According to a statement by IFoA, this was in recognition of the company's commitment to providing quality assurance at an organisational level, promoting confidence in their actuaries; and demonstrating a commitment to high-quality actuarial work and supporting employees in carrying out that work.
The IFOA is the
By this certification, AIICO, has joined the list of IFoA's 44 accredited organisations globally and third in
AIICO's Chief Actuary, Mr Wycliffe Obutu, commenting on the accreditation, stated: "We are delighted to receive this global accreditation from the institute after a rigorous review process.
"This is a noteworthy milestone for the company, management and staff, and the actuarial profession in
"Management of the company, with the support of its staff, especially Actuarial and HR, is proud to have initiated the process for this accreditation that, in partnership with IFoA, requires actuarial work in the company (and the market) to be undertaken to a high quality that is comparable globally."
Also speaking, AIICO Managing Director, Mr.
"This is one reason we invest substantially in human resources to drive the kind of growth we have in focus. The accreditation by IFoA, is a testament to the fact that we are doing this right."
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