Actuarial modeling for social protection analysts

Actuarial modeling for social protection analysts
Social Protection

Actuarial modeling for social protection analysts

Protecting workers and preventing poverty

16–27 Novembre 2020
The course is available in English

National public pension systems are designed to sustain income security and prevent poverty, and in most countries redistribute funds which are a significant portion of the national GDP. Efficient governance supported by sound quantitative studies can make a lasting difference to the long-term sustainability of these systems. Given the uncertainty of future events and the complex interrelated nature of pension systems, projection methods and models are crucial for empowering policy-makers in design and monitoring. The aim of this course is to enhance the capacity of participants to use projection methods, develop actuarial models and build their own country-specific model based on the generic model of the ILO.

Key features

The green campus with modern training facilities makes a unique space for learning


Innovative training methodologies and integrated use of digital learning technology


Individual work to create project-based proposals

Introduction to the course

National public-sector pension systems are designed to sustain income security and prevent poverty. In most countries, they redistribute funds which represent a significant portion of national GDP. Efficient governance supported by sound quantitative studies can make a lasting difference. Financial specialists working for social protection schemes have to deal with uncertain future events and complex interrelated systems. They use projection methods and models for empowering policy-makers in the design and monitoring of pension schemes. This workshop on Actuarial Modeling for Social Protection Analysts will help social security staff responsible for quantitative studies, social budgeting and actuarial modeling to do their jobs more efficiently.

Who attends this course?

The two-week workshop is designed for participants committed to furthering social protection using innovative, practical methods and cutting-edge techniques. More precisely, the workshop is designed for technical officials responsible for the financial planning and monitoring of pension schemes: a) quantitative specialists (economists, actuaries, statisticians, mathematicians, computer programmers, accountants and financial managers) working for social security agencies; b) quantitative specialists of government finance and treasury departments and departments responsible for social protection; c) quantitative specialists of pension fund regulators and supervisors. Important requirement: All participants must have full command of Excel and Visual Basic. As an organization dedicated to fundamental human rights and social justice, the ILO is taking a leading role in international efforts to promote and realize gender equality. In line with this ILO focus, women candidates are especially welcome.

What topics does this course cover?
  • Module A: Social protection framework: the context of the actuarial work in social protection at the national and international level
  • Module B: National projection: Demographic projection, labour force and employment projection and economic projection
  • Module C: Scheme-specific projection: Social security data analysis, scheme-specific past experience review and assumptions, and modeling scheme-specific projections
  • Module D: Validating and interpreting projection: Projection consistency and validation, interpretation of scheme-specific results and long-term sustainability and financing strategies
What will I learn?

Participants contextualize actuarial work in social protection at the national and international levels.

  • All about demographic, employment, and economic projections
  • How to utilize the social protection framework, from concepts to country-specific models
  • The importance of scheme-specific data analysis, past experience reviews, and assumptions
What will I be able to do?
  • Increase your technical knowledge and expertise on social protection financing methods and actuarial modelling needed for the effective design, management and monitoring of social protection system;
  • Learn how modelling can be used to project future social protection expenditure and revenues;
  • Utilize knowledge on actuarial methodologies and models;
  • Understand better and participate more actively in the actuarial and financial planning of social protection systems.
Why should I join?
  • Put learning into practice through an Integrated Applied Exercise focused on the development of a country-specific actuarial model
  • Participants join and interact with a diverse network of professionals engaging in issues of impact assessment of social protection
  • The course uses a mix of training methods: lectures, plenary discussions, good practices, case studies, group work, and individual exercises.
  • Take a step towards achieving the ITCILO Diploma for Social Protection, a new accreditation for the next generation of social protection practitioners

Diploma for Social Protection Analysts

This course qualifies for the ITCILO Diploma for Social Protection Analysts. Take three out of four eligible courses within a five year period, and complete a capstone project, to become part of a global cadre of practitioners with a recognised set of skills in social protection policy analysis.


The course consists of 120 total hours of learning, broken up into three phases.

  • Pre-course (10 hours): Self-guided study through the online eCampus platform. Includes a pre-course assessment.
  • Residential week (100 hours): 10-days of intensive training at the ITCILO in Turin, including developing an individual presentation.
  • Post-course assignment (10 hours): Individual assignment applying learning from the course to a national context.

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