Announcement on Actuarial Development Program

27-09-2022

The Central Bank of the Republic of Azerbaijan announces the admission to the Actuarial Development Program organized at the international level in order to develop the insurance market and strengthen its financial stability, as well as to increase the number of actuaries who meet the requirements of modern knowledge and skills, which is very important in this field.

Individuals under the age of 35 who graduated from universities with bachelor's and master's degrees in Actuarial, Insurance, Economics, Finance, Mathematics, Statistics, Econometrics can apply for participation in the program.

The 4-part program, consisting of theoretical and practical parts, will last 13 months. At the end of each stage, participants are expected to pass the exam and, if successful, move on to the next stage. Candidates who successfully pass the stages will be offered internships in insurance companies. Candidates who successfully complete the program have high chances of employment in insurance companies.

The classes will be held online and in traditional form by the Turkish Insurance Institute (TSEV) and local specialist/experts.

The course program:

• Mathematics
• Economics
• Fundamentals of Insurance
• Financial Mathematics
• Accounting and Financial Reports
• Insurance Mathematics
• Life and Non-life Insurance
• Risk Analysis and Actuarial Modelling
• Financial Theory and Applications
• Finance, Investment and Risk Management
• Non-life Insurance
• Life Insurance
• Medical insurance

Those wishing to participate in the program can send their CVs to the e-mail address Maliyya_savadliligi@cbar.az by 31 October 2022. Please write Actuarial Development Program in the Subject (Subject) section of the e-mail. For more information, please call 012 598 3550.

Last date for submission of application: 31 October 2022.

The program is free.