The European Union (EU) and the Agency for Social Insurance and Pensions (ASIP) yesterday awarded certificates of course completion to three staff members of the Agency for the first foundational training course in Actuarial Science.

According to the EU Delegation to Tajikistan, the course is part of a collaborative effort among the Tajikistan National University (TNU), ASIP and the EU–funded project, Technical Assistance to Support Pension Reform in Tajikistan.  The aim of this partnership is to establish an educational program in actuarial science which eventually would lead to trained actuaries in Tajikistan.

The three staff members of the Department of Budget Management and Actuarial Calculations were awarded certificates for their successful examinations and completion of the foundational course which covered the subjects of the Theory of Probability, Statistics and Demography.  The three staff members are: Ghairatshoh Abdulloyev, Mehrob Rajab, and Rustam Ishoqov,

The Director of the Agency, Mr. Safarali Najmuddinov, thanked the European Union for funding and organizing this course.  He said that it is vitally important to develop the actuarial profession in Tajikistan.  Once the actuaries are trained, they will be able to provide the Agency with knowledgeable actuarial projections to ensure that the Pension Fund continues to be financially sound over the coming years.

The European Union’s Head of the Cooperation Section, Mr. Maciej Adam Madalinski, said that he was very pleased that the EU could play a part in developing this profession in Tajikistan through the funding of the Project’s foundational course on actuarial science.  He indicated that the Project is planning a follow-on course for this fall that would cover advanced subjects in actuarial science.

The EU-funded Project is working closely with ASIP to develop capacity in the Budget and Actuarial Calculations Department in the area of actuarial analysis and projections.  Project actuaries are providing lectures, seminars and discussions to Agency staff in order to make longer-term projections on the financial flows of the pension and social insurance system and move into more complex fields of actuarial science.

The University is offering this specially-designed course to assist ASIP in training its staff on statistical topics, including demography, both for current staff and also for future hires. The University has education material available in both Tajik and Russian languages, has a computer lab and also has the ability to provide educational modules through Webinars. 

The ICON-INSTITUTE of Cologne, Germany, is heading a consortium from the United Kingdom and France implementing the Project which began operations in January 2017. The Project is being implemented in partnership with the Agency for Social Insurance and Pensions (ASIP).