25 July - 19 August, 2005

10th Actuarial Diploma Program 2005 - 2006

Beirut

The Muhanna Foundation Actuarial Program offers a general curriculum in Financial Mathematics, Actuarial mathematics, Statistics, Survival Models, Investment & Asset Management and applications to participants with a strong mathematical background, and provides the basic skills and expertise to be applied in insurance, social security or pension funds.

Since 1996, over forty four students from Bahrain, Cyprus, Egypt, Jordan, Lebanon, Malta, Oman, Russia, Saudi Arabia, Sudan, Turkey, and Yemen have attended the program. More than twenty four lecturers from Britain, Canada, Cyprus, Lebanon, Poland, Switzerland, and the United States have come to Beirut (and previously to Cyprus) to guide participants through both academic and practical approaches to the subjects of Actuarial Mathematics, Mathematics of Finance, Investments, Life and General Insurance, Probability and Statistics and others.

The current program consists of an introductory 3-week residential actuarial teaching phase, followed by a 9-month distance learning phase in which participants work on provided assignments and prepare for the second 3-week residential review and examinations phase. Successful participants will receive a Diploma in Actuarial Science, presented jointly by the Muhanna Foundation and the UK Institute of Actuaries. This is not a full qualification as an actuary but it is a valuable first stage, providing a foundation on which students can build by taking the professional examinations of the Faculty and Institute of Actuaries (UK) or the Society of Actuaries (USA).