Financial mathematics underpins many actuarial calculations.

Topics include interest theory, derivatives, and stochastic processes.

Used to value insurance contracts and pension liabilities.

Essential for pricing, reserving, and risk management tasks.

Strong math skills are required to master these concepts.

Courses blend pure math with financial theory and applications.

Financial mathematics supports quantitative risk analysis.

Actuaries apply these skills in investment and insurance sectors.

Understanding markets and instruments is critical for actuaries.

Advanced knowledge can lead to specialized actuarial roles.