Investing in the occupation of the actuary educated is a strategic necessity

The Egyptian Insurance Companies Union acknowledged that investing in the occupation of the actuary educated is a strategic necessity to enact the targets of business and social development, in light of a rising and multi -menace economy equivalent to Egypt.

The Federation explained, in the weekly publication, that the actuarian educated represents the thinker and the guarantor of the soundness and sustainability of the insurance protection industry, because it is some distance no longer factual a numbers analyst, but a crucial financial engineer that ensures the success of the field through assessing complicated dangers, environment up insurance protection products, figuring out supreme prices, and effective contribution to promoting rational governance and financial steadiness of corporations.

The Egyptian Insurance Companies Union acknowledged that the challenges facing this occupation, equivalent to the lack of cadres and the finishing up of discovering out, require steady consideration and concerted efforts to originate determined the continuity of its development.

He added that with the growing complexities of financial markets and world dangers, the need for actuarial specialists will proceed to be constantly growing, which makes the come of this occupation an investment in due route, making certain the building of a uncover insurance protection sector succesful of defending the wealth of folks and institutions, attracting investments, and embellishing the soundness of the Egyptian financial blueprint.

On the initiative of the Identical old Authority for Monetary Supervision and the aim of the Egyptian Insurance Companies Union in supporting the rehabilitation of the actuarial cadres, the Federation clarified in its publication that beneath the auspices of the Monetary Supervision Authority, a cooperation protocol used to be signed at the halt of 2023 between the Egyptian Insurance Companies Union and the American University in Cairo to rehabilitate and tag capabilities and graduate new batches of licensed actuarians to work in the insurance protection market, by providing the first legit diploma specialised in actuarial sciences for graduates, In light of the fact that the numbers of actuarians in Egypt should no longer commensurate with the hot market size, which contributes to environment up and growing the contribution of the insurance protection sector to the national economy.

He identified that this step contributes to supporting the soundness and development of the insurance protection industry in Egypt, consequently of its utmost importance in supporting the Egyptian executive’s plans to enact financial and social development, and offers the Egyptian Insurance Companies Union and the African Insurance Firm and the Fund for the Security of the Rights of Documentation Advertising and marketing campaign, joint financing for this program.

Basically primarily primarily based on the protocol, the American University designed and presented specialised detect packages in the actuarial sciences, primarily primarily based mostly on basically the newest worldwide educational and legit standards, and the first quarter of 2025 witnessed a preference of school students of the first batch, where 12 college students succeeded in passing the first course designated for non -specialists in the actuarial sciences, and 3 college students beget been ready to cross the first exam in the Affiliation of Consultants “SOA” within the path within the song the second; No longer too lengthy ago, registration for the second batch of the legit diploma specialised in actuarial sciences has been opened, according to the Federation Bulletin.

The bulletin pointed to the group of a workshop in cooperation with the Monetary Supervisory Authority and the College of Substitute at Cairo University, which handled the subject “Market Consent Versus Model Consisteent Values”, with the aim of enhancing files and environment up potential in the sphere of actuarial sciences and its applications.

In July 2025, the Egyptian Insurance Companies Federation signed a cooperation protocol with the College of Commerce – Cairo University, with the aim of supporting and qualifying college students of the Actura Sciences Program and providing them with the solutions and realistic trip that qualifies them for effective integration in the Egyptian insurance protection market.

Below this protocol, the Federation provides a pudgy scholarship to a most of 40 college students from the college students of the “Sports Scientific” division of the Actura Sciences Program, which contains the fee of educational costs through the detect duration “four years”.

The Federation provides realistic coaching alternatives through the detect and summer holidays for school students who bought the scholarship through insurance protection corporations operating in the Egyptian market with the aim of refining legit skills and reaching integration between the theoretical and realistic element of actuarial rehabilitation.

This cooperation represents a straight away investment in preparing and qualifying specialised cadres that meet the growing seek files from for actuarial experiences, and contributes to raising the effectivity of the Egyptian market and keeping hobble with world traits in the sphere of menace administration, pricing and insurance protection subscription.

The Federation is moreover taking fraction as a strategic accomplice in the regional forum of the Affiliation of Actuarial Consultants, which will probably be held from September 28-29, 2025 in Cairo; The forum aims to serve and toughen the occupation of the actuary educated.