KU Leuven
Program website: https://feb.kuleuven.be/
University website: https://www.kuleuven.be/
Country: Belgium
The Master of Actuarial and Financial Engineering (MAFE) is a KU Leuven program offered in the city of Leuven by the Faculty of Economics and Business, an EQUIS-accredited School, together with the Faculty of Science and its research group in Statistics. Located in the heart of Europe, KU Leuven has been a center of learning for six centuries since its founding in 1425. It has grown significantly into a multi-campus university, welcoming both national and international students from a diverse range of nationalities. Leuven is a bookish college town, where a high quality of living and studying at reasonable cost are key (see e.g. the registration fees of KU Leuven). KU Leuven ranks among the best 50 universities worldwide, and is one of Europe’s most innovative universities.
The Master of Actuarial and Financial Engineering (MAFE) is an English-taught program of 120 ECTS that prepares students for careers in actuarial science, financial engineering or quantitative risk management within financial institutions. The program aims to train students in the measurement and management of risks using advanced actuarial and financial models. It is designed for students who want to apply mathematical and statistical tools and models to solve real-world economic and financial problems.
To this end, the program offers comprehensive training in actuarial engineering (life and non-life insurance), risk engineering, financial engineering, and regulations. Advanced courses cover the latest developments in the field and equip students with the skills to utilize data science and insurance analytics effectively. These skills are crucial for analyzing large datasets, predicting future risks, and optimizing financial strategies.
The program adopts a multidisciplinary approach, combining technical and quantitative courses with coursework in financial and insurance regulation, prudential regimes, economics, and reporting. This blend of theoretical and computational training is complemented by practical insights from experienced staff, guest lecturers, and an internship, providing students with a well-rounded education. In addition, the program and coursework gain students admission to the Institute of Actuaries in Belgium (IA|BE), and - via this institute - to the International Actuarial Association (I.A.A.).
The high-quality coursework is taught by experts in the field of actuarial science, risk management and financial mathematics (among others Prof. Katrien Antonio, Prof. Jan Dhaene and Prof. Wim Schoutens). Students will learn from both full-time academics as well as visiting professors with a strong track record in the industry. All professors participate in the Leuven Research Centre for Financial and Actuarial Risk Analysis (LRisk), which promotes research, education and corporate connections.
Degrees offered: Masters and PhD
Course listings:
Life Insurance Mathematics
Actuarial Mathematics for Pensions
Advanced Life Insurance Mathematics
Loss Models
Data Science for Non-Life Insurance
Risk Management in Financial Institutions
Foundations of Quantitative Risk Measurement
Statistical Tools for Quantitative Risk Management
Fundamentals of Financial Mathematics
Financial Engineering
Solvency of Financial Institutions
Admissions & Contact:
Prof. Dr. Katrien Antonio
Associate professor
AFI - Research Centre Insurance
+32 16 32.67.65
katrien.antonio@kuleuven.be