What Are Actuarial Examinations?

The Chinese actuary exam is divided into two parts: quasi-actuary and actuary. There are a total of eight compulsory courses for the quasi-actuary exam. Candidates will be qualified as quasi-actuary after passing all eight courses. Part of the actuary's exam plan includes ten courses, including compulsory courses and elective courses. Candidates who have obtained the qualification of quasi-actuary, pass the five courses of actuary and meet the requirements of professional actuarial training. Teacher Examination Certificate ".

Chinese Actuary Examination

On July 16, 1999,

Exam registration includes online registration and registration confirmation.

The new system is divided into two levels: quasi-actuary and actuary.

(I) Quasi-Actuary Section

The quasi-actuary section consists of eight professional courses and a professional ethics education course.

The specific course names and main contents are as follows:

Course Title		Examination Content
A1	mathematics	A. Probability theory (fraction ratio is about 35%) B. Mathematical statistics (fraction ratio is about 25%) C. Applied statistics (score ratio is about 10%) D. Stochastic process (fraction ratio is about 20%) E. Stochastic calculus (fraction ratio is about 10%)
A2	Financial Mathematics	A. Interest theory (fraction ratio is about 30%) 1. The basic concept of interest (fraction ratio is about 4%) 2. Annuity (fraction ratio is about 6%) 3. Yield (fraction ratio is about 6%) 4. Debt repayment (fraction ratio is about 4%) 5. Bonds and their pricing theory (fraction ratio is about 10%) B. Interest rate term structure and stochastic interest rate model (fraction ratio is about 16%) 1. Theory of term structure of interest rates (fractional ratio is about 10%) 2. Stochastic interest rate model (fraction ratio is about 6%) C. Financial derivatives pricing theory (fraction ratio is about 26%) 1. Introduction to financial derivatives (fraction ratio is about 10%) 2. Financial Derivatives Pricing Theory (fraction ratio is about 16%) D. Investment theory (fraction ratio is about 28%) 1. Portfolio theory (fraction ratio is about 12%) 2. Capital asset pricing (CAPM) and arbitrage pricing (APT) theory (fractional ratio is about 16%)
A3	Actuarial model	A. Basic risk model (score ratio is about 34.3%) B. Model estimation and selection (score ratio is about 28.6%) C. Model adjustment and random simulation (score ratio is about 37.1%)
A4	economics	A. Microeconomics (fraction ratio is about 50%) B. Macroeconomics (fraction ratio is about 30%) C. Finance (fraction ratio is about 20%)
A5	Life Insurance Actuarial	A. Life insurance actuarial mathematics (fraction ratio is about 55%) 1. Survival distribution and life table (score ratio is about 5%) 2. Actuarial present value of life insurance (fraction ratio is about 5%) 3. Actuarial present value of life annuity (fraction ratio is about 6%) 4. Equilibrium net premium (fraction ratio is about 8%) 5. Responsibility reserve (fraction ratio is about 10%) 6. Gross premiums and revised reserves (fractional ratio is about 8%) 7. Multivariate life function (fraction ratio is about 5%) 8. Multiple risk model (score ratio is about 5%) 9. Multiple state transition models (score ratio is about 3%) B. Life insurance actuarial practice (fraction ratio is about 45%) 1. Life insurance basis (fraction ratio is about 9%) 2. Pricing (fraction ratio is about 15%) 3. Reserve assessment and solvency supervision (fraction ratio is about 18%) 4. Appendix of Actuarial Regulations for China's Life Insurance Industry (fraction ratio is about 3%)
A6	Non-life insurance actuarial	A. Risk measurement (fraction ratio is about 10%) B. Statistical methods in non-life insurance actuarial calculation (fraction ratio is about 10%) C. Non-life insurance rate determination (fraction ratio is about 20%) D. Non-life insurance rate correction (fraction ratio is about 20%) E. Non-life insurance reserve (fraction ratio is about 30%) F. Actuarial problems of reinsurance (fraction ratio is about 10%)
A7	Accounting and Finance	A. Financial accounting (fraction ratio is about 60%) 1. Accounting: an information system for decision-making (a fraction of about 12%). The meaning and role of accounting; the accounting standard system; the needs of accounting information users for accounting information; the role of corporate accounting standards; the relationship between different corporate organizational forms and accounting 2. Basic accounting theory (fraction ratio is about 18%). Accounting objectives; basic accounting assumptions; accounting foundations; accounting elements and measurement attributes; accounting information quality characteristics; the composition and role of corporate financial reporting. 3 Basic principles and processes of accounting cycle (fraction ratio is about 5%). Enterprise value cycle; accounting equations and subjects; debit and credit bookkeeping method; basic process of accounting cycle. 4 Accounting and disclosure of balance sheet elements (score ratio is about 10%). Accounting of major items of assets, liabilities and owner's equity; calculation and presentation of major items of the balance sheet. 5. Accounting and disclosure of income statement elements (fraction ratio is about 10%). Accounting for major items of income, expenses and profits; calculation and presentation of major items in the income statement. 6. The basic principle of the cash flow statement (fraction ratio is about 5%). The cash concept of the cash flow statement; the structure and composition of the main items of the cash flow statement; the classification of cash flows by the cash flow statement of insurance companies. B. Insurance accounting (fraction ratio is about 10%) The characteristics and contents of insurance accounting; the calculation of the main business of non-life insurance contracts, life insurance contracts and reinsurance contracts; the contents of the main financial statements of insurance companies C. Financial management (score ratio is about 30%) 1. Basic methods of working capital management (fraction ratio is about 5%). Related concepts of working capital management; management of receivables and payables; management of cash and cash equivalents; preparation, implementation and evaluation of operating budgets; basic methods of fundraising and asset portfolio management. 2. Financing and investment management: long-term capital decision-making, capital cost, and project investment (fraction ratio is about 10%). Long-term financing methods and their characteristics; capital cost and capital structure decision; project investment and cash flow estimation; overview of project investment evaluation methods. 3. Corporate financial analysis: interpretation of statements (score ratio is about 15%). Overview of financial analysis methods; solvency analysis; profitability and operating ability analysis; investment analysis; interpretation of statements by different stakeholders; limitations of financial analysis.
A8	Actuarial management	A. Actuarial, Actuarial Profession and Actuarial Work Environment (Score ratio is about 15%) B. Actuarial management system (score ratio is about 30%) C. Application of actuarial management system in actuarial practice (fraction ratio is about 55%) 1. Product development and management (score ratio is about 20%) 2. Liability assessment (score ratio is about 20%) 3. Asset-liability management (fraction ratio is about 10%) 4. Solvency (fraction ratio is about 5%)

