Lecturers in the Actuarial Science and Mathematical Finance
“The economic, financial and societal developments of our times - crises, systemic risks, contagion, unemployment, aging - call for high-level risk professionals with a rigorous and solid training, that is based on pioneering academic research and simultaneously explicates the practical usefulness of the methods, techniques and tools offered. This asks for a unique combination of mathematics, probability and statistics, and optimisation and econometrics on the one hand, and economics, insurance and finance, and computing on the other hand.
This unique combination is offered by the MSc Actuarial Science and Mathematical Finance programme at the University of Amsterdam: a state-of-the art training in the broad domain of quantitative risk measurement and management. The programme builds on three pillars: (i) it is taught by internationally renowned scholars; (ii) it draws upon top research conducted at the University of Amsterdam; and (iii) it provides practical hands-on quantitative risk modelling skills to implement the prime integrated risk management techniques in reality.
The University of Amsterdam has an exceptionally strong tradition in Actuarial Science that is unmatched in The Netherlands, with internationally leading experts conducting world-class research, and strong links to and support from insurance and financial institutions.
The job opportunities for our alumni are simply excellent. Our alumni are in high demand by the insurance and financial industry. The profession of actuary is consistently ranked first among all professions by Elsevier. The programme optimally prepares for a career in the insurance and financial industry or for application to a PhD programme in related fields.
Finally, taught in the city of Amsterdam, which needs no introduction, our programme provides the opportunity to enjoy one of the most attractive capitals in the world.”
“Since the financial crisis of 2008 discussions about the necessity of reforms in our pension system and about the adequacy of capital reserves for insurance companies have posed new challenges for actuaries. In their role of “treasurers for future contingencies” they are responsible for the risk measurement and management of financial contracts that can be used to provide security in uncertain times. This means that the modern actuary must have in-depth knowledge of the state-of-the-art mathematical and econometric modelling techniques for risk modelling. But the mathematical modelling process is only a tool and not the ultimate goal. Actuaries must also be able to communicate their findings to colleagues who are less technically oriented and they must often propose policy options for the board of a pension fund or insurance company.
It is this combination of a rigorous scientific approach on the one hand and the focus on practical policy implications on the other that makes me feel at home at the Actuarial Science & Mathematical Finance group of the University of Amsterdam. All researchers here are interested in models and know the value of the quantitative aspects of risk management. But the ultimate goal of our research goes beyond the mere technical results. Our focus on the impact in society of sound risk management principles means that understanding the limitations of our models is just as important as understanding their possibilities. We are therefore always looking for students who are motivated to become technical experts but who are also willing to develop the broader skill set that is necessary to make real contributions to the financial stability of pension funds and insurance companies.”
Faculteit Economie en Bedrijfskunde
Sectie Quantitative Economics