The Global Centre for Risk and Innovation (GCRI)
Illustrative: the exceedance probability of a hazard as a sheet, return-period isolines and simulated events
Risk Academy, led by the Nexus Consortium · Finance and Economics
Actuarial science covers the quantitative methods of insurance and pensions: loss distributions, extreme value methods, dependence, credibility with sparse data, mortality and longevity, capital models and pricing under a changing climate, with validation of the models used.
The model
From a claims history to a premium: how much weight a policyholder's own record deserves
DataModelGateDecisionStandard it teachesStandard it relies onNeighbouring discipline
The model From a claims history to a premium: how much weight a policyholder's own record deserves
The subtopics its courses and labs teach.
Courses in development extend the scope to one further subject: Mortality and longevity risk.
For actuaries, quantitative analysts and students who need to fit, validate and use the loss, mortality and capital models that insurance and pensions depend on.
Each method is listed with what it assumes and where it fails.
Bodies and standards are named so learners can find and apply their published work; the Academy teaches their use and links to the publisher, and no affiliation is implied.
Actuarial science's own model, as a live chart: move each parameter and read how the outputs respond.
Search any place or open the world; the layers and generators follow actuarial science on the planet map, the globe and in 3D.
Drag to move, right drag or Shift with a drag to turn and tilt, Ctrl with the wheel to zoom. Keyboard: arrows move, Shift with arrows turn and tilt, + and - zoom, 0 resets, V steps through the views, Escape clears.
Flat plan of the same data: relief as contours from the inline grid, the plants by capacity, the industrial points by kind and the numbers below. The 3D twin opens on devices with WebGL once its data and library have been checked.
The boundaries, names and designations shown do not imply any judgement on the legal status of any territory, or any endorsement or acceptance of such boundaries. Countries: Natural Earth (public domain).
The Nexus Standards the discipline teaches toward, grouped by master standard, with the disciplines that teach each.
Nexus Standards at the AcademyThe Academy proposes how each discipline teaches toward the Nexus Standards; the mapping is open for review by the editors of the Nexus Standards.
Open scholarly sources searched with the subject terms of Actuarial science.
Search termsActuarial science; Loss distributions; Extreme value methods; Dependence and correlation; Credibility and sparse data; Mortality and longevityDerived from the Risk Academy page on Actuarial science.
No source is enabled for live display on this site yet: the sources are listed for reference and none is queried. Once the publisher of record enables a source after its terms are reviewed, recent works are listed here. Metadata and links only: title, authors, venue, year, type, open-access status and licence as each source records them; works are listed for orientation, not reviewed or endorsed.
Research and preprints as they are published, by discipline, with the faculty's other tools.
The hub lists the newest research and preprints for Actuarial science, each with its source and date. Open the research hub
Recent developments in actuarial science, each with its source; sources checked on 16 October 2026.
Courses for this discipline are in development; until they open, study it through the connected courses and open lessons below.
The courses from connected disciplines below also teach this field.
Each course has its primary discipline elsewhere and teaches this field as part of its scope.
From connected disciplinesIn development
| Lab | What you do in it | Courses using it |
|---|---|---|
| Exposure lab | Overlay people and assets with hazard footprints | 1 |
Field platforms of the ecosystem where the subject is studied and applied.
Nexus Foundry system pages describe what each system and its rooms are designed to do; the courses teach the methods these systems apply.
Start with Coles, then Embrechts, then Bühlmann.
Nexus Reports is the Consortium's quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.
Open courses in connected disciplines teach the methods this discipline will build on.