Actuarial Academy of East Africa

AFRIC 2 | The 2025 Actuarial, Finance, Risk and Insurance Congress 2: Maasai Mara Edition
2025-06-08 08:00 - 2025-06-13 17:00 (Europe/Moscow)
The Actuarial, Finance, Risk and Insurance Congress 2 (AFRIC 2) will be held inside Masai Mara National Reserve in Kenya at Muthu Keekorok Lodge from the 8th – 13th of June 2025.
This is a premier non-profit making Actuarial Science academic conference, bringing together academics and practitioners with research interests across all specialty areas of actuarial science, risk management, and financial system regulation. AFRIC aims to enhance the research culture within Africa’s actuarial community.
Stakeholders – academics, practitioners, and students – are encouraged to submit an abstract for this fairytale event. Abstract submissions are welcome from all core areas of actuarial science, finance, risk management and emerging areas including artificial intelligence. Submission deadline for abstracts is Friday, the 13th of December 2024 at 23:59hrs (AEST). Abstracts can be submitted through the link: https://forms.unsw.edu.au/form/afric-2-abstract-submission.

Conference delegates are invited to register through the conference registration page. More information on AFRIC2 can be accessed here: AFRIC 2

If you have any questions, feel free to get in touch with Jonathan on j.ziveyi@unsw.edu.au

Cyber Risk Masterclass
2025-05-23 12:00 - 13:00 UTC
Cyber Risk Masterclass:
The Actuarial Academy of East Africa (AAEA) is excited to offer an insightful Cyber Risk Masterclass designed for professionals and individuals keen on understanding the complexities of cyber risk management in today’s digital world. This comprehensive course aims to provide participants with a solid foundation in the area of cyber risk, offering both theoretical knowledge and practical insights to equip them for handling real-world cyber challenges.
Course Overview:
The Cyber Risk Masterclass will be delivered in four structured sessions, each focusing on essential topics related to cyber risk and its management. By the end of the course, participants will have a deeper understanding of the cyber landscape, the various threats it poses, and the best practices for risk management. Participants who successfully complete the course will receive a certificate from the Actuarial Academy of East Africa.

Intro Session and Meet and Greet: 25th April 2025 at 12.00PM GMT
First Session: 23rd May 2025 at 12.00PM GMT
Second Session: 27th June 2025 at 12.00PM GMT
Third Session: 25th July 2025 at 12.00PM GMT
Fourth Session: 28th August 2025 at 12.00PM GMT

Book Your Seat Here: Click Here
About Christine Waweru, FIA C.Act
Christine is a Fellow of the Institute and Faculty of Actuaries with nine years of experience in the insurance industry, currently specializing in cyber risk analytics. She began her career as an Actuarial Analyst at Deloitte Kenya, where she provided advisory services to insurers and banks. She later joined PwC UK as an Actuarial Consultant, working on a range of projects including reserving, IFRS 17 implementation, financial modeling, and other strategic initiatives within the general insurance space. It was during this time that Christine developed a strong interest in cyber risk quantification, prompting her to shift her professional focus toward cyber risk analytics.
Currently, Christine serves as a Cyber Actuary at CyberCube Analytics, where she specializes in quantifying cyber risk at both a catastrophic and single-risk level. Her work plays a critical role in driving innovation within the cyber insurance market, supporting insurers in risk assessment, pricing optimization, and portfolio management strategies. She has also contributed to the development of cutting-edge solutions for cyber insurance, helping insurers navigate the rapidly evolving cyber risk landscape.
Christine holds a Bachelor’s degree in Actuarial Science from Strathmore University and a Master’s degree in Actuarial Management from Bayes Business School. Beyond her professional role, she is passionate about mentoring aspiring actuaries and remains dedicated to shaping the future of cyber risk management within the insurance industry.

