Master of Actuarial and Financial Engineering (MSc)


For more information about Master of Actuarial and Financial Engineering at KU Leuven, please visit the webpage using the button above.

The award

How long you will study
2 Years

Domestic course fees
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How you will study

Course starts

International course fees
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All study options

About Master of Actuarial and Financial Engineering at KU Leuven

What is the programme all about?

The Master of Actuarial and Financial Engineering covers the fundamental concepts of insurance, techniques for quantitative risk management and principles of modelling assets and liabilities.


The Master’s programme consists of two years of 60 ECTS each. The compulsory core consists of about 90 ECTS, 24 of which are accredited to the master’s thesis, the remaining ECTS consist of compulsory courses, organised along five major topics:

  • actuarial engineering: life, health and pensions (18 ECTS);
  • actuarial engineering: property and casualty (12 ECTS);
  • risk engineering (18 ECTS);
  • financial engineering (12 ECTS);
  • regulation and reporting (4 ECTS).

You supplement the compulsory courses with electives along the same five domains, which consist of both business oriented and research oriented topics to cover your interests. An optional internship, research project in the LRisk research center, or summer school is also included in the possibilities. 


  • You will acquire advanced training in the modelling and managing of risks in financial institutions and learn to combine this knowledge across the different domains and to transform it into useful solutions to meet the challenges of insurances, pensions and financial risk management.
  • The diploma of Master of Actuarial and Financial Engineering allows students to join the professional associations of actuaries: the IA|BE (Institute of Actuaries in Belgium) and (via IA|BE) the IAA (International Actuarial Association).
  • International experience: you can spend the first semester of your second Master year abroad with one of the partner universities in our international network, both within and outside Europe. More information can be found on the website of the international office. In addition you will include 10 ECTS elective courses from the actuarial science programmes at ULB or UCLouvain.

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardMScHow you will studyFull-timeHow long you will study2 years
    Course startsSeptemberDomestic course fees find outInternational course fees find out

Notes about fees for this course

For more information about our tuition fees, please visit

Entry requirements

Read more about the admission requirements on the programme's webpage

Location of KU Leuven

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