The Society of Actuaries (SOA), in partnership with the Center for National Health Insurance (CNHI), represented by the National Casemix Center of Excellence (NCCoE), and in collaboration with WTW (Willis Towers Watson, NASDAQ: WTW) and the Financial Academy, announced the launch of the National Program for Actuarial Excellence in Healthcare Financing.<\/p>\n\n\n\n
This program aligns with Saudi Vision 2030\u2019s financial transformation goals, aiming to enhance efficiency and accelerate progress within the healthcare sector. It recognizes the pivotal role of health actuaries in advancing value-based healthcare funding across the public system. <\/p>\n\n\n\n
To obtain certification, participants must successfully complete three newly developed examinations \u2014 designed in collaboration between the SOA, which authored the theoretical components, and WTW, which developed the practical modules.<\/p>\n\n\n\n
\u201cThis program is about shaping the language of value and sustainability in healthcare,\u201d said Ehab Al Atassi, CEO, National Casemix Center of Excellence.<\/p>\n\n\n\n
\u201cIn August, the inaugural cohort of 46 actuaries took the first series of exams, with 36 achieving the certificate of completion,\u201d said Joe Wurzburger, FSA, MAAA, CAE, Managing Director of Content and Business Partnerships for the Society of Actuaries. \u201cActuaries are essential to strengthening healthcare systems\u2014bringing expertise in risk analysis, cost forecasting, and funding model design. <\/p>\n\n\n\n
In collaboration with CNHI and WTW, this certification aims to elevate the region\u2019s health actuaries and deliver solutions to support a more sustainable, forward-looking and data-driven healthcare system.\u201d
The program plans to expand quickly, with the next cohort scheduled to begin this month and aiming to include around 50 actuaries.<\/p>\n\n\n\n
Mohamed Ibrahim, Director, Insurance Consulting and Technology, WTW, said: \u201cWTW is proud to be aligned with this initiative, training the next generation of healthcare actuaries in collaboration with CNHI and the SOA in Saudi Arabia. <\/p>\n\n\n\n
Leveraging WTW\u2019s deep domain expertise in health analytics, risk modelling and actuarial science, the course reflects our commitment to advancing the actuarial profession and fostering the next generation of healthcare actuaries. <\/p>\n\n\n\n
By integrating global best practices with local health system transformation goals, this program aims to build sustainable actuarial capacity that will strengthen public health outcomes across the region. This partnership underscores WTW\u2019s dedication to innovation, education and the long-term development of actuarial talent.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Society of Actuaries (SOA), in partnership with the Center for National Health Insurance (CNHI), represented by the National Casemix Center of Excellence (NCCoE), and in collaboration with WTW (Willis Towers Watson, NASDAQ: WTW) and the Financial Academy, announced the launch of the National Program for Actuarial Excellence in Healthcare Financing. This program aligns with …<\/p>\n","protected":false},"author":2,"featured_media":82139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2276,4199,4198],"class_list":["post-82138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-healthcare","tag-new-actuarial-excellence-program","tag-the-society-of-actuaries-soa"],"yoast_head":"\n