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

The Egyptian Insurance Corporations Union mentioned that investing in the profession of the actuary educated is a strategic necessity to cease the targets of financial and social construction, in gentle of a rising and multi -probability economy equivalent to Egypt.

The Federation explained, in the weekly e-newsletter, that the actuarian educated represents the thinker and the guarantor of the steadiness and sustainability of the insurance industry, as it’s no longer appropriate a numbers analyst, nonetheless a a must-hang financial engineer that guarantees the success of the field thru assessing advanced dangers, constructing insurance products, figuring out handsome costs, and efficient contribution to selling rational governance and financial steadiness of companies.

The Egyptian Insurance Corporations Union stated that the challenges facing this profession, such because the shortcoming of cadres and the enlighten of affairs of discovering out, require continuous consideration and concerted efforts to make certain the continuity of its construction.

He added that with the increasing complexities of financial markets and worldwide dangers, the necessity for actuarial experts will continue to be continuously increasing, which makes the enchancment of this profession an investment in due course, ensuring the enchancment of a solid insurance sector succesful of shielding the wealth of contributors and institutions, attracting investments, and bettering the steadiness of the Egyptian financial machine.

On the initiative of the Overall Authority for Financial Supervision and the role of the Egyptian Insurance Corporations Union in supporting the rehabilitation of the actuarial cadres, the Federation clarified in its publication that below the auspices of the Financial Supervision Authority, a cooperation protocol used to be signed at the terminate of 2023 between the Egyptian Insurance Corporations Union and the American University in Cairo to rehabilitate and manufacture capabilities and graduate fresh batches of licensed actuarians to work in the insurance market, by offering the vital respectable diploma specialised in actuarial sciences for graduates, In gentle of the truth that the numbers of actuarians in Egypt are no longer commensurate with the recent market size, which contributes to constructing and lengthening the contribution of the insurance sector to the national economy.

He identified that this step contributes to supporting the steadiness and construction of the insurance industry in Egypt, attributable to its utmost importance in supporting the Egyptian govt’s plans to cease financial and social construction, and affords the Egyptian Insurance Corporations Union and the African Insurance Company and the Fund for the Protection of the Rights of Documentation Marketing campaign, joint financing for this program.

In accordance with the protocol, the American University designed and presented specialised seek for programs in the actuarial sciences, in maintaining with essentially the most modern worldwide tutorial and respectable standards, and the vital quarter of 2025 witnessed a great deal of students of the vital batch, where 12 students succeeded in passing the vital course designated for non -experts in the actuarial sciences, and 3 students had been in a location to pass the vital exam in the Association of Experts “SOA” all over the course all over the monitor the 2d; Now not too long in the past, registration for the 2d batch of the respectable diploma specialised in actuarial sciences has been opened, in maintaining with the Federation Bulletin.

The bulletin pointed to the group of a workshop in cooperation with the Financial Supervisory Authority and the College of Commerce at Cairo University, which handled the subject “Market Consent Versus Mannequin Consisteent Values”, with the aim of bettering files and constructing capability in the self-discipline of actuarial sciences and its applications.

In July 2025, the Egyptian Insurance Corporations Federation signed a cooperation protocol with the College of Commerce – Cairo University, with the aim of supporting and qualifying students of the Actura Sciences Program and offering them with the tips and functional expertise that qualifies them for efficient integration in the Egyptian insurance market.

Beneath this protocol, the Federation affords a fleshy scholarship to a most of 40 students from the students of the “Sports Scientific” division of the Actura Sciences Program, which contains the cost of tutorial expenses all over the hunt for duration “four years”.

The Federation affords functional coaching opportunities all over the hunt for and summer time holidays for varsity youngsters who got the scholarship thru insurance corporations operating in the Egyptian market with the aim of refining respectable talents and attaining integration between the theoretical and functional aspect of actuarial rehabilitation.

This cooperation represents a relate investment in preparing and qualifying specialised cadres that meet the increasing question for actuarial experiences, and contributes to raising the effectivity of the Egyptian market and maintaining tempo with worldwide traits in the self-discipline of probability administration, pricing and insurance subscription.

The Federation is also taking part as a strategic companion in the regional discussion board of the Association of Actuarial Experts, which is in a location to be held from September 28-29, 2025 in Cairo; The discussion board goals to pork up and toughen the profession of the actuary educated.