26 August 2025
India’s Rashtriya Raksha University (RRU), in collaboration with the Institute of Actuarial and Quantitative Studies (IAQS), has achieved IFoA accreditation for its two-year MSc in Actuarial Science with Data Analytics (MSc-ASDA). This accreditation means that graduates who achieve the required marks can be eligible for exemption from up to seven IFoA exams — CS1, CS2, CM1, CM2, CB1, CB2, and CP1.
Launched by RRU’s School of Private, Industrial and Corporate Security Management, in collaboration with IAQS, the program reflects India’s growing role in global actuarial, financial, and risk domains. Designed to tackle real-world financial risk challenges, the curriculum blends actuarial fundamentals with tools such as Python, R, Power BI, Generative AI, and VBA. It also aligns with India’s national goals, including the Insurance Regulatory and Development Authority of India’s ‘Insuring India by 2047’.
Mike McDougall, Director of Learning, Institute and Faculty of Actuaries, said: “We are delighted that this MSc in Actuarial Science with Data Analytics has achieved IFoA accreditation. The program underscores India’s potential to hold a leading position in actuarial science and data-driven financial intelligence on the world stage.
This means that we now have three universities in South Asia that provide students with the opportunity to be eligible for subject‐level exemptions from IFoA exams.
We look forward to continuing to work with RRU and IAQS to help deliver on our goal to deepen academic outreach in South Asia, to build a steady flow of well-qualified actuarial graduates.”
Prof. (Dr.) Bimal N. Patel, Vice Chancellor, RRU said: “This is more than just a degree — it’s a strategic academic response to India’s evolving position in global finance and security.”