Actuaries more in Demand

Azerbaijan should create private pension funds, which will, among other things, increase the need for actuaries, the head of the State Insurance Supervision Service under the Ministry of Finance Namig Khalilov told reporters at the event for the development of this segment of the financial market.

According to him, this segment of the service is in demand, the demand for actuaries is growing and they are needed not only by insurers, but also in the fields of pensions, banking and investment. By the way, yesterday in accordance with the law "On insurance activity" 27 actuaries who have successfully passed a certification exam received their certificates. The complexity of the profession is proved by the fact that only 10% of those who took part in courses at the Azerbaijan Insurers Association (AIA) were certified.

According to the head of AIA Orkhan Bayramov, from May 2015 such courses will be conducted not only for employees of insurance companies, but also for employees of the State Social Protection Fund. --17D-