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Rashtriya Raksha University Earns Powerful CAS Recognition

Rashtriya Raksha University Achieves Silver Level of Casualty Actuarial Society’s University Recognition Programme

The Casualty Actuarial Society (CAS) has recognised Rashtriya Raksha University as a Silver Level partner through the newly-established CAS University Recognition Programme. With this recognition, Rashtriya Raksha University joins a distinguished list of internationally-recognized universities with exceptional actuarial studies programmes.

This recognition is important because the Casualty Actuarial Society is known across the world for setting high standards in actuarial education, especially in general insurance. Universities recognised by CAS are carefully reviewed for their teaching quality, course structure and industry relevance. Achieving Silver Level shows that Rashtriya Raksha University meets strong global benchmarks, even though the programme is still growing and evolving.

The MSc Actuarial Science with Data Analytics (Executive) – Hybrid Programme is offered by Rashtriya Raksha University (RRU), in collaboration with the Institute of Actuarial and Quantitative Studies (IAQS). The programme is designed to integrate actuarial science, risk management and data analytics with applied industry relevance. This MSc programme is now accredited by the Institute and Faculty of Actuaries (IFoA), United Kingdom and the CAS, USA. Silver Level recognition further reflects its alignment with international actuarial education standards.

Actuarial science is a specialised field that helps businesses and governments understand risk, especially in insurance, pensions and finance. Globally, there is a shortage of trained actuaries, and programmes like this help close that gap. The hybrid format of the MSc is also significant, as it allows working professionals to study while continuing their careers. This model is becoming popular worldwide because it makes advanced education more accessible and practical.

Highlights Contributing to Silver Level Recognition

• A curriculum aligned with CAS examination syllabi and general insurance practice
• Strong academic governance and structured programme delivery
• Emphasis on analytics, risk and actuarial applications relevant to global markets

These highlights reflect what many global actuarial bodies look for today. Alignment with CAS examination syllabi means students are better prepared for professional exams, which are known to be challenging. Strong academic governance ensures that teaching quality remains consistent and transparent. The focus on analytics is especially relevant, as modern actuaries increasingly work with large data sets, predictive models and technology-driven tools.

With 10,000+ members working in more than forty countries, the CAS is the global leader in the credentialing and education of general insurance actuaries. CAS members work in a vast array of settings, including insurance companies, educational institutions, state insurance departments, federal government agencies, independent consulting firms and many other organisations that require management of risk.

The CAS has played a key role in shaping how insurance risks are measured and managed for over a century. Its members are often involved in pricing insurance products, managing claims risk and advising governments on insurance regulations. Recognition from such a body gives universities international visibility and trust among employers.

The CAS University Recognition Programme recognises academic institutions around the world that demonstrate outstanding commitment to preparing future general insurance actuaries through their educational offerings. The Programme offers three levels of recognition for universities: Bronze, Silver and Gold. Universities partnering in this programme will receive several benefits that serve to expand their educational programmes and prepare their students for successful actuarial careers.

Silver Level status sits between entry-level recognition and the highest Gold Level. It shows that the university has a solid foundation, experienced faculty and a curriculum that matches professional needs. Many universities use this recognition to attract international students and build links with insurance firms and consulting companies.

“We are thrilled to honour universities through the CAS University Recognition Programs,” said Victor Carter-Bey, DM, CEO of the Casualty Actuarial Society. “We encourage all universities committed to preparing general insurance actuaries to apply for the level that aligns with their programs.”

Victor Carter-Bey’s statement highlights CAS’s aim to build a global talent pool. As insurance risks grow due to climate change, cyber threats and economic uncertainty, trained actuaries are more important than ever. Institutions like Rashtriya Raksha University help prepare professionals who can handle these complex challenges.

For India, this recognition is also meaningful. It shows that Indian universities can meet and match international standards in specialised fields. Students graduating from this programme gain wider career options, both in India and abroad. Employers also benefit, as they gain access to professionals trained with a global outlook and practical skills.

Overall, the Silver Level recognition marks a strong step forward for Rashtriya Raksha University. It reflects careful academic planning, international collaboration and a clear focus on future-ready education. As actuarial science continues to grow in importance, such programmes are likely to play a key role in shaping the next generation of risk and insurance experts.