Program Overview

Bachelor Programme in Actuarial Science

The Central Bank of the UAE (CBUAE) and the Scholarship Office at the Presidential Court, in collaboration with the Emirates Institute of Finance, have announced the launch of a Bachelor Programme in Actuarial Science in the UAE.

Programme Overview

The programme aims to graduate a new generation of national experts capable of providing innovative solutions in risk management, big data analysis, and the design of new financial products, to strengthen the UAE's position as a leading destination for insurance investments and support the country's sustainable economic development.

Implementation and Collaboration

The Emirates Institute of Finance, under the leadership of the CBUAE, will be responsible for implementing this project within the Ethraa programme for localisation in the financial sector, in collaboration with a select group of global and local experts and specialists.

Technical Advisory Committee

The meeting discussed the formation of a Technical Advisory Committee, which will consist of leading experts in actuarial science from the participating universities. This committee will be tasked with developing the curriculum, including courses, admission requirements, and the duration of study.

Programme Objectives

The programme represents a qualitative leap in developing the country's insurance sector, reinforcing the belief that investing in qualifying national actuarial competencies is the most effective approach to address risks and achieve progress in this vital sector.

Quotes from Key Figures

• Saif Al Dhaheri, Assistant Governor of the Central Bank for Banking Operations and Support Services and Deputy Chairman of the Board of Directors of the Emirates Institute of Finance (EIF), stated that the launch of this programme represents a qualitative leap in developing the country's insurance sector.
• Juma Al Rumaithi, Director of the Scholarships Office at the Presidential Court, said that this programme represents more than just an educational initiative; it is a strategic investment aimed at strengthening the future of the UAE and developing its national capabilities.
• Noura Alblooshi, General Manager of the EIF, affirmed that launching the Bachelor's programme in Actuarial Science reflects the EIF's commitment to academic and professional excellence.