ARC – Milliman

Registrations for the 2025 Scholarships are open

Following its successful launch in 2023, the Africa Scholarship Programme is back! In 2025, two more scholarships will be awarded to students driving solutions to the continent’s climate threats.

Postgraduate Actuarial and Other Sciences Scholarship Programme For African Students

For studies relating to mitigating the impact of climate change on African Nation economies

Are you a student studying actuarial or a related science who is an African citizen?
Would you like to take your post-graduate studies to the next level?
How does an internship after graduation sound?

Africa’s premier institution for disaster risk financing on and for the African continent, African Risk Capacity Ltd., and Milliman Inc., a risk management, benefits and technology company, have partnered to launch their postgraduate ARC Ltd.-Milliman Africa Scholarship Programme exclusively for African students.

Aimed at studies relating to mitigating the impact of climate change on African economies, four scholarships will be offered to qualifying applicants to cover up to three years of further study at select universities on the continent.

École Nationale Supérieure de Statistique et d’Économie Appliquée, ENSEA, in Abidjan, Côte d’Ivoire; The Institut Interafricain de Formation en Assurance et en Gestion des Entreprises, IFAGE in Dakar, Sénégal; and University of Cape Town in South Africa.

You will be able to choose from the following Advanced Degrees:

Actuarial Science
Risk Management and Insurance
Agricultural Statistics

What Is Required From You?

If you are awarded a scholarship, you must agree to work in an African country for two years after graduation. There is also the potential for an internship to provide a strong foundation in your chosen career.

The request for funding should be related to full-time Eligible Programmes.
The applicants shall be a citizen of an African Union member state.
Applicants must be holders a bachelor’s degree with Merits or honours in an area related to actuarial science, disaster risk management, mathematics, statistical engineering or a related discipline. Preference may be given to candidates who have some work or volunteer experience in a related field.
The scholarships are specifically for those applicants who have gained admission to an Advanced level programme.
Preference will be given to persons with experience (including internships) in national or regional agencies whose mandates are specific to risk management, disaster risk modelling, disaster risk management, meteorology, climate change, civil with environmental engineering or environmental management.

Other requirements and conditions

Scholarship Agreement

Recipients will be required to sign a Scholarship Agreement agreeing to the terms and conditions of the scholarship prior to the commencement of their programme

Bonding Requirements

Recipients will be encouraged to work in Africa for a period of 24 months immediately after completion of the Program.
Upon completion of the Program, recipients will be required to notify the Scholarship Committee of their employment at select times/intervals within the bonding period as stipulated in the signed Scholarship Agreement.

Thesis Topic

Recipients must select a thesis topic in an area in which ARC Ltd has an established interest or which is aligned to the ARC Ltd mandate and strategic objectives, with a focus on Africa continent.

Academic Performance

Recipients are expected to achieve academic excellence and are required to ensure that grades are at least a Merit or B grade.
A report on academic performance will be required at select times within the academic program.

Withdrawal

Recipients who withdraw from the Program without good reason and the approval of the Academic Director, or who fail to complete the Program, will be required to repay the award.

Submission of application

All applicants must submit via the scholarship online platform below:

A complete application form
Three essays based on the prompt provided in the application form
A curriculum vitae
Copy of undergraduate degree and transcript; where the degree is not yet awarded by the application deadline date and will be awarded by the beginning of the postgraduate programme the most up to date transcript will be accepted
Preference will be given to applicants who have already been admitted to the university they are applying for.
Proof of citizenship (copy of passport or national identity document with valid dates)
Passport-size photograph

Applicants must also provide the following information:

Contacts of two academic referees at the university level who can attest to the applicant’s academic ability and potential
Contact of a professional reference report from one of the following:
- a current employer – this should explain how the nominee and the home institution will benefit from this new knowledge and expertise;
- If not currently employed, a former employer – this should attest to the applicant’s skills and work professional demeanour and contributions to the institution
- In the absence of professional experience, a project supervisor or supervisor for volunteer activities – this should attest to the applicant’s skills and contributions

Examination of application

A Scholarship committee (the Programme Committee) will be set-up by both companies and will include a representative from Milliman, ARC Ltd.
On the approval of the scholarship, the Committee would instruct the fund to make payment to the relevant Universities.