(Notes: 1. Courses A1-A8 are written for 3 hours. 2. After passing all courses A1-A8, candidates must also take a one-day training course for Chinese Associate Actuary A9 Professional Ethics Education. Qualified as a Chinese Actuary.)

(II) Actuary

The Actuary Level Examination Course of the China Actuary Qualification Examination is divided into two aspects of life insurance and non-life insurance.

1. Life insurance direction

The actuary (life insurance) exam consists of seven professional courses and one professional ethics education course. The specific course names are as follows:

FC1 "

"Probability Theory Vol.1"

Individuals with a bachelor's degree or above, including undergraduate students, can sign up for the China Actuary Qualification Examination. However, one of the following situations is not allowed to take the Chinese actuary qualification examination:

(1) Having suffered criminal punishment;

(2) Having received administrative penalties for violating financial regulations;

(3) statelessness;

(four)

Spring 2011 Actuary Examination Time: April 16-April 20, 2011

time	exam subjects
April 16th, 9: 00-12: 00	A4 Economics
April 16th 2: 00-5: 00pm	A1 Math
April 17th from 9:00 to 12:00	A7 Accounting and Finance
April 17th 2: 00-5: 00pm	A2 Financial Mathematics
April 18th, 9: 00-12: 00	A8 actuarial management
April 18: 00-5: 00 pm	A3 actuarial model
April 19, 8: 30-12: 30 am	F1 Insurance Law and related regulations
April 19: 00-5: 00 pm	A5 Life Insurance Actuarial
April 20, 8: 30-12: 30	F2 Insurance Company Financial Management
April 20: 00-5: 00 pm	A6 Non-Life Insurance Actuarial

Chinese actuary qualification examination in autumn 2012: ^[1]

According to your actual situation, you can freely choose the test subjects and the number of exams for each exam. Each course you pass is valid until you obtain the Chinese actuary certificate, from the first test to the final actuary certificate. No time limit. You can take the exam while studying at school, or you can take the exam while working. ^[2]

Examination form and certificate

The test format is standard test and written answer, and the credit system is adopted for the test. Candidates who have passed all the basic course exams and obtained 270 credits can obtain the qualification certificate of the quasi-actuary. The actuary advanced course exam has a total of 130 credits, 90 credits are required, and 40 credits are selected. Candidates must have professional training requirements after passing the exams of all courses. Candidates must ask a senior Chinese actuary to work in a professional field for two years, and have a professional report. After passing the defense, they can obtain the actuarial exam. Certificate of conformity.