Prudential Assurance Uganda has awarded shs 135 million to the top five graduates of Makerere University’s Actuarial Science program as part of its ongoing efforts to grow actuarial talent in Uganda.
The support is part of the Prudential Actuarial Support Scheme (PASS), launched in 2022 in partnership with Makerere University.
The initiative recognizes academic excellence while offering mentorship, internships, and funding for professional exams to help top graduates become certified actuaries.
Each of the five received $500 and full sponsorship for professional actuarial certification exams.
“This investment secures the future of Uganda’s financial and insurance sector by nurturing the
professionals who will drive it,” said Tetteh Ayitevie, CEO of Prudential Uganda.
“Actuaries are essential for pricing, product design, and long-term financial sustainability. These young professionals represent the future of the insurance and financial services sector in Uganda. By investing in their growth today, we are securing resilience, and innovation of our industry.”
While demand for actuaries is rising, Uganda still faces a shortage of certified professionals.
Through PASS, Prudential is guiding high-potential students to achieve global qualifications such as
Certified Actuarial Analyst, Associate, and Fellow.
The five recipients are already active in Uganda’s insurance sector.
Prof. Edward Bbaale, Principal of Makerere’s College of Business and Management Sciences, applauded the initiative saying PASS motivates excellence and prepares students for industry leadership.
Over the last two years, Prudential has supported 15 actuarial students, two of whom are now full-
time employees.
With each cohort, PASS strengthens Uganda’s capacity to build a self-sustaining
actuarial profession led by homegrown experts.