This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

Risk and Uncertainty are the order of the day in the Re(insurance) industry. As professionals trained in the understanding, measurement and designing solutions to risk exposures, actuaries help make the uncertain a little less so. With the advent of Solvency II and IFRS 17, the role of the actuary has become ever more relevant and intertwined with those of other members of the organisation; finance, risk management and the governance of the entity. Thus is has become an evident need that the work of actuaries be understood and the implications arising therefrom, communicated clearly.

This course is thus intended to equip a non-actuarial technical audience with an insight into the nature of actuarial work and a grounding into the basic statistical, mathematical and logical concepts underpinning actuarial work: This, together with an understanding of some of the main methodologies and practices used by actuaries in life and non-life business modelling endeavours.

Target Audience:

• Directors, management and finance, risk, compliance personnel of insurance companies
• Aspiring actuaries and interested individuals

Learning Outcomes:

By the end of this course, the attendee should be able to:

• Understand the role of an actuary
• Gain an understanding into analytical techniques
• Appreciate the difference between life and non-life actuarial techniques and methods
• Obtain an understanding into basic life actuarial techniques
• Obtain an understanding into basic non-life actuarial techniques
• Be able to understand and manipulate a simple non-life actuarial model on a spreadsheet

Prerequisites:

An understanding of basic quantitative analysis (trends, ratios etc.) and insight into the insurance industry will be assumed.

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 3 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Giselle Borg, Partner, Insurance Advisory Services, KPMG Malta

Giselle is currently a Director with the Risk Consulting Insurance Advisory Services team of KPMG in Malta. She assists insurance clients from establishing an insurance set-up in Malta to ongoing regulatory and compliance matters, including Solvency II services. She has experience in the insurance market through her previous role as a director in KPMG Malta’s audit department and her recent involvement in the industry as the Group Financial Controller of an expert in insurance finality and run-off. Giselle has delivered technical training on a number of subjects including audit and international financial reporting standards to clients as well as regulatory bodies. Giselle presents at several conferences on issues relating to financial services and is also involved in articles for various publications.

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Terms and conditions.