Actuarial Science and Risk Management
Actuarial science is the perfect blend of statistics, economics, finance, and risk management. Explore our award-winning program and find out why recruiters see Illini as attractive candidates after graduation.
Gain real-world experience
The Illinois Risk Lab is now accepting applications!
The IRisk Lab is a collaborative research hub that connects industry and academia, giving students hands‑on learning experiences and spotlighting innovative research in risk analysis and advanced analytics.
Department News
- ASRM professor Zhiyu (Frank) Quan and PhD student Panyi Dong received the North American Actuarial Journal Annual Prize for the best paper published in 2025. The NAAJ is the scholarly journal of the Society of Actuaries, and this prize is awarded by the journal’s editorial board based on research... Read full story
- Xiaochen Jing is an assistant professor in the Actuarial Science & Risk Management program at the University of Illinois Urbana-Champaign.His research covers several areas in risk management, most notably insurance product... Read full story
- The Program of Actuarial Science & Risk Management at the University of Illinois at Urbana-Champaign invites applications for a tenure-system assistant/associate professor position. Target start date of August 16, 2027. Applicants must have a PhD in actuarial science, statistics... Read full story
Upcoming Events
Center of Actuarial Excellence
We have been named a Center of Actuarial Excellence by the Society of Actuaries (SOA), one of a few such programs in the U.S. to be so recognized. The designation is earned by meeting stringent requirements and qualifications regarding the quality of degree program and curriculum at the undergraduate and graduate levels, faculty composition, connections to industry, and research/scholarship.
Casualty Actuarial Soceiety (CAS) University Award
The Casualty Actuarial Society (CAS) has also selected the University of Illinois twice as a winner of the prestigious University Award, recognizing its exemplary work in preparing students for a career in the property and casualty insurance industry. The university received an inaugural award from CAS in 2016 and again in 2020.
University-Earned Credit
U of I is one of several selected schools that offer a wide range of UEC courses. UEC credits assist with traditional SOA exams, guiding students to professional designations.