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Università Cattolica del Sacro Cuore

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Explore key information about the 2-year MSc degree in Actuarial sciences, risk and data analysis at Università Cattolica  

 

The MSc in Actuarial Sciences, Risk, and Data Analysis is a two-year programme.  

Each course awards ECTS credits (European Credit Transfer System).  

You can find full course syllabi on the university website by selecting the academic year, campus, and Faculty. 

First Year Courses

  • Accounting and Management in Insurance – 10 ECTS 
  • Actuarial Non-Life Insurance – 8 ECTS 
  • Advanced Calculus and Stochastic Processes – 9 ECTS 
  • Data Analysis for Insurance – 9 ECTS 
  • Econometrics – 7 ECTS 
  • Statistics for Economics and Finance – 9 ECTS 
  • Quantitative Methods for Finance – 4 ECTS 
  • Theology Seminar 

Second Year Courses

  • Actuarial Life Insurance – 8 ECTS 
  • Actuarial Models for Social Security and Pension Funds – 7 ECTS 
  • Economics for Finance – 7 ECTS 
  • Insurance Law and Regulation – 6 ECTS 
  • Insurance Statistics and Advanced Risk Theory – 11 ECTS 
  • Foreign Language (French, Spanish, German, or Italian for international students) – 3 ECTS 
  • Elective Courses – 10 ECTS 
  • Final Dissertation – 12 ECTS 

What elective courses can I choose?

You will choose electives based on your interests and career goals. These may include: 
  • Economic & Business 
    • Derivative Securities Pricing – 8 ECTS 
    • Risk Management – 8 ECTS 
  • Legal 
    • EU Risk Governance Regulation – 5 ECTS 
  • Statistics 
    • Statistical Modelling – 5 ECTS 
  • Applied Mathematics 
    • Quantitative Risk Management – 5 ECTS 
    • Actuarial and Financial Modelling for Solvency II – 5 ECTS 
    • Introduction to Actuarial Mathematics and Risk Theory – 10 ECTS (see note below) 
  • Internship – 5 ECTS 

 

Note for students with a non-actuarial background: 
If your bachelor’s degree did not include advanced actuarial or mathematics training, you may be required to take “Introduction to Actuarial Mathematics and Risk Theory” at the beginning of the programme. This course will replace your electives in the study plan. 

*Theology Seminar

Theology courses are seminars in religious studies that explore religious and ethical topics from an academic and cultural viewpoint, promoting thoughtful discussion across diverse traditions.
If you join the master’s programme in Actuarial Sciences, Risk and Data Analysis, you can apply for one of two double degree programmes.  

These options allow you to study at Università Cattolica and at a partner university abroad. At the end of your studies, you will earn two qualifications — one from each institution.  

Available double degrees 

  • University of North Carolina at Charlotte (USA) 
    • MSc in Actuarial Sciences, Risk and Data Analysis from Università Cattolica del Sacro Cuore 
    • MSc in Mathematical Finance from the University of North Carolina at Charlotte (UNCC) 
  • University of Southampton (UK) 
    • MSc in Actuarial Sciences, Risk and Data Analysis from Università Cattolica del Sacro Cuore 
    • MSc in Actuarial Science (University of Southampton) 

These double degrees are competitive and require a separate application after enrolment. 

Graduates of this programme are well-prepared for high-level careers in both the private and public sectors. You can work in areas such as finance, insurance, banking, and public administration. Typical employers include large companies, insurance firms, pension funds, and government agencies. 

 

With this degree, you will be able to: 

  • Evaluate and manage financial, environmental, and social risks 
  • Analyse markets, population trends, and economic data 
  • Support decision-making in production, human resources, and quality management 
  • Use data and statistics to understand and explain complex situations 

 

Common career paths include: 

  • Actuary – experts who use math and statistics to assess financial risks in insurance and pensions 
  • Risk Manager – professionals who help organisations understand and reduce risk 
Classes start: September 8, 2026 (TBC) 

The academic calendar for 2026/27 will be online in July (visit this page). 

A Welcome Event is usually held the week before classes begin. Details will be shared in early August. 

 

International students can join Italian language courses offered by SELDA (Servizio Linguistico d’Ateneo). These courses require a fee. 

 

To contact SELDA: 

  • Use the “Request for Information” form on the iCatt homepage