Charles University Faculty of Mathematics and Physics
Master in Financial and Insurance Mathematics
Prague, Czech Republic
MSc
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
STUDY FORMAT
On-Campus
Key Summary
About: The Master in Financial and Insurance Mathematics is a two-year Master’s programme taught in English. It builds a strong mathematical foundation covering probability, statistics, econometrics, stochastic processes, financial mathematics, life and non-life insurance, risk management, accounting for insurers, machine learning and modelling with modern software tools. Graduates can construct and analyse financial and insurance products and qualify to pursue actuarial practice internationally.
Career Outcomes: Graduates can work in actuarial roles, risk management, quantitative finance, insurance product development, modelling, data science. Common roles include actuaries, risk analysts, quantitative analysts, insurance analysts and pricing specialists in banks, insurers, consultancies and fintech.
The Financial and Insurance Mathematics study program provides education concerning the theoretical and practical knowledge of financial and insurance mathematics. On a solid mathematical background, one develops mathematical modeling in insurance, banking, and other financial institutions. The graduate is capable to construct financial and insurance products and analyze them from the point of view of profit and risk. The graduates of Financial and Insurance Mathematics have education which is necessary to obtain a certificate of competence to execute the actuarial practice in the international context.
The graduate of study program Financial and Insurance Mathematics has a deep knowledge of basic mathematical disciplines and a special knowledge of probability and mathematical statistics, econometrics and stochastic processes, mathematical methods in finance, life and non-life insurance, risk management, accounting (including an accounting of insurance companies), machine learning and modeling using modern software tools. The graduate is capable to model financial and insurance products and perform their analysis from the point of view of risk, profit, and other characteristics which are necessary for effective financial management. The graduates of Financial and Insurance Mathematics have education which is necessary to obtain a certificate of competence to execute the actuarial practice in the international context.
