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Defended Master's Theses in Actuarial and Financial Engineering


  1. Ismayil Aghahasanli. Detecting money laundering in transaction monitoring using hidden Markov model. Supervisor K. Lumiste. Reviewer M. Möls.
  2. Hans Erik Atonen. Ameerika optsioonide hindamine Monte Carlo meetodiga. Supervisor T. Raus. Reviewer T. Kollo.
  3. Hardo  NiitKaskokindlustuse kahjude modelleerimine. Supervisor T. Kollo. Reviewer M. Käärik.
  4. Robert PikmetsForecasting intraday electricity prices on the Nord Pool using LASSO. Supervisor R. Kangro. Reviewer K. Kuljus.
  5. Anna-Helena SalurandValidation and development of risk metrics for the currency portfolio of a global FinTech company. Supervisors R. Kangro, E. Kraev. Reviewer K. Pärna.
  6. Priyush Protim SharmaTree-based methods in supervised learning with Estonian Health Insurance Fund data. Supervisors J. Lember, M. Gimbutas. Reviewer A. Kolde.
  7. Kristjan SinikasKindlustuslepingute hinnastamine Bayesi meetodi abil. Supervisor M. Möls. Reviewer A. Kolde.
  8. Meelis UttParalleelarvutused optsiooni hinna leidmise numbrilistes meetodites. Supervisors T. Raus, E. Vainikko. Reviewer R. Kangro.


  1. Juan Manuel Alvarado Salcedo. Absolute Risk Estimation for Time to Event Data. Supervisor K. Fischer. Reviewer T. Kollo.
  2. Karen Danielyan. Swaption Pricing with SABR Model. Supervisor R. Kangro. Reviewer T. Raus.
  3. Gegham Fahradyan. Statistical Testing of Claims Related To High-Frequency Stock Market Data. Supervisor R. Kangro. Reviewer K. Pärna.
  4. Nshan Potikyan. Clustering Financial Time Series. Supervisor R. Kangro. Reviewer M. Möls.
  5. Linnet Puskar. Estimation of MTPL Claim Frequency Using GLM, GAM and XGBoost Techniques. Supervisor M. Käärik. Reviewer T. Kollo.
  6. Argo Rihkrand. Algoritmkauplemine elektriturul (closed until 01.06.2025). Supervisor T. Raus. Reviewer R. Kangro.
  7. Omar SetiheOptimal Control Theory and Portfolio Optimization. Supervisors J. Lellep, M. Kantšukov. Reviewer T. Kraav.
  8. Kirill Smirnov. Approximation of Ruin Probability using Phase-Type Distributions. Supervisor K. Pärna. Reviewer M. J. Ali.
  9. Farhad Tahirov.  Application of Poisson and Dixon-Coles Models on Football Match Outcome Prediction and Research of a Positive Return Over Investment in Betting Market. Supervisor J. Lember. Reviewer M. Käärik.
  10. Lasma Ungere. Estimation of the Volatility Parameter in Value at Risk (VaR) Model. Supervisor K. Pärna. Reviewer M. Käärik.

Previous theses

Theses from 2013-2015

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Master degree graduation ceremony 2022


Bachelor degree graduation ceremony 2022