Andrew Ngai: Meet the 3X Microsoft Excel World Champion
2024-12-16 11:00 - 12:00 (Europe/Moscow)
Andrew Ngai is not only a 37-year-old Australian actuary; he is this year’s Microsoft Excel world champion. The championship took place in Las Vegas’ HyperX Esports Arena.
This is not his first rodeo. Andrew has taken this mantle three times in a row since he joined the competition in 2018.
Andrew, a Sydney-based director at consulting firm Taylor Fry, will join African actuarial community to share his passion for Excel, in a webinar session on 16th December 2024.
He will also share his journey to becoming a triple-world champion in Microsoft Excel, and how his problem-solving acumen has made him a darling amongst YouTube community. To join this webinar, use this link.

ANNOUNCEMENT: TUTORIALS FORUM 2024 – Empowering Your Success in the 2025 IFoA Exams!
2024-11-29 18:00 - 19:30 (Europe/Moscow)
Are you preparing for the Institute and Faculty of Actuaries’ (IFoA) 2025 exams in CM1 and CS1 this April or September? Do you need expert guidance, structured tuition, and insights to ensure success? Then mark your calendar for the Tutorials Forum 2024, hosted by the Actuarial Academy of East Africa (AAEA)!
Date: 29 November 2024
Time: 6:00 PM – 7:00 PM EAT
Registration Link: Virtual (link will be shared upon registration)
This annual orientation program is designed to equip actuarial students across Africa and beyond with the tools, strategies, and resources needed to excel in their exams.
What to Expect

Overview of AAEA’s Tutorials Programme
Gain insights into AAEA’s world-class tuition program for CM1 and CS1, tailored for the 2025 IFoA exams. Learn how our structured tutorials, assignments, and mock exams can help you master challenging concepts and develop exam-ready techniques.
Preparing for Closed-Book Exams
Get up to speed on the IFoA’s revised exam rules, effective April 2025, transitioning to closed-book exams. We’ll provide a detailed walkthrough of the Revised Exam Handbook to ensure you’re well-prepared for this change.
CM1 and CS1 Exam Success Stories
Be inspired by testimonials and case studies from students who have excelled in their actuarial journey with AAEA’s support. Discover the strategies and tips that have helped them succeed.

Who Should Attend?

Actuarial science students planning to sit for the April or September 2025 IFoA exams in CM1 and CS1.
Students seeking expert tuition, mentorship, and exam preparation resources.
Those curious about the upcoming changes to the IFoA exam format and how to adapt successfully.

Why Join AAEA Tutorials?
AAEA is committed to empowering actuarial students with:
✅ Comprehensive tuition programs led by experienced tutors.
✅ Assignments, mock exams, and time-tested techniques tailored to IFoA exams.
✅ Personalized mentorship and a collaborative learning environment.
✅ Proven results, with hundreds of successful actuarial students across Africa and globally.
REGISTER TODAY!
Secure your spot for the Tutorials Forum 2024 and take the first step towards exam success. Register Here!
Don’t miss this opportunity to prepare, adapt, and excel in the 2025 IFoA CM1 and CS1 exams. We look forward to seeing you there!

AAEA’s Actuarial Science Faculties Summit 2024
2024-10-24 14:00 - 16:30 (Europe/Moscow)
The Actuarial Academy of East Africa (AAEA) is proud to host the second Actuarial Science Faculties Summit on 24th October 2024, under the theme “Interdisciplinary Approaches in Actuarial Education.”
Running virtually from 2:00 PM to 4:30 PM EAT, the Summit aims to equip faculty members with insights into emerging global trends in the actuarial profession, while fostering collaboration and knowledge exchange. Speakers will address crucial topics such as:

Preparing Actuaries for the Future
The Role of Research and Innovation in Shaping Actuarial Education
Leveraging Technology in Actuarial Education: Online Learning, Virtual Classrooms, and Digital Assessments
Simulating Actuarial Work Environments in Academic Settings

We invite all delegates to register here and participate in shaping the future of actuarial education in Africa.

