Nanyang Business School Achieves SOA University-Earned Credit Recognition

First posted on NBS

Nanyang Business School (NBS) has been awarded University-Earned Credit (UEC) recognition by the Society of Actuaries (SOA), United States, marking an important milestone for actuarial education in Singapore. With this recognition, NTU becomes the first university in Singapore to receive SOA’s UEC accreditation, further strengthening NBS’s position as a leading centre for actuarial science and risk analytics education in the region.

The SOA’s highly selective UEC program enables students at approved universities to earn credit toward specific professional actuarial exams through exceptional academic performance in accredited courses. This recognition is particularly impactful for students enrolled in NBS’s MSc in Actuarial and Risk Analytics (MARA) programme. Under this framework, eligible MARA students can bypass selected SOA examinations by excelling in designated NBS courses, empowering them to fast-track their professional credentials concurrently with their master’s degree.

With this latest achievement, the actuarial programme at NBS now holds the highly sought-after dual accreditation from the world’s leading actuarial bodies: the Society of Actuaries (SOA, US) and the Institute and Faculty of Actuaries (IFoA, UK). This dual recognition uniquely positions the programme in Singapore and the broader region, offering a globally recognised professional pathway that appeals to top-tier talent worldwide.

The UEC accreditation also reflects the strong academic foundation and professional relevance of NBS’s actuarial programmes, which combine rigorous quantitative training with applications in insurance, finance, and risk analytics. NBS faculty are actively engaged in research on emerging risks, including longevity risk, climate risk, and financial resilience, helping to prepare graduates to contribute to the evolving needs of the insurance and financial services industries.