The Master of Actuarial Science of HEC Lausanne (University of Lausanne) has been awarded with the Global Centers of Insurance Excellence (GCIE) designation by the International Insurance Society (IIS). The designation has been announced to a global insurance audience of 500 senior executives, academics and policymakers at the IIS Global Insurance Forum, which took place in Berlin on July 9, 2018.
The GCIE certification program recognizes universities and colleges with outstanding Risk Management and Insurance programs. The aim of the program is to encourage universities to play an integral role in advancing insurance knowledge, to enhance insurance research and intellectual capital development, and to build connections between the insurance industry and top-tier academic programs and faculty. This is a great achievement since the GCIE designation is retained for five years and places HEC Lausanne’s Master of Actuarial Science in the selective list of 29 universities and colleges worldwide.
HEC Lausanne’s insurance program is run by the Department of Actuarial Science (DSA). The DSA has a long tradition of actuarial education and research and its Master of Science in Actuarial Science has a history of over 100 years with the first students having graduated in 1914. Its program develops an understanding of the principles and techniques necessary for the management of insurance companies as well as financial and savings institutions including pension funds and social security systems. Although applied mathematics are one of the main tools, a fair knowledge of economics, management and computing is also required. The DSA also offers a PhD program and its faculty members are involved in continuing education (International Summer School of the Swiss Association of Actuaries, Strategic Leadership for Insurance Companies Executive Education), as well as in collaborations with the insurance industry (for example, regular conferences organized with the Swiss Insurance Association).
Joël Wagner, professor in Actuarial Science at HEC Lausanne, together with François Dufresne, professor and director of the Master in Actuarial Science, have driven the application for the GCIE certification. Joël Wagner has represented the University of Lausanne at the award ceremony (read the ISS press release).