(Actuarial and Applied Mathematics)
Building leaders and driving change through education
Department of Mathematics
Actuarial Study
Actuarial studies are statistical and financial analyses used to predict and manage future risks, especially those related to long-term finances. These studies are usually conducted by actuaries and are essential in the insurance, pension fund, and financial risk management industries.
Purpose of Actuarial Studies
The main objectives of actuarial studies are to:
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Estimate future financial obligations, such as insurance claim payments, pension benefits, or risk of loss.
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Determine reasonable insurance premiums or pension fund contributions to ensure sufficient funds to cover these obligations.
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Evaluate the long-term financial viability of a program or scheme (e.g. national pension or health insurance)
Business Mathematics
Business mathematics is the application of mathematical methods and techniques to solve practical problems in business and commerce. It involves the use of mathematics to analyze, interpret, and make decisions related to business operations, finance, economics, and management.
Be Creative and Innovative at Mathematics
Being creative and innovative in mathematics means exploring beyond formulas and standard procedures—finding new ways to think about problems, creating original proofs, or applying math concepts in unique real-world ways.
integrate applied mathematics and computer science.
Computational Mathematics at UPH
In Computational Mathematics, we integrate applied mathematics and computer science. Many industrial problems—as well as problems in business, economics, engineering, finance, and medicine—can be solved using mathematical models.
Nowadays, problems are increasingly complex, requiring computer-based methods to simulate such models. Therefore, professionals with specialized knowledge and skills in computer modeling of mathematical problems are highly valuable.