Curriculum
First year
- 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
- 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 foreign students) - 3 ECTS
- Elective courses - 10 ECTS
- Final dissertation - 12 ECTS
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* Elective courses list:
Economic and Business Area
- Derivative securities pricing (8 ECTS)
- Risk management (8 ECTS)
Legal area
- EU risk governance regulation (5 ECTS)
Statistical area
- Statistical modelling (5 ECTS)
Applied mathematical area
- Quantitative risk management (5 ECTS)
- Actuarial and financial modelling for solvency II (5 ECTS)
- Introduction to actuarial mathematics and risk theory (10 ECTS)*
- Internship (5 ECTS)
*Students who need to strengthen their knowledge in Actuarial mathematics, Risk theory and Advanced mathematics (depending on their Bachelor Degree) might be required to attend this course at the beginning of the programme to follow properly the advanced actuarial courses (in the study plan, this will substitute the elective courses).
Career opportunities
Graduates will gain methodological knowledge and tools also at an interdisciplinary level that will enable them to fill jobs at high professional levels both in private companies and state or local public institutions; that is to say, in medium and large businesses, banks, insurance companies and welfare institutions. They will carry out analysis and management of human resources, production, and quality. They will analyze and evaluate markets and socio-economic and environmental scenarios and run a statistical analysis of complex phenomena.
Specifically, the MSc degree in Actuarial sciences, risk and data analysis prepares for Actuary and Risk Manager.
Double Degrees
Student enrolled on the graduate degree programme in Actuarial sciences, risk and data analysis (Curriculum Actuarial Sciences for Insurance) can access a profile for a double degree:
- MSc degree in Actuarial Sciences, Risk and Data Analysis (Università Cattolica del Sacro Cuore) and
- MSc degree in Mathematical Finance (UNC Charlotte).
Programme dates
Classes for the academic year 2025/26 start on September 8, 2025.
The calendar of the Faculty of Banking, Finance and Insurance Sciences for the academic year 2025/26 will be published here in July.
Learning Italian
SELDA (Servizio Linguistico di Ateneo) organises fee-paying Italian language courses. For more information contact SELDA from the dedicated iCatt function (in the homepage, box “request for information”), or send an email to selda.lingueper@unicatt.
Theology seminar
Students are required to attend theology teachings aimed at offering a reasoned and critical knowledge of the Christian message.