Course Overview:
This 10-day training course, offered by IRES Company, is tailored to provide a comprehensive understanding of actuarial modeling and regulatory software. Participants will be trained in the use of advanced software tools such as Milliman's MG-ALFA, Moody’s Analytics, or ProVal to develop actuarial models, conduct risk assessments, and ensure regulatory compliance. The course blends theoretical knowledge with hands-on practice, including real-life projects and case studies, to equip attendees with the skills needed to efficiently manage actuarial data and adhere to industry regulations.
Course Duration:
10 Days
Target Audience:
- Actuaries
- Risk managers
- Compliance officers
- Financial analysts
- IT professionals involved in actuarial and regulatory software
Personal Impact:
- Enhanced expertise in actuarial modeling techniques and regulatory software.
- Improved ability to develop accurate and effective actuarial models.
- Increased proficiency in using software for regulatory compliance and risk management.
- Practical experience applicable to real-world actuarial and compliance tasks.
Organizational Impact:
- More accurate actuarial modeling and risk assessment processes.
- Enhanced compliance with regulatory requirements.
- Streamlined use of software tools for actuarial and compliance functions.
- Improved decision-making and risk management capabilities.
Course Outline
Course Objectives:
- To provide a comprehensive understanding of actuarial modeling and regulatory software.
- To enhance participants' skills in developing and analyzing actuarial models.
- To improve knowledge of regulatory requirements and compliance processes.
- To apply software tools to real-world actuarial and regulatory scenarios.
Course Modules
Course Outline:
Module 1: Introduction to Actuarial Modeling Software
- Overview of actuarial modeling software functionalities
- Key features for building and analyzing actuarial models
- User interface and navigation
- Case Study: Developing a basic actuarial model for insurance products
Module 2: Advanced Actuarial Modeling Techniques
- Complex actuarial modeling methods
- Handling large datasets and complex calculations
- Scenario analysis and stress testing
- Real-Life Project: Creating a detailed actuarial model for a pension scheme
Module 3: Regulatory Requirements and Compliance
- Overview of regulatory requirements for actuarial practices
- Using software tools to ensure compliance
- Generating regulatory compliance reports
- Case Study: Preparing a compliance report for a regulatory review
Module 4: Data Management and Integration
- Importing and managing actuarial data
- Data integration with other financial systems
- Ensuring data accuracy and integrity
- Real-Life Project: Integrating actuarial data with financial reporting systems
Module 5: Risk Assessment and Management
- Utilizing software tools for risk assessment
- Analyzing risk factors and impact on actuarial models
- Developing risk management strategies
- Case Study: Conducting a risk assessment for a new actuarial model
Module 6: Reporting and Documentation
- Generating standard and custom reports
- Documenting actuarial models and compliance processes
- Communicating findings to stakeholders
- Real-Life Project: Creating a comprehensive report on actuarial model results
Module 7: Software Customization and Advanced Features
- Customizing software tools for specific actuarial needs
- Exploring advanced features and functionalities
- Troubleshooting common issues
- Case Study: Customizing software for a unique actuarial project
Module 8: Scenario Modeling and Forecasting
- Building scenario models to project future outcomes
- Analyzing different forecasting methods
- Applying scenario modeling to decision-making
- Real-Life Project: Developing and analyzing scenario forecasts for a pension fund
Module 9: Compliance and Audit Trails
- Ensuring software compliance with industry standards
- Maintaining audit trails and tracking changes
- Preparing for software audits and reviews
- Case Study: Conducting an audit of actuarial models and compliance records
Module 10: Future Trends and Innovations
- Emerging trends in actuarial modeling and regulatory software
- Integrating new technologies and methodologies
- Preparing for future changes in regulatory requirements
- Real-Life Project: Evaluating and implementing innovative features in actuarial software
Related Courses
Course Administration Details
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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