SPEAKERS:

PAUL SWEETING: Paul is a Senior Advisor at Hassana Investment Company. He returned to Hassana having been the Governor Assistant for Financial Sustainability and Risk Management at GOSI, the General Organisation for Social Insurance in Saudi Arabia. Before joining GOSI, he was Hassana’s Chief Risk Officer. Hassana is responsible for managing the assets of GOSI.
Immediately prior to this, Paul was a Professor of Actuarial Science at the University of Kent, where he taught enterprise risk management. He remains an Honorary Professor at Kent. He has also written a text book – “Financial Enterprise Risk Management” – used by actuarial associations around the world for the Chartered Enterprise Risk Actuary qualification.

Prof Carolyne Adhiambo Ogutu: Prof Ogutu is a dedicated educator with over 10 years’ experience in academia, known for her active engagement in student development. As the current patron of University of Nairobi Actuarial Students Association (N’ASA), she has been instrumental in mentoring and guiding students towards academic and professional success.
Carolyne has also played a pivotal role in curriculum development at the Department of Mathematics, University of Nairobi. She is currently involved in research projects that focus on training and innovation while development of cutting-edge solutions through Data Science and Machine Learning.

Gabe Necoechea: Gabe is currently the Director of Content and UX for ACTEX Learning in the Africa & Middle East markets. Prior to this role, Gabe worked as a Graduate Teaching Assistant at Kansas State University and as a Peer Tutor at Roberts Wesleyan College.
With a Doctor of Philosophy degree in Mathematics from Kansas State University and a Bachelor’s degree in Mathematics from Roberts Wesleyan University,
Gabe is experienced in leading problem-solving sessions, delivering lectures, and providing one-on-one help to students in math courses.

Fireside Chat With Africa Re Group MD/ CEO Dr. Corneille Karekezi | "Building Africa's Future: Empowering Actuarial Excellence”
2024-10-23 15:00 - 16:00 (Europe/Moscow)
Join the African Actuarial Development Academy (AADA) for an engaging fireside chat featuring Dr. Corneille Karekezi, Group MD/CEO of Africa Re, as they explore the critical role of actuarial excellence in shaping Africa’s financial future. In this insightful conversation, hosted by Marjorie Ngwenya—author of Empowered Evolution, past President of the Institute and Faculty of Actuaries, and a respected board member, advisor, and mentor—Dr. Karekezi will share his vision for strengthening Africa’s insurance and reinsurance sectors.
Together, they will discuss the importance of developing homegrown actuarial talent, overcoming key challenges, and the vital role of initiatives like the AADA in empowering the next generation of actuarial professionals. Attendees will gain valuable perspectives on how actuarial expertise can drive economic resilience and innovation across the continent, as well as their role in shaping the future of the profession in Africa.
This session is for all actuaries interested in development within the African continent, regardless of location. Don’t miss this opportunity to hear from two trailblazers as they share actionable insights on building a sustainable and thriving actuarial ecosystem in Africa!
Date: Wednesday, 23rd October 2024
Time: 08:00 EST, 12:00 GMT, 13:00 WAT, 14:00 CAT, 15:00 EAT
Registration URL: https://shorturl.at/JGvkH
Brought to you by AADA with the support of the International Actuarial Association, Actuarial Academy of East Africa, and Africa Re.

AMRITA PATTNI: Meet & Greet Session, Nairobi
2024-09-08 14:00 - 17:00 (Europe/Moscow)
Amrita Pattni will be in Nairobi for the Nairobi City Marathon that will take place on 8 September 2024.
During the week, Amrita will meet fellow actuarial professionals and fitness enthusiasts in a session that will explore how actuaries can foster a new generation of actuaries in Africa through extreme sports.
Amrita will participate in the world’s toughest race – Wales IRONMAN! She hopes that through this activity, she will raise enough money that will break down financial barriers and make high-quality actuarial education accessible to aspiring talented African students. To support Amrita, you can check out her profile here: SUPPORT AMRITA’S IRONMAN CHALLENGE.
The Africa Scholarship Fund (ASF) offers scholarships to deserving students who are passionate about pursuing a career in actuarial science. These scholarships cover a range of actuarial courses, resources, and support, ensuring that financial constraints never hinder their educational journey.
To register:click here
For more info: adminoffice@actuarialacademy.africa

