MSC in Actuarial Mathematics

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 measure, model, manage, and mitigate 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, and disability. 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 focus on one of these areas, or perhaps in related mathematical, or statistical problems. 

You can focus your mathematical skills even further in the master's thesis where you work at a scientific level with an insurance-related problem. The thesis project will often be based on a practical insurance-related problem. In some cases, the thesis is carried out in cooperation with an insurance company.