Friday, May 31, 2019

Master of Actuarial Science (MACTSC) 10th Anniversary

MACTSC 10th Anniversary Banner

In 2019, the Master of Actuarial Science (MActSc) professional degree program will be celebrating 10 wonderful years at the University of Waterloo. 

MActSc is an internationally renowned program in actuarial science and risk management, and is located within the Department of Statistics and Actuarial Science. This fast track professional program is only offered to the best and brightest students from around the world. Once accepted these students receive one-on-one interpersonal training from prominent faculty in the field of actuarial science. After 10 rigorous and demanding years, staying on the cutting edge of the industry and training the most elite in this field, the MActSc program will be celebrating by hosting a banquet dinner on May 31, 2019. 

This event will be great opportunity for past and current students, faculty, and industry supporters to celebrate their hard work over the past decade.     

Tuesday, April 30, 2019

April Is Mathematics and Statistics Awareness Month!

Image of a Globe

Every April, math and statistics associations across the country celebrate Mathematics and Statistics Awareness Month, a full month of programs and initiatives dedicated to promoting better public understanding of mathematics and statistics. ASA programs include a virtual science fair, weekly challenge questions, and video Q&As with working professionals! We hope you enjoy these fun opportunities to participate and share them with your friends and colleagues.

Learn More at AM STAT News.

View more about ASA Member News online.

Thursday, April 4, 2019

Waterloo helps Indonesian university launch co-op program

Representatives from the University of Waterloo, Indonesian universities and government officially launch a co-op office.

Waterloo helps Indonesian university launch co-op program

On March 12, Bill Duggan, the University of Waterloo’s READI Project Field Director, joined with Dr. Totok Prasetyo, Director of Institutional Development of Higher Education (Kemenristekdikti), Abdullah Mojadeddi, First Secretary of the Embassy of Canada and Prof. Djisman Simandjuntak, Rector, Prasetiya Mulya University, to open Indonesia’s first Co-operative Education Office at Prasetiya Mulya University.

As one of the READI Project’s first Indonesian university stakeholders, Prasetiya Mulya University embraced the co-operative education model immediately. They have devoted significant time and resources over the past two years to adapting their educational structure as they pioneered the development of this very effective type of work-integrated learning.

Monday, April 1, 2019

Rui Qiao wins the 2019 Huawei Prize for Best Research Paper

Rui Qiao

Statistics and Actuarial Science PhD candidate Rui Qiao was one of the six students who won the 2019 Huawei Prize for Best Research Paper by a Mathematics Graduate Student. This award recognizes the impact of his Deep learning enables de novo peptide sequencing from data-independent-acquisition mass spectrometry with a prize of $4,000.

Monday, March 25, 2019

University of Waterloo Team Wins Munich Re Cup!

Munich Re Cup Winners

The Department of Statistics and Actuarial Science congratulates the University of Waterloo Team, consisting of Ryan Goldford, Jasmine Sirohi, Adaijah Wilson, and Jillian Zhu Ge, for winning the 2019 Munich Re Cup. The Munich Re Cup is the premier actuarial case competition open to students in Canada and the United States. Competing teams present their work on a real-world business problem requiring significant technical analysis and high-level business decision making to a panel of Munich Re executives. The 2019 competition examined the very timely problem of IFRS 17 implementation. We are very proud of the Waterloo team for placing first and winning the $20,000 grand prize!

Friday, March 22, 2019

Become a CAS Student Central Ambassador!

If you are interested in becoming a CAS student ambassador, please fill out the web form.

UW and the Casualty Actuarial Society (CAS) are seeking motivated and passionate students for the role of ambassador for the CAS Student Central membership program. As a CAS Student Central Ambassador, you will act as a champion for the CAS and the property and casualty profession at Waterloo by:

  • Helping to facilitate CAS University Liaison campus visits and presentations each semester
  • Increasing student awareness of the resources and opportunities available through CAS Student Central, and
  • Assisting with the development of CAS Student Central


  • There will be two ambassadors, ideally with alternating co-op terms if one or both are co-op students
  • Ambassadors commit to a two-year term, with responsibilities expected to require 12 hours of work each semester
  • You must have sat for at least 1 actuarial exam by Fall 2019

Read more

Thursday, January 24, 2019

Master of Quantitative Finance ranks #1 in Canada

The Master of Quantitative Finance program has been recognized as the top quantitative finance master's program in Canada.'s Quant Finance Master Guide 2019 has updated their world ranking of the top 15 leading quantitative finance master's programs.  University of Waterloo's Master of Quantitative Finance (MQF) secured the top spot within Canada and 12th overall globally. lists that they have determined their ranking by considering: 

"metrics including graduate salaries, programme selectivity, student-lecturer contact hours and faculty research scores to run the rule over more than 40 leading quantitative finance-focused master’s programmes worldwide. Particular weight was given to average graduate salaries and a strong employment rate."

Risk.netQuant Finance Master’s Guide 2019

Friday, November 23, 2018

Inspiring Student - Tianyi Liu

Tianyi Liu

MQF is such a great program. It’s a good combination of studying, researching, and finding a job – doing an internship.

Tianyi Liu, Master of Quantitative Finance student

A graduate of Waterloo’s undergraduate mathematical finance program, Tianyi was a natural fit for the Master of Quantitative Finance program. He knew many of his professors, and appreciated the computing facilities and the support of his department.

Monday, November 19, 2018

The Vector Institute recognizes MMath Data Science for Artificial Intelligence Scholarship

Vector Institute logo
Source: Vector Institute for Artificial Intelligence

There are currently eight programs recognized by the Vector Institute for Artificial Intelligence for ensuring that master’s graduates are equipped with the knowledge, skills and competencies sought by industry.  The Department of Statistics and Actuarial Science's Master of Mathematics (MMath) Data Science Specialization is one of the few recognized programs. 

The Vector Institute (Vector) has been tasked with supporting Ontario’s growing AI eco-system by aiding Ontario’s AI companies and labs source talent. This will be achieved through a combination of three primary activities: talent placement via internships; networking and AI community building; and, applied AI education.

A primary goal associated with applied AI education is to increase enrolment and the number of graduates from AI-related master’s programs. To support universities in achieving this goal, Vector has introduced the Vector Scholarships in Artificial Intelligence (VSAI) to recognize top students enrolled in AI-related master’s programs. 

The VSAI are expected to enhance recruitment of top tier students, increase the number of applicants to recognized AI programs, increase access to advanced studies in AI, and build community among scholars.

Wednesday, November 14, 2018

Carbon emissions will start to dictate stock prices

Companies that fail to curb their carbon output may eventually face the consequences of asset devaluation and stock price depreciation, according to a new study out of the University of Waterloo.

The researchers further determined that the failure of companies within the emission-intensive sector to take carbon reduction actions could start negatively impacting the general stock market in as little as 10 years’ time.