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The actuarial role in calculating technical provisions
21/5/2018 12:00 am [rtl]Baghdad / Al-Sabah A specialist in insurance in Iraq said that the insurance curriculum did not expand to include the study of risk management or actuarial mathematics. Actuarial science or risk assessment is the subject that uses computational and statistical methods to estimate the magnitude of risks in the insurance and financial industries; actuaries are qualified persons in terms of education and experience; actuarial sciences include a number of related topics, including probabilities, arithmetic, statistics and finance Economics and computer programming. Life and death schedules used by life insurance companies may be the most popular applications of this science. Actuarial Science "Risk Management and Actuarial Science can enter a new approach to academic and practical dealings with general insurance, life insurance and reinsurance," said Mesbah Kamal, adding that the issue of risk management had infiltrated Iraqi universities in the 1980s but remained captive to narrow understanding within the framework Insurance, "noting that" actuarial science is also not extended to include life insurance mathematicians, and the various reserves held by insurance companies. " For his part, said the specialist in insurance Saadoun problem, "Insurance in Iraq need to develop its work through the discussion and discussion of private legislation in this area, as it needs to be reviewed, in addition to find competent competencies of the new generation." He noted the problem in an interview with the "morning" that " the introduction of the owners of specialization in actuarial science to calculate the risk of graduates of mathematics studies would activate the work of insurance in Iraq , especially that this specialization is one of the rare disciplines of applied science" to that concluded a training program organized events Jordan Insurance Federation, in the Jordanian capital Amman, with the participation of insurance companies . The program was held under the title "Actuary role in calculating the technical allocations of insurance companies", with the participation of the Jordanian insurance market and the largest auditing offices in the Kingdom. training program The participants of the training program covered the actuarial sciences over a period of 3 days with 18 training hours, so that after the end of the program, participants can know the types of technical allocations held by the insurance companies and their importance, and learn about the actuarial role in calculating the technical provisions. In addition to the allocation of unclaimed claims and the provision for life insurance business). During the program, practical examples were presented about the calculation of technical allocations for vehicles and health insurance, in addition to the role of regulators in defining technical allocations and determining methods of calculation (with practical applications and examples from the Jordanian market and a number of Arab markets [/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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