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IFoA in East Asia

Beijing

The IFoA in East Asia

With rapid membership growth and actuarial industry development in the region, we are committed to developing education partnership with universities, encouraging vibrant member communities as well as seeking opportunities to engage with employers and local regulators. We ensure the proactive engagement is delivered through member support, education, regulation, technical influence as well as knowledge transfer.

The IFoA Beijing Representative Office was established in March 2013 which makes the IFoA the first actuarial association to open a representative office overseas. We are now looking after near 1,200 active members in China, Japan and South Korea, with the majority in China.

 

 


IFoA Chinese website

The IFoA China website provides the latest events, news and information throughout your qualification path in English, simplified Chinese and traditional Chinse.

 

There you'll find everything you need to know to help you register, study, plan your qualification route and decide the best career path for you. 

It's the best place to find out what's going on throughout the region from the IFoA.

Visit the IFoA China website


IFoA Council Members in East Asia

Council is the governing body of the Institute and Faculty of Actuaries (IFoA). There are currently two Council Members based in China. 

I have been working in the insurance industry for 19 years. Among them 10 year in UK and 9 years in China. I enjoy tremendously the changes and development of past 19 years of financial industry felt lucky as a participant. For our profession to stay prosperous and active, actively engagement our member can expand the influence of IFoA and promote the actuarial standards and the Actuaries’ Code. I have been working as an IFoA volunteer for many years by taking up different roles. I am passionate about our profession and want to do more for the profession. This is why I stood for Council elections in 2014 and 2019. I am fortunate enough to be elected. I was, am and will always be committed to the IFoA as an international organization with strong roots in the UK.

In the fast-developing digital world, actuaries will need to innovate to stay relevant. We are no longer in the secure box that we used to be. I would like to support the Council to explore how we can better innovate and therefore better equip our current young members and stay relevant. I look forward to working with you all to enhance the diversity, development and harmony of the IFoA.

Cynthia Yuan, FIA

Senior Risk Manager, China Reinsurance (Group) Corporation

 

I hold both Bachelor and Master degrees in mathematics from the University of Cambridge and a Master degree in Actuarial Science from Cass Business School. I won the award ‘Top 30 under 30’ by Actuarial Post in 2012 and the ‘FN 40 under 40 Rising Stars of Asset Management’ by Financial News. In 2018 after incorporating the subsidiary of Redington in China, I was elected as one of the ‘Top 10 elite returnees’ by Shanghai Lujiazui Financial City.

I am always passionate to serve our members and to promote actuarial science. When taking the roles as the President of Chinese Actuarial Network in UK (CANUK), I worked actively to promote the communication and cooperation between actuaries in China and UK. It is a great pleasure and honour to join the Council of the IFoA. I hope our profession will drive continuous innovation and keep bringing values to our members and our industry. I believe the profession will grow its influence in the wider fields by integrating with technology and other skills on a global scale which will ultimately help more people make better sense of the financial future.

Yang Yu, FIA

Managing Director of Redington Ltd, Deputy Chairman of Yu Yuan Technology (Shanghai) Ltd.

 

Being an actuary

Actuaries are experts in risk management. They are very well-respected professionals. Every area of business is subject to risks so an actuarial career offers many options. What really sets actuaries apart, is their natural mathematical, economic and statistical awareness, and their ability to apply this to real business issues.

 

I really appreciate the opportunities of participating in the strategy setting, providing important information to support business decisions, as well as designing products that meet the clients’ demands. Actuaries can and should take a whole picture of the company’s financial operation. Dynamic actuarial management is necessary rather than static calculation. It has extensive relationship with products, financial policies, marketing and final sales. Developments in social environment and technology have raised new challenges to actuaries. Furthermore, actuaries should find new ways to integrate their professionalism with these emerging changes in order to play new roles in the leading trends. During my career as an actuary, I got chances to cover actuarial work from valuation to products, as well as financial planning and marketing. With more than 15 years’ experience and practice in diversified actuarial work, I like the width and depth of this profession. This is the key reason for actuaries to be respected within and outside the companies.

