First actuaries certified in YerevanJuly 29, 2010 - 19:23 AMT PanARMENIAN.Net - On July 29, Yerevan hosted official certification ceremony for Actuarial Training Program graduates. 8 young specialists were awarded with qualification certificates, 15 were given certificates for completion of the 1st stage of training program. The program graduates have formed an association aiming at the development of actuarial institution in Armenia. The Actuarial Training Program provides the participants with the skills and knowledge to permit them to become internationally certified actuaries. At the end of their study the participants will demonstrate both practical and theoretical knowledge in financial mathematics, general insurance mathematics, actuarial management of life insurance, principles and practice of life insurance and other business related subjects and become professional specialists in actuarial science. The main objective of the project is to develop a cadre of internationally certified actuaries for the insurance and pension sectors as well as build human and institutional capacity of the insurance companies to tackle news risks in ever-more creative ways. Upon successful completion of eight Basic and 12 Advanced Modules, the participants will be certified by the Central Bank of Armenia as Responsible Actuaries for insurance companies. The Actuarial Training Program is organised by the initiative of the Central Bank of Armenia, with the assistance of USAID. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. EU calls on Azerbaijan to release all political prisoners The European Union calls on Azerbaijan to release all those imprisoned for exercising their fundamental rights. Armenia-Azerbaijan: Turkey wants deal after “positive developments” Turkey hopes “positive developments” in negotiations between Armenia and Azerbaijan will lead to an agreement. Police try to impede Armenian Church head’s access to war memorial Police tried to stop the supreme head of the Armenian Apostolic Church, Catholicos Karekin II, from visiting a war memorial. |