Financial actuaries are professionals who analyze risks and quantify their financial impact. They comprehensively use their professional knowledge and skills in mathematics, statistics, economics, finance and financial management to analyze and evaluate the influence of uncertain cash flow in insurance, finance and other fields on future financial situation. This article will introduce the major that financial actuaries need to study.

Mathematics and statistics major

Students should study mathematical analysis, linear algebra, probability theory and mathematical statistics, statistics, practical regression analysis, multivariate statistical analysis, time series analysis and other courses.

Economics major

We should study macro and micro economics, accounting, finance, econometrics and so on.

Actuarial specialty

Life insurance actuarial, non-life insurance actuarial, reinsurance, financial mathematics, actuarial practice, etc.

Programming major

Excel, SAS, Oracle, Vba, Mysql and other database tools and C language.

Difficulty of actuary examination

Judging from the past years' examinations, the Chinese actuaries' examinations are very difficult and the passing rate is low. The quasi-actuary qualification examination includes eight compulsory courses, and candidates can only obtain the quasi-actuary qualification certificate if they pass all the examination subjects. The actuary qualification examination consists of ten courses, including compulsory courses and elective courses.