Achieved results

  • Basic concepts and national approach to qualification requirements and scheme of training/retraining of Ukrainian actuaries which take into account national Ukrainian features and consistent with EU schemes ware elaborated;
  • The pilot training programme and syllabi of 8 training courses created;
  • Core readings for 8 training courses in “Probability Theory and Mathematical Statistics”, “Financial Mathematics”, “Models”, “Contingencies”, “Statistical Methods in General Insurance”; ‘Finance and Financial Reporting”; “Financial Economics”;” Economics” and other training materials (guides, collections of problems and tests) were prepared on the base of recommendations of International Actuarial Association, Group Consultative and British Institute of Actuaries;
  • The Project Web-site was created; Newly created didactic materials, programme of training and time-table of courses were presented on 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 Center for actuaries and financial analysts on the base of Kyiv University was organized;
  • Lecturers and trainers for Training Center (15 persons) were trained in Actuarial Mathematics for Life and Non-Life Insurance, Risk Theory and Management, Financial Mathematics, distance and e-forms of education on the base of Stockholm, Malardalen, Leuven, Cologne, Aegean Universities;
  • Pilot course programme and the full-scale programme of actuaries training implemented, 11 groups of trainees formed, lectures and practical studies delivered, 136 actuaries-practitioners retrained;
  • The Examination Center on the base of Kyiv University organized with essential assistance of British Institute of Actuaries, 60 persons took part in the examination sessions;
  • 7 practitioners pass all necessary exams and obtained state certificate for actuaries activities;
  • 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 sector;
  • 18 new text-books created in e-form and published;
  • Improved didactic materials 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 Center, dissemination of best Project results was carried out;
  • Three International Summer School “Insurance and Finance: Science, Practice and Education” was carried out, Abstracts and Proceedings of the School published in special issues of the journal “Theory of Stochastic Processes” and delivered to wide range of UKR libraries, universities, insurance companies;
  • Good links with TACIS Project “Support to Ukrainian Insurance Sector” established, certain mutual activities carried out;
  • Cooperation with Society of Actuaries of Ukraine and League of Insurance Enterprises developed;
  • The contacts with Sweden, Germany, Greece Actuaries Societies, British Institute and Faculty of Actuaries, Group Consultatiff established.