Probability theory is also the basis for theoretical statistics, the science of making inference from data with elements of randomness. The development of computers has contributed to a substantial widening of the area of applications for mathematical statistics. Today, the mathematical statistics belong to the most important tools of applied mathematics.

Examples of areas where different parts of mathematical statistics are applied to a particularly large extent are insurance mathematics, medical research, tele-communications and mathematical finance. Both in research and education the department collaborates in different ways with the medical industry, institutes of medicine, the banking and insurance industry etc. Depending on specialization, with a degree in mathematical statistics there are excellent opportunities to work in the industries.

## Activities at Stockholm University

An area of research in mathematical statistics that has been particularly active at Stockholm University is **insurance mathematics**. An alternative name for the Division of Mathematical Statistics is The Institute of Insurance Mathematics and Mathematical Statistics. The institute was founded in 1929 with contributions from the insurance industry and has as its goal to do research and educate in the subjects applications in their area. Besides insurance mathematics we these days do research in **biostatistics**, **epidemic modelling** and **mathematical finance**.

## Welcome to study Mathematical Statistics

Mathematical Statistics can be studied as part of a Bachelor's or Master's degree or as separate courses. The subject is also a part of the Bachelor's program in mathematics, mathematics and economy as well as biomathematics. It is the major part of the Master's program in mathematical statistics, biostatistics, mathematical finance and financial economy as well as the actuarial program the Master's program in insurance mathematics.