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Actuarial Science

Including this minor into your program is more than just expanding your horizon. It can also serve as an excellent preparation for a career that fits your quantitative grounding, in particular, a career as a quantitative risk manager or actuary.

What will you learn in this minor?

You will acquire an advanced analytical framework which enables you to analyse complex economic processes involving risk from a quantitative perspective. Quantitative risk modelling, statistical and empirical evaluation, and optimisation are at the core of this minor program. This minor program enables you to develop skills to deal with complex and risky economic problems.

The 60 EC minor in combination with a BSc in Econometrics, Mathematics, Physics, Informatics and Computer Sciences or an equivalent quantitative BSc program, gives you access to  the Master’s programme Actuarial Science and Mathematical Finance.


The minor can be taken as a 30 or a 60 EC programme.  For both options you have follow these compulsory course:

  • Life Insurance Mathematics (6 EC)
  • Probability Theory and Statistics 3 (6 EC)*

* if you have already taken this course on an equivalent, you may substitute it with one of the other mandatory electives.

You supplement these courses with either 18 EC or 48 EC in restrictive-choice electives.

  • Mathematical and Empirical Finance
  • Optimization
  • Econometrics 1
  • Financial Accounting in Life Insurance
  • Research Seminar Actuarial Science and Mathematical Finance
  • Econometrics 2
  • Risk Theory
  • Stochastic Models in Life Insurance

Detailed course descriptions can be found in the Course Catalogue. Please be aware that this is the Course Catalogue for 2018-2019. The Course Catalogue for the 2019-2020 academic year will be available in June.

Entry requirements

  • This minor is only open for students with sufficient background in statistics and mathematics.  It is intended for Bachelor students in Econometrics, Mathematics, Physics, Information Science or a BSc of a Technical University.
  • You need to have successfully completed your first-year (60 EC).
  • No prior knowledge in Economics is required.

Application and Admission

You need to apply for the minor before you can register yourself for the minor courses. For the application form, please visit the current Course Catalogue.

To ensure timely registration, please take into account the following dates:
For UvA- students: apply before 1 June 2019.
For non UvA: apply before mid-May

More info and contact

For more general information about taking a minor, visit the student website about minors at UvA Economics and Business. Or you can contact the Education Desk.

Actuarial Science
Vorm Voltijd
Studielast EC,
Voertaal Engels
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