Edith Apoo Email & Phone Number

Uganda

Bermuda

Leverage existing knowledge of risk based supervision pillars and regimes like solvency II ,to enhance supervision of re/insurance entities through undertaking reviews of prudential and financial filings by regulated re/insurance entities (Life and Non-life) to evaluate compliance with existing laws, regulations, policies, codes, plans and procedures, and preparing reports for discussion and action.

Uganda

PURPOSE OF POSITIONProvide support in the identification and quantification of key risks and actuarial aspects and monitor compliance of the industry players with the provisions of the Insurance Act. DUTIES AND RESPONSIBILITIES1. Participate in developing and eventual updating of tools to aid the adoption and implementation of Risk Based Supervision.2. Participate in the development, validation and update actuarial models.3. Participate in monitoring insurance companies compliance with the provisions of the Act in aspects such as capital adequacy/solvency, investment etc.4. Review Actuarial valuation reports, risk management reports and company models.5. Reviewing of products, premium and commission rates and adequacy of technical provisions.6. Participate in the development and review of technical guidance to the industry on risk management and actuarial aspects and monitor compliance of the industry with actuarial standards of practice.7. Participate in scenario and stress testing.8. Participate in actuarial research/surveys and analysis of industry data.9. Update the risk dashboard.10. Carry out any other duties assigned from time to time.

Uganda

Duties And Responsibilities Verify estimates for technical provisions for insurance Companies. Review Actuarial valuation reports and liaise with Consultants and Actuaries, on actuarial matters including products, valuations, and critical business statistics required. Monitor players in the insurance industry to ensure they comply with the provisions of the Insurance Act 2017. Reviews new/modified insurance products, accompanying premium rates, Commission rates and accompanying documents. Collects, verifies, analyzes and interprets data/information on insurance business and Produces periodic reports such as annual statistical reports for the industry as a whole. Assess impact of International Financial Reporting Standards requirements on the industry Assess Reinsurance treaties and strategies and provide technical adviseRisk Based Supervision (RBS) Duties and Responsibilities Developing the Risk Based Capital (RBC) model – Identify, quantify, and monitor risks and provide mitigation measures  Calibration of capital charges for Insurance Risk, Market risk, Credit risk, Operational Risk and stress factors for both life and Non-life business and develop a stress testing framework.  Developing templates for testing the RBC model i.e Internal Model Testing using data for insurance companies Training of Internal Staff and insurance industry on the implementation of Risk Based Supervision framework and the RBC model Development of the external roadmap that will stipulate the different phases of Implementation of RBS in the industry Developing an institutional risk rating model for the insurance industry

Uganda

Responsibilities Held  Perform valuations to arrive at suitable prices for New and Retention Business including customized and tailor made premium based quotations. Collate and analyze data for the preparation of accurate and timely reports, to enable informed decision-making and consistency of information presented to senior management and external stakeholders.  Providing tailor made products to fit client’s preferences especially adjusting benefit limits in alignment to the price. Preparation of the scheme operations reports, providing a scheme analysis based on membership trends  Prepare monthly and weekly reports with the aim of aiding Internal Business Processes. Examples of statistical tools used are Excel, Stata, Epi Data or any other equivalent.

Charterred Enterprise Risk Actaury

Still pursuing the CERA qualification to date

Certified Actuarial Analyst, Actuarial Mathematics

Completed Certified Actuarial Analyst profession from the Institute and Faculty of Actuaries, United Kingdom

Bachelor'S Degree In Actuarial Science