Since popularity of actuarial profession in Slovenia is getting higher each year, education of future actuarial experts becomes more and more important. First actuarial school in Slovenia was formed in 1997 as a specialistic study at the University of Ljubljana.

Today Slovenian students can choose to study at the University of Ljubljana to get the master degree in actuarial science and the Slovenian actuarial licence or to become a student of Faculty and Institute of Actuaries of Great Britain. The last option is possible since one of the primary tasks of Slovenian Association of Actuaries is organisation of actuarial education in Slovenia. Association is an organiser of the examination centre in Slovenia. First examinations took place in Slovenia in April 2001.

Education needed …

The Agency for Insurance Supervision has issued the sub-law “Decision on the conditions for acquiring and examining the expertise for performing the tasks of an Appointed Actuary”. The Decision lays down conditions for acquiring and examining of expect knowledge for performing the tasks of an Appointed Actuary.

According to the Decision, required expertise is proved with having at least two years of working experience in the actuarial field and, with exercising expert knowledge from the following subjects: Insurance Accounting, General Insurance I, Actuarial Mathematics I, Actuarial Mathematics II, Management of Financial Investments, Actuarial Statistics, Life Insurance I, Actuarial Mathematics III, Insurance Finance and Financial Reports, General Insurance II, Life Insurance II, Pension Insurance, Social Security Law, Public Sector Finance.

It is considered that a candidate for an Appointed Actuary has a working experience in the actuarial field, if he/she performed actuarial tasks in insurance undertaking, audit company or other financial organisation, either in governmental body, responsible for insurance supervision.