Facilitated Courses

Takaful Under IFRS 17 - Facilitated Course

This course will discuss various special issues for Takaful under IFRS17. This course builds on the material of the prior course on IFRS17. The course syllabus includes:

a.      Chapter 1: Basic Concepts of Takaful

b.      Chapter 2: Understanding the Technical Differences

c.      Chapter 3: Accounting for Takaful Under IFRS 4

d.      Chapter 4: Accounting for Takaful Under IFRS 17

e.      Chapter 5: Practical Considerations in Implementing IFRS 17 for Takaful

Facilitated Courses

Core Life Actuarial Practice 4: Aspects of Life Actuarial Management - Facilitated

This course will dive into the technical concepts of life actuarial management. Among the topics that will be covered are Solvency and Capital Management, Surplus Distribution, Investment Management for Actuaries, Risk Management and FCR. The course syllabus includes:

a.      Chapter 1: Solvency and Capital Management

b.      Chapter 2: Surplus Distribution

c.      Chapter 3: Investment Management for Actuaries

d.      Chapter 4: Risk Management

e.      Chapter 5: Financial Conditions Reporting (FCR)

Facilitated Courses

Fundamentals of Calculations under IFRS 17 - Facilitated Course

This course provides insights into IFRS17. This course will be detailed in nature and provide examples for basic concepts such as CSM, measurement approaches, grouping of contracts, transition issues and initial technical decisions. The course syllabus includes:

a.      Chapter 1: Basic Concepts of IFRS 17

b.      Chapter 2: Further Issues in IFRS 17

c.      Chapter 3: Calculations Under IFRS 17

d.      Chapter 4: Comparing IFRS 17 to Statutory Regulations

Facilitated Courses

Core Life Actuarial Practice 3: Technical Foundation of Life Actuarial Work - Facilitated Course

This course will dive into foundational technical concepts of life actuarial work, starting with an overview of reserving processes and practices including net premium valuation (NPV), followed by concepts related to Gross Premium Valuation (GPV). The course syllabus includes:

a.      Chapter 1: Overview of Reserving Practices

b.      Chapter 2: Gross Premium Valuation Reserve Calculation

c.      Chapter 3: Special Reserves and Complications in GPV Reserving

d.      Chapter 4: Profit Testing and Projections

Facilitated Courses

Advanced Fundamental Aspects of Takaful Insurance and Hands-On Applications (FATIHA) - Facilitated Course

FATIHA introduces the basics of Takaful operations and provides an exposure to pricing and development methods, business management, and current issues. This course is specifically for people who don't specialise or come from an insurance background. The course syllabus includes:

a.      Chapter 1: Surplus Distribution and Qard in Takaful

b.      Chapter 2: Regulations and Risk Management in Takaful

c.      Chapter 3: Current Issues in Takaful

Facilitated Courses

Fundamental Aspects of Takaful Insurance and Hands-On Applications (FATIHA) - Facilitated Course

FATIHA introduces the basics of Takaful operations and provides an exposure to pricing and development methods, business management, and current issues. This course is specifically for people who don't specialise or come from an insurance background. The course syllabus includes:

a.      Chapter 1: Basics of Takaful

b.      Chapter 2: Takaful Models

c.      Chapter 3: Setting Up Takaful Operations

d.      Chapter 4: Takaful Pricing and Product Development

Facilitated Courses

KBZMS Short Term Reserving Training

Develop a thorough understanding on reserving of short term life and general insurance liabilities.

Facilitated Courses

Core Life Actuarial Practice 2: Product Development - Facilitated Course

This course will review a number of aspects broadly relating to product design and development, along with correlated technical issues the actuary may need to understand as a part of product design and development. The course syllabus includes:

a.      Chapter 1: Product Development

b.      Chapter 2: Product Pricing

c.      Chapter 3: Market Segmentation

d.      Chapter 4: Distribution Channels

Facilitated Courses

Short Term Reserving - Facilitated Course

Develop a thorough understanding on reserving of short term life and general insurance liabilities. The course syllabus includes:

a.      Chapter 1: Claim Liabilities

b.      Chapter 2: Premium Liabilities

c.      Chapter 3: Back-Testing

Facilitated Courses

Core Life Actuarial Practice 1: Data and Experience Analysis - Facilitated Course

A comprehensive course to build up your actuarial expertise. Develop an in-depth understanding in the foundations of the work performed by an actuary such as the various types of data checks, experience analysis work, and actuarial control cycle. The course syllabus includes:

a.      Chapter 1: Introduction and Data Collection

b.      Chapter 2 – 4: Experience Analysis which covers Investment Return, Expense, Mortality, Loss Ratio and Lapse Study