Africa News - Morocco: Actuaries seek national recognition

Source: Middle East Insurance Review | Dec 2015

Actuaries in Morocco are seeking recognition from the government as a profession in line with the status accorded to other professionals in the country.

“Membership in the International Actuarial Association gives us international recognition. But we do not have any status at the national level,” Mr Mohamed Amrani, President of the Moroccan Association of Actuaries (AMA), said.

The AMA held a meeting in early November on this and other issues of interest including updating of market knowledge, reported L’Economiste.

“In addition to quantitative techniques, the actuary must master not only the financial environment, but also the legal, accounting, tax and commercial aspects,” said Ms Renata De Leers, Executive Director of Actuaries Without Borders. Development courses in areas like risk management, ethics and big data are needed.

The AMA is in contact with the International Actuarial Association to develop a plan for continuing education.

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