Actuarial, in short, is to analyze, evaluate and manage the risks that will occur in economic activities by using the knowledge of modern mathematics, statistics, finance and law according to the principles of economics. It is the foundation for the steady operation of insurance, finance and investment. Actuaries are senior financial talents with systematic actuarial education and practical training, as well as professional technology and management skills.
Shi Jianxiang, a professor of financial insurance at Zhejiang Gongshang University, said that actuaries are divided into two levels: actuaries and actuaries. Actuaries of insurance companies are mainly responsible for the development and design of new insurance products, insurance product management and financial management, and are one of the most important talents of insurance companies.
The actuary examination system in China includes Chinese actuaries, British actuaries and North American actuaries. Actuaries in North America are the most authoritative actuary certification system, and probably need 14 courses, covering economics, finance, insurance and so on. This requires a good knowledge of economics and mathematics. At present, there are only more than 30 people who hold the North American actuary certificate in China, and generally work in the headquarters of large enterprises.
Requirements for Chinese actuaries: Any individual, including undergraduates, with a bachelor's degree or above or equivalent educational level can sign up for the Chinese actuary qualification examination. However, under any of the following circumstances, you may not take the Chinese actuary qualification examination: you have been criminally punished; Being subject to administrative punishment for violating financial regulations; Stateless; Other circumstances identified by the CIRC in China that do not meet the requirements for taking the qualification examination of actuaries in China.
Although the application conditions are not high, the actuary exam is very difficult. Among them, the examination contents of quasi-actuaries include 9 subjects, such as "Basic Mathematics", all of which have obtained the qualification of quasi-actuaries. To pass these nine exams, you must have knowledge of calculus and linear algebra, probability theory and mathematical statistics, compound interest mathematics, actuarial mathematics and so on. On this basis, actuaries have to take four additional exams and have certain actuarial work experience before they can obtain actuarial qualifications.
Since 2000, the Chinese actuary qualification examination has been held regularly every year. At present, there are 15 test sites in China actuarial examination (there is no test site in Zhejiang, and the nearest test site is in Shanghai, Department of Mathematics, Fudan University, tel: 02 165642343). By the end of September 2007, there were 90 actuaries in China, and 47/kloc-0 actuaries nationwide. Experts predict that in the next few years, the China market will need at least about 5,000 actuaries.
The starting salary of American actuaries is generally not less than $6,543,800+,and the high salary is several million dollars. In the American salary ranking, the average salary of actuaries has always been among the best. In China, the annual salary of actuaries is generally between 200,000 yuan and 400,000 yuan, and the overseas actuaries or overseas actuaries are worth more than one million yuan or even more. Actuaries are a popular and attractive profession all over the world, which is called "the golden collar in the golden collar". In developed countries, actuaries are not only the core elites of commercial insurance, but also hold important positions in financial investment, consulting and other fields. Fu Anping, the current vice president of China People's Life Insurance Co., Ltd., is the first actuary in China.
Although it is difficult for actuaries to take the exam, many people still aim at it. In an actuary examination forum in China, some posts about the examination guide have hundreds of thousands or even millions of hits, and a simple article "Discipline in the Examination Room of China Actuary Qualification Examination" has more than 3 million hits.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.