Actuarial Modelling

Actuarial Mathematics in Practice – Strengths and Weaknesses of Mathematical Models

Have you completed a degree in mathematics and are you already working in insurance, consulting, auditing or financial market supervision?

Then the university course “Actuarial Modelling” is your chance to expand on your expert knowledge in mathematical models and combine theory with practical application in your daily work!

The programme focuses on models and methods of life and non-life insurance mathematics. These are then critically reflected upon, tested in practice, and additionally discussed on connection with the actuarial control cycle.

Graduates are able to confidently use and adapt complex mathematical models in the insurance industry and communicate the results professionally.

The content of the course follows the training requirements of the Austrian Actuarial Society (Aktuarvereinigung Österreichs AVÖ) in effect at the date of the course, so that successful completion of the course fulfils the actuarial modelling requirement for training as a recognised actuary. https://avoe.at/aus-und-weiterbildung/aktuarausbildung/

Young woman writing mathematical equations on a glass board.

Dates and deadlines

Next course start: 14 November 2025 (2:00–5:45 p.m.)

Application deadline: 3 November 2025

Course dates:
Online: 17/24 November and 1/15 December 2025 (via Webex)
In-person: 14 November and 15/29 January 2026
Course times:
Online: 5:30–7:00 p.m.
In-person: 10:30 a.m.–3:00 p.m.

Quick Facts

Duration: One semester
Academic degree: Certificate from TU Graz (if final examination is passed successfully), confirmation of participation (without successful completion of the final examination)
ECTS credit points: 3
Language of instruction: English
Participation fee: EUR 500 (VAT-free) including course materials and drinks during breaks
Location: TU Graz
Number of participants: max. 25

Curriculum (available in German only)

Man at a table with a notebook and a smartphone.

Academic management

Stefan THONHAUSER
Univ.-Prof. Dipl.-Ing. Dr.techn.
Institut für Statistik
Tel.: +43 316 873 4540

stefan.thonhausernoSpam@tugraz.at

Content

Practical principles and influencing factors of actuarial models
Aspects of model selection and model validation
Comparison of the Solvency II standard model and internal models
Outlook on insurance contracts under IFRS 4/17

Forms of teaching and learning

Theoretical inputs to convey fundamental aspects by the lecturers
In-depth learning and application by reflecting on, discussing and addressing specific questions

Target groups and admission requirements

The university course is aimed at

Graduates with a degree in mathematics who wish to complete actuary training and who are currently working for insurance, consulting or auditing firms, or financial market regulators, among others
Qualified actuaries who wish to update their expert knowledge
Professionals in relevant fields who are interested in the practical implementation and use of actuarial models

Admission requirements:

To enrol in the university course, you must have a degree in mathematics or have relevant professional experience in finance or insurance

The decision on admission to the university course is made by the academic manager responsible on the basis of the qualifications submitted.

Contact

Application

Please send your completed application form (available in German only) by e-mail or post to:

TU Graz
Life Long Learning
z.H. Sarah Meinhardt BA
Stremayrgasse 16
8010 Graz

lifelong.learningnoSpam@tugraz.at

Contact

Sarah Meinhardt
BA

TU Graz Life Long Learning
Tel.: +43 316 873 4945
lifelong.learningnoSpam@tugraz.at

Actuarial Modelling