It is recommended that you study the actuarial direction of economics. This direction is a combination of mathematics and economics. The current actuarial exam is very popular. If you are admitted to the actuarial exam in Nankai , you should have no problem with a starting salary of 200,000 after you graduate.

Actuaries are professionals who use actuarial methods and techniques to solve economic problems. They are experts in assessing future financial risks of economic activities. They are a combination of mathematicians, statisticians, economists and investment scientists. A senior talent in the insurance industry. In short, actuaries deal with "future uncertainty" and their purpose is to provide a basis for financial decisions.

The traditional working field of actuaries is the commercial insurance industry. In this industry, actuaries are mainly engaged in important work such as product development, liability reserve accounting, profit analysis and dynamic solvency testing, ensuring that the insurance regulatory authorities The regulatory decisions and the operating decisions of insurance companies are based on science. With the development and application of actuarial science, the work areas of actuaries have gradually expanded to social insurance, investment, population analysis, economic forecasting and other fields.

Acctuaries are a popular and attractive profession in various countries around the world. According to the 1999 American Occupational Ratings of 250 professions, actuaries were rated as the best profession. It is reported that the annual income of Chinese actuaries was more than 1 million yuan in 2004, and the income growth in 2005 is expected to exceed 10%. Now China's most valuable actuary, Steven Mile of Ping An Insurance Company, is estimated to be His net worth is at least 3 million yuan per year.

Actuaries are called “the golden collar among golden collars”.

There is a huge gap in actuaries in my country

Due to the late start of China’s insurance industry and other historical reasons, actuarial science, especially actuarial education, has been blank in our country for a long time. Until 1987, Nankai University The actuarial science cooperation project was established with the Actuarial Society of North America to systematically introduce actuarial education into China.

In developed countries, actuaries are not only core elites in the commercial insurance industry, but also hold important positions in many fields such as financial investment and consulting. The current situation in China is: there is an acute shortage of actuaries. As of now, there are 50 "Chinese actuaries" and 164 associate actuaries in our country, and experts predict that in the next few years, the Chinese market will need about 5,000 actuaries.

The scope of work of an actuary

In fact, the scope of work of an actuary is very wide, including:

① Design of insurance products: through the analysis of people’s insurance needs Investigate and design new insurance terms, and the design of insurance terms must take into account people's different needs, and have reasonable pricing, management feasibility, and market competitiveness;

② Calculation of insurance premiums: Determine the price of the policy based on past life statistics, current bank interest rates and expense rates;

③ Calculation of reserves and policy cash value;

④ Adjust premium rates and Amount of insurance: Adjust premium rates and protection levels based on social needs and time to increase attractiveness and competitiveness;

⑤ Review the company’s year-end financial report

⑥ Investment direction Grasp: Evaluate the company's various investments to ensure the safety and profitability of the investment;

⑦ Participate in the company's development plan: Provide effective data support and professional advice for the company's future economic decisions.

Requirements for becoming an actuary

To become an actuary, you must first master some basic courses, such as calculus, linear algebra, probability theory and mathematical statistics, insurance and risk Management etc. Not only that, because actuaries are engaged in careers in the economic field, they must also have a high degree of economic accomplishment and master accounting, finance, economics, computer science and other sciences. In this way, actuaries can have a strong ability to respond to changes in the economic environment. In addition, the career of an actuary also requires mastery of scientific knowledge such as language expression, business writing, philosophy, etc. To obtain the qualification of an actuary, one must pass strict examinations in some subjects and obtain recognition from actuarial organizations. For example, in the United States and Canada, to be a qualified actuary, one must obtain full membership in the Casuality Actuarial Society or the Society of Actuaries. The Actuarial Society of North America is an international organization engaged in research, examination and membership acceptance in the fields of life insurance, health insurance and annuity insurance. It is responsible for a series of examinations from informal members to full members.

The "China Actuary" qualification examination is divided into two parts: associate actuary and actuary. The Associate Actuary Part Examination*** consists of nine required courses. After candidates pass all nine courses, they will obtain the Associate Actuary qualification. The actuarial exam is planned to include ten courses, including compulsory courses and elective courses. Candidates who obtain associate actuarial qualifications must pass the exams in five actuarial courses and meet the relevant actuarial professional training requirements. Only after passing the defense can they obtain the "actuarial qualification". Teacher Examination Certificate”.

It needs to be emphasized that those who have obtained the "Acctuary Examination Certificate" need to go through a special application, and only after review and approval can they practice in commercial insurance institutions in the name of "actuaries".

The China Actuary Qualification Examination is divided into two levels. The first level is the Associate Actuary Qualification Examination, and the second level is the Actuary Qualification Examination.

The purpose of the Associate Actuarial Examination is to examine candidates’ mastery of the basic principles and skills of actuarial science, and involves basic actuarial practices. There are a total of 9 exam courses, all of which are required.

There are ***10 actuarial exam courses, including 3 required courses and 7 elective courses. Candidates must pass the 3 required courses and 2 elective courses. The content of the three required courses mainly involves insurance company operations and management, finance, investment, as well as Chinese insurance industry regulations, taxation, financial systems, etc. The two elective courses are in different directions of insurance business.

The test questions are in the form of standard test questions and written answer questions, and the test adopts a credit system. Candidates who pass all basic course examinations and obtain 270 credits can obtain the associate actuary examination certificate; the actuarial advanced course examination is 130 credits, of which 90 credits are compulsory and 40 credits are optional. After passing the exams in all courses, candidates still need to meet professional training requirements. Candidates must be guided by a senior Chinese actuary, work in the professional field for two years, and have a professional report. Only after passing the defense can they obtain the actuarial exam. Certificate of conformity.

Registration and examination locations: Central University of Finance and Economics, Nankai University, Fudan University, Wuhan University and Sun Yat-sen University

Exam books and purchase methods:

Associated Actuary For exam books, please contact each examination center for book purchase information; for reference books on advanced subjects of the Actuarial Examination and 05G and 07G subjects, please contact the Actuarial Working Committee of the Insurance Industry Association of China. The teaching materials for the China Actuary Qualification Examination still use the "China Actuarial Qualification Examination Books" series published by Nankai University Press. The revised exam books will be published in early August 2006. Candidates can use the revised version as a study reference.