An insight into Actuarial Techniques for Non-Actuaries

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 Borg

Giselle is an experienced professional with a strong background in governance, risk, and compliance, across a range of industries. Throughout her career, she has led audit and assurance engagements for major market players, working both in Malta and with KPMG London’s audit department. Today, Giselle advises entities on corporate governance, regulatory reporting, risk management, internal audit, and actuarial matters. She supports organisations in navigating evolving expectations and aligning their structures and operations accordingly. Giselle also assists clients in establishing regulated entities in Malta, guiding them through licensing processes and cross-border considerations, including freedom of services, establishment, and general good requirements across European jurisdictions.