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A joint program between the Financial Academy and the Insurance Authority, in collaboration with training and professional accreditation partners: the Society of Actuaries (SOA) and the Institute and Faculty of Actuaries (IFoA)
Register Your InterestIn Collaboration with:
The Financial Academy, in partnership with the Insurance Authority, is launching the Actuarial Science Skills Accelerator Program with the aim of developing and empowering national talent in the field of actuarial science, and enhancing sector readiness through internationally accredited career pathways.
The program focuses on supporting participants in progressing through the professional certification tracks issued by:
This is achieved by providing a structured training framework and supportive educational content that helps build the essential knowledge and professional foundation required to pass examinations and advance along the actuarial career path.
Qualify national talents to work and excel in the field of actuarial science, supporting the growth and sustainability of the insurance sector in the Kingdom.
Enable participants to progress through internationally recognized career pathways (SOA and IFoA) via a structured and well-defined training track.
Enhance trainees’ readiness to pass actuarial examinations by providing appropriate educational materials and training support.
Align actuarial skills with the needs of the Saudi insurance market and the sector’s regulatory and development requirements.
Build a long-term career pathway for actuaries, starting from the Associate level and extending to Fellowship.
.Elevate applied knowledge and professional competence in areas such as: * Actuarial modeling and science * Applied statistics * Financial mathematics * Risk management * Insurance applications
Identify the appropriate track for each participant (SOA or IFoA).
Provide a structured learning experience aligned with the requirements of each professional body.
Offer accredited learning materials to support exam preparation.
Monitor progress throughout the learning journey.
Career Guidance (Coaching) Sessions Supporting the Program Pathway.
Link training content to the needs of the Saudi insurance market.
Estimated duration of 2 to 3 years
Additional estimated duration of 2 to 3 years
Estimated duration of 2 to 3 years
Additional estimated duration of 2 to 3 years
*The actual duration depends on the number of examinations, the pace of progress, and each participant’s individual study plan
180,000 SAR
178,000 SAR
187,000 SAR
61,400 SAR
No. The program does not grant a standalone certificate; it supports trainees in progressing toward and passing the professional certifications accredited by Society of Actuaries and Institute and Faculty of Actuaries.
The training partners are: - Society of Actuaries (SOA) - Institute and Faculty of Actuaries (IFoA)
The Insurance Authority participates as a strategic partner in the initiative, supporting the development of national talent within the insurance sector.
No. The current registration is for Expression of Interest only, and implementation dates will be announced at a later stage.
