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 (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
- PURSUE LAS is a program at the College of Liberal Arts & Sciences with the goal of expanding access to transformative undergraduate research experiences. It supports both established... Read full story
- The IRisk Lab is the University of Illinois at Urbana-Champaign’s experiential learning hub. Our corporate partners challenge undergraduate students with real-world problems to solve throughout the semester, culminating in a presentation of their work. This year, two student teams... Read full story
- A team of University of Illinois at Urbana-Champaign students took home some hardware after the 2026 Munich Re Cup, North America's premier actuarial science case competition. Destin Yu, Peter Zhang, and Sabrina Hsieh won first place for their strategic solution to this year's case: “Using... 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.