The IASB issued the IFRS 17 standard (International Financial Reporting Standard 17) with the aim of promoting uniformity in insurance accounting. 

The Society of Actuaries met with TASK officials to deliberate ways of developing and delivering actuarial professional development opportunities across the respective jurisdictions.

The IRA-Uganda is on a mission to develop the actuarial profession in the country, in order to enhance the capacity needed to drive Uganda’s Insurance Act, 2017.

This is according to CAA Global Ltd (CAA Ltd) and its two shareholders, the IFoA and the SOA, as the organisations evolve their future qualification offerings.

The two actuarial bodies also shared possible synergies that can be explored in a move expected to further the growth of the actuarial profession in the East African market.

Kenbright Actuarial and Financial Services Limited (“KAFS”) has partnered with one of the largest global financial products and services provider for the distribution of FIS products in Kenya and Tanzania.

The Actuarial Society of Kenya (TASK) and the Nigerian Actuarial Society (NAS) held a discussion on Kenya’s Risk-Based Capital model. The NAS Council sought input on the Kenya’s as it seeks to help develop a similar model for the Nigerian insurance market.