Master of Financial and Actuarial Engineering (Adv.)

Providing up-to-date, sound and advanced financial, actuarial and statistical skills, the Master of Financial and Actuarial Engineering curriculum offers an intensive advanced one-year programme for university graduates interested in a career in the insurance sector. You will gain an understanding of current and future problems and solutions in insurance and banking.

This discipline focuses on the application of quantitative methods to problems involving risk or uncertainty. You will be equipped with fundamental and conceptual knowledge of the mathematical and economic aspects of financial theory and insurance techniques. The programme provides advanced insights into the actuarial aspects of life insurance, general insurance, risk theory as well as into financial mathematics and the interrelationship and integration of actuarial sciences and finance.

The programme draws on more than sixty years of experience and international recognition. The research team that focuses on risk theory, finance and statistics has a strong research profile and is ranked in the top ten worldwide in terms of research productivity. The programme is jointly offered by the Faculty of Business and Economics and the Faculty of Science from K.U.Leuven and in collaboration with Université Catholique de Louvain.

The programme addresses the rapidly changing needs resulting from the accelerating globalization of the banking and insurance sector. As such, it provides a sound basis for a career in various areas of financial management and insurance.

The main employers are insurance companies, whose financial stability depends on actuarial calculations (e.g. premiums, provisions, capital requirements, reinsurance policy). As an expert in the field of risk and uncertainty, you can also play an important role in banking and finance. The increasing convergence between the insurance and financial markets as well as the use of mathematically based instruments, such as options and futures, offers excellent career prospects. Graduates are well placed to find employment in banks, pension funds, reinsurance companies, or consulting and audit companies.

The government also provides diverse career opportunities, for instance in social security or economic affairs departments. Students having completed both the Master in Financial and Actuarial Engineering programme and the initial `Master in de verzekeringen´ at K.U.Leuven are eligible to become members of the professional body of actuaries in Belgium (KVBA-ARAB), and also of the international actuarial professional body (IAA).