Leuven, Belgium
DURATION
2 years
LANGUAGES
English, Dutch
PACE
Full time
APPLICATION DEADLINE
Request application deadline *
EARLIEST START DATE
Sep 2025
TUITION FEES
EUR 4,591 / per year **
STUDY FORMAT
On-Campus
* for non-EEA; July 1st for EEA | for the most recent – and only official – information on application deadlines, please check the KU Leuven webpage
** for non-EEA; EUR 1157 for EEA | for the most recent – and only official – information on tuition fees, please check the KU Leuven webpage
Key Summary
Introduction
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About this programme
The Actuarial and Financial Engineering programme offers advanced training in the business domain of insurance. Mathematical and statistical techniques are studied to be able to manage risks, model assets and liabilities, and analyse timely topics in actuarial and financial engineering. These skills, combined with a foundation in regulation and professional skills, including reporting and ethics, result in a strong ability to optimise business processes.
The electives include courses offered by our partner institutions Université Catholique de Louvain and Université Libre de Bruxelles. As such, an exchange within Belgium while studying at KU Leuven can be realised. Furthermore, an exchange abroad during the second master's year is possible.
Curriculum
Actuarial Engineering: Life, Health, and Pensions
- Life Insurance Mathematics
- Actuarial Mathematics for Pensions
- Advanced Life Insurance Mathematics
Actuarial Engineering: Data Science Methods
- Loss Models
- Data Science for Non-Life Insurance
Risk Engineering
- Risk Management in Financial Institutions
- Statistical Tools for Quantitative Risk Management
- Foundations of Quantitative Risk Measurement
Financial Engineering
- Fundamentals of Financial Mathematics
- Financial Engineering
Regulation
- Solvency of Financial Institutions
- Electives: European Financial Regulation / European Insurance Law / Inleiding tot het verzekeringsrecht
Master's Thesis
Electives
- courses organized along the same 5 topics
- an internship, a summer school, or project in collaboration with our research center LRisk for 6 ECTS.
Ideal Students
- As an Actuarial and Financial Engineering student, you apply tools and models from mathematics and statistics to real-world economic and financial problems.
- You want to learn more about data science and analytics and how these are used in insurance and finance.
- For this programme, a solid background in mathematics, probability theory, and statistics and a basic knowledge in economics and ICT is required.
- Basic knowledge in economics can also be acquired via the preparatory programme.
Admissions
Program delivery
The courses are fully taught in English and also available in Dutch.
Program Outcome
- Credits: 120 ECTS
- Degree Type: Master
- Specifications: Master of Science.
Program Tuition Fee
Why study at KU Leuven
What sets us apart as a university?
A highly ranked university
KU Leuven is among the best 100 universities in the world according to both Times Higher Education World Rankings and QS World University Rankings. All of KU Leuven’s disciplines proudly belong to the top 100 of their field. Furthermore, KU Leuven was ranked by Reuters as the most innovative university in Europe in 2016.
Research-based education
Education at KU Leuven is research-based, which means students will learn from the same professors who are performing the ground-breaking research you read about in the press. New insights are instantly integrated into classes and students are encouraged to perform their own research. In our FabLab, students can use a number of high-tech machines to create whatever they want – all free of charge.
Affordable tuition fees
Higher education is highly valued in Belgium and therefore subsidised by the government. This allows KU Leuven to keep tuition fees relatively low, which gives you a price/quality ratio very few top-100 universities can match. We take pride in keeping our programmes as accessible as possible to allow the brightest students from around the globe to join our courses.
International student life with respect for diversity
According to Times Higher Education, KU Leuven is in the top 50 of most international universities worldwide with staff and students from over 150 different nationalities. For all our international students, the Pangaea student centre is their home away from home. Our university also strives for diversity and inclusion and wants to work together on a pact for more respect.
Faculty
Scholarships and Funding
Several scholarship options are available. Please visit the university website for more information.
Info Sessions
KU Leuven combines the best of both worlds by hosting both online and live info sessions. You choose how, where and when to get your information in your search for the right program
Rankings
KU Leuven is among the best 100 universities in the world according to both Times Higher Education World Rankings and QS World University Rankings. KU Leuven’s disciplines proudly belong to the top 100 of their field. Furthermore, KU Leuven was ranked by Reuters as the most innovative university in Europe in 2016.
Accreditations
Gallery
Career Opportunities
Graduates of the Master of Actuarial and Financial Engineering are employed within insurance companies, banks, pension funds, consultancy agencies or governmental institutions where they are involved in a variety of analytical tasks, including (but not limited to) product development and pricing, solvency calculations, risk management, employee benefit calculations, asset and liability management, and more. The diploma of Master of Actuarial and Financial Engineering allows to join the following professional associations: the IA|BE (Institute of Actuaries in Belgium) and (via IA|BE) the IAA (International Actuarial Association).