In 1999, the National School of Statistics and Applied Economics (ENSEA) in Abidjan opened a specialisation course in Finance and Actuarial Sciences in the 3rd year of its “Engineer in Statistics and Economics” Division.
This project, which is part of the 2016-2020 strategic plan, specifically aims to:
- Meet the growing needs in West and Central African countries for actuarial, financial mathematics and finance training;
- Support the development of actuarial and financial techniques that meet the needs of the private sector in Africa and promote their use;
- Popularize the statistical tool in the financial industry of West and Central African countries;
- Increase ENSEA’s reputation as a credible training and assistance partner for the private sector, particularly banks and insurance companies.
The implementation of this project is articulated around 3 axes:
- Strengthening initial training in Finance and Actuarial Services:
- Setting up a double curriculum in the Ivorian training system for obtaining the Master in Actuarial Sciences in partnership with the ISFA of Lyon
- Covering international standards set by the International Actuarial Association
- Meeting the specific needs of the banking and insurance sectors in West and Central Africa
2.The development of a continuing education offer in finance and actuarial sciences:
This involves making training available to private individuals, national insurance departments and private individuals.
- Continuing training leading to a diploma
- Short training leading to a certificate
.The development of research on financial and actuarial issues:
It involves setting up a framework making it possible to identify the issues peculiar to Africa, to find answers, and to systematically popularize the solutions developed via the lessons and by the offer of expertise services.
ENSEA is working with several partners to implement this project:
- Technical partners: A partnership has been signed with ENSAE ParisTech and ISFA Lyon for support in initial and continuing training
- Private Institutions: ENSEA is in discussion with insurance groups for the financing of initial training
- The INPHB School of Higher Studies in Insurance
The double degree will take place over 4 semesters.
The first 2 semesters end with an actuarial internship exposing the student to actuarial issues (Insurance Department of the Ministry of Economy, Insurance and Reinsurance Companies, Social Security Institutes, Banks and Financial Services, Actuarial Consulting Firm).
The third and fourth semesters will be devoted to learning actuarial techniques.
During the last semester, the students in groups of two will have to carry out works which will be evidenced by the defence of an actuarial thesis.
Students from HEA Yamoussoukro will join the programme for the 4th and 5th semesters instead of their 3rd year internship in a company.
The conditions for obtaining the double diploma:
- Validate the ENSEA diploma of Engineer in Statistics and Economics or the HEA diploma of Engineer.
- Validate the diploma of the partner schools, particularly the actuarial master of the ISFA of Lyon.
- Validate the actuarial dissertation, i.e. a minimum mark of 12/20.
- Obtain a minimum mark of 8/20 in each of the specific subjects of the actuarial curriculum.
- Pass an international English test, notably the TOEIC, or the TOEFL. The minimum score is set at 60%.