Azerbaijan, Baku, 2 June / Trend corr. U.Ismayilova / The State-run Insurance Supervision Department at the Ministry of Finance of Azerbaijan will hold special courses to study the actuarial business, Tofik Memtiyev, Senior Advisor of the State Insurance Supervision Department, stated on 2 June.
"The courses of actuaries will be certificated," Memtiyev said. There is no a special Bill and centre on the actuary business in Azerbaijan. Totally, there are five professional actuaries in the country.
Memtiyev said that there courses will consist of four stages.
The first stage of trainings will be held by Mayl Zi, the well-known Canadian actuary.
The courses will be held at the Azerbaijani Ministry of Finance and Association of insurance companies through the financial support of USAID.
An actuary is a business professional who deals with the financial impact of risk and uncertainty
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