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(3.8/ 5) 5 Reviews
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
(3.8/ 5)
5 Learner Rating
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
Actuarial
Not Exist
Lecture
Case Studies +3
Lecture
Case Studies
Brainstroming
Practical Implementation
Dialogue Teams
Pre Assessment
Post Assessment
Actuary
Product Development
Risk Management
Reinsurance
+1Actuary
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.
Self Learning
Module 1: The Concept of Actuarial Studies and its Relationship to Insurance Activity
Module 2: Technical Reserves
Module 3: The Methods of Calculating Technical Reserves
Module 4: Requirements of the Saudi Central Bank for Calculating the Technical Reserves for Auto/Motor and Health Insurance
Module 5: Actuarial Methods for Pricing all Types of Insurance Policies and Managing Insurance Risk
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.
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