Tamkeen signs partnership agreements with 5 insurance companies to train Bahrainis in actuarial sciences

Tamkeen signs partnership agreements with 5 insurance companies to train Bahrainis in actuarial sciences

The Labour Fund (Tamkeen) signed partnership agreements with five leading insurance companies to train Bahraini talent to become qualified actuaries by attaining actuarial fellowship as part of its “Qualified Actuaries Development Program”. The program was announced last year as part of a strategic initiative in partnership with the Central Bank of Bahrain (CBB), the London-based Institute and Faculty of Actuaries, and the Bahrain Institute of Banking and Finance (BIBF), with the purpose of training and employing Bahrainis in the field of actuarial sciences, to prepare them for quality careers in the insurance sector and increase the Bahrainization rate in this specialty.

Actuaries use mathematics, statistics and financial theory to analyze the economic costs of risk and uncertainty. It’s a highly in demand profession worldwide in insurance and financial services, which provides competitive job opportunities, attractive salaries and ample room for career growth. Actuaries play an important role within organizations as they help create policies, quantify the financial impact of risks, optimize profitability and create new business opportunities.

The agreement, which was signed by Bahrain National Holding (BNH), Bahrain Kuwait Insurance Company (GIG Bahrain), Al Hilal Takaful B.S.C (c), Medgulf Takaful B.S.C (c), and Gulf Union Insurance & Reinsurance Company will provide these