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Actuarial Science (MSc Actuarial Science and Mathematical Finance)

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The Actuarial Science track in the MSc Actuarial Science and Mathematical Finance provides you with an excellent grounding for your career as an actuary or risk manager. What makes this 1-year programme unique is that it incorporates all the latest international developments. Think of big data science and behavioural insurance and finance. Also, you will gain insight in up-to-date techniques and practices to kick-start your career. The Actuarial Science track is one of 2 tracks you can choose within this Master’s programme.

Help organisations predict the financial impact of future developments

How much should we set aside for our retirement years? How should insurance companies determine the premiums of earthquake insurances? And how should complex financial products such as a credit default swap be priced? These are typical questions you will investigate during your year with us.

Lecturers leading in their field

You will receive lectures and seminars by leading scholars in the field and by professionals who work in the industry, such as the director of the Dutch Central Bank. They will teach you the most advanced techniques, practices and insights of today.

Why choose the Actuarial Science track?

  1. With our electives, you can tailor the programme to your interests and ambitions.
  2. Learn all about today's techniques, practices and insights. You will be lectured by professors and professionals working in the industry.
  3. After graduation, you have an excellent job prospect at e.g. insurance companies, large investment banks or ministries.
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Apart from the 6 general courses of the full programme, we offer you a selection of electives to choose from:

  • Actuarial Science of Pensions and Ageing
  • Advanced Mathematics and Economics of Risk
  • Banking Risk Management
  • Experimental Economics
  • Financial Institutions and Banking
  • Machine Learning for Econometrics
  • Retirement Savings and Investment Decisions
  • Machine Learning in Finance
Real-life case: how to insure against climate change

Climate change is affecting the world in many different ways, which makes it a significant challenge to the insurance industry. The Actuarial Science track will provide you with the mathematical and statistical tools to tackle questions such as: How can we quantify the risk of damage from natural disasters? How should we adjust our estimates and predictions to take into account more frequent and more severe disasters? And how many reserves should be put aside to cover possible future claims? These questions are also relevant for governments and regulatory bodies, as reliable and affordable insurance is essential for a well-functioning economy.

Business case Actuarial Science and Mathematical Finance

Contemporary issues

Examples of real-life business cases and company projects you will discuss:

  • Privacy. What data are insurance companies allowed to collect in order to apply price differentiation?
  • Capital buffers. How should capital buffers of insurance companies be determined so that the probability of another financial crisis is minimised?
  • Discounting. What discount rate should pension funds and insurance companies use to discount long-term liabilities?

Career prospects

Graduates of the Master's programme in Actuarial Science and Mathematical Finance/General track have excellent job prospects for positions at:

  • all (big) firms in the actuarial industry
  • insurance companies and Pension funds  (ACHMEA, AEGON, APG, NN)
  • consultancy firms (Deloitte, EY, KPMG, PwC)
Facts & Figures
Degree programme MSc Actuarial Science and Mathematical Finance
Mode Full-time
Credits 60 ECTS, 12 months
Language of instruction English
Starts in September
CROHO code 66411
Location Roeterseiland campus