27: International Professionalism Development Case Studies
The Mozambican government recently passed a law authorizing the creation of private pension funds and the company is demanding the need for training of local actuaries to enable better management and performance of the activities of insurance companies and pension funds. How is the marketplace responding? Find out about the challenges and prospects that the actuarial profession faces in Bangladesh, where the life insurance business is expanding at an impressive rate of 26.7%! Actuarial service is essential in life insurance companies for product designing, pricing, mortality investigation, reserve calculation, and valuation; but the actuarial profession in Bangladesh was surprisingly limited in the past four decades. What is changing? The actuarial profession in Macedonia is finally at a stage where a broad audience recognizes the profession, the need of actuaries. How has this been accomplished, and what are the next steps?
