Actuarial Mathematics University of Copenhagen

Overview

The Actuarial mathematics programme at University of Copenhagen is relevant in an uncertain world, where the mitigation of risks is central to sustainability and human well-being. The programme is offered in English.

Who studies this programme?

Students with strong quantitative skills and an interest in risk analysis and financial systems thrive here. Many have a background in mathematics, statistics, or actuarial science.

Core topics include statistics for insurance, financial modelling, life insurance mathematics, and quantitative risk management. Electives allow exploration of pension schemes, stochastic processes, machine learning, and more.

Career Opportunities

Upon completion of the   Actuarial Mathematics programme at University of Copenhagen, you will obtain the title Master of Science in Actuarial Mathematics.

You should pursue an MSc in Actuarial Mathematics if you enjoy working with numbers in an applied setting. You will, among other things, work with damage insurance, life insurance, insurance economics, insurance accounting, and insurance law. In short, you learn to apply mathematics and statistics to mitigate risks and improve human welfare.

A graduate in Actuarial Mathemathics has the competences to:

• work with issues concerning both life and non-life insurance mathematics.
• further develop and adapt probabilistic and statistical models for real life challenges.
• conduct independent, stringent argumentation.

Employment

As an actuarial mathematician you could be hired to work for:

• insurance companies
• banks
• other types of financial institutions
• consultancy firms.

Your work will be to solve statistical problems and deal with risk theory in relation to various types of insurance. Additionally, you can be employed in public administration, supervisory authorities, or within higher education.

The field is experiencing robust growth, in part due to the orientation towards the rich theory of mathematical finance. This is also a response to the reorientation that practical insurance is experiencing due to, for instance, the integration of banking, credit, and insurance activities. 

Further reorientation of the actuarial profession has developed as a result of changes to the risk landscape in which catastrophe, including climate change, is becoming a more and more prominent concern.