Actuarial Mathematics

Education facts

Code: MMA713

<p>Actuarial mathematics constitutes the mathematical foundation of the insurance business. The stochastic nature of accidents and the length of people's lives make uncertainty an integral part of this business. The course Actuarial Mathematics provides students with essential knowledge and tools required to explore the consequences of uncertainty as well as to solve other mathematical and statistical problems arising in the insurance business. The concepts of risk theory and risk processes are introduced. Various forms of life insurance and their mechanisms are considered. Insurance models, reinsurance contracts, different types of distributions and simulation methods for both claim sizes and claim numbers will be analysed in the framework of non-life insurance. A computer software package is used throughout the course. </p>

Entry requirements

At least totally 120 credits in the engineering, natural sciences, business administration or economics areas where Probability 7.5 credits or equivalent is included. In addition Swedish course B/Swedish course 3 and English course A/English course 6 are required. For courses given entirely in English exemption is made from the requirement in Swedish course B/Swedish course 3.

Education offerings

Each offering has its own dates and conditions. Closed offerings are retained as history and do not mean that a new application is open.

• Actuarial Mathematics

  Mälardalen University

  Start date: 1 September 2025

  End date: 9 November 2025

  Pace of study: 50 %