Focus on Actuarial Mathematics in the master's program in Applied Mathematics

The job description of actuaries has undergone a profound change in recent years. Whereas in the past, actuaries were primarily involved in setting prices for insurance products, today they are active in many different areas. In addition to the classic actuarial task of calculating rates, our graduates are sought after for work in risk management and investment strategy. There is also an increasing focus on tasks in the field of Big Data, and the German Actuarial Association has taken this into account in 2020 with the introduction of the new training focus Actuarial Data Science.

    The bachelor's and master's degree programs at Darmstadt University of Applied Sciences offer excellent training opportunities with courses in various areas of actuarial mathematics, financial mathematics, and stochastics, as well as with the offerings from the Data Science program as a prerequisite for starting a career in this field of activity.

    Who are potential employers?

    In addition to insurance companies, pension funds and consulting firms are important employers of actuaries. Furthermore, large companies with their own actuarial departments and also authorities such as BaFin (Federal Financial Supervisory Authority) employ graduates of our degree programs.

      A selection of topics of bachelor and master theses of the past years

      • Cancellation discounts in life insurance
      • Statistical test procedures for checking mortalities in active and pensioner portfolios
      • Forecasts for the run-off of benefit-liable portfolios of occupational disability insurance
      • Adjustment of mortalities of the Heubeck mortality tables 2018G to the portfolio of a pension fund
      • Determination of a stress factor for the lapse risk of a health insurance company under Solvency II
      • Sensitivity analyses for the internal Solvency II model of a non-life insurer
      • Empirical analysis of projected unit credit values in occupational pension schemes with stochastic variation of valuation assumptions
      • Implementation of unisex calculation bases in occupational pension schemes