Welcome to the homepage of FAM - TU Wien

The research unit FAM - Financial and Actuarial Mathematics - is part of the Institute of Statistics and Mathematical Methods in Economics at TU Wien, located in the very heart of Vienna, a stone's throw away from the opera.

Stochastic financial and actuarial mathematics is a very dynamic field of research, actively advancing and thriving in academia, banks and insurance companies. In recent years, advanced stochastic methods have become essential tools for managing financial risk and for pricing and hedging derivatives, such as options. The modelling of insurance risk has a long-established tradition and still remains a core focus for actuaries - certified insurance mathematicians. The two areas - ﬁnancial and actuarial mathematics - become more and more interrelated and present an excellent example of a fruitful interplay between basic research and practical applications. The mathematical techniques developed in these areas are becoming indispensable to the daily operations of banks and insurance companies, creating excellent career opportunities for specialists in the field.

Teaching

We offer a bachelor und a master in financial and actuarial mathematics. A master degree in actuarial mathematics obtained at TU Wien covers the complete theoretical actuarial education in Austria.
Together with AVOE (Actuarial Association of Austria), FAM organises a series of lectures called Actuarial Modelling Club, opens an external URL in a new window, allowing actuaries to continue their professional development (CPD).

Research

Research topics at FAM include arbitrage theory, derivatives, stochastic control, credit risk, interest rate modelling, limit order books, pension insurance, portfolio optimisation, reinsurance, risk management, ruin probabilities and volatility modelling. We familiarise our students with the most recent research developments, for instance, through advanced lectures and master theses. More information about our projects and publications is found on the websites of our staff.

Events

FAM organises talks (in particular, in the framework of the "Actuarial Modelling Club" and the Vienna Seminar on Mathematical Finance and Probability), conferences, workshops, summer schools and continuing education for actuaries, to foster a stimulating research environment, and to make recent research developments accessible to practitioners.

Contact

TU Wien
Financial and Actuarial Mathematics (E105-01&05 FAM)
Wiedner Hauptstrasse 8-10
1040 Vienna, Austria
fam@fam.tuwien.ac.at
https://www.tuwien.at/mg/fam, opens an external URL in a new window
Telefon: +43 1 58801 10511

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