All programmes > Programme : Master of Actuarial and Financial Engineering (Leuven)

Master of Actuarial and Financial Engineering (Leuven)

Master of Science

Programme summary

Master of Actuarial and Financial Engineering (120 ECTS)

Master of Actuarial and Financial Engineering (120 ECTS)

Education

What can you find on this webpage?

Our (future) students can find the official study programme and other useful info here.

You can find information about admission requirements, further studies and more practical info such as ECTS sheets, or a weekly timetable of the current academic year.

Are you a future student?

Be sure to first take a look at the page about the Master of Financial and Actuarial Engineering

There you can find more info on:

- What’s the programme about?

- Starting profile

- Admission and application

- Future possibilities

- Why KU Leuven

- Contact

- ...

Objectives

The programme Master of Actuarial and Financial Engineering expects students to acquire certain knowledge, skills and attitudes and therefore formulates the following programme-specific learning outcomes:

The graduate of the programme is able to describe and use theories and models from economic science and, with those, is able to analyse the real economic context in the domain of insurance, pensions and social security.

The graduate uses advanced knowledge of the insurance company, the pension pillars, the social security and diverse financial products in analysing business problems (especially: challenges related to insurance and financial risks and financial institutions) and is able to propose, compare and assess different solutions in a real business context.

The graduate is able to apply the actuarial techniques for the valuation of diverse life and non-life insurance products and the managing of a portfolio of such products.

The graduate is able to independently conduct a data-analysis within a software and programming environment, to build a risk model and to simulate different scenarios.

The graduate gives advice for designing, optimising and managing insurance and financial risks as an expert from specialised knowledge and insight and founded by quantitative analyses, with critical attention for the broad framework of business, the environmental factors and the relevant public players.

The graduate of the programme is able to describe and apply the key concepts of economic policy with regard to pensions, the (in)ability to insure (new) risks and the principles of solidarity and segmentation in order to critically assess, judge and remedy policy choices and to discuss their implications.

The graduate is able to apply the ‘state of art’ mathematical and statistical methods in order to build stochastic models within a real actuarial or financial context, with critical attention for the limitations and assumptions of the methods.

The graduate uses advanced methods and techniques to independently formulate and respond to a complex research question of (technical) actuarial or financial nature and thus offers a creative contribution to the domain of actuarial and financial science.

The graduate is able to independently model a (technical) actuarial or financial problem, to collect, analyse and integrate the necessary information and to select the for this purpose customary methods and techniques.

The graduate independently formulates substantiated viewpoints and advice with regard to a (technical) actuarial or financial subject and approaches this from different perspectives.

The graduate is able to outline the European and Belgian regulation and supervision framework with regard to insurance and financial institutions.

The graduate is able to link the regulation and supervisory framework to practice-oriented cases.

The graduate develops professional skills in preparation of the transition to the job market (leadership skills, teamwork, communication skills).

The graduate is able to actively participate in the development of new knowledge and insights within a professional environment.

The graduate acts honestly, meticulously and independently, and communicates and reports transparently, in accordance with professional ethics.

The graduate is able to analyse (business-)economic questions with regard to insurance, pensions and financial products in an international framework.

The graduate detects important evolutions and innovations in the financial sector, follows these up and judges if they are relevant for the specific business context.

The graduate is aware of the necessity of lifelong learning. He/she is able to adequately take action in order to keep up to date with and refine his/her acquired knowledge and skills when evolutions and innovations in the work field and the scientific reference frameworks demand this.