CMMSA-Center of Modern Mathematical Sciences and their Application

Financial Mathematics and Actuarial Science

Overview

The field of financial mathematics and actuarial sciences is considered one of the strategic areas in many developed countries, which plays a fundamental role in finding new ways to develop the work of financial and insurance institutions and ensuring that the necessary precautions are taken to confront future risks related to financing, insurance, investment, and instability in financial markets.

Meet our Team

Our Objectives

Increase

Increasing the efficiency of actuarial and financial experts

Improve

Improving the level of service provided to individuals and society by helping companies make the appropriate financial decision for the service

Evaluate

Evaluating assets and investments by developing models to evaluate financial assets, determine their value, and analyze the expected returns and risks associated with them

Manage

Managing financial risks by analyzing, evaluating and developing financial risks

Design

Design and develop innovative financial products and tools and ensure their compatibility with the desired financial and economic goals

Build

Building fruitful partnerships with insurance and financial institutions by providing research and consulting studies that contribute to developing their work and improving their competitive capabilities

Develop

Developing research in the field of actuarial and financial studies in the Kingdom.

Organize

Organizing international conferences in the field of actuarial science with the participation of researchers from inside and outside the Kingdom

Our Duties

Publishing

Publishing high-quality scientific research.

Signing

Signing cooperation agreements with insurance and financial institutions in the Kingdom.

Organizing

Organizing an annual workshop with the participation of insurance companies, financial institutions in the Kingdom, and experts specialized in actuarial science.

Developing

Developing international cooperation with international actuarial associations such as the American Associations SOA, CAS, and the British Association IFoA, and benefiting from their experiences in developing actuarial work in insurance institutions.

Holding

Holding qualification and development training courses for employees of insurance and reinsurance companies, brokers, agents, freelancers, and employees of regulatory authorities.

Qualification

Qualification to pass national and international professional tests.

Supporting

Supporting the establishment of regular, executive and professional academic programs with various academic degrees locally and internationally.

Organizing

Organizing training courses and workshops aimed more at developing computer techniques in financial planning, budgeting and financial software.

Research Approaches

The most important recent topics of interest to researchers in financial and actuarial mathematics include: analyzing data for agencies, making the necessary forecasts for agencies to achieve 2030 vision, recent trends in insurance pricing, big data Analytics, financial and actuarial analysis for risk assessment, Environmental Finance, protection and savings insurance, distribution of loss and its applications using theory of credibility, optimum investment of funds of financial and insurance institutions, Derivative Pricing, the impact of demographic changes on retirement and health insurance, pricing shares in the financial markets, hedging strategies in insurance and financial institutions, financial derivatives and portfolio management, portfolio Optimization, estimating reserves and technical allocations, applications of AI and machine learning in financial mathematics and actuarial science:

Collaboration

Collaborate
  • Universities
  • Ministry of Finance
  • Financial Centre
  • Central Bank
  • Education and Training Evaluation Commission
  • Banks
  • Big companies
  • Insurance companies

Last Update
2/2/2024 3:58:01 AM