DW Simpson
06-07-2007, 12:17 PM
http://www.businesstodayegypt.com/article.aspx?ArticleID=7435
AIG to Fund Visiting Actuarial
In 2004, the American University in Cairo introduced a degree in actuarial science. The American International Group has pledged to fund a leading professor or actuary, through AIG’s distinguished visiting professorship, to teach actuarial science for a full academic year at AUC starting in the fall of 2007. AIG is a leading international insurance and financial services firm.
Actuarial science is a business-mathematical discipline that applies mathematical models to improve financial decision-making. AUC developed the Actuarial Science major to reduce the gap between the supply and demand for actuaries in Egypt and the Arab region, and to develop partnerships between AUC and financial institutions.
Ali Hadi, vice provost and director of the actuarial science program, noted that AIG’s donation would help the university offer its students high-quality education in a specialized field that is not currently being taught in Egypt.
The competitive program accepts only 10 students annually and incorporates studies in mathematics, probability, statistics, economics, finance, business law, accounting and marketing.
In a press release, Vice Chairman and Managing Director of AIG Egypt Mujib Khan said, “Egypt has a shortage of actuarial experts and our sponsoring the actuarial science major at AUC will ensure that there is a pool of qualified graduates to work in insurance companies, actuarial consulting firms, banks and other financial institutions.” AUC has welcomed AIG’s decision to offer support to the actuarial science program, with Hadi saying that “private sector initiatives like the one taken by AIG are immensely appreciated and will continue to be a very important element in the efforts to develop Egypt through its talented young people.”
AIG to Fund Visiting Actuarial
In 2004, the American University in Cairo introduced a degree in actuarial science. The American International Group has pledged to fund a leading professor or actuary, through AIG’s distinguished visiting professorship, to teach actuarial science for a full academic year at AUC starting in the fall of 2007. AIG is a leading international insurance and financial services firm.
Actuarial science is a business-mathematical discipline that applies mathematical models to improve financial decision-making. AUC developed the Actuarial Science major to reduce the gap between the supply and demand for actuaries in Egypt and the Arab region, and to develop partnerships between AUC and financial institutions.
Ali Hadi, vice provost and director of the actuarial science program, noted that AIG’s donation would help the university offer its students high-quality education in a specialized field that is not currently being taught in Egypt.
The competitive program accepts only 10 students annually and incorporates studies in mathematics, probability, statistics, economics, finance, business law, accounting and marketing.
In a press release, Vice Chairman and Managing Director of AIG Egypt Mujib Khan said, “Egypt has a shortage of actuarial experts and our sponsoring the actuarial science major at AUC will ensure that there is a pool of qualified graduates to work in insurance companies, actuarial consulting firms, banks and other financial institutions.” AUC has welcomed AIG’s decision to offer support to the actuarial science program, with Hadi saying that “private sector initiatives like the one taken by AIG are immensely appreciated and will continue to be a very important element in the efforts to develop Egypt through its talented young people.”