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In the Bachelor’s in Actuarial Science we train you to quantify risk by using mathematics, probability, statistics and data science. How likely is it that a factory will burn down? What would be the financial damage if that were to unexpectedly happen? What is the likelihood of you living to 101 so that your pension fund has to pay out for 45 years? As an actuary or risk manager you analyse data, make calculations and make a decision or recommendation.

The programme

The first 2 academic years of the Bachelor’s in Actuarial Science are almost in common with the Bachelor's programme in Econometrics and Data Science.

During your Bachelor's you apply your knowledge directly to real business cases using concrete data. Together with your fellow students, you come up with solutions for challenges that organisations or society face. This gives you the opportunity to explore the actuarial field.

Dutch or English?

If you are a Dutch-speaking student, you can also opt for our Dutch track. Both programmes are identical in terms of level and content. If you’re looking for a smoother transition to a fully English-taught programme, the Dutch track could be the right choice for you.

COURSES SEM 1 SEM 2 SEMESTER 1 SEMESTER 2 EC
  • Macroeconomics for AE
    Period 1
    6
  • Mathematics 1: Calculus
    Period 1
    6
  • Microeconomics for AE
    Period 2
    6
  • Probability Theory and Statistics 1
    Period 2
    6
  • Introduction Econometrics and Actuarial Science
    Period 3
    6
  • Finance for AE
    Period 4
    6
  • Mathematics 2: Linear Algebra
    Period 4
    6
  • Probability Theory and Statistics 2
    Period 5
    6
  • Programming and Numerical Analysis
    Period 5
    6
  • Introduction Data Science: Data Preprocessing
    Period 6
    6
Compulsory course
Elective
Hi, I'm Farhad! I'm a Bachelor’s student in Actuarial Science from Azerbaijan. Got questions about studying at the UvA? Get in touch. Chat with Farhad
Additional options during your studies
Actuarial Science explained

Student Fadzai and our Programme Director explain what the Bachelor's programme Actuarial Science is about. 

Car crash
Real-life case: predicting auto insurance claims

Auto insurance companies have thousands of customers insured against vehicle damage. Auto insurers need to predict the number and size of claims to set reserves and price their services accurately.

How can you use data from previous years to predict next year’s claim numbers and sizes? What characteristics of policyholders are relevant for those predictions: age, area of residence, vehicle type, gender? How confident can you be in your predictions? How can you minimize the probability of making losses without being too conservative with your finances? All of these questions can be answered using the tools we teach you in this Bachelor’s programme.

challenges posed by climate change
Real-life case: challenges posed by climate change

An increasing number of scientists agree that climate change is leading to more frequent and severe natural disasters. These disasters result in property damage, presenting a challenge for the insurance sector. How can an insurance company quantify the risks of disasters for a property or region? How can it adjust calculations to account for climate trends? How should it factor in the extra uncertainty caused by climate change into the prices of insurance products? How much reserve should it set aside to protect itself from this uncertainty? Learn how to address these questions using empirical data, statistical models, and programming skills.

Responsibility, sustainability and ethics integrated to the curriculum

In this Bachelor's programme, you will learn how to use mathematics, probability and statistics to quantify (financial) risks. Social issues increasingly play a role in this. The study programme therefore regularly covers topics such as sustainability, ethics and social responsibility. For example, you will learn how to research how many people choose a more sustainable mode of travel when petrol becomes more expensive and how calculations should be adjusted taking sustainability issues into account. Also, you will discuss responsible use of data and possible adverse consequences of relying too much on models.

How are these themes integrated into the curriculum?

Through practical assignments, you will directly apply the knowledge you acquire during your studies to current topics in the media and real business cases. These topics are often related to ethics, corporate social responsibility and/or sustainability. This starts in the 1st year in Introduction Econometrics and Actuarial Science and Introduction Data Science. Furthermore, there is an explicit focus on ERS themes in courses such as Mathematical Economics 1 and Econometrics 1 and 2.

Justin Kersten, student BSc Actuarial Science
Copyright: EB
'I learned things about myself that I would not have if I had studied elsewhere' Justin Kersten, student Actuarial Science Read about Justin's experiences with this Bachelor's
Frequently asked questions