Actuarial Science Scholarships for Academic Year 2025/2026 | Insurance Regulatory Authority – Nairobi, Kenya – 2025

Actuarial Science Scholarships for Academic Year 2025/2026 | Insurance Regulatory Authority – Nairobi, Kenya – 2025

• Position: Actuarial Science Scholarship Recipient
• Location: Nairobi, Kenya (with study opportunity in the United Kingdom)
• Type of Job: Full-Time Scholarship (Academic Program)
• Number of Posts: 8
• Job Category: Education / Actuarial Science
• Reporting to: Chief Executive Officer, Insurance Regulatory Authority
• Application Deadline: February 28, 2025, 5:00 p.m.

Unlock a transformative opportunity in the field of actuarial science with a prestigious scholarship designed to nurture talent and drive excellence in Kenya’s insurance industry. This scholarship offers a unique chance to pursue advanced education, gain international exposure, and contribute to the development of the insurance sector. If you’re a passionate Kenyan citizen with a strong academic background in actuarial science, this role provides full support for tuition, travel, accommodation, and incidental expenses while studying abroad.

About Insurance Regulatory Authority

The Insurance Regulatory Authority (IRA) is a state corporation established under the Insurance Act, Cap 487 of the Laws of Kenya, with a mandate to regulate, supervise, and promote the development of the insurance industry in Kenya. With a commitment to fostering innovation, professionalism, and growth, IRA plays a pivotal role in ensuring the stability and advancement of Kenya’s insurance sector. Join us in this exciting initiative to build a cadre of highly skilled actuarial professionals who will shape the future of the industry.

Key Responsibilities

• Pursue a Master of Science Degree in Actuarial Management at BAYES Business School, United Kingdom, focusing on advanced actuarial techniques and industry-relevant skills.
• Engage in rigorous academic training to develop expertise in risk assessment, financial modeling, and insurance regulation.
• Participate in scholarship-related activities, including travel, accommodation, and incidental expenses covered by IRA, to ensure a seamless educational experience.
• Apply knowledge gained to contribute to the growth and development of Kenya’s insurance industry upon completion of the program.
• Maintain academic excellence and adhere to the professional standards set by the Institute/Faculty of Actuaries.

Qualifications and Skills

Required Qualifications:

• Must have obtained a Bachelor of Science in Actuarial Science (at least Upper Second-Class Honors) or an equivalent actuarial qualification.
• Should have graduated not more than six (6) years ago.
• Must be a Kenyan citizen interested in pursuing advanced studies in actuarial management.
• Should have made significant progress toward becoming Associate Members of the Institute/Faculty of Actuaries (minimum 5 professional papers).

Preferred Qualifications:

• Applicants with First Class Honors will have an added advantage, demonstrating exceptional academic prowess in actuarial science education.
• Strong analytical skills and a passion for applying actuarial methods to real-world insurance challenges.

Company Culture and Values

At the Insurance Regulatory Authority, we foster a dynamic and inclusive workplace environment committed to professional development and innovation. Our mission is to regulate and promote the insurance industry while nurturing talent through initiatives like this actuarial science scholarship. We value diversity, collaboration, and excellence, providing opportunities for scholars to grow into industry leaders who drive positive change in Kenya’s financial sector.

How to Apply 

Ready to advance your career in actuarial science? Apply now for the Actuarial Science Scholarships for Academic Year 2025/2026. Complete application forms are available and can be downloaded from the IRA website (www.ira.go.ke). Submit your application together with copies of identification, result slips/transcripts, academic certificates, birth certificate, and school leaving certificate to:

The Chief Executive Officer
Insurance Regulatory Authority
P.O. Box 43505 GPO 00100, Nairobi, Kenya
Email: comms@ira.go.ke

Applications should reach IRA offices not later than February 28, 2025, 5:00 p.m. Only shortlisted candidates will be contacted, and canvassing will result in automatic disqualification.

For more career opportunities, view more jobs. Learn more about IRA by visiting our homepage: Insurance Regulatory Authority Career Opportunities in Nairobi. Stay updated on the latest job openings by subscribing to our WhatsApp & Telegram channels:

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We are an equal opportunity employer and are committed to attracting and retaining the best employees from all backgrounds. Only shortlisted applicants will be contacted.