introduction to esa and its education programme sydney gmoussa · 2018-05-19 · 5 admission...

Education Committee Meeting and Advice & Assistance MeetingSydney, Australia, 06 & 08 April 2011Guillaume Moussa,

Ecole Supérieure d’Actuariat,Aktuarwissen für Afrika e.V.

Introduction to the actuarial association Ecole Supé rieured’Actuariat (ESA) and its education programme

www.actuaires-esa.orgwww.actuarialsciencesforafrica.org

www.esa-isma.net2

The Actuarial Study Programme of ESAA collective initiative of: � the Ludwig-Maximilian-University (LMU) Munich Germany, � the State owned University of Benin (UAC), � the private Business School ISM-Adonaï in Benin and � the development association “Actuarial Sciences for Africa”.

With specific duties for each institutions:

� ISM-Adonaï : providing infrastructures and class-rooms for the Bachelor level.

� UAC: providing lecturers for pure Mathematics courses, Organize the enrollment of students for the Master programme and the infrastructures like class-room for the Master programme. Offer the conditions for setting up a research center in actuarial science and financial mathematics.

� LMU: Providing training an research possibilities for academics and students at LMU in Germany. Advice and Assistance in structure building.

� Actuarial Sciences for Africa : Organizing fundraising activities in Europe for the education programme and internship places for the students.

ESA: setting-up of the education programme and administration of the programme.


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Bachelor programme since 2006 at the Department of Actuarial Science and Financial Mathematics of ISM-AdonaïTotaling 30 Students

The Actuarial Study Programme of ESA (cont.)

University courses with professional examinations.Bachelor and Master levels

Beginning of Master in 2011 as part of the Department of Mathematics of UAC

1. Year 2. Year 3. Year 4. Year 5. Year

Basic courses :-Mathematics-Economics-Law-IT

Advanced courses: mandatory and optional subjects, Work experience and

Master thesis

Basic courses in actuarial sciences and insurance

Specialist Themes, Work experience and Bachelor thesis

ca. 58 Lectures,of which 40 from External staff*

Languages of lecturers:French & English

*Each module lasts 5 days and includes 30 course hours with a visiting lecturer

Further education in actuarial and insurance subjects (product development, rating, risk management etc.)

Timeline for the theoretical part of the study prog ramme (for Student with Baccalauréat)


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ESA score conversion table


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Admission conditions for applicants

� Level Bachelor: anyone holding Baccalauréat série C or D, Baccalauréat série S1 or S2 (for Senegal), equivalent diploma, (or Baccalauréat G + especial courses and tests)

� Level Master: A Bachelor in Economics with the special option inactuarial science, or at least an undergraduate degree in mathematics, statistics, physics, or any related field

Students will be requested to furnish proof of degrees obtained or may be tested in various subjects


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Quality Control: Short term Expert Evaluation Form


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Quality Control: Course Evaluation Form


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Challenges and Actions taken

� Non respect of the full contents of the lecture on accounting by the local lecturer� Selection of a new lecturer and organisation of this lecture

� Report of lectures due to the unavailability of the designated lecturers

� Non respect of the content of one basics lecture by one Short Term Lecturer� Control of the lecture notes before the courses / seminars start

� Only few regional actors have attained a high level of professionalism

� Unreliable telephone, internet connections and electricity supply in Benin

� Non respect of hotel reservation agreement by attendees from Nigeria� Prepayment of accommodation fees from next time on

� Low English level by some of the students� Introduction of TOEFL Test with a minimum of 550 scores from next semester on

� Positive : First lecture open to practitioners with a participation of 13 practitioners from Nigeria in 2010Application from prospective students from Nigeria and Ghana


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Professional Accreditation

• Support from established actuarial experts from Europe and Canada e.g.:– More than 50 visiting lecturers registered from more than 10 countries.– Prof. PhD. Mittnik, Chair of the Financial Econometrics seminar of

LMU Munich– Prof. Dr. Oppel, retired Head of the Department of Actuarial Sciences

of the Institute of Mathematics of the University of Munich, Head of our examination committee.

– Prof. Dr. Dirk van Berlaer, Free University Bruxelles, Belgium– Mrs De Leers, actuary (member of Institut des Actuaires en Belgique)

with long experience as CEO, CFO and chief actuary of several insurance companies in Africa and Middle East

• Academic and Student Exchange Agreement between - the University of d'Abomey-Calavi: (UAC) in Benin, - the Institut Supérieur de Management Adonaï: (ISM-Adonaï) in Benin and- the University Ludwig Maximilian Munich in Germany


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Important Developments since November 2006

� Recruitment of local and visiting lecturers� Preparation of teaching and learning materials including translation into French� Local accreditation for the Bachelor and Master programme� Contacts with local insurance partners for internships� Search for financial support and donations� Set up of the charity „Aktuarwissen für Afrika e.V.“, Actuarial Sciences for Africa

(ASA) and realisation of its website: www.actuarialsciencesforafrica.org� Organisation of support through the German Actuarial Association (DAV)� Internship programme in 2009 with Allianz SE (Munich Germany)� Internship programme in 2010 in Lausanne (Switzerland)� Contact and negotiation with 5 other universities in France, Germany, Cameroon,

Senegal, Switzerland and Canada� Contact and negotiation with several actuarial associations� Set up of the actuarial association “Ecole Supérieure d’Actuariat (ESA) its

registration as nongovernmental association in 2010 ( www.actuaires-esa.org)� February 2011: Defence of The Bachelor theses of the first 6 students for a jury

with Prof. Dr. van Berlaer as a Chair of the jury� Start of the implementation ESA’s E-Learning platform: http://elearning.esa-

isma.net/www/index.php


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ESA Full Membership conditions and ESA Members

ESA’s Qualification requirements for the purposes of becoming a Full Member:

� Satisfactory completion of Master programme (The last Master exam is the Master Thesis: students have to write a Master thesis and defend it for a jury. The members of the jury are nominated by ESA)

� Successfully participation to a professional development programmes organized or approved by ESA

� Completion of three-year period of practical actuarial work experiences

ESA has actually: � 12 Full Members (fully qualified members of the following associations:

Deutsche Aktuarvereinigung e. V. (DAV) (Germany) ; Institut des Actuaires en Belgique (Belgique); Institut des Actuaires (France)),

� 25 member donators and � 24 Student members.


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Impression from the first Bachelor theses defences


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Contacting ESA

Ecole Supérieure d’ActuariatBP: 02 BP 1981 Cotonou République du Bénin, Afrique de l'OuestTEL : +229 93 41 00 26 [email protected]

Or C/OAktuarwissen für Afrika e.V.Joseph-Pick-Str. 541515 GrevenbroichGermanyTel. / Fax: +49 2181 706 79 57Benin / Mobil: +229 93 41 00 26Email: [email protected]

introduction to esa and its education programme sydney gmoussa · 2018-05-19 · 5 admission...

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