UAE – Insurance Authority approves 5 actuarial organizations
Thursday, 07 28 2016, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority endorsed five actuarial organizations in order to license qualified actuaries working for insurance companies.
The organizations included and the Institute and Faculty of Actuaries in the United Kingdom, the Canadian Institute of Actuaries, the French Institute of Actuaries, and US Actuarial Associations specialized in non-life insurance.
Moreover, directors and experts of the insurance sector called for the increase of the number of approved actuaries in order to improve pricing policies, set prices accurately and decrease the pressure on the sector resulting from the differences in prices.
Source: Al Roeya - UAE