Actuarial science evaluates financial risks in the fields of insurance and investment of insurance funds using mathematical and statistical methods. This program provides participants with the necessary knowledge and skills that determine the value of insurance premiums during insurance periods, and future visions of the variables that may occur on the factors affecting the realization of the insured risk, and an estimate or determining administrative expenses and what is related to inflation and growth rates. It also addresses how to calculate the technical provisions for insurance companies and anticipate the funds needed to pay claims.
At the end of the training program, the participant should be able to:
1 Actuarial studies concepts
2 Actuarial studies fields
3 Actuary competencies
4 Actuarial data tables
5 Quality and detail of the data provided to the actuary
1 The concept of technical reserve
2 The importance of technical reserve
3 Types of technical reserve
4 The role of regulatory authorities in defining technical reserve
1 Methods for calculating the applicable risk reserve
2 Methods for calculating the reserve for unearned premiums
3 Methods for calculating the reserve for unearned premiums in cases of irregular risks during the insurance policy period
4 Methods of calculating the reserve for deficit in premiums
5 Methods for calculating the reserve for outstanding claims
6 Methods of calculating the reserve for incurred but not reported claims IBNR
7 Methods for calculating the mathematical reserve for life insurance business
8 Case studies
1 Analysis of the insurance portfolio of insurance companies
2 Actuarial reports
3 The appointed actuary’s responsibilities in respect of the data
4 The appointed actuary’s role in respect of pricing and pricing adequacy
5 The appointed actuary’s role in assessing solvency and capital
6 The appointed actuary’s role in performing experience studies
1 The role of the actuary in the pricing policy and the changes that occur thereto
2 The role of the actuary in the accounting policy in recording premiums and claims costs and the changes that occur thereto
3 The role of the actuary in the reinsurance policy
4 The role of the actuary in determining the methods for calculating technical risks
5 The reinsurer's share of the technical reserves
6 The role of actuary in product development
7 Applications and practical cases from the reality of the trainees' work
Not Available
Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
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