Actuarial Science

Program Structure

Semester 1 – Foundations of Actuarial Science

• Probability Theory
• Statistics
• Financial Mathematics
• Risk Theory

Semester 2 – Advanced Actuarial Methods

• Insurance Mathematics
• Actuarial Models
• Pension Systems
• Financial Risk Management

Semester 3 – Applied Actuarial Research

• Risk Analysis Projects
• Insurance Data Analysis
• Predictive Modelling
• Research Project Development

Semester 4 – Research and Final Project

• Advanced Actuarial Topics
• Actuarial Research Project
• Professional Applications
• Master Thesis / Final Research Project

Career Opportunities

Graduates of the Actuarial Science Master’s program can work in insurance, financial risk management, and pension planning. With expertise in probability, statistical modeling, and financial mathematics, graduates are well-prepared for careers as actuaries, risk analysts, or insurance specialists. This program provides opportunities in insurance companies, financial institutions, consulting firms, pension organizations, and investment businesses requiring accurate evaluation of financial uncertainty and long-term risk.

Why Choose This Program

The Actuarial Science Master’s program provides students with a comprehensive understanding of measuring and managing financial risks through mathematical methods. Students gain expertise in probability, statistical analysis, and insurance modeling. The program’s interdisciplinary approach ensures that graduates are prepared for careers in insurance, finance, pensions, and risk consulting. Graduates are equipped to assess uncertainty and support responsible long-term financial decisions.

Contact Information

For further information, please contact the admissions office at:
Phone: +351 213 925 900
Email: seclic@iseg.ulisboa.pt
Address: ISEG - Lisbon School of Economics and Management, Rua do Quelhas, 6, 1200-781 Lisbon, Portugal