Charting Your Actuarial Path: Diverse Paths and Professional Excellence for Actuaries
2024-07-25 09:00 - 13:00 (Europe/Moscow)
Join us for the Virtual Actuarial Students Summit on July 25, 2024 from 9am – 1pm EAT, hosted by the Actuarial Academy of East Africa (AAEA).
Theme: “Charting Your Actuarial Path: Diverse Paths and Professional Excellence for Actuaries”
Key Sessions:

The Expanding Horizons of Actuarial Practice
Crafting Your Actuarial Journey
Mastering the Exam Landscape
Upholding Professionalism and Ethics in Actuarial Practice

Gain insights from industry leaders and seasoned professionals to guide your career. The speakers are:

Rendani Mbuvha
Mike Watitwa
Sonal Shah
Mukami Njeru
Moses Mutuli
Anthony Kadima
George Odera

Please share this with your networks! For more information, feel free to contact us through adminoffice@actuarialacademy.africa

Global Running for a Cause: Meet and Greet Session with Amrita Pattni
2024-06-28 16:00 - 17:00 (Europe/Moscow)
Join us for an exclusive meet and greet with Amrita Pattni, as she discusses her unique approach to fundraising for the Africa Scholarship Fund through her passion for running worldwide. Discover how her athletic journey is making a significant impact on young actuarial science students in Africa.
Amrita is a senior member of the UK P&C team at Guy Carpenter, where she focuses on reinsurance optimisation, reinsurance pricing during renewals, and capital modelling to assess the capital efficiency of various reinsurance programmes. She has worked in the reinsurance industry for more than 13 years and qualified as an Actuary in 2014.
Amrita began her career at GC, after completing her BSc and MSc degrees in Actuarial Science and Actuarial Management respectively Her sports for good started in 2016 when she made it to the summit of Mt Kilimanjaro in Tanzania. Since then she has been a constant presence in variety of extreme sports.
Some of the marathons under Amrita’s belt include London, Athens, and Manchester. Amrita joined the world of triathlons in 2018, and she has participated in Bolton’s, Wales’, Dubai’s, and Sochi’s IRONMAN events. She has also taken part in the world of the ‘Ultras’! In 2022, Amrita was in South Africa for a 90KM ‘Comrades‘ – the world’s oldest and longest ultramarathons – which span from Pietermaritzburg to Durban. Building up to the September IRONMAN race, Amrita will participate in a series of races totalling 343 Kilometres.

To Register: Click Here:

Tutorials CM1 (Actuarial Mathematics) IFoA September Exams Sitting
2024-06-03 08:00 - 2024-08-30 17:00 (Europe/Moscow)
Tutorials applications for the IFoA’s CM1 September exams sitting is now open.
Deadline for registration is May 17, 2024.
Registration link: CM1 Registration

Tutorials CS1 (Actuarial Statistics) IFoA September Exams Sitting
2024-06-03 00:00 - 2024-08-30 00:00 (Europe/Moscow)
Tutorials applications for CS1 (Actuarial Statistics) September exams sitting is now open.
Deadline for registration is May 17, 2024.
Registration link: CS1 Registration

INTRODUCTION TO IFRS 17 TRAINING – BASIC CONCEPTS by Mary Ndaba
2024-05-06 18:00 - 2024-07-01 19:30 (Europe/Moscow)
Course:

Introduction to IFRS 17

Background and Overview
What has changed?
Implications of IFRS 17

Measurement Methods

Grouping of contracts
Measurement Methods
Policies and Methodology choices

IFRS 17 Technical Liabilities

Brief recap of IFRS 4 Liabilities
Liability for Incurred Claims
Liability for Remaining Coverage

Discounting
Risk Adjustment
CSM and Loss Component
Transition Approaches
Presentation and Disclosures

Income Statement
Balance Sheet
Change in KPIs

Register here.
More information: adminoffice@actuarialacademy.africa

BONIFACE KAMAU: Effective Communication Skills
2024-03-22 17:00 - 18:30 (Europe/Moscow)
#AAEAMentorshipSeries
TOPIC: Effective Communication Skills
>>> Developing clear and concise communication.
>>> Tailoring communication to different audiences.
>>> Communicating ethically and professionally.