Linjie Li, FIA

General Manager of Product Department, Heng An Standard Life Insurance Company Limited

 

 I enjoy my role in general because the role enables me to solve problems for insurers by team working with other professionals. Though being an actuary no longer has the prestige of automatically making people believe in you, the technical skills certainly add credibility to our arguments provided we can communicate clearly how our arguments are relevant to the questions we are trying to address. Knowing the mechanism of the technical aspects of the issue makes one feel like having insights that the others struggle to grasp, which may make our contribution valuable (sometimes). Our analytical training also enables us to question the question itself, such as whether the question has a bias in the way it is phrased - in this case I wonder why the question should not also ask what I do not enjoy in my role. 

Angelo Wang, FIA
Partner, EY Transaction Advisory Service Inc.

Regional Communities

Our members in East Asia are mainly employed by insurers, consulting firms, reinsurers, investment companies, banks, etc. Most of the head offices are located in Beijing, Shanghai, Shenzhen and Hong Kong, which is aligned with our membership distribution.

Now we have three regional communities in the region: Beijing, Shanghai and Hong Kong. Visit our regional community pages to know how to get involved.

Supporting actuarial employers in East Asia

We are committed to promoting quality assurance at an organisational level to ensure confidence in the work of actuaries in East Asia. Now the Quality Assurance Scheme (QAS) opens application to organisations outside of the UK. For more information, please visit the QAS webpage.

Please contact China@actuaries.org.uk if you or your employer have any feedbacks, queries, or plan to explore potential cooperation opportunities. 

Education Partnership

The IFoA works with top universities in East Asia to ensure the highest quality in actuarial education and talent training.  We have accredited 6 universities in China:

  • University of Hong Kong (HKU), Hong Kong
  • Central University of Finance and Economics (CUFE), Beijing
  • Southwestern University of Finance and Economics (SWUFE), Chengdu
  • Zhongnan University of Economics and Law (ZUEL), Wuhan
  • Dongbei University of Finance and Economics (DUFE), Dalian
  • Antai College of Economics and Management (ACEM), Shanghai Jiao Tong University, Shanghai

View our full list of accredited universities

In China, we also work closely with universities whose actuarial programmes are teaching the IFoA’s curriculum and whose students join the IFoA and sit our professional exams:

  • Shanghai University of Finance and Economics (SUFE), Shanghai
  • Xi’an Jiaotong Liverpool University (XJTLU), Suzhou

If you are interested in becoming an IFoA’s accredited university or looking into possibility of other education partnership, please contact us to find out more.

Become a volunteer

We have more than 60 enthusiastic volunteers based in East Asia. We hold regional technical, networking and professional events and engage with local stakeholders with our volunteers’ support. They are active as Career Ambassadors, CPD Coordinators, members and chairs in China Technical Member Interest Group (MIG), and various other working parties and committees across difference areas such as Life, GI, Solvency II, Aging Population and many more.

 

“As a CPD co-ordinator, I help the IFoA Beijing office organise CPD member events. As the committee member of the IFoA China Technical Member Interest Group, I am now working with other volunteer FIAs to provide a platform for actuaries from all practice areas to be able to discuss issues.” Read the case study

Grace Pei Guan, FIA

Chief Actuary, Generali China

News and events

The IFoA has a wide range of news, events and community activites happening across the region. 

For the latest information visit our china website.

About us

 Please get in touch with us if you have an interest in joining the actuarial profession, or employing actuaries in East Asia.

  Contact details

Beijing Office

Level 14, China World Office

No.1, Jianguomenwai Avenue, Chaoyang District

Beijing, 100004

People’s Republic of China

+ 86(10) 6535 0248

Hong Kong Office

1803 Tower One, Lippo Centre

89 Queensway, Hong Kong SAR

+852 2147 9418 

Wen Li, FIA

Lead Representative of China and East Asia

 

Jing Zhang

Regional Coordinator of East Asia

 

 

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Events calendar

  • Spaces available

    The actuarial profession has much to offer the world of banking. In this second webinar on opportunities for actuaries in banking we have two actuaries sharing their experience. They will talk about the opportunities there are in banking; describing the actuarial aspects of the work they do, the roles they see for actuaries and the skills actuaries can bring to the banking industry. They will share their experiences of how they got into banking as well as give their thoughts on how actuaries can enter the banking profession.

