CMA Organize Training Programme in Statistics for Insurance

12 November 2018

News

CMA Organize Training Programme in Statistics for Insurance

 

The Capital Market Authority continues its efforts to  organize training programmes for the current year as part of its strategy to empower the national cadres working for the insurance sector. To this end, a training programme will be held this week in collaboration with the College of Banking and Financial Studies to acquaint the trainees with statistical skills for risk analysis.

 

The importance of the three day course is due to the  fact that insurance contracts are  based on probability of occurrence of damage and the importance of statistics in analyzing similar cases to find out the probabilities of the risks and the pricing of the insurance and determining the premium..

 

The course will  cover central trends measures, variation measures and descriptive statistics in analyzing insurance policy data and  population theories using  ANOVA t-test, chi-square as well as testing relationships between the variations such as sales and marketing expenses, correlation and retrogression coefficient, variations and seasonal trends in time series analysis.

 

Tamkeen aims to enhance the representation of national cadres in the medium  and senior roles rather than junior positions as per  specified ratios to reach to Omanization ratios of 50% in senior positions, 75% in medium positions and  90% in operational positions gradually until 2020. 


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