Learning Objectives

Acquire fundamentals of actuarial science and quantitative tools, fields of applications and limitations
Develop practical knowledge of actuarial science through business applications either in Finance or Insurance
Acquire keen analytical and problem solving skills using mathematics and statistics
Develop communication, leadership and teamwork skills, and understand their importance in the actuarial industry
Be able to apply the actuarial science and the technical skills in new combinations in order to solve new problems
Acquire the fundamental notions of Mathematics, Finance, Accounting and Economics needed to prepare students for international professional examinations
Understand how the business issues, as well as their associated decisions & environment (regulations, competition and complexity of interactions, data volumes, customization…) may be formalized as a quantitative problem
Encourage innovative and original research in modeling; and applied mathematics with financial, actuarial, and industrial applications

Executive Degree in Actuarial Science - Africa Business School

Learning Outcomes

To provide adapted pedagogical tools and sound knowledge to actuarial and financial mathematics to be familiar with the material on Society of Actuaries credentialing exams
To understand the role of insurance in society, economic theory, financial modeling, and the basics of how insurance and financial markets operate
To have familiarity with several of the technical tools, computer languages or software packages used by actuaries and financial engineers
To provide the sound tools to develop new financial models to price the new insurance products and to manage their risks
To understand how the evolution of the business environment and regulatory frameworks require increasingly sophisticated tools
To develop communication, leadership and teamwork skills, and understand their importance in the actuarial industry
To enable participants to apply their technical knowledge and skills in an effective, practical and professional manner

Executive Degree in Actuarial Science - Africa Business School

Program Highlights

The core syllabus complies with International Actuarial Association (IAA) standards. It is intended to give a clear overview of the content of the executive program for recognition by the Moroccan Association of Actuaries.

Preliminary Stage Subjects that are not unique to actuarial science but are essential background for study in this area
1. Introductory module: Insurance, reinsurance, Catastrophe Modeling…
2. Probability, Statistics, and Extreme-value theory
3. Actuarial Mathematics and Financial Engineering
4. Computational Tools for Actuaries

Actuarial Foundation Stage Subjects that form the fundamental tools for actuarial science and finance
5. Asset Liability Management
6. Asset Management
7. Enterprise Risk Management
8. Accounting, Corporate Finance, and Financial Markets
9. Data Science for Finance and Insurance

Generalized Application Stage Subjects in which the principles and practices of actuarial techniques are developed in a variety of applications areas
10. Life Insurance
11. Non-life Insurance
12. Pensions and Living Benefits
13. The Microeconomics of Insurance

Specialist Stage Students will need to understand the detailed regulatory, legislative, cultural and administrative framework of the country in which they intend to work
14. Insurance Law and Compliance
15. Actuarial Practices /Professionalism
16. Solvency Regulation

Application Requirements*

Working professionals in quantitative positions in banks and insurance companies, social security and pension funds (financial engineers, quants, Actuaries…)

*Business analysts in industry, services & administration • Young managers aiming to strengthen their knowledge in Modelling and actuarial science

At a Glance

Language: French & English
Training venue: ABS Rabat
Next cohort: January 2023