Investing within the occupation of the actuary educated is a strategic necessity
The Egyptian Insurance protection Corporations Union talked about that investing within the occupation of the actuary educated is a strategic necessity to carry out the targets of enterprise and social trend, in gentle of a increasing and multi -probability financial system equivalent to Egypt.
The Federation outlined, within the weekly newsletter, that the actuarian educated represents the thinker and the guarantor of the soundness and sustainability of the insurance industry, because it is not fully a numbers analyst, but a crucial financial engineer that guarantees the success of the sphere through assessing advanced risks, setting up insurance merchandise, figuring out resplendent prices, and effective contribution to promoting rational governance and financial steadiness of firms.
The Egyptian Insurance protection Corporations Union talked about that the challenges facing this occupation, such because the dearth of cadres and the problem of studying, require continuous consideration and concerted efforts to develop particular the continuity of its trend.
He added that with the increasing complexities of enterprise markets and world risks, the want for actuarial experts will continue to be repeatedly increasing, which makes the attain of this occupation an investment at some point, guaranteeing the construction of a convincing insurance sector in a position to defending the wealth of folks and institutions, attracting investments, and enhancing the soundness of the Egyptian financial system.
On the initiative of the General Authority for Monetary Supervision and the role of the Egyptian Insurance protection Corporations Union in supporting the rehabilitation of the actuarial cadres, the Federation clarified in its publication that below the auspices of the Monetary Supervision Authority, a cooperation protocol modified into signed on the end of 2023 between the Egyptian Insurance protection Corporations Union and the American College in Cairo to rehabilitate and develop capabilities and graduate contemporary batches of qualified actuarians to work within the insurance market, by offering the first educated diploma no doubt educated in actuarial sciences for graduates, In gentle of the truth that the numbers of actuarians in Egypt are now not commensurate with the latest market size, which contributes to setting up and increasing the contribution of the insurance sector to the nationwide financial system.
He pointed out that this step contributes to supporting the soundness and trend of the insurance industry in Egypt, thanks to its utmost importance in supporting the Egyptian authorities’s plans to carry out financial and social trend, and affords the Egyptian Insurance protection Corporations Union and the African Insurance protection Company and the Fund for the Safety of the Rights of Documentation Campaign, joint financing for this program.
In step with the protocol, the American College designed and presented no doubt educated discover programs within the actuarial sciences, in accordance with the latest global academic and educated requirements, and the first quarter of 2025 witnessed various college students of the first batch, where 12 college students succeeded in passing the first path designated for non -experts within the actuarial sciences, and 3 college students were ready to gallop the first exam within the Association of Experts “SOA” inside the skedaddle inside the discover the 2d; Only within the near past, registration for the 2d batch of the educated diploma no doubt educated in actuarial sciences has been opened, in maintaining with the Federation Bulletin.
The bulletin pointed to the organization of a workshop in cooperation with the Monetary Supervisory Authority and the School of Alternate at Cairo College, which dealt with the topic “Market Consent Versus Mannequin Consisteent Values”, with the aim of enhancing recordsdata and setting up ability within the sphere of actuarial sciences and its capabilities.
In July 2025, the Egyptian Insurance protection Corporations Federation signed a cooperation protocol with the School of Commerce – Cairo College, with the aim of supporting and qualifying college students of the Actura Sciences Program and offering them with the tips and purposeful journey that qualifies them for effective integration within the Egyptian insurance market.
Underneath this protocol, the Federation affords a burly scholarship to a maximum of 40 college students from the college students of the “Sports Scientific” division of the Actura Sciences Program, which involves the cost of academic prices at some level of the discover duration “four years”.
The Federation affords purposeful practicing alternatives at some level of the discover and summer holidays for faculty students who obtained the scholarship through insurance firms running within the Egyptian market with the aim of refining educated talents and achieving integration between the theoretical and purposeful facet of actuarial rehabilitation.
This cooperation represents an instantaneous investment in making ready and qualifying no doubt educated cadres that meet the increasing do a query to for actuarial experiences, and contributes to elevating the effectivity of the Egyptian market and maintaining sail with world trends within the sphere of probability management, pricing and insurance subscription.
The Federation will most likely be participating as a strategic partner within the regional dialogue board of the Association of Actuarial Experts, which is able to be held from September 28-29, 2025 in Cairo; The dialogue board goals to red meat up and make stronger the occupation of the actuary educated.
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