MSc in Actuarial Science and Insurance Analytics Sample Class Series: 2nd Class

CUHK Business School is now accepting applications for its new Master of Science in Actuarial Science and Insurance Analytics (MSc in ASI) degree programme — the first-of-its kind in Hong Kong.

The MSc in ASI programme helps students develop adaptable skills for various actuarial or analytical roles in insurance companies, banks, consulting and accounting firms, financial institutions, InsurTech startups and regulatory bodies.

Our programme is glad to launch the ASI sample class series to help prospective students learn about the actuarial field. We will invite four faculty members with extensive teaching experience in actuarial science and insurance to share the trendiest topics in the industry.

See what it’s like to be a student in MSc in ASI programme by attending one of our virtual sample classes based on actual courses taught at CUHK Business School!

  • MSc in ASI Sample Class Series - 2nd class
    Introduction to Markov chains with applications in actuarial science (馬爾可夫鏈及其在精算學的應用)

    Date: 18 December 2021 (Saturday)
    Time: 11:00am – 12:00pm (HKT)
    Venue: Online via ZOOM
    Language: English

    Prof. Andrew Ng
    Associate Professor of Practice in Actuarial Science
    Assistant Dean (Undergraduate Studies)
    Director, International Business and Chinese Enterprise

    Contemporary insurance products involve complex benefit structures and cannot be modeled by a simple survival model. For example, benefits of a long-term health insurance depend not only on survival of the insured, but also on the health status of the insured. Benefits of a family coverage depend on the states of multiple lives. The class of Markov chain models is a powerful tool in actuarial modeling that is easy to understand and is computationally convenient.

    In this sample class we consider the class of Markov chain models. We will look at a few real-life examples and discuss some basic calculations in the simplest discrete-time setting with the help of spreadsheet program.

    Register Here

Upcoming Schedule

(*Registration link will be provided around one month before the event.)


  • All sample classes are live webinar sessions, no playback will be provided.
  • All the sessions will be conducted in English.
  • Please fill in the registration form with accurate information. Applicants will receive a confirmation email within two days upon successful registration. If you fail to receive it, please verify that your email address is correct and register again.
  • The Zoom link and login details will be sent to the email address registered for this event no later than 12 hours before each webinar session.

Admissions for 2022 intake is now open!

Applications will be considered on a fi­rst-come, first-served basis. Early submissions are recommended. Start your application journey and you will be invited for an admission interview:

Apply Now


MSc in Actuarial Science and Insurance Analytics
Phone: +852 3943 8555 | +852 3943 0505