Actuarial Statistics (CS1) is designed to give students a foundation in mathematical and statistical methods that are relevant to actuarial work. It teaches students about statistical distributions, data summarization methods, statistical inference principles, regression models (including generalised linear models), and Bayesian statistics fundamentals. The course covers both theory and application of concepts in R.

Subject CS2 builds directly on this subject’s content. In subjects CM1 and CM2, the material in this subject is applied to actuarial modelling.