DATE: 22/03/2024
TIME: 1700hrs
SPEAKER: Kamau Boniface Kathithu 𝐹𝐼𝒜, Consulting Actuary, The Shard (Pty) Ltd South Africa
JOINING LINK: https://us06web.zoom.us/j/85710117731?pwd=tCzweFHKEek7ujZsajMw0Z4dZDkX2F.1

About the Speaker:
Boniface is a fellow of the Institute and Faculty of Actuaries (IFoA). He holds a bachelor’s degree in Actuarial Science from DEDAN KIMATHI UNIVERSITY OF TECHNOLOGY (DeKUT) and a master’s degree in actuarial management from Bayes Business School. His area of actuarial specialization includes life valuations, financial reporting, and solvency management.
Boniface currently works with The Shard as a Consulting Actuary, where he has been involved in several projects working with Munich Re and RMA as a consultant. Before that, he was the Head of the Actuarial Function at Kenya Orient. He has also worked at IRA Kenya.
Boniface is a volunteer with the IFoA assisting in the marking of the SA2 exam.

Actuaries in Wider Fields: Navigating Diverse Career Paths
2024-02-29 17:00 - 18:00 (Europe/Moscow)
TOPICS OF DISCUSSION:

Beyond traditional boundaries: Discovering opportunities in diverse boundaries
Impactful roles: Actuaries driving innovation and decision-making in wider fields
Future trends: Emerging opportunities for actuaries in evolving industries

DATE: 29/02/24, 5:00 – 6:00 PM EAT
SPEAKER: Teresia Muthoni – FIA, Managing Partner at Rubicon Landing LLP
About Teresia Muthoni:

Teresia is passionate about private capital markets. She connect investors to businesses and projects that require funding within the East African space.
Teresia enables business leaders and entrepreneurs to access the capital they need to achieve their business aspirations. This gives them the peace of mind to focus on their core operations, knowing that they are well covered to to access not just any, but the right capital in a timely and efficient manner.
Whilst at it, she provides investors access to good quality investment opportunities in the alternatives space. The opportunities are well structured to optimise the investors risk-return tradeoff and portfolio fit.
She has over 15 years experience in investment and risk management both in the private markets space. She also understands regulation, tax and compliance requirements both from investors and issuer perspective.

Join here to take part in this conversation.
If you have any questions or seek more information, kindly reach out to: adminoffice@actuarialacademy.africa

Actuarial Modeling Techniques: Best Practices and Innovations
2024-02-27 17:00 - 19:00 (Europe/Moscow)
What are some of the best practices and innovation in actuarial modelling techniques?
Actuarial Academy of East Africa (AAEA) is holding an online discussion on key design factors to be considered when designing models for actuarial teams.
The Webinar session will be driven by Alvin Ngugi.
Alvin is a Fellow of the Institute and Faculty of Actuaries (FIA) with more than 10 years’ experience in the consulting, banking, life insurance and micro insurance industries.
He is a Senior Actuary at Dial An Actuary Limited, a professional services firm that offers actuarial expertise on demand across the actuarial, data analytics and research pillars as well as performance optimisation to both private and public sector organizations. Dial An Actuary provides its services in Africa, Europe and North America.
In his years of experience, Alvin has led teams of actuaries assisting clients with various projects including portfolio management, reserving, pricing, and product development as well as other actuarial risk management topics such as the Internal Capital Adequacy Assessment Process (ICAAP) and Own Risk and Solvency Assessment (ORSA).
To join the webinar which will take place on Tuesday, February 27, 2024 between 5:00 PM – 7:00 PM EAT, register here.
If you have any questions or seek more information, kindly reach out to: adminoffice@actuarialacademy.africa

