The Master in Finance program at the University of Ulm, which is taught in English, starts every winter semester. General information can be found here. After the first term, Finance students choose their specialization for the optional courses in the second and third semester. One possible specialization is in actuarial science which this webpage is about.

The specialization in actuarial science is particularly suitable for Finance students, because they can flexibly use the broad range of optional modules in all areas. Furthermore, they have the possibility to take DAV exams (German association of actuaries) integrated in their study program.

Our academic program offers a wide variety of elective modules in the fields of risk management, insurance, and actuarial science, but also small-group courses on special topics. Besides, there are actuarial seminars every semester and an actuarial “WiMa-Praktikum” (= practical application of actuarial science) every summer term (as you can see from the current courses). Within each lecture, several practitioners give talks on current issues, so that our students are not only taught in theory, but also get to know current challenges in practice. All students specializing in actuarial science are provided fully developed study plans with lectures that are perfectly coordinated.

Due to the diversity of topics related to actuarial science, we offer master theses in various areas, e.g. mathematical problems, statistical questions, special aspects of optimization and topics focusing on computer science as well as on economic questions. The current topics have their origin in our research interests:

• Asset-Liability-Management
• Application of models from financial mathematics in insurance science
• Valuation of insurance products
• Risk management
• Occupational pension schemes
• Analysis of insurance products and insurance markets
• Data mining

All topics have a high practical relevance and some master theses are carried out in cooperation with companies. Furthermore, we are open to suggestions about the realization of master theses with suitable topics in companies. Current topics can be found here.

Full information on the study plan and the curriculum of the Master in Finance study program can be found here. The study plan also shows the lectures suited for a specialization in Actuarial Science.

Further information on our current lectures can be found here. Please note that our lectures will not take place every semester.