Apply In-Person:

1. To Obtain License for Insurance Actuary, the applicant has to approach National Bank of Ethiopia contact link
2. Applicant has to get the form from the respective officer.
3. Applicant has to fill-in all the necessary details in the application form.
4. Make sure that the applicant has to attach the documents mentioned in the “Required Documents” section of this page.
5. Applicant has to attach the photocopies along with the application form.
6. Submit the completed form and the necessary documents to the officer.
7. The applicant has to pay the Investigation fee of Birr 300 and Licensing fee of Birr 250.
8. The authority officer will review the application and process the application.
9. Once the process is completed, the license is given to the applicant within the stipulated processing period of time.

• A duly completed application form
• The name and occupation (including date and address of previous employment) of the applicant.
• Four passport size recent photographs of the applicant or the chief executive officer
• Curriculum Vitae of the applicant or the chief executive officer

National Bank of Ethiopia
P.O Box: 5550
Tel: +251 115 517 430
E-mail: nbeinfo@nbe.gov.et
Fax: +251 115 514 588
Contact details link
Location details link

An applicant for a license:

• Has to be an Ethiopian national;
• Must not have been convicted of an offence involving dishonesty or fraud, whether in Ethiopia or elsewhere; and
• Should maintain a professional indemnity insurance cover or produce property guarantee for Birr100, 000 (one hundred thousand Birr).

An applicant should hold a degree/diploma from

• Institute of Actuaries (London); or
• Faculty of Actuaries (Scotland); or
• Society of Actuaries (U.S.A); or
• Degree or diploma acquired from professional institution with similar status.

• A person applying for a license to be an Actuary shall pay investigation fee of Birr 300 (three hundred Birr) and initial license and subsequent annual renewal fee of Birr 250(Two hundred fifty Birr).

• Validity of the license is for 1 year.

Please attach documents that can be used by people. E.g. links

Please attach sample completed documents that would help other people.

• Processing time of this procedure takes up to 30 days.

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external 
websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

• Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
• Applicant must provide genuine information while applying for this procedure.

• Name
• Address
• Contact number
• Email
• Gender
• Age

• To provide a service of analysing financial risks by implementing statistical, financial and mathematical theories a person should obtain insurance actuary license.

Enter other information which might help.

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

link

More information which might help people.