#AAEAMentorshipSeries: Mastering IFoA and SOA Actuarial Professional Exams
2024-02-20 17:00 - 18:00 (Europe/Moscow)
About Sylvia:
Sylvia Muriira (SOA) is an Actuarial Specialist at ICEA LION with a focus on valuations and financial reporting, analysis of surplus, IFRS 17 implementation, modelling, experience investigation and assumption setting, asset liability management and reinsurance optimisation.
About Alvin:
Alvin Lumumba (IFoA) is an Actuarial Analyst at ICEA Lion Group. He has completed 7 actuarial papers from the Institute and Faculty of Actuaries and is pursuing the fellowship journey. He also has professional data analysis and data science certificates from IBM, with proficiency in R, Python, and Excel.
They will engage Actuarial Academy of East Africa’s mentees on how to master IFoA and SOA actuarial professional exams:

Study techniques
Exam techniques

Joining link: Microsoft Teams

#AAEAMentorshipSeries: Managing Career Transitions
2024-01-30 17:00 - 18:00 (Europe/Moscow)
Yvonne is the Director of Risk Management and Compliance at African Reinsurance Corporation in Nigeria, overseeing all group activities within these areas. She also serves on the Board of Directors for the Casualty Actuarial Society, where she applies her passion to develop actuarial and risk-related skills in less developed markets to drive their international strategy.
Yvonne previously served as the Lead Corporate Actuary at Travelers in London, overseeing reserving, technical provisions, business planning and reporting of results to regulators and management. She has worked in various reputable organisations internationally, including Ernst & Young (USA), Markel, and ACE/Chubb (UK). Her experience spans American, European, African and Middle Eastern markets.
Yvonne is a Fellow of both the Casualty Actuarial Society (USA) and the Institute and Faculty of Actuaries (UK). She holds a Bachelor of Arts degree from Grinnell College in the USA, where she graduated Phi Beta Kappa with Honours in both Mathematics and Economics. Yvonne was the 2021 recipient of the Women in GRC Chief Risk Officer of the Year award.
She will engage Actuarial Academy of East Africa’s mentees on Managing Career Transitions:

Navigating Career Paths and Opportunities
Strategies for Professional Development
Overcoming Challenges in Career Development
Building a Successful Career Trajectory.

To join the webinar conversation, here is the link:

Mastering the Art of Successful Interviews: Strategies,Tips, and Techniques.
2023-09-27 18:00 - 19:00 (Europe/Moscow)
TOPIC: MASTERING THE ART OF SUCCESSFUL INTERVIEWS: STRATEGIES,TIPS, AND
TECHNIQUES.
DATE: 27/09/23, 6:00 PM- 7:00 PM.
SPEAKER:

Cosmas Cheruiyot,
Actuary- Product Development & Pricing,
Britam PLC.

PROGRAM

Section
Time

Joining the meeting.
5:50 PM- 6:00 PM.

Speaker’s introduction.
6:00 PM- 6:03 PM.

Preparation.
How to approach the questions posed.
Feedback follow up techniques.
Interview success stories.

6:03 PM- 6:40 PM.

Q&A.
6:45 PM- 7:00 PM.

Building Strong Networks
2023-09-22 18:00 - 19:00 (Europe/Moscow)
TOPIC: BUILDING STRONG NETWORKS.
DATE: 22/09/23, 6:00 PM- 7:00 PM.
SPEAKER:

Mercy Akoth,
Senior Actuarial Consultant,
EY.

Section
Time

Joining the meeting.
5:50 PM- 6:00 PM.

Speaker’s introduction.
6:00 PM- 6:03 PM.

Tips.
How to maintain the networks.
Exponential growth of the networks.

6:03 PM- 6:40 PM.

Q&A.
6:45 PM- 7:00 PM.
