The Actuarial Science Program in the Philippines: A Historical and Curricular Development Perspective

Abstract

The primary objective of this research was to trace the history and the development of the Actuarial Science Program curriculum in the Philippines through the use of the historical method which is a qualitative research method.

The study also sought the congruence of the goals and constructs of the Actuarial Science Program with the needs of the learners, the society, and the fund of knowledge. It analyzed how the learning objectives, curriculum content, and learning resources have contributed towards the accomplishment of the Program goals. It assessed the impact of major economic, political, and social developments and trends on the Actuarial Society of the Philippines (ASP), and foreign universities. The study likewise assessed the sustainability of the present set-up and its implications with regard to the maintenance of the professional status of Actuarial Science.

Data and information were gathered from three universities in Metro Manila through the use of document analysis, questionnaires, and interviews with students, graduates and their employers, faculty members, and chairpersons of the Actuarial Science Program.