Programme Structure - MSc in Actuarial Mathematics – University of Copenhagen

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Actuarial Mathematics > Programme Structure

Programme Structure

The MSc programme includes compulsory coursework in various types of actuarial mathematics and financial theory. There is also a large elective part where you can specialise in one of these areas, or perhaps in related mathematical or statistical problems. This specialisation continues with a master's thesis where you work at a scientific level with an insurance-related problem.

The concluding thesis project will often be based on a practical insurance-related problem. In many cases, the thesis is carried out in cooperation with an insurance company.

If you choose to study actuarial mathematics, you will be engaged in the development and application of mathematical, statistical and economic tools. These tools can be used to model, measure and manage insurance risks.

As an actuarial mathematics student, you will be studying three overarching topics intensively:

  • Life Insurance Mathematics – Life insurance mathematics deals with insurance in relation to major life events and includes retirement, death, disability and marriage. This typically incorporates long-term business and significant financial risk.
  • Non-Life Insurance Mathematics – Non-life insurance mathematics deals with insurance covering damage or injury to things or persons, typically in relation to fire, natural disasters, theft and the like. It typically incorporates short-term business with significant catastrophe risk.

Compulsory courses: 45 ECTS
Restricted elective courses: 15 ECTS
Elective courses: 30 ECTS
Master's thesis: 30 ECTS

Programme structure

Block 1 Block 2 Block 3 Block 4
Year 1 Stochastic Processes in Non-Life Insurance Quantitative Risk Management
Stochastic Processes in Life Insurance Continuous Time Finance Topics in Life Insurance Topics in Non-Life Insurance
Year 2 Thesis

     Compulsory course
     Restricted elective course
     Elective course

Restricted elective courses

You are obliged to choose at least two restricted elective courses from the list below. Click on each course for a detailed description.

  • An Introduction to Deviations
  • Optimal Stopping With Applications
  • Computational Finance
  • Beyond the Classic Markov Chain Life Insurance Setting
  • Topics in Stochastic Calculus
  • Consumption-Investment-Insurance Problems
  • Pension Systems