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  • Stat AUEB

Μ.Sc. in Quantitative Management of Actuarial and Financial Risk


The Interdepartmental Postgraduate Program entitled "Postgraduate Diploma in Quantitative Management of Actuarial and Financial Risk" aims to provide specialized postgraduate level knowledge in the key areas of Actuarial and Financial Risk Management with an emphasis on Quantitative Methods. Purpose of the program is the training of postgraduate students in the statistical-quantitative analysis of financial and actuarial data and the development of modern techniques in estimating / anticipating business risks in financial and insurance-actuarial products.

The program focuses on the following fields:

(1) Stochastic and statistic modeling of financial, insurance and actuarial risk.

(2) Risk management techniques

(3) Selection techniques for financial and insurance portfolios

The duration of the Program is five semesters, of which the 5th is dedicated to the thesis writing. Classes take place two afternoons per week.

Course List:

Three obligatory courses are offered in each of the first four semesters

First Semester


Probability and applications using computational techniques (5 ECTS)

Statistics and applications using computational techniques (5 ECTS)

Financial Markets and Corporate Finance (5 ECTS)

Second Semester


Optimization Techniques and Portfolio Theory (5 ECTS)

Linear models and Time Series Analysis (5 ECTS)

Stochastic Processes and Derivative Markets (5 ECTS)

Third Semester


Financial Econometrics (5 ECTS)

Financial Mathematics with Applications (5 ECTS)

Life Insurance – General Insurance (5 ECTS)

Fourth Semester


Insurance Risk Management - Solvency II (5 ECTS)

Credit and Financial Risk Management (5 ECTS)

Topics in Insurance and Finance (5 ECTS)

Fifth Semester

Thesis writing (30 ECTS)

You can find a short description of the courses here.

The program regulation is here (in Greek).

The PD for the program's regulation can be found here​​ (in Greek).

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