The master's program is structured as follows:
A possible upgrade based on the learner's previous training.
A core curriculum covering the specific aspects of actuarial science, including the financial valuation of actuarial liabilities and the actuarial mathematics of life, property and liability insurance. These courses are organised into two blocks, one devoted to the mathematical elements of insurance and the other to data science techniques applied to insurance.
A professional focus covering insurance mathematics, financial analysis of insurance commitments, asset liability management (ALM), quantitative risk management (QRM) and enterprise risk management (ERM), as well as cross-disciplinary courses on the annual accounts of insurance companies and the solvency of financial institutions.
The curriculum is completed by a matser thesis coupled with an internship in a company or within a university research team.
Optional courses: a wide range of elective courses allowing each student to delve deeper into various subjects linked to the desired professional orientation, ranging from additional mathematics to insurance law. Students also have the option of taking advanced courses at one of the other two universities training future actuaries in Belgium (KU Leuven and ULB).. The courses concerned will most often be taught in English (as indicated by their title).
Students establish a 120-credit program including a compulsory common core (69 credits), a specialized focus (30 credits) and elective courses (21 credits). The common core includes compulsory courses, additional courses set by the Jury according to the diploma giving access to the master's degree in actuarial sciences, and a dissertation coupled with an internship in a company or within a research laboratory. The specialized focus includes advanced courses in actuarial sciences and related disciplines. Elective courses will be selected based on the student's professional goals.
The dissertation will typically be motivated by practical problems and will study innovative methodological solutions by applying them to real data. It will be carried out as part of an internship in a company (project dissertation) or within a research laboratory (research dissertation). This internship will take place during the second annual block, after having validated the necessary prerequisites. It can be carried out in Belgium or abroad.
A program may contain courses outside the list proposed below provided that they are approved by the Jury.
For a programme-type, and regardless of the focus, options/or elective courses selected, this master will carry a minimum of 120 credits divided over two annual units, corresponding to 60 credits each.