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    ISEG - Lisbon School of Economics and Management Logo
  • Study Type

    Full time available

  • Subject Areas



  • Start Date


  • Course Duration

    2 years

  • Course Type


  • Course Fees

    First year: 4000€; Second year: 2000€

  • Last Updated

    12 February 2018

Course content

The Master in Actuarial Science at ISEG - Lisbon School of Economics and Management, was designed according to the international requirements for the actuarial profession. It is meant to cover most of the course materials indispensable for the accreditation of an actuary in the European Union.

The programme offers a solid academic foundation in actuarial science, statistics and finance, providing you the skills to become a successful actuary. 

Our Masters in Actuarial Science is one of only a few to be accredited by the UK actuarial profession, the Institute and Faculty of Actuaries. A good performance can lead to exemptions from the professional examinations CT1, CT2, CT3, CT4, CT5, CT6 and CT8. If you have a BSc from ISEG you may have also exemption from CT7.

Our Master is also in the SOA (Society of Actuaries, in North America) UCAP list.

During the fourth semester, you may take a training post in an insurance company.

It is accredited by the Portuguese Agency for Assessment and Accreditation of Higher Education - A3ES.

ISEG Actuarial Science Club is entirely managed by our students. They arrange a series of seminars by industry professionals (most of them alumni from our Masters) and popular social events.

Credits: 120 ECTS

Language : English

Application: Online

Core Modules

1st Semester

Computational Tools for Actuaries

Financial Mathematics

Financial Markets and Investments

Probability and Stochastic Processes

Risk Models

2nd Semester

Generalized Linear Models

Loss Reserving

Survival Models and Life Contingencies

Risk Theory

Time Series

3rd Semester

Actuarial Topics

Asset-Liability Management

Finance and Financial Reporting

Models in Finance

Pension Funds

Ratemaking and Experience Raking

Solvency Models

4th Semester


Visit the Masters in Actuarial Science page on the University of Lisbon website for more details!






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