History of the Department


The Department of Actuarial Science and Insurance came into being upon the creation of ABU Business School. The department was carved out in 2018 from the old Department of Business Administration. Actuarial science programme has been around since 1975 as an area of specialization, under the department of Business Administration.

The B.Sc. Insurance began in the 2013 academic session with the first set of students graduating in the 2015 session. Department of Actuarial Science houses two undergraduate programmes: B.Sc. Actuarial Science; and B.Sc. Insurance.

The department has produced hundreds of graduates that currently provide valuable services to insurance companies, pension administrators, academia and other related industries. The department will soon commence its Postgraduate programmes in the field of Actuarial Science and Insurance.

Mission Statement

To be a leading hub of Actuarial and Insurance knowledge and expertise, providing unique solutions to problem of risks in Nigeria and the world.

Goal Statement

A Department to be known for academic excellence, highly dynamic staff and a corporate outlook that serves as a world-class Centre for the training of Actuarial Science and Insurance professionals and academics for Nigerian establishments and beyond.

Programme Philosophy

To produce the necessary human capital that will be able to compete, manage and perform productively in the insurance, pension and other related industries, considered to be the main pillars of economic development in Nigeria.