AADA, being an Africa-wide academy, will be set up to provide its services to all African countries in an efficient manner, taking into account the needs of each country. It is anticipated that each country and its corresponding actuarial association will maintain primary responsibility for the development of actuaries in their country.
In particular, the operating model will take into account:
- Pillars – AADA will adopt 4 primary pillars for its work
- Language – AADA will endeavor to support programs in both English and French. We recognize that other languages are spoken on the continent but due to limited resources we will start with these two languages.
- Local execution – AADA will work with local associations to deliver its objectives.
- Resource provision:
- AADA will provide Africa-wide support by providing templates and resources to aid countries in their own actuarial programs. Where possible, AADA will provide some in-country support – this support will be on a needs-basis, subject to available resources, and for a limited duration.
- In order to deliver on its stated pillars, AADA will require the country/actuarial association to have resources on the ground and provide the necessary requested support.
AADA’s Pillars are
Professional Development – this pillar is designed to support professionals and aid them in developing their Actuarial expertise as they carry out their roles. This pillar will utilise workshops, masterclasses, webinars and courses etc. to achieve its goals.
Educational Development – this pillar is designed to improve actuarial education locally. It involves supporting universities with actuarial accreditation, upskilling faculty, updating curriculum and aiding corporations to develop their study programmes.
Tutorials – this pillar is designed to help those studying exams. It involves helping students outside the university setting with access to resources to help understand actuarial subject matter. It could also include assistance with paying for exams.
Mentorship – this pillar is designed to help those studying and early in their careers with an approach to connecting with others in the profession in an informal setting.