Investing within the profession of the actuary knowledgeable is a strategic necessity

The Egyptian Insurance coverage Companies Union said that investing within the profession of the actuary knowledgeable is a strategic necessity to full the aims of financial and social trend, in light of a rising and multi -pain financial system much like Egypt.

The Federation explained, within the weekly e-newsletter, that the actuarian knowledgeable represents the thinker and the guarantor of the steadiness and sustainability of the insurance coverage industry, as it is no longer actual a numbers analyst, but a crucial financial engineer that guarantees the success of the field via assessing advanced dangers, developing insurance coverage merchandise, figuring out honest prices, and efficient contribution to promoting rational governance and financial steadiness of companies.

The Egyptian Insurance coverage Companies Union talked about that the challenges facing this profession, much just like the dearth of cadres and the difficulty of learning, require continuous consideration and concerted efforts to be definite the continuity of its trend.

He added that with the rising complexities of financial markets and global dangers, the want for actuarial experts will proceed to be continuously rising, which makes the advance of this profession an funding within the prolonged lag, making sure the constructing of a valid insurance coverage sector succesful of maintaining the wealth of different folks and institutions, attracting investments, and bettering the steadiness of the Egyptian financial draw.

On the initiative of the Traditional Authority for Monetary Supervision and the role of the Egyptian Insurance coverage Companies Union in supporting the rehabilitation of the actuarial cadres, the Federation clarified in its e-newsletter that beneath the auspices of the Monetary Supervision Authority, a cooperation protocol used to be signed at the destroy of 2023 between the Egyptian Insurance coverage Companies Union and the American College in Cairo to rehabilitate and make capabilities and graduate contemporary batches of qualified actuarians to work within the insurance coverage market, by providing the first professional diploma in fact knowledgeable in actuarial sciences for graduates, In light of the fact that the numbers of actuarians in Egypt will no longer be commensurate with the sizzling market dimension, which contributes to developing and rising the contribution of the insurance coverage sector to the nationwide financial system.

He pointed out that this step contributes to supporting the steadiness and trend of the insurance coverage industry in Egypt, because of its utmost significance in supporting the Egyptian authorities’s plans to full financial and social trend, and offers the Egyptian Insurance coverage Companies Union and the African Insurance coverage Firm and the Fund for the Security of the Rights of Documentation Campaign, joint financing for this program.

In accordance with the protocol, the American College designed and offered in fact knowledgeable survey programs within the actuarial sciences, in step with essentially the most modern world tutorial and professional standards, and the first quarter of 2025 witnessed a selection of students of the first batch, where 12 students succeeded in passing the first path designated for non -experts within the actuarial sciences, and 3 students had been ready to hotfoot the first examination within the Association of Experts “SOA” interior the path interior the be aware the 2d; These days, registration for the 2d batch of the professional diploma in fact knowledgeable in actuarial sciences has been opened, in accordance with the Federation Bulletin.

The bulletin pointed to the organization of a workshop in cooperation with the Monetary Supervisory Authority and the College of Commerce at Cairo College, which dealt with the topic “Market Consent Versus Model Consisteent Values”, with the honest of bettering files and developing ability within the self-discipline of actuarial sciences and its capabilities.

In July 2025, the Egyptian Insurance coverage Companies Federation signed a cooperation protocol with the College of Commerce – Cairo College, with the honest of supporting and qualifying students of the Actura Sciences Program and providing them with the certainty and functional abilities that qualifies them for efficient integration within the Egyptian insurance coverage market.

Underneath this protocol, the Federation offers a paunchy scholarship to a maximum of 40 students from the scholars of the “Sports Scientific” division of the Actura Sciences Program, which involves the payment of tutorial expenses all the way via the survey length “four years”.

The Federation offers functional coaching opportunities for the length of the survey and summer season holidays for students who obtained the scholarship via insurance coverage corporations running within the Egyptian market with the honest of refining professional abilities and reaching integration between the theoretical and functional facet of actuarial rehabilitation.

This cooperation represents a straight away funding in preparing and qualifying in fact knowledgeable cadres that meet the rising demand of for actuarial experiences, and contributes to elevating the efficiency of the Egyptian market and maintaining trail with global traits within the self-discipline of pain administration, pricing and insurance coverage subscription.

The Federation is additionally participating as a strategic accomplice within the regional forum of the Association of Actuarial Experts, which will in all probability be held from September 28-29, 2025 in Cairo; The forum targets to enhance and toughen the profession of the actuary knowledgeable.