Demand For Actuarial Skills Remains High -muradzikwa

The Insurance and Pensions Commissioner of Zimbabwe, Dr. Grace Muradzikwa, recently spoke at the Actuarial Society of Zimbabwe’s inaugural presidential dinner. She highlighted the increasing demand for actuarial skills, particularly in light of the increased emphasis on robust prudential regulation for insurance firms and other financial institutions. She also discussed the Zimbabwe Integrated Capital and Risk Programme (ZICARP) framework and the IFRS reporting framework, which are expected to enhance financial reporting of insurance contacts. Additionally, she noted the capacity of financial institutions, such as insurers, to collect large volumes of data and embrace newer models for pricing risk supported by data science and machine learning applications.