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Master en sciences actuarielles, à finalité spécialisée (Master of Actuarial Sciences, leading to specialisation ) [ACTU2MS]
>> Programme management
>> Study objectives
>> Admission conditions
>> Admission procedures
>> General structure of the programme
>> Programme content
>> Evaluation
>> Positioning of the degree within the University cursus

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Programme management

IAG Département d'administration et de gestion

Study objectives

The objective of the Master's programme of Actuarial Sciences is to train actuaries. The programme comprises 2 years of studies (120 credits) at the end of which the degree will entitle access to the Recognition Office of the Royal Association of Belgian Actuaries (ARAB). The title will also be required by the Insurance Control Office (OCA) for the function of "designated actuary".

Admission conditions

The master of Actuarial Sciences, leading to specialisation, is accessible to full university graduates (or bachelors), or those holding a master's degree in Physical Sciences, Mathematical Sciences, Economic Sciences, Applied Economic Sciences or Management Sciences, Civil Engineering, Commercial Engineering or Management Engineering. Admission applications from students holding an equivalent degree may be requested and will be examined on a case by case basis.

Admission procedures

The University admission and enrolment procedures are described under the "General Information" section of the WEB page :
http://www.ucl.ac.be/etudes/programme.html

Applications for the programme must be introduced in writing to the secretary's office of the IAG in accordance with the procedures defined by the University and the Institute.

General structure of the programme

The programme comprises 120 credits, spread equally over 2 years of study.

It is composed of :

  • a core syllabus (90 credits) including compulsory courses (37 credits), options (15 credits), complementary courses (15 credits), an apprenticeship period in a firm ( 8 credits) and a thesis (15 credits)
  • a specialisation (30 credits)

Programme content

Core syllabus (90 credits)

ACTU2111

Non life Insurance I[30h+15h] (4.5 credits) (in French)

Antoine Delwarde (supplée Michel Denuit), Antoine Delwarde (supplée Michel Denuit), Michel Denuit

ACTU2121

Life insurance[30h] (4.5 credits) (in French)

Pierre Devolder, Françoise Gilles

ACTU2130

Mathematics of financial markets[45h] (4.5 credits) (in French)

Pierre Devolder

ACTU2140

Social security and pension funds[30h+15h] (4.5 credits) (in French)

Pierre Devolder

DESO3112

Théorie générale de la fiscalité en rapport avec l'assurance et les services financiers[15h] (4.5 credits) (in French)

Jacques Autenne

DPRI2323

Insurance Law[30h] (4.5 credits) (in French)

Bernard Dubuisson

DPRI3104

Problèmes économiques et financiers de l'assurance[30h] (5 credits) (in French)

Christian Jaumain

DPRI3111

Séminaire de problèmes économiques et financiers de l'assurance[30h] (in French)

Christian Jaumain

Options (15 credits)

IAG3030A

Portfolio and investment analysis[30h] (5 credits) (in French)

N.

IAG3030B

Options, futures and derivatives[30h] (5 credits) (in French)

N.

IAG3030C

Financial Management of banks I[30h] (5 credits) (in French)

N.

DPRI3105

Gestion des risques[30h] (5 credits) (in French)

Daniel Bertaux

DPRI3102

Droit des accidents du travail[15h] (2.5 credits) (in French)

Daniel de Callatay

DPRI3101

Distribution de l'assurance[15h] (2.5 credits) (in French)

Patrick Wéry

STAT3210

Resampling methods with applications[30h] (5 credits) (in English)

Cédric Heuchenne (supplée Léopold Simar), Léopold Simar

Complementary courses (15 credits)

To be determined in accordance with the student :

For the students with an orientation in Economics : 15 credits of complements in Statistics

For the students with an orientation in Mathematics : 15 credits in Economics, Accountancy and Law

Apprenticeship in a firm or in a research unit at UCL (8 credits)

Thesis (15 credits)

Specialisation (30 credits)

ACTU2122

Additional life insurance components[30h] (3 credits) (in French)

Michel Denuit

ACTU2123

Non life Insurance II[30h] (4.5 credits) (in French)

Michel Denuit

ACTU2124

Reinsurance[30h] (4.5 credits) (in French)

Jean-François Walhin

ACTU2152

Stochastic calculus with application to finance and insurance I[30h] (4.5 credits) (in French)

Pierre Devolder

ACTU3811

Financial management of insurance companies[30h+15h] (5.5 credits) (in French)

Céline Azizieh

ACTU3812

Life related insurance[30h] (4.5 credits) (in French)

Michel Denuit

ACTU3813

Stochastic calculus with application to finance and insurance 2[30h] (4.5 credits) (in French)

Pierre Ars, Pierre Devolder

ACTU3810

Marketing of financial and insurance companies[15h] (2.5 credits) (in French)

Roland Saintrond

Evaluation

The thesis is presented before a jury composed of the director of the thesis and the academic reporter. The report of the work placement is also presented before a jury composed of the work placement supervisor, the study promoter and the academic reporter.

Positioning of the degree within the University cursus

The Master of Actuarial Sciences entitles access, upon successful completion with the right grade, to the doctoral programme of Actuarial Sciences.



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Person in charge : Jean-Louis Marchand - Information : info@espo.ucl.ac.be
Last update :13/03/2007