Actuarial work for social security

Who attends this course?

This course is designed for social security professionals from ISSA member institutions. Participants should hold positions directly related to the management of social security systems and actuarial practice in terms of financial sustainability.

What topics does this course cover?

This course was designed specifically for actuaries from ISSA member organizations.

• Actuarial work
• Social security
• Social protection

What will I learn?

This course uses the ILO/ISSA Guidelines on Actuarial Work in Social Security as a framework to for assessing challenges and identifying innovations.

• Valuation of social security schemes: definition, aims and responsibilities of the actuary
• Operational management: key phases and role played by the actuary
• Investment: main financial and investment issues; management of reserve funds and investment governance
• Reporting, communication and disclosure: their role in good governance
• Risk management and analysis: definition of a risk management framework and the role of actuaries
• Regulatory issues, standards and professional guidance: the importance of compliance with national requirements and impacts on social security institutions
• Policy and strategy issues: design, implementation and operation of social security schemes
• Actuarial expertise, staffing and training: principles, conditions and requirements of actuaries; actions to train actuaries

What will I be able to do?

• Understand core approaches to improvement of actuarial work based on international best practice
• Identify roles and responsibilities of actuaries in the field of social security
• Utilise the ILO/ISSA Guidelines as a framework for improvement of actuarial work within national social security institutions
• Develop country-tailored innovations drawing on experience from other countries

Why should I join?

This course is designed specifically for social security professionals from ISSA member organizations.

• ISSA-accredited experts with decades of international experience in social security administration
• Join and interact with a network of professionals from other ISSA member organisations, including those attending parallel courses
• Mix of training methods: lectures, plenary discussions, good practices, case studies, group work and individual exercises
• Successful candidates receive an ITCILO Certificate of Achievement