Dear students,

First of all, I would like to welcome you to the Department of Statistics and Insurance Science, one of the oldest departments of the University of Piraeus. Our Department treats two basic scientific subjects, Statistics and Insurance Science, which are based on Mathematics and in particular Probability Theory.

Statistics is a science which is applied to any scientific discipline in which quantitative or qualitative data are used and its purpose is to collect them, analyze them and build models for decision making and drawing conclusions. Medicine, Genetics, Economic and Social Sciences, Physics, Chemistry, Modern Technologies and any other discipline where measurements are made and data are observed, are based to a lesser or greater extent on the application of Statistics. The understanding and application of Statistics at the level taught in the undergraduate curriculum of the Department requires familiarization with the concepts and techniques of Calculus, Linear Algebra and Probability Theory. Insurance Science concerns everything related to the subject of Insurance, from Actuarial and Risk principles to practical and financial issues related to insurance. Actuarial and Risk principles and Management at the level taught in our programs are also based on Calculus and Probability Theory.

The undergraduate program of the Department, which is reviewed periodically, is designed to provide students with the basic knowledge of both subjects through theory and practice as well as through the use of appropriate software. Thus, our students acquire the necessary skills to either enter the market or continue to postgraduate studies in a program related to the subjects of the Department. A fact that testifies the high level of knowledge we provide to our students and the reputation of our Department is the large proportion of our graduates who continue their studies in highly reputed Universities, either in Greece or abroad.

Our Department also organizes high-level postgraduate programs related to Statistics and Insurance Science. The “MSc in Applied Statistics” combines theory with practice and statistical programming and has as its main objective to provide its graduates with solid foundations of knowledge and scientific research methods that will enable them to continuously improve and evolve while giving the opportunity to choose between four different directions: biostatistics, statistical methods in finance, Statistical quality control and statistical methods in data science. The “MSc in Actuarial Science and Risk Management” is addressed to those interested in becoming actuaries and risk managers and aims to serve the common interest through the training of senior executives who will be able to identify, analyze, measure and manage insurance and financial risks faced by insurance companies, banks and other related businesses.

I would like to assure you that the teaching and research staff of our Department makes every effort to pass on their knowledge and will help you to understand the basic concepts, methods and techniques that a young scientist who specializes in Statistics or Insurance Science should possess. So we invite you to take advantage of it!