First actuaries certified in Yerevan

PanARMENIAN.Net - On July 29, Yerevan hosted official certification ceremony for Actuarial Training Program graduates.

8 young specialists were awarded with qualification certificates, 15 were given certificates for completion of the 1st stage of training program. The program graduates have formed an association aiming at the development of actuarial institution in Armenia.

The Actuarial Training Program provides the participants with the skills and knowledge to permit them to become internationally certified actuaries. At the end of their study the participants will demonstrate both practical and theoretical knowledge in financial mathematics, general insurance mathematics, actuarial management of life insurance, principles and practice of life insurance and other business related subjects and become professional specialists in actuarial science. The main objective of the project is to develop a cadre of internationally certified actuaries for the insurance and pension sectors as well as build human and institutional capacity of the insurance companies to tackle news risks in ever-more creative ways.

Upon successful completion of eight Basic and 12 Advanced Modules, the participants will be certified by the Central Bank of Armenia as Responsible Actuaries for insurance companies.

The Actuarial Training Program is organised by the initiative of the Central Bank of Armenia, with the assistance of USAID.