuary department are as follow:

• Educating expert researchers in actuary
• Meeting the specialized needs of insurance and financial companies (such as banks and stock market) and pension fund
• Developing actuarial science as an interdisciplinary field