Investing within the occupation of the actuary expert is a strategic necessity
The Egyptian Insurance Companies Union acknowledged that investing within the occupation of the actuary expert is a strategic necessity to manufacture the targets of enterprise and social style, in light of a rising and multi -possibility economy equivalent to Egypt.
The Federation outlined, within the weekly newsletter, that the actuarian expert represents the thinker and the guarantor of the steadiness and sustainability of the insurance industry, as it’s no longer proper a numbers analyst, but a crucial financial engineer that guarantees the success of the sector thru assessing advanced risks, rising insurance products, figuring out shiny costs, and effective contribution to promoting rational governance and financial steadiness of corporations.
The Egyptian Insurance Companies Union stated that the challenges going thru this occupation, equivalent to the shortage of cadres and the relate of learning, require continuous consideration and concerted efforts to be sure that the continuity of its style.
He added that with the increasing complexities of monetary markets and global risks, the necessity for actuarial consultants will continue to be repeatedly increasing, which makes the enchancment of this occupation an investment in due direction, guaranteeing the constructing of a robust insurance sector in a position to shielding the wealth of people and institutions, attracting investments, and bettering the steadiness of the Egyptian financial machine.
On the initiative of the Total Authority for Financial Supervision and the role of the Egyptian Insurance Companies Union in supporting the rehabilitation of the actuarial cadres, the Federation clarified in its newsletter that below the auspices of the Financial Supervision Authority, a cooperation protocol was signed on the tip of 2023 between the Egyptian Insurance Companies Union and the American University in Cairo to rehabilitate and create capabilities and graduate recent batches of qualified actuarians to work within the insurance market, by offering the first decent diploma specialized in actuarial sciences for graduates, In light of the incontrovertible fact that the numbers of actuarians in Egypt usually are no longer commensurate with the modern market measurement, which contributes to rising and increasing the contribution of the insurance sector to the nationwide economy.
He pointed out that this step contributes to supporting the steadiness and style of the insurance industry in Egypt, thanks to its utmost significance in supporting the Egyptian authorities’s plans to manufacture financial and social style, and provides the Egyptian Insurance Companies Union and the African Insurance Company and the Fund for the Safety of the Rights of Documentation Marketing campaign, joint financing for this program.
In conserving with the protocol, the American University designed and equipped specialized see applications within the actuarial sciences, in accordance to basically the most modern global academic and decent requirements, and the first quarter of 2025 witnessed a series of students of the first batch, the put 12 students succeeded in passing the first course designated for non -consultants within the actuarial sciences, and 3 students were in a quandary to traipse the first exam within the Association of Specialists “SOA” within the path within the music the 2nd; Now not too long within the past, registration for the 2nd batch of the decent diploma specialized in actuarial sciences has been opened, in accordance to the Federation Bulletin.
The bulletin pointed to the group of a workshop in cooperation with the Financial Supervisory Authority and the Faculty of Commerce at Cairo University, which dealt with the matter “Market Consent Versus Mannequin Consisteent Values”, with the goal of bettering info and rising capability within the sphere of actuarial sciences and its applications.
In July 2025, the Egyptian Insurance Companies Federation signed a cooperation protocol with the Faculty of Commerce – Cairo University, with the goal of supporting and qualifying students of the Actura Sciences Program and offering them with the knowledge and good ride that qualifies them for effective integration within the Egyptian insurance market.
Below this protocol, the Federation provides a plump scholarship to a maximum of 40 students from the students of the “Sports actions Scientific” division of the Actura Sciences Program, which contains the payment of educational costs for the duration of the see length “four years”.
The Federation provides good coaching alternatives for the duration of the see and summer season holidays for students who received the scholarship thru insurance corporations working within the Egyptian market with the goal of refining decent abilities and reaching integration between the theoretical and good ingredient of actuarial rehabilitation.
This cooperation represents an instantaneous investment in making prepared and qualifying specialized cadres that meet the increasing keep a matter to for actuarial experiences, and contributes to elevating the effectivity of the Egyptian market and conserving tempo with global developments within the sphere of possibility management, pricing and insurance subscription.
The Federation is also taking fragment as a strategic accomplice within the regional forum of the Association of Actuarial Specialists, which would possibly perhaps moreover moreover be held from September 28-29, 2025 in Cairo; The forum objectives to present a steal to and enhance the occupation of the actuary expert.
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