The Actuarial Society of Kenya (TASK) has established an actuaries’ academy in Nairobi, making it the first institution of its kind in Kenya and within the region.
The Actuarial Academy of East Africa (AAEA), launched Tuesday with training support from the Financial Services Volunteer Corps (FSVC), is projected to crank up the risk management capacity of East Africa with the first trainees expected to join next year.
TASK says the school has teamed up with the universities of Nairobi, Strathmore and Dar-es-Salaam - which will provide tutorial facilities - to offer 15 professional certification papers.
The duration of the courses, targeting students from the EAC, will range between two to five years depending on the number of papers a student takes at a given time.
“The professional course has 15 papers. On average each paper takes about four weeks and for a student to qualify and be recognised as an actuary, they must undertake all the papers and pass,” TASK secretary Mukami Njeru said during the opening ceremony in Nairobi.