Actuarial Analysis for Social Security and Pensions
Data Analytics, Pension Modelling and Actuarial Governance for Social Security Institutions.
Bridging Data and Decision-Making
Population ageing, demographic change, evolving labour markets and increasing financial pressures are transforming the environment in which social security institutions operate. In this context, actuarial analysis has become an essential tool for assessing the sustainability, adequacy and long-term resilience of pension and social protection systems.
This programme has been designed to strengthen the technical capacities of professionals working in social security institutions, pension schemes and related organizations. Through a combination of actuarial foundations, data analytics, pension modelling and actuarial governance, participants will gain practical knowledge to better understand actuarial reports, support evidence-based decision-making and contribute to the long-term sustainability of social protection systems.
Developed within the framework of international good practices promoted by the International Social Security Association (ISSA), the International Labour Organization (ILO) and the Inter-American Center for Social Security Studies (CIESS), the programme combines conceptual learning with practical applications relevant to social security institutions across the Caribbean and the Americas.
What You Will Achieve
By the end of the programme, participants will be able to:
Intended for Professionals Working In
Sectors
- Social security institutions
- National insurance boards
- Pension funds
- Ministries of finance, labour and social protection
- Regulatory and supervisory authorities
- Public sector organizations involved in social protection policy
Particularly Relevant For
- Pension specialists and administrators
- Financial and investment officers
- Planning and strategy professionals
- Data analysts and statisticians
- Risk management professionals
- Policy advisors
- Technical staff supporting actuarial functions
- Early-career actuaries working in social security
Four Knowledge Pillars
The programme combines conceptual learning with practical applications across four interconnected modules.
Foundations of Actuarial Analysis
- Private actuarial practice
- Life tables, mortality and survival concepts
- Insurance reserves and annuities
- Introduction to social security pensions
Data Analytics and Financial Assessment
- Financial statements and actuarial aggregates
- Pension financing mechanisms
- Data preparation and analysis
- Introduction to Python and analytical tools
Pension Modelling and Projections
- Pension projection methodologies
- ISSA–ILO actuarial modelling framework
- Scenario analysis and sustainability assessment
Actuarial Governance and Strategic Decision-Making
- ISSA–ILO Guidelines on Actuarial Work
- Risk analysis and management
- Actuarial governance structures
- Integration of actuarial, financial and investment functions
Programme Structure
- Private actuarial practice
- Life tables, mortality and survival concepts
- Insurance reserves and annuities
- Introduction to social security pensions
- Financial statements and actuarial aggregates
- Pension financing mechanisms
- Data preparation and analysis
- Introduction to Python and analytical tools
- Pension projection methodologies
- ISSA–ILO actuarial modelling framework
- Scenario analysis and sustainability assessment
- ISSA–ILO Guidelines on Actuarial Work
- Risk analysis and management
- Actuarial governance structures
- Integration of actuarial, financial and investment functions
Expert Instructors
Ten years' experience working inside Costa Rican social protection, alongside fifteen years with the ILO Social Protection Department, dealing with both contributory and non-contributory systems. Highly skilled in designing, applying, testing, and improving quantitative tools to analyze the sustainability and impact of social protection, both globally and on the ground. Proven track record working across North and Sub-Saharan Africa, Latin America and the Caribbean, as well as Europe and Asia.
Actuary graduated from the Faculty of Sciences at UNAM, holding a Master's in Management and Direction of Social Security Systems from the University of Alcalá de Henares, and a Master's in Corporate and Stock Market Finance from Anáhuac University. Member of the Mexican Academy of Social Security Law.
Mr. Feyaad Khan is an Actuary by profession. He is a Fellow of the Society of Actuaries, a Chartered Enterprise Risk Analyst and a Graduate of the University of Waterloo, Canada. He also holds a Masters in Business Administration from the Anglia Ruskin University, UK. Mr. Feyaad works at the International Social Security Association as a Technical Specialist in Social Security and Coordinator of the Technical Commission on Statistical, Actuarial and Financial Studies. He brings over 20 years of technical and leadership experience from the Insurance, Banking and Social Insurance Sectors and was the Chief Operating Officer at the National Insurance Board of Trinidad and Tobago where he had oversight of the Actuarial, Investments and Operations Business Units. He is also a former part-time senior lecturer in Actuarial Sciences at the University of the West Indies and has spoken on financial and social security matters in many diverse forums.
Key Dates and Schedule
Time Zone Schedule
Live Virtual Sessions
- 16 live online sessions
- Mondays and Fridays
- 2.5 hours per session
- 40 contact hours
In-Person Component
- Applied workshops
- Pension modelling exercises
- Case studies
- Collaborative learning activities
Tuition Fee
The programme fee includes
- 40 hours of online instruction, delivered through live virtual sessions held twice weekly (Mondays and Fridays)
- A 40-hour in-person intensive week at CIESS, hosted at the Inter-American Center for Social Security Studies (CIESS) in Mexico City
- Accommodation
- Meals (Breakfast & Lunch only)
The programme fee does not include
- Airfare
- Personal and incidental expenses
Language
English
Certificate
Participants who successfully meet the programme requirements will receive a joint certificate issued by the International Labour Organization (ILO), the International Social Security Association (ISSA), and the Inter-American Center for Social Security Studies (CIESS).
Testimonios de participantes
El curso me ha proporcionado herramientas estadísticas fundamentales para mi trabajo en el análisis de políticas de seguridad social. Los instructores son expertos y el enfoque práctico es excelente.
Como economista, este curso me ha permitido aplicar métodos estadísticos avanzados a mis investigaciones sobre sostenibilidad de sistemas de pensiones. Totalmente recomendado.
