E-Learning on Actuarial Modeling for Social Protection Analysts

Social protection systems are designed to sustain income security and prevent poverty, and in most countries redistribute funds which are a significant portion of the national GDP. Efficient governance supported by sound quantitative studies can make a lasting difference to the long-term sustainability of these systems. Given the uncertainty of future events and the complex interrelated nature of pension systems, projection methods and models are crucial for empowering policy-makers in design and monitoring. The aim of this course was to enhance the capacity of participants to use projection methods, develop actuarial models and build their own country-specific model based on the generic model of the ILO.

OBJECTIVES

Through this training, participants should have acquired the knowledge to:

• Increase your technical knowledge and expertise on social protection financing methods and actuarial modelling needed for the effective design, management and monitoring of social protection system;

• Learn how modelling can be used to project future social protection expenditure and revenues;

• Utilize knowledge on actuarial methodologies and models;

• Understand better and participate more actively in the actuarial and financial planning of social protection systems.

CONTENT

• Identifying theories of change and impact pathways of social protection systems

• National projection: Demographic projection, labour force and employment projection and economic projection,

• Scheme-specific projection: Social security data analysis, scheme-specific past experience review and assumptions, and modeling scheme-specific projections,

• Validating and interpreting projection: Projection consistency and validation, interpretation of scheme-specific results and long-term sustainability and financing strategies.

ACHIEVEMENT

• The course consisted of a number of online modules offered through the eCampus over a period of seven weeks for an estimated total of 100 learning hours.

The assessment structure included the following elements:

• Technical Forum (20%)

• Assignments (30%)

• Collaborative activities (10%)

• Final presentation (20%)

• Technical memo (20%)

NUMBER OF HOURS: 100