Postgraduate certificate Actuarial Function

The actuarial function is essential in the insurance field, enabling companies to assess and manage financial risks appropriately. Its importance has increased over the years, reflecting the evolution of the insurance industry and the need to make decisions based on data and statistical analysis. For this reason, more and more business professionals are in need of an update in the diagnosis of everyday situations. On this occasion, TECH has developed a 100% online program, which offers maximum adaptability, allowing students to combine a first class education with other aspects of their personal and professional life, since they will not be subject to rigid schedules.

University certificate

duration

6 weeks

Modality

Online

Schedule

At your own pace

Exams

Online

start date

Credits

6 ECTS

financing up to

3 months

Price(first year)

See price

The world's largest school of business”

Syllabus

With this program, the students will be able to measure and manage the risks that an insurance company faces in its daily operations. In addition, they will be able to support the monitoring of the process and the interaction with the data, ensuring the availability and adequacy of these, as well as the control processes. All this will be done taking into account the current regulations and following the opinion and standards established by international institutions.

With the Relearning method you will learn complex concepts with less effort and more performance"

Syllabus

This Postgraduate certificate in Actuarial Function will cover fundamental aspects such as the governance and risk management system, internal risk assessment, risk solvency (ORSA), and the Actuarial Function in insurance organizations. Likewise, the essential role in the calculation of premiums, the design of optimal insurance products and the adequate management of financial reserves will be highlighted.

Topics such as the revision of European Union insurance standards, annual and quarterly quantitative reporting models, valuation for solvency purposes and capital management will also be addressed. In addition, the risk map and the analysis of expected future risks will be included. Significant risks, including stress tests and scenario analyses, will also be discussed.

Being consistent with this, an academic proposal has been designed, which will be available in a 100% online format. In this way, students will have the opportunity to access a wide variety of multimedia materials, such as specialized readings and interactive summaries. In addition, the Relearning methodology will be implemented, guaranteeing a unique and effective learning experience. In addition, participants will be able to access the content at any time and place, as they will only need an electronic device with an Internet connection.

This Postgraduate certificate takes place over 6 weeks and it consists of 1 module:

Module 1. Solvency II: prudent management of the insurance business

Where, When and How is it Taught?

TECH offers the possibility of developing this Postgraduate Certificate in Actuarial Function completely online. During the 6 weeks of the specialization, the student will be able to access all the contents of this program at any time, which will allow the students to self-manage their study time.

Module 1. Solvency II: Private Management of the Insurance Activity

1.1. Governance and Risk Management System

1.1.1. Fitness and Honorability
1.1.2. Conflict of Interest
1.1.3. Risk Management System

1.2. Internal Risk and Solvency Assessment (ORSA)

1.2.1. ORSA Process
1.2.2. Significant Risks: Stress Testing and Scenario Analysis
1.2.3. Description and Contents of the ORSA Report

1.3. Risk Appetite and Tolerance

1.3.1. Considerations for Determining Risk Appetite
1.3.2. Methodology
1.3.3. Reference Frameworks

1.4. Internal Control and Internal Audit

1.4.1. Internal Control System
1.4.2. Internal Audit Function
1.4.3. Risk Map

1.5. Actuarial Function

1.5.1. Organizational Structure
1.5.2. Lines of Defense
1.5.3. Scope of the Actuarial Function

1.6. Solvency and Financial Condition Report

1.6.1. Governance System
1.6.2. Risk Profile
1.6.3. Valuation for Solvency and Capital Management Purposes

1.7. Periodic Supervisory Report

1.7.1. Scope
1.7.2. Objectives
1.7.3. Risks Foreseen in the Future

1.8. Reporting ModelsQuantitative - Quarterly

1.8.1. Information Required for Monitoring
1.8.2. Taxonomy
1.8.3. Periodicity

1.9. Reporting Models Quantitative - Annual

1.9.1. Information required for monitoring
1.9.2. Taxonomy
1.9.3. Periodicity

1.10. Internal Models. Other Considerations

1.10.1. Internal Models
1.10.2. Captive Companies
1.10.3. Review of EU Insurance Rules

In just 6 weeks you will be able to master the Risk Management System and effectively protect your customers"

Teaching Objectives

The objective of this program is to provide the students with the necessary tools and knowledge in the actuarial field. In this way, they will be able to evaluate and manage the financial risks associated with insurance policies. In such a way that they will be able to design optimal products.

You will develop your skills to be a reliable and ethical professional in the insurance sector, thanks to this Postgraduate certificate that only TECH will offer you”

TECH makes the goals of their students their own goals too
Working together to achieve them

The Postgraduate certificate in Actuarial Functionqualifies students to:

Develop specialized knowledge on the implementation and operation of foreign countries' insurers in other countries: (i) within the European Union (II) as well as from countries outside the European Union.
Develop the peculiarities of the insurance contract
Examine the international regulatory framework of the insurance market and its recent evolution
Delimit the framework for compliance with the insurance activity
Analyze the evolution of insurance
Reflecting on the insurance implications of non-sectoral regulations
Assess the impact of information security on the insurance legislative framework
Determine the interplay between consumer and insurance regulations and its consequences
Develop specialized knowledge about insurance and the key concepts that define the insurance activity
Determine the importance of Risk as an essential element for the insurance activity
Examine the general functioning of the insurance activity and the regulations governing its activity
Establish the relevance of the management of risks faced by insurance companies as a key element in the management of insurance companies
Identify the most immediate challenges facing risk management
Analyze the global insurance market with a focus on the distribution business
Determine what is considered insurance distribution at both the European and international level
Identify the main players involved in the distribution business
Examining the importance of consumer protection measures
Develop the key aspects of the regulatory compliance function
Identify international standards in regulatory compliance
Specify the interrelationships between the compliance function and the rest of the organization

Postgraduate Certificate in Actuarial Function

Did you know that in TECH Global University you can take a Postgraduate Certificate specialized in Actuarial Function? Which you will specialize in the field of finance and insurance. In this cutting-edge academic program, you will learn the knowledge and skills necessary to perform as an actuary, a professional specialized in the analysis and management of financial risks. During the Postgraduate Certificate in Actuarial Function program, you will acquire in-depth knowledge of actuarial principles and techniques, including risk assessment and quantification, data analysis and financial modeling. You will learn to use specialized tools and software to perform actuarial calculations, financial projections and asset and liability valuations. And that's not all! This academic program combines theoretical classes, practical exercises and real-world case studies so you can develop technical and analytical skills in the actuarial function. You will work with experienced professionals in the field, who will guide you in understanding the theoretical concepts and support you in practical guidance to apply them in real situations.

Complete all the challenges of the financial world!

At the end of the Postgraduate Certificate in Actuarial Function, you will be prepared to face the challenges of the financial and insurance world from an actuarial perspective. able to analyze and evaluate financial risks, propose mitigation strategies and make decisions based on data and quantitative analysis. In addition, you will be updated with the latest trends and will be adjusted in the field of actuarial function. Do not miss the opportunity to specialize in the actuarial function and stand out in the field of finance and insurance. Expand your professional knowledge and skills with a program that will provide you with a solid foundation in this fundamental discipline. Enroll today and begin your journey to excellence in the actuarial function!