The Institute is part of the Université catholique de Louvain (UCL), one of the oldest in Europe, founded in 1425. The actuarial presence at UCL goes back to 1939, when for the first time in Belgium an Institute was created with the responsibility of actuarial teaching and research. Together with its Dutch-speaking homologue in KULeuven, it plays nowadays a leading role in actuarial training and research in Belgium.

The Institute has received an interdepartmental status since 2002. It is run jointly by the Institut d’Administration et de Gestion (IAG), the UCL business school, and the Institute of Statistics (STAT), combining so an unique expertise as well in deep mathematical background as in business aspects. It offers actuarial studies at master level. The two-year programme is recognized by the Belgian Actuarial Society (KVBA-ARAB), as well as by the Belgian regulatory authorities to be certified Appointed Actuary.

Located near the heart of EU, in one of the most respectable European university and working regularly with major actuarial departments of other European and North American universities (KULeuven, Lyon, Strasbourg, Barcelona, Amsterdam, London, Laval, etc.) the Institute develops highly respected degree courses, innovative research projects and offers numerous services to the actuarial community (CPD, colloquia, seminars, consulting, etc.).