Advanced training programme at statistics on insurance

Statistical agencies work on producing large quantities of data, information and indicators to make their statistical output available to the public at different levels. It’s worth mention that the purpose of the statistical system is to provide timely and high-quality data and information to support decision maker and policymaker for the purpose of planning, monitoring progress, evaluating performance and informing the public, researchers and all users about the performance of society, economy and government.  Insurance is the business of risk. It exchanges a fixed compensation (premium) against uncertain costs (benefits), in terms of timing and amounts. Insurance professionals must master probability  Though insurance actuaries play an important role in the insurance industry, few people understand what they do. An insurance actuary determines the statistical odds of an event occurring. In the insurance industry, knowing the odds of an event happening is important to properly price policies as well as to determine the proper allocation of assets. The British Academy presents this advanced training programme at statistics on insurance to develop the skills of insurance statisticians, analyze statistical data and write reports, which helps in making decisions and drawing up administrative and financial plans based on accurate and important information to improve the performance of organizations.