What Is Actuarial Science?

Actuarial, in short, is based on the basic principles of economics, using modern scientific and effective methods such as modern mathematics, statistics, finance and law to analyze, evaluate and manage future risks in various economic activities. Modern insurance, finance, and investment are the foundations for stable operations.

Actuarial

The analysis, evaluation, and management of future risks in economic activities are the foundation for the steady operation of modern insurance, finance, and investment.

SOA is an abbreviation of Society of Actuaries, the North American Actuarial Association. It is mainly engaged in scientific research and vocational training in the field of life insurance actuarial science. Its senior actuary certification can be said to be the most authoritative certification in the field of life insurance actuarial and even the entire actuarial industry. Since the reform of the 2000 examination system, its education examination system has placed more emphasis on the internal connection and comprehensive application of various disciplines. A total of eight types of exams cover eight areas of actuarial science, of which the eighth class can also choose specific examination directions including finance, investment, and pensions. The eight courses are clearly structured, and all the courses included in each course form a small system and are interconnected. The eight courses generally constitute a large system; it outlines all aspects involved in actuarial science, but it also emphasizes assessment and application. Focus.

China's

Actuary (Actuary, Latin for "business") deals with risks and

The actuary qualification certificate is the most important passport to join this group, and its gold content is increasingly valued by people. With domestic

There are three main ways to train actuary qualifications

The first is the internal training of insurance companies, which is usually only for internal employees. The senior actuary of the company is responsible for imparting experience in practical work through word-of-mouth teaching. Through such training, after obtaining the actuary's certificate, employees often have relevant working backgrounds and can directly get started, but the possibility of cross-banking is very small.

The second is the professional education of universities. For example, Shanghai Caida University has an insurance actuarial major. Undergraduate students have four years of professional study and usually have a high percentage of actuaries. However, their education is mainly aimed at British actuarial science. division.

The third is on-the-job training and inter-bank training that many people care about. It is reported that the Department of Mathematics of Fudan University has a Chinese actuary exam training for all employees. However, the participants must have a college degree or equivalent. The annual tuition fee is about 16,000 yuan.

The secret of the "outsider": "Zero storage and rounding"

Some "outsiders" who have never been in the actuarial industry tend to treat the actuarial exam as a postgraduate student and study hard all day long. They want to sprint through the duck-style learning method, succeed in the exam, and then rely on this certificate Ideal job.

In fact, this method is unscientific. Often, a lot of time is spent without successfully obtaining a certificate. As a result, some good opportunities in the work are delayed, and the gain is worth the loss. The realistic approach is to first find a job with fixed holidays and office hours. You can avoid a high starting point. The key is to have a certain amount of security and free time. Then use two to three years to get four to five exams each year. Course, and leave some space to prepare for the retakes of several courses, so that after a few years, you can pass all the exams without feeling miserable. By then, with the certificate in hand, It is not difficult to find a job with a stable and generous income. Even if some people have to pass the exam in four to five years or more due to different starting points, they will not lose too much time and money.

This method, known as "zero deposit rounding," is a method that many actuaries and training schools value. Unless I have a strong professional background or have saved a large amount of funds as an investment, it is difficult to obtain an actuary qualification in a short period of time.

Gold Collar Shortcuts: Free Training for North American Actuaries

For those who want to get an actuary in North America, in addition to the investment of time, the huge training expenditure is also a small expense. However, because the demand for actuaries in North America is quite large, there are already insurance companies willing to pay for this talent. This is the AIA Fudan Actuarial Center jointly run by AIA Life and Fudan. Not only is the entire training fee free, but the courses are provided by experienced actuaries and professors. Most importantly, they solemnly promise not to sign any additional agreements with the students.

This training is for undergraduate or graduate students, and is held twice a year, starting in spring and autumn. Enrollment will stop when the number of applicants reaches 100. Then among the 100 people, 10 will be selected to obtain training opportunities. During the year, there will be training courses at levels 2, 3 and 4. Allow students to pass the initial assessment of North American actuaries. It is reported that they are about to conduct an admissions examination. The content probably involves subjects such as calculus and linear algebra.