29 April 2025
The Insurance Authority has
officially announced the launch of the master’s Program in Actuarial Science
and Insurance & Risk Management for insurance professionals in the
Kingdom. In partnership with Bayes Business School in the UK, this initiative
reflects the Authority’s commitment to developing the Kingdom’s insurance
sector by equipping young Saudi talents with globally recognized practices.
Participants enrolled in the
Actuarial Science track receive accreditation from the Institute and Faculty of
Actuaries, recognized by the Society of Actuaries. Meanwhile, those pursuing
the Insurance & Risk Management track are accredited by the Chartered
Insurance Institute (CII) and the Institute of Risk Management (IRM),
recognized by the International Insurance Society.
This program aligns with the
Authority’s broader goals to invest in a new generation of skilled leaders who
will drive innovation and strengthen the sector’s competitiveness, in support
of Vision 2030, and it aims to develop national talent through specialized
academic training, ultimately preparing them to address the sector’s pressing
needs in actuarial science insurance, and risk management.
Launched in collaboration with
the Financial Academy, the program is designed to enhance technical and
leadership skills, ensuring participants are well-equipped to contribute to the
sustainable growth and development of Saudi Arabia’s insurance industry.
As part of its ongoing efforts to
build a robust, forward-looking insurance sector, the Insurance Authority will
continue to introduce specialized programs tailored to meet emerging needs and
support the Kingdom’s future objectives and aspirations.