Bachelor's degree program Insurance Mathematics

The study program Insurance Mathematics (abbr. IM) is created with the aim to prepare highly-qualified experts for the areas of insurance and finance with the knowledge of mathematical and statistical methods. The program is a balanced combination of mathematics, statistics, and insurance mathematics.

The key courses offered to the students of Insurance Mathematics can be divided into three areas:

  • Mathematics. In the first two years of study, the student will gain knowledge of mathematical analysis, algebra, programming, as well as the basics of probability and statistics.
  • Probability and Mathematical Statistics. In the third year, the student will expand their knowledge of mathematical statistics and probability by learning both the theoretical background of statistical analyses, as well as practical applications using statistical software R.
  • Insurance Mathematics. The program contains more than 10 courses on insurance and finance, including life insurance, general insurance theory (non-life insurance), probabilistic models in insurance (risk theory), health insurance, insurance law and accounting, mathematical models in demography, financial mathematics, investment theory and management theory. Lectures are usually recommended for the 2nd and 3rd year of study, when the student already has the necessary knowledge of mathematical analysis and probability theory.

Career

During their studies, the graduate of the Insurance Mathematics study program acquires a solid mathematical background and knowledge of core approaches and methods of mathematics and statistics, which enables them to continue their master's studies in the follow-up study program Probability and Statistics, but also in several related programs. In addition to being able to use knowledge of statistics to solve the tasks of data collection and analysis in common statistical models, the graduate also has in-depth theoretical and practical knowledge in the field of insurance, finance, accounting and investment. He/she knows the issues and models used in various areas of insurance: life, non-life, health insurance, investment. The graduate knows how to use information technology and statistical software, can independently work with Slovak and English scientific literature, write and present their results.

The graduate of the study program Insurance Mathematics has career opportunities mainly in the field of insurance, banking and other related areas; e.g., as actuary or analyst. They can also apply their knowledge in various other sectors where statistical methods are used, both in public administration and in the private sector. After completing the follow-up program, all graduates were employed, several of whom have already achieved remarkable successes and positions as analysts or actuaries in insurance and financial institutions. Larger groups of our graduates work in several major insurance companies, as well as in banks and financial institutions in Slovakia. Completion of the study provides a strong background for successfully passing actuarial exams in Slovakia and abroad.

10 reasons to study Insurance mathematics:

  • interesting and wide range of courses: finance, probability, statistics, demography and more,
  • study program with more than 20 years of history
  • possibility of specialization to other similar areas (risk management, finance, pension schemes, mathematical modeling in theory of probability, statistics of clinical trials, data analysis and others)
  • upon successful completion of the study, the graduate will confidently find a job position in the field
  • the position of 'actuary' is attractive and very desired by employers
  • unique work activity awaits the graduate during his/her working career
  • the possibility for significant personal growth
  • above average salary
  • in the CareerCast ranking, the profession of actuary ended up in the TOP10 out of 200 rated jobs
  • in addition to an excellent salary, the graduate can also expect other benefits during his/her career (e.g., traveling, support for further education by the employer, home office, etc.)

Information about the program

Program characteristics:

More information:

Recommendation from graduates of the Insurance Mathematics

Zuzana Takácsová - Team Lead & Expert in the People Analytics department, Swiss Re Management A.G.; graduate of IM and PMS.

Zuzana Takácsová

”I consider studying at MATFYZ (Faculty of Mathematics, Physics and Informatics) to be one of the best decisions in my life and I proudly share the good name of the faculty at work and in private. I like to learn and move in my career life and thanks to my studies I feel that I can do it fast and I am not afraid to change programming languages, technologies or try new methods. That is why I am currently continuing my education at the Faculty of Management. At People analytics, we analyze the company's internal employees, examine their behavior, report and analyze globally for the entire Swiss Re, and present the results even to top management. We work with SQL to collect and prepare data, we use R and Python for predictions and machine learning. We do data visualization using Tableau. If you are interested, MATFYZ will teach you how to learn and also to think independently. An honest approach, the hours spent in front of a computer or sitting at a table learning proofs will definitely pay off many times over in the future.”

Useful links



Selected achievements of students and graduates of IM

  • Achievements of IM graduates during the follow-up master's study in the competition of the Slovak Statistical and Demographic Society for the Best Student's Analytical Work: Daniel Hladký (2017, 2nd place), Michal Árvai (2017, 3rd place), Barbara Bubáková (2016, 1st place), Katarína Burclová (2013, 1st place), Michaela Cehlárová (2013, 3rd place)
    Competition SSDS 2017

  • Achievements of IM graduates during the follow-up master's study in the competition of Slovak Society of Actuaries for the Best Actuarial Master's Thesis: Barbara Bubáková (2018, 3rd place), Katarína Cibulková (2017, 2nd place), Zuzana Baradlaiová (2016, 2nd place), Zuzana Kabáthová (2014, 3rd place)
    Competition SSA 2017

  • Achievements of IM graduates during the follow-up master's study in the Czech-Slovak Student Scientific Conference: Katarína Burclová (2014, 2nd-3rd place)