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Delve into actuarial science and gain the necessary skills to assess financial risks in insurance and investment. This program will equip you with the ability to determine premium values, forecast future risks, and accurately calculate technical provisions
Actuarial science assesses financial risks in areas such as insurance and the investment of insurance funds using mathematical and statistical methods. This program provides participants with the essential knowledge and skills needed to determine the value of insurance premiums over coverage periods and to develop forward-looking insights into potential changes in the factors influencing insured risks. It also covers the estimation and allocation of administrative expenses, as well as considerations related to inflation and growth rates. Additionally, the program addresses how to calculate technical provisions for insurance companies and forecast the funds required to settle claims.
Insurance
+3
Actuarial
Not Exist
Lecture
Case Studies +3
Lecture
Case Studies
Brainstroming
Practical Implementation
Dialogue Teams
Pre Exam
Post Exam
Actuary
Product Development +3
Actuary
Product Development
Risk Management
Reinsurance
Underwriting
This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
In Class Training-Online Training
Actuarial studies concepts
Actuarial studies fields
Actuary competencies
Actuarial data tables
Quality and detail of the data provided to the actuary
In Class Training-Online Training
The concept of technical reserve
The importance of technical reserve
Types of technical reserve
The role of regulatory authorities in defining technical reserve
In Class Training-Online Training
Methods for calculating the applicable risk reserve
Methods for calculating the reserve for unearned premiums
Methods for calculating the reserve for unearned premiums in cases of irregular risks during the insurance policy period
Methods of calculating the reserve for deficit in premiums
Methods for calculating the reserve for outstanding claims
Methods of calculating the reserve for incurred but not reported claims IBNR
Methods for calculating the mathematical reserve for life insurance business
Case studies
In Class Training-Online Training
Analysis of the insurance portfolio of insurance companies
Actuarial reports
The appointed actuary’s responsibilities in respect of the data
The appointed actuary’s role in respect of pricing and pricing adequacy
The appointed actuary’s role in assessing solvency and capital
The appointed actuary’s role in performing experience studies
In Class Training-Online Training
The role of the actuary in the pricing policy and the changes that occur thereto
The role of the actuary in the accounting policy in recording premiums and claims costs and the changes that occur thereto
The role of the actuary in the reinsurance policy
The role of the actuary in determining the methods for calculating technical risks
The reinsurer's share of the technical reserves
The role of actuary in product development
Applications and practical cases from the reality of the trainees' work
Accessing the knowledge of actuarial studies to understand their relationship to the insurance activity.
Recognize the types of technical provisions maintained by insurance companies and the role of the actuary in calculating technical provisions in order to manage risks effectively.
Understand the methods of calculating technical provisions and premium deficiency in addition to the provision for incurred but not reported IBNR and the mathematical reserve for life insurance business to maintain the company's solvency.
Getting to know the requirements of the Saudi Central Bank- SAMA to calculate the technical reserve for vehicle and health insurance to reach a fair and competitive.
Understand basic actuarial methods for pricing all types of insurance policies and manage insurance risk to avoid pricing risk.
