Students at a lecture in an auditorium with orange seats

Programme Structure

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 two 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.

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.

Do a Project in Practice or Study Abroad

You may choose to use some of your elective courses to do a project in practice or to study abroad for one or two semesters or for a shorter period of time.

Programme Overview

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

Block 1 Block 2 Block 3 Block 4
Year 1 Mathematical Finance Quantitative Risk Management Restricted elective course
Statistics in Insurance Topics in Life Insurance Restricted elective course
Year 2 Elective course Elective course Thesis
Elective course Elective course

One block equals nine weeks of study and 15 ECTS.

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.

the course is not offered in the academic year 2024/25