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Start Date: 14 Apr, 2025

End Date: 17 Apr, 2025

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$3,000

Event Details

  • A more comprehensive understanding of the skill-set of an Actuary.
  • Identification of the insurance issues where Actuaries can help.
  • Improved communications with actuaries.
  • Understanding of key actuarial techniques.
  • A fundamental knowledge of Risk-based Capital and Solvency II.
  • A better-informed understanding of the financial dynamics of insurance.

 

COURSE OUTLINE

The nature of insurance and why actuaries are needed:

  • What makes insurance different?
  • How do actuaries differ from other insurance professionals?
  • The historic development of the actuary’s role in Property / Casualty insurance
  • A model of the “Actuarial Cycle”


The Actuary’s role in Capital Modelling and Business Planning:

  • Recent changes in insurance regulation – Risk-based Capital and Solvency II de-mystified
  • Risk, Reward and Capital – the effect on Underwriting targets
  • Building a Business Plan from first principles

 

The Actuary’s role in Pricing Support and Claims Reserving:

  • The Actuary’s role in support of the Underwriter
  • Exposure-based and Experience-based pricing models and benchmarks
  • Actuarial Reserving for Incurred-but-not-Reported (IBNR) Claims, and for IBNER (not-Enough-Reported)

 

The Actuary in the context of the business:

  • The Actuary’s role in support of general management
  • Actuarial two-way interactions with other business functions
  • The Actuary’s external responsibilities
  • The Actuary as part of a bigger team

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

This course is available in the following locations:

Nigeria - $3000
Ghana - $6000
Rwanda - $7000
UK - $8000
USA - $8000

Venue

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

Other Dates

Start Date End Date
01 Sep, 2025 05 Sep, 2025
Start Date End Date
14 Apr, 2025 17 Apr, 2025