Actuary course

With a 100% employment rate, ISFA actuaries are amongst some of the most sought-after professionals by Finance and Insurance companies.

What is an actuary?

An actuary is a specialist in the application of probabilities, statistics and risk management. They work in the various sectors:

  • Insurance
  • Finance
  • Social protection
By bringing practical answers in terms of portfolio enhancement, pricing, risk modelling, solvability measurements, …
The new European Directives establish the role of actuaries as a bona fide institution within insurance and reinsurance bodies.
Their skills range from mathematics to management, from law to economics, accounting, English and computer sciences.
The “Institut des Actuaires” in France presides over the profession and ensures the adherence of skill requirements and compliance with the actuarial moral code of conduct.


+ statements from actuaries

1st year: 3rd year Bachelor's degree

  • Probabilities
  • Computer sciences
  • English
  • Accounting
  • Banking studies
  • Mathematics
  • Economics
  • Insurance studies
  • Business studies
  • Financial mathematics
  • Law
  • Macroeconomics


2nd year: 1st year Master's degree

  • Statistics
  • Random models
  • Optimisation
  • Financial analysis
  • Law
  • Provisioning
  • English
  • Accounting
  • Computer sciences
  • Career project
  • Stochastic calculations
  • Group benefits planning
  • Actuarial mathematics
  • Finance
  • Economics

3rd year: 2nd year Master's degree

  • Reinsurance
  • Market finance
  • Accounting regulations
  • Social protection
  • Strategic thinking
  • English
  • Professionalism and code of conduct
  • Dependencies
  • Advanced statistics
  • Risk measurement
  • Asset liabilities management
  • Group benefits planning
  • Credit risk
  • Advanced stochastics models
  • Non-life insurance
  • Pensions
  1 month internship
3 months internship
Opportunities of a semester abroad
Year-long university and work internship or 6-month continuous internship
Actuarial Master's thesis