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The General 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 General track is 1 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.

About your lecturers

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

Electives

Apart from the general courses we offer you a selection of electives to choose from:

  • Actuarial Science of Pensions and Ageing
  • Caput Insurance
  • Fixed Income Risk Management
  • Machine Learning for Econometrics
  • Principles of the Mathematics and Economics of Risk
  • Quantitative Marketing
  • Retirement Savings and Investment Decisions
  • Stochastic Calculus
  • Verzekerings- en Pensioenrecht (Dutch)

Get the MSc Actuarial Science and Mathematical Finance clickable course schedule

Real-life case: how to insure against climate change

Business case Actuarial Science and Mathematical Finance

Climate change is affecting the world in many different ways, which makes it a significant challenge to the insurance industry. The General 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? 
  • How should we price insurance products? And how many reserves should be put aside to cover possible future claims?
  • How should the costs of natural disasters be shared between public and private sectors? What can/should governments do to mitigate risks from natural disasters?

These questions are also relevant for governments and regulatory bodies, as reliable and affordable insurance is essential for a well-functioning economy. The society needs well-trained specialists to tackle these complicated problems and come up with workable solutions.

Up-to-date 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 such 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?

General track and 1 other track

The General track is 1 of 2 tracks you can opt for in our MSc in Actuarial Science and Mathematical Finance. If you are curious about the Quantitative Risk Management track, then read the information on this track.

Read more about the Quantitative Risk Management track

Get the MSc Actuarial Science and Mathematical Finance factsheet

Check out the MSc Actuarial Science and Mathematical Finance programme