Investing within the profession of the actuary expert is a strategic necessity
The Egyptian Insurance Companies Union acknowledged that investing within the profession of the actuary expert is a strategic necessity to compose the targets of industrial and social pattern, in gentle of a rising and multi -chance financial system akin to Egypt.
The Federation explained, within the weekly e-newsletter, that the actuarian expert represents the thinker and the guarantor of the balance and sustainability of the insurance substitute, as it’s now no longer appropriate a numbers analyst, however a actually vital financial engineer that ensures the success of the sphere by map of assessing advanced dangers, putting in insurance merchandise, figuring out ravishing costs, and efficient contribution to selling rational governance and financial balance of companies.
The Egyptian Insurance Companies Union acknowledged that the challenges going by map of this profession, akin to the inability of cadres and the carrying out of discovering out, require precise attention and concerted efforts to originate certain the continuity of its pattern.
He added that with the rising complexities of financial markets and world dangers, the need for actuarial experts will proceed to be continually rising, which makes the event of this profession an funding in the end, guaranteeing the event of a solid insurance sector able to holding the wealth of americans and institutions, attracting investments, and bettering the balance of the Egyptian financial machine.
On the initiative of the Frequent Authority for Monetary Supervision and the characteristic of the Egyptian Insurance Companies Union in supporting the rehabilitation of the actuarial cadres, the Federation clarified in its e-newsletter that below the auspices of the Monetary Supervision Authority, a cooperation protocol was as soon as signed at the terminate of 2023 between the Egyptian Insurance Companies Union and the American College in Cairo to rehabilitate and assemble capabilities and graduate fresh batches of qualified actuarians to work within the insurance market, by providing the first legitimate diploma specialized in actuarial sciences for graduates, In gentle of the actual fact that the numbers of actuarians in Egypt are now no longer commensurate with the present market size, which contributes to putting in and rising the contribution of the insurance sector to the nationwide financial system.
He pointed out that this step contributes to supporting the balance and pattern of the insurance substitute in Egypt, thanks to its utmost significance in supporting the Egyptian executive’s plans to compose financial and social pattern, and gives the Egyptian Insurance Companies Union and the African Insurance Firm and the Fund for the Protection of the Rights of Documentation Campaign, joint financing for this program.
In step with the protocol, the American College designed and offered specialized ogle programs within the actuarial sciences, in step with the latest world academic and legitimate requirements, and the first quarter of 2025 witnessed a various of students of the first batch, the put 12 students succeeded in passing the first course designated for non -experts within the actuarial sciences, and 3 students had been ready to pass the first examination within the Affiliation of Experts “SOA” at some stage within the path at some stage within the be aware the 2d; No longer too long within the past, registration for the 2d batch of the legitimate diploma specialized in actuarial sciences has been opened, in step with the Federation Bulletin.
The bulletin pointed to the organization of a workshop in cooperation with the Monetary Supervisory Authority and the Faculty of Change at Cairo College, which handled the discipline “Market Consent Versus Model Consisteent Values”, with the aim of bettering data and putting in skill within the discipline of actuarial sciences and its capabilities.
In July 2025, the Egyptian Insurance Companies Federation signed a cooperation protocol with the Faculty of Commerce – Cairo College, with the aim of supporting and qualifying students of the Actura Sciences Program and providing them with the facts and hasty-witted skills that qualifies them for efficient integration within the Egyptian insurance market.
Under this protocol, the Federation gives a rotund scholarship to a most of 40 students from the students of the “Sports actions Scientific” division of the Actura Sciences Program, which contains the payment of academic costs at some stage within the ogle interval “four years”.
The Federation gives hasty-witted practicing alternatives at some stage within the ogle and summer holidays for students who got the scholarship by map of insurance companies working within the Egyptian market with the aim of refining legitimate skills and attaining integration between the theoretical and hasty-witted side of actuarial rehabilitation.
This cooperation represents an instantaneous funding in getting ready and qualifying specialized cadres that meet the rising demand for actuarial experiences, and contributes to elevating the efficiency of the Egyptian market and holding toddle with world developments within the discipline of chance administration, pricing and insurance subscription.
The Federation is moreover taking share as a strategic accomplice within the regional forum of the Affiliation of Actuarial Experts, which is willing to be held from September 28-29, 2025 in Cairo; The forum targets to toughen and toughen the profession of the actuary expert.
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