Progress to date

  • Project management group was formed; persons responsible for main Project activities were nominated; plans of activities for the 1-st and 2-nd Project years, budgets and relevant plans of mobility were approved;
  • Members of project management group were trained in management of international projects;
  • 5 coordinating meetings (3 in Ukraine, 1 in Sweden, 1 in Greece) were carried out;
  • European standards in actuarial profession and relevant schemes of training were studied via Internet, special publications and finding mission visits to consortium EU Universities;
  • Contacts with German and Greece Actuarial Societies were established, links with the Swedish Actuarial Society were developed, necessary materials were obtained;
  • Contacts and collaboration with the British Institute of Actuaries and the Faculty of Actuaries were established additionally to Workplan, and methodological materials were obtained;
  • Basic concepts and national approach to qualification requirements and scheme of training/retraining of Ukrainian actuaries taken into account Ukrainian insurance legislation and practice and consistent with EU schemes were elaborated;
  • The pilot training programme and syllabi of 8 training courses were created;
    Core readings for 5 training courses in “Probability Theory and Mathematical Statistics”, “Financial Mathematics”, “Models”, “Contingencies”, “Statistical Methods in General Insurance” and other training materials (guides, collections of problems and tests) were prepared on the base of recommendations of International Actuarial Association, Group Consultative and the British Institute of Actuaries;
  • The Board of Consortium Experts was organized and began its work;
  • All training materials have passed the evaluation by the Board of Consortium members and Scientific Council of Kyiv University and have been recommended for publication;
  • The Project Web-site was created;
  • Newly created didactic materials, programme of training and time-table of courses were presented at the Project Web-site;
  • Auditoriums for actuarial training were allotted by Kyiv University authorities and prepared for training process;
  • PC, multimedia, network equipment were purchased and installed, necessary software, books and periodicals were purchased, the special library of actuarial literature was organized;
  • The Training Centre for actuaries and financial analysts on the base of Kyiv University was organized;
  • Lecturers and trainers of the Training Centre were trained in Actuarial Mathematics for Life and Non-Life Insurance, Risk Theory, Financial Mathematics, distance and e-forms of education on the base of Stockholm, Malardalen, Cologne and Aegean Universities;
  • Intensive advertisement work was carried out;
  • Four groups of trainees were formed;
  • Pilot course programme was implemented, lectures and practical studies were delivered, 38 actuaries-practitioners were retrained;
  • The Examination Centre on the base of the Training Centre for actuaries and financial analysts at Kyiv University was organized with essential assistance of the British Institute of Actuaries, 30 persons took part in the 1-st examination session;
  • Trainees feedback results of examinations were analysed and discussed on the coordinating meetings, meetings of Board of Consortium experts and round tables with representatives of insurance industry, Society of Actuaries of Ukraine and Statefinservice;
  • The full-scale programme of actuaries training was developed and its implementation started;
  • The text-book “Mathematical models in Risk Theory” was written in e-form and prepared for publishing;
  • Improved didactic materials have been presented on the Project Web-site;
    Large dissemination program directed on increasing acquaintance in modern trends in Actuarial Sciences, practice and education, advertisement of Training Centre, dissemination of best Project results was carried out;
  • The International Summer School “Insurance and Finance: Science, Practice and Education” (25 June – 1 July 2006, Foros, Crimea, Ukraine) was carried out, Abstracts and Proceedings of the School were published in special issue of the journal “Theory of Stochastic Processes” v. 12(28), no. 3-4, 2006 and delivered to wide range of UKR libraries, universities and insurance companies;
  • Good links with TACIS Project “Support to Ukrainian Insurance Sector” were established, plan of mutual activities was elaborated;
  • Cooperation with Society of Actuaries of Ukraine and League of Insurance Enterprises was developed;
  • Cooperation with Centre of information-analytical promotion of insurance activity was established;
  • Presentation of the Training Center for Actuaries and Financial Analysts 26.04.2007 was carried out;
  • Workshop “Problems of Actuarial Education in Ukraine” (28.04.-05.05. 2007), Ukraine was organized;
  • Participation in Seminar “Asset Liability Management & Portfolio Management” (2007, June 7th – 9th, Kyiv) organized by Europian Actuarial Academy in co-operation with the Ukrainian Actuarial Association was taken by support of TACIS Project “Support to Ukrainian Insurance Sector”, contacts with international insurance practitioners were established;
  • The International Summer School “Insurance and Finance: Science, Practice and Education” was carried out, Proceedings of the School were published in special issue of the journal “Theory of Stochastic Processes” Vol.14 (30), no.1-2, 2008, and was delivered to wide range of UKR libraries, universities and insurance companies;
  • The core-reading and other training materials for courses “Economics” and “Financial Economics” were prepared;
  • The “Collection of problems in Financial Mathematics” is published;
  • The manual “Statistical Methods with software Statistica” is published;
  • New updated materials from British Actuarial Society are obtained
  • The textbook “Probability, Processes, Statistics” is published;
  • The monograph “Modelling of random processes and fields” is published;
  • The additional software for the Training Center for Actuaries and Financial Analysts were purchased, including mathematical and statistical packages;
  • The Workshop and the Coordinating Meeting in Belgium were organized (2007).
  • The manual “Lectures in Theory of choice and Decision-making” is published;
  • The Workshop and the Coordinating Meeting in Germany was organized (2008).
  • The Workshop in Sweden was organized (2008).
  • The International Summer School “Insurance and Finance: Science, Practice and Education” and the Coordinating Meeting were carried out, Proceedings of the School will be published in special issue of the journal “Theory of Stochastic Processes” and will be delivered to wide range of UKR libraries, universities and insurance companies.
  • The textbook “Regression: The Linear Models” is prepared in e-form and published.
  • The textbook “Insurance Models and Risk Theory” is prepared in e-form and published.
  • The monograph “phi-sub-Gaussian process” is prepared in e-form and published.
  • The textbook “Insurance Models and Risk Theory” is prepared in e-form and published.
  • The additinal edition of the “Collection of problems in Financial Mathematics” is published.
  • The “Collection of Problems in Theory of the Random Processes and its Applications in Financial Mathematics and Risk Theory ” is published.
  • Coordinating Meeting and 5th Samos Conference in Actuarial Science and Finance (Samos, Greece) was organised.
  • The monograph “Boundary-value problems of mathematical physics with random factors ” is prepared in e-form and published.
  • The Days of Actuarial Education was held (14 – 15 November 2008 at Kyiv Natinal Taras Shevchenko University).
  • The booklet about Training Center was published and presented during the Days of Actuarial Education.
  • Additional books and equipment were purchaised.
  • A group of trainees was formed.