The National Bank of Serbia is the central bank of the Republic of Serbia and as such its main responsibilities are the protection of price stability and the maintenance of financial stability.
The core functions of the National Bank of Serbia include the determination and implementation of monetary policy, as well as that of the dinar exchange rate policy, management of foreign currency reserves, issuance of banknotes and coins, and maintenance of efficient payment and financial systems.
In addition to its legal mandate to preserve stability of the national currency and ensure the efficient functioning of the financial system, the National Bank of Serbia also has social responsibilities. As an institution of national and European significance, the NBS is actively involved in public education.
According to Serbian Insurance Law, actuarial activities must be performed by certified actuaries. A certified actuary is a person licensed by the National Bank of Serbia to conduct actuarial activities. The National Bank of Serbia determines the terms and conditions for acquiring the title of certified actuary. The general managers of insurance companies nominate people to be considered as certified actuaries.
Actuaries are professionals who assess the financial consequences of unforeseen events, different types of risks and the solvency of insurance companies. They play a key role in the insurance industry. Thus, long-term training programs in actuarial science will lead to more effective and efficient implementation of insurance services in Serbia.
With the support of USAID, NBS is organizing an Actuarial Training Course. This intensive course is part of the Program for the Improvement of the Actuarial Profession, developed jointly by USAID and the National Bank of Serbia. It focuses on Pension Insurance, Risk Modeling and Property and Casualty Insurance. After successful completion of the course, participants will meet internationally recognized testing standards for certification, enabling them to become certified actuaries after three years of practical work experience.
Professional Risk Management International Association (PRMIA) holds itself to a higher standard for risk professionals. It is a fast-growing, collaborative network of risk professionals from around the globe, defining and implementing the best practices of risk management.
From the cradle to the pinnacle of your career, as a PRMIA member you will learn sound risk management practices, as well as gaining increased awareness of ethical issues and standards of conduct, certification of your skills, access to professional development programs and the opportunity to participate in multiple networks for the free exchange of ideas with your peers.
The PRMIA Institute is the non-profit educational and scientific wing of PRMIA. Formed collaboratively with leading universities, the PRMIA Institute is engaged in a variety of initiatives:
Establishing Best Practices — Leading universities around the world have come together to define the best practice curricula for graduate programs in risk management and financial mathematics / financial engineering.
Handbook: A Comprehensive Guide to Current Theory and Best Practices. Available digitally and in print.
Online Professional Development — Over 400 online learning courses are available to help risk professionals expand and refine their career skills.
Classroom Professional Development — With the faculty of leading universities, the PRMIA Institute offers a select number of classroom-based professional development opportunities.
Scholarships and Academic Grants — The PRMIA Institute supports the development of best practices by offering academic prizes, research grants and scholarship discounts to those in need of financial assistance.