  • KSS event – The Future of the Actuarial Profession with Alan Watson (Glasgow)

    Mercer, 5 George Square, Glasgow G2 1AR
    17 September 2019

    Spaces available

    This KSS talk will explore how the Actuarial Profession is changing by looking at the past, the current and the future; considering what will be the key issues impacting the Profession over the next 20 years and why this will be different from today. Why will areas like data science be important?  What does the future hold for reserved roles? What impact will the Profession have on other professionals?  And much more!

  • KSS event – The Future of the Actuarial Profession with Alan Watson

    Willis Towers Watson 2 Lochrin Square, 96 Fountainbridge, Edinburgh EH3 9QA
    23 September 2019

    Spaces available

    This KSS talk will explore how the Actuarial Profession is changing by looking at the past, the current and the future; considering what will be the key issues impacting the Profession over the next 20 years and why this will be different from today. Why will areas like data science be important?  What does the future hold for reserved roles? What impact will the Profession have on other professionals?  And much more!

  • GIRO Conference 2019

    EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE
    24-26 September 2019
    Spaces available

    GRIO 2019

  • The Future of the Actuarial Profession

    Staple Inn Hall, High Holborn London WC1V 7QJ
    3 October 2019

    Fully booked.

     

    Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.

  • Spaces available

    Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better? 

    It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.

  • RSS/IFoA Data Science Ethics: the role of practitioners

    Royal Statistical Society, 12 Errol St, London EC1Y 8LX
    7 October 2019

    Spaces available

    The Institute and Faculty of Actuaries and the Royal Statistical Society have worked together to develop joint ethics guidance on data science. This is the culmination of an 18 month programme of practitioner led work. 
     
    Join us for the launch of this new guidance, with a high-level panel discussion which will explore the role of data science practitioners and professional bodies in data ethics. 

  • SIAS Event: AGM and talk on a Monetary Approach to Economics

    Staple Inn Hall. High Holborn, London, WC1V 7QJ
    8 October 2019

    Spaces available

    The SIAS Annual General Meeting will commence at 5.45pm and be followed by a talk given by the well known economist and author, Steve Keen, at 6pm. A live webinar will be available. 

  • Career Event - Count Me In

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    10 October 2019

    Spaces available

    This event is aimed at school age young people to encourage then into the profession

    Join us and leading actuarial employers at our free Count Me In STEM careers event in London.  Find out more about a range of rewarding careers in actuarial science and how we are supporting and promoting diversity in the profession.

  • KSS Event – GAD: the 100 year life (Edinburgh)

    KPMG  Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    22 October 2019

    Spaces available

    The Government Actuary’s Department (GAD) marks its centenary this year. George Russell, formerly Deputy Government Actuary, who currently heads up GAD’s Edinburgh office, leading on GAD support to the devolved administrations in Scotland and Northern Ireland, will outline GAD’s development over that period and its range of work today. Having just “celebrated” his 25th anniversary of joining GAD, George will also reflect on some of the challenges and opportunities of advising at the interface of the actuarial and the political worlds.

  • KSS Event – Equity Release Mortgages: The Irish Experience

    Heriot-Watt University, Riccarton campus.
    23 October 2019

    Spaces available

    This is a co-branded KSS/Heriot-Watt University event.  Equity release mortgages (ERMs), also called lifetime mortgages, have played an increasing role in generating income for retired home-owners.  As new liquidity rules have reduced the supply of bank lending, so insurers have stepped in, encouraged by generous regulatory treatment for annuity writers.

  • KSS event – GAD: the 100 year life (Glasgow)

    Barnett Waddingham 163 West George Street, Glasgow, G2 2JJ
    24 October 2019

    Spaces available

    The Government Actuary’s Department (GAD) marks its centenary this year. George Russell, formerly Deputy Government Actuary, who currently heads up GAD’s Edinburgh office, leading on GAD support to the devolved administrations in Scotland and Northern Ireland, will outline GAD’s development over that period and its range of work today. Having just “celebrated” his 25th anniversary of joining GAD, George will also reflect on some of the challenges and opportunities of advising at the interface of the actuarial and the political worlds.

  • Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry

    Staple Inn, High Holborn, London WC1V 7QJ         
    28 October 2019

    Spaces available

    The Sessional Meeting is now fully booked.

    Please click here to register on the waiting list.

     

    The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October.  The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters. 

  • ARC Event: Beyond Proportional Hazards

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    30 October 2019

    Spaces available

    ARC Event: Beyond Proportional Hazards: Statistical methods for assessment of the impact of medical advances and health interventions on longevity and population projections.

    This workshop is being delivered by the Actuarial Research Centre’s (ARC) ‘Big Health and Actuarial Data’ Research Programme.

  • Hot Topics in Health and Care: Networking and Drinks

    Staple Inn, 4 High Holborn, London WC1V 6DR
    4 November 2019

    Spaces available

    This evening will feature two new cases studies that highlight the implications for insurers of issues impacting on health and mortality for life, pensions, and health and care products; Impactability modelling: a worked example in Type II diabetes presented by Josephine Robertson, and Seasonal Mortality in England and Wales 1993-2016 presented by Mary Hall, Dublin City University.

  • SIAS Event: Introduction to the Mortality Research Steering Committee (MRSC)

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    5 November 2019

    Spaces available

    The MRSC is responsible for guiding the profession’s research in the areas of longevity, mortality and morbidity such that it is recognised as a thought leader in this area. It has recently been reviewing what the priorities and have identified 6 areas that we believe are the most important areas of research that should be the current focus and these are:

  • The challenges for AI in Autonomous driving – Professor Andrew Blake

    Royal College of Physicians of Edinburgh, 11 Queen Street, Edinburgh, EH2 1JQ
    11 November 2019

    Spaces available

    In conjunction with the Scottish Board and supporting the IFoA’s focus on data science.

    The IFoA’s Scottish Board have arranged for UK pioneer in Computer Vision and Machine Intelligence, Professor Andrew Blake to speak to delegates on the subject of AI in Autonomous driving. This lecture will focus on safety-critical operation and the computation of risk.  

  • Autumn Pension Seminar

    Grand Connaught Rooms, 61-65 Great Queen St, Holborn, London WC2B 5DA
    13 November 2019

    Spaces available

    Join us for this brand new seminar that brings together our Current Issues in Pensions, Pensions and the Law, and Investment for Pension Actuaries events. The seminar builds on the IFoA’s Annual Pension Conference with sessions covering CDC, TPR’s code of practice, investments, legal updates and Professional Skills Training with a focus on interactive discussion throughout.

  • KSS event: How is Scotland’s population changing and what are the implications?

    Barnett Waddingham, 163 West George Street, Glasgow, G2 2JJ
    14 November 2019

    Spaces available

    The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

    • population statistics
    • life expectancy
    • changes in age structure
    • birth and death rates, including causes of death statistics.
  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Spaces available

    The Life Conference is the premier event for professionals interested in life insurance.  Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.

  • ARC Workshop: Modelling Socio-Economic Differences in English Mortality

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    2 December 2019

    Spaces available

    Purpose
    The workshop will give participants detailed insights into how a large and detailed dataset can be used to assess levels of mortality inequality in England, using a number of novel statistical methods. We will also address the question: are regional variations in mortality real or imaginary?

  • Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP

    Lincoln's Inn The Treasury Office, London WC2A 3TL
    2 December 2019

    Fully booked.

    The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker.  Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies.

  • Autumn Lecture 2019: Live Streaming

    Webinar 
    2 December 2019

    Spaces available

    Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP. 

  • Behavioural Finance Research Launch- 14 January 2020

    Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR
    14 January 2020

    Fully booked.

    We are delighted to announce the launch of the findings from our ARC funded Behavioural Finance research with a special evening event at Staple Inn on Tuesday 14th January 2020. Entitled Behavioural Aspects of Institutional Investment Decision-Making, this research programme is being delivered by City, University of London, Leeds University Business School and Ipsos.

  • Sessional: Impact of E-cigarettes Working Party

    Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ
    24 February 2020

    Spaces available

    This sessional meeting will be of direct interest to actuaries and others working in the in the Health and Care, Life or Pensions sectors or indeed actuaries with an interest in morbidity or mortality.