Actuarial Mathematics & Quantitative Risk Master’s Degree Curriculum Overview

The actuarial mathematics and quantitative risk master’s degree program is made up of six core courses and four elective courses intended to provide a solid foundation in the fundamentals of the field. Courses on probability and statistic are designed to lay solid statistics and probability foundation for actuarial science. Actuarial techniques are developed through kernel courses on actuarial science and seminars by leading scholars from academic community and senior practitioners from insurance industry. Four core courses are tailored to exams of professional certification by SOA and ASA, positioning students well for the job market. Software popular in the insurance industry and data science such as R, SAS and MatLab are taught during the core professional courses.

By the end of this program, students will be able to:

  • Model typical long term and short term insurance related risks and losses
  • Apply the mathematical models and methods of actuarial science, e.g. to control insurance losses and risks
  • Design insurance strategies and instruments, provide decision support, and improve existing practices in the insurance industry

Below are some of the typical courses available in this program.

Core Courses Include:

  • Introduction to Probability
  • Statistical Methods
  • Actuarial Finance I
  • Actuarial Finance II
  • Short Term Actuarial Mathematics
  • Long Term Actuarial Mathematics

Electives Include:

  • Advanced Calculus II
  • Axiomatic Linear Algebra
  • Numerical Analysis 
  • Mathematical Statistics
  • Stochastic Processes
  • Nonlinear Optimization
  • Time Series Analysis I
  • Dynamical Programming and Reinforcement Learning
  • Stochastic Optimization
  • Statistical Inference
  • Mathematical Models of Risk
  • Risk Management Methods and Applications
  • Economics
  • Introduction to Economics
  • Financial Accounting



If you have existing graduate credits or experience in this area of study, contact [email protected] to discuss opportunities to include it in the curriculum.