Study programme

Actuarial Science and Mathematical Finance: Quantitative Risk Management

The Quantitative Risk Management track in the Master’s programme in Actuarial Science & Mathematical Finance provides an excellent grounding for your career as a risk manager. What makes this one-year programme unique is its integrated state-of-the-art curriculum and wide range of courses. These incorporate all the latest international developments - think of Big Data Science, Market-Consistent Pricing, Systemic Risk Modelling, and Behavioral Insurance and Finance - as well as the advanced skills and methodology, practices and insights you will need to begin your career.

The Quantitative Risk Management (QRM) programme is embedded in the MSc in Actuarial Science & Mathematical Finance. The University of Amsterdam has an exceptionally strong tradition in the Actuarial Science and Quantitative Risk Management domain that is unmatched in The Netherlands. Internationally leading experts conduct world-class research here; we pride ourselves in our strong links to and support from the insurance and financial institutions of the world.

Programme structure

The Master’s in Actuarial Science and Mathematical Finance: Quantitative Risk Management is a one-year programme of 60 ECTS credits (1 ECTS credit = 0.5 US credits). The academic year runs from September to the beginning of July and is divided into two semesters, each with three periods.

First semester

The year begins with a set of four mandatory courses in periods 1 and 2 of the first semester. Financial Mathematics for Insurance teaches you the basic principles of asset pricing and risk mitigation, while Non-Life Insurance: Statistical Techniques covers statistical techniques such as generalized linear models and IBNR models. Risk Management for Insurers and Pensions provides an in-depth treatment of the principles of (quantitative) risk management for insurers and pensions. The track specific course Banking Risk Management covers banking regulation and supervision, macro-prudential policy, and credit and liquidity risk management.

Second semester

During the second semester, you will extend your expertise by following advanced courses in Asset Liability Management - Cases and Financial Econometrics, plus a choice of elective courses, before completing your Master’s thesis.

Internships and exchange

Students who have completed the curriculum of the QRM track will have the possibility of doing an internship or go on exchange. This especially gives international students a unique opportunity to experience the Dutch labour market.

Schedule

The attached PDF files provide schedules for the Master’s programme in Actuarial Science and Mathematical Finance. Schedule one provides information for students with any university background. The second shows the necessary preparation for the Post-master programme Actuarial Practice Cycle (taught in Dutch, and required to become a qualified member of the Royal Dutch Actuarial Society).

For more information on the content of the courses, please refer to the digital course catalogue.

MSc ASMF QRM MS1

Thesis

The Master’s thesis is the final piece of work you will be required to complete prior to graduation. Your thesis must be individually written and will be supervised by one of the Actuarial Science and Mathematical Finance researchers within the Department of Quantitative Economics. It must be based on a study of relevant literature or on a research internship at a firm. The programme offers a structured thesis process, which enables you to finish your Master’s degree within the given year.

Published by  Economics and Business

20 September 2017