You are here

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

 

 

Filter or search events

Start date
E.g., 21/11/2019
End date
E.g., 21/11/2019

Events calendar

  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Fully booked.

    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.

  • KSS event: Climate change, ESG and what it means for Insurers

    PwC Edinburgh, Atria 1, 144 Morrison St, Edinburgh
    2 December 2019

    Spaces available

    Speaker: Pallavi Konwar

    Pallavi has a background in banking and asset management as well as within government. She started her career at Wall Street in New York, where she worked for Citigroup on mortgage securitisations and collateral analysis. Before joining PwC, she worked within the Infrastructure UK team at HM Treasury. where she was responsible for contributing to the National Infrastructure Plan and reporting on the performance and delivery of nationally significant infrastructure projects.

  • Autumn Lecture 2019, London - Dr Kay Swinburne

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

    Spaces available

    We are delighted to announce that Dr Kay Swinburne will deliver this year’s lecture, "It’s not all about the numbers – regulatory challenges for UK financial services post-Brexit"

  • SIAS Event: Discount Rates are Flawed

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

    Spaces available

    This talk will be given by Jon Spain who, as far back as 1983, has been working independently, trying to bring “long-term” back to UK actuarial thinking. His current focus is on discount rates (see discrate.com).

  • A Holistic Study into Cash flow Driven Investment

    Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR, UK
    4 December 2019

    Spaces available

    Given that Cashflow Driven Investment strategy has attracted growing interests from pension funds and insurers at the backdrop of current market conditions and clients’ circumstances, the objective of this event is to gather thought leaders from asset managers, banks and insurers to offer attendees their perspectives and insights on main aspects of consideration when adopting this strategy.

  • Your Actuarial Career: Managing Career Breaks

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

    Spaces available

    Maternity or paternity leave, sabbaticals to study or travel, managing care responsibilities or escaping unemployment – Join Chika Aghadiuno and a panel of IFoA guests including Liz Dimmock, Founder & CEO of Women Ahead (International), and Lee Faulkner, Financial Wellbeing Actuary, First Actuarial, to explore the issues around career breaks from the perspective of an employee and an employer.

  • Sessional Meeting - Silent Cyber Assessment Framework

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

    Spaces available

    The (re)insurance industry is faced with a growing risk related to the development of information technology (IT). This growth is creating an increasingly digitally interconnected world with more and more dependence being placed on IT systems to manage processes. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • CPD Member Event in Shanghai, China

    Function Room, F39, S1 Fuson Group, the Bund Finance Centre, No.600 Zhongshang East 2nd Road, Huangpu District, Shanghai Chinese address:BFC外滩国际金融金融中心,S1复星集团,39层报告厅,上海中山东二路600号
    9 December 2019

    Spaces available

    The IFoA’s President-elect Tan Suee Chieh will visit Shanghai. We will host CPD and Awards Presenting event on Monday 9 December 2019. The event is part of Mr Tan’s first presidential trip to China.

  • Professional Skills Training - London (10 December 2019)

    Staple Inn, High Holborn, London WC1V 7QJ  
    10 December 2019

    Spaces available

    This event will be of interest to students and recently qualified actuaries.

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020.  The content and discussion at this session is particularly tailored to actuarial students and newly qualified actuaries working in any area and the format is interactive, so you should come along prepared to take part in the discussions with your peers.

  • IFoA Joint Member Event with the Sunshine Insurance Group, Beijing China

    Room TBC, Kuntai International Plaza, No.12, Chaowai Street, Chaoyang District, Beijing 地址:会议室待定,北京市朝阳区朝外大街乙12号1号楼昆泰国际大厦
    12 December 2019

    Spaces available

    The IFoA’s President-elect Tan Suee Chieh will visit Beijing. We will co-host CPD and Awards Presenting event with the Sunshine Insurance Group on Thursday 12 December 2019. The event is part of Mr Tan’s first presidential trip to China.

  • ARC Sessional Research Event: Drivers of Mortality - Risk Factors and Inequality

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    6 January 2020

    Spaces available

    The authors will focus on a large dataset obtained from the UK’s Office for National Statistics (ONS) and related sources. Data are available at the level of Lower Super Output Areas (LSOAs) – small geographical areas with, typically, 1000-2000 residents and include death counts, exposures and a significant number of socio-economic variables including the index of multiple deprivation (IMD).

  • SIAS Event: My Journey to Data Science, Big Data and AI

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    7 January 2020

    Spaces available

    Patrick Lee is an actuary who has made the transition to working in software architecture and artificial intelligence (AI). He holds Microsoft Professional qualifications in Data Science, Big Data and AI and is currently working towards a DevOps (the automation of software testing and deployment) qualification. He is a member of the IFoA Council and is also President of the Wessex Actuarial Society. He is also a member of the IFoA and the RSS's joint Data Science Focus Group and will talk on the ethical use of AI. 

  • Spaces available

    This presentation covers the detail for how the matching adjustment is calculated. A small simple example spreadsheet is provided and discussed in detail.

    For actuaries wanting to get more involved with the matching adjustment, this is the opportunity to get a detailed description of the mechanics involved. This includes cashflows derisking, PRA tests as well as hypothecation.

    The presentation is provided by James Sharpe who has worked on a number of matching adjustment calculations with several firms.

  • IFoA Volunteer Recognition Reception

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

    Spaces available

    As a thank you to all our Institute and Faculty of Actuaries (IFoA) volunteers, you are invited to join us at Staple Inn Hall, for an evening of drinks, canapes and networking, in London.

    IFoA President, John Taylor, will be attending and will make a speech

    If you support the IFoA as a volunteer (member or non-member), or in any other role, and you are going to be in London on 15 January, please book your place and join us at this reception.

     

  • Professional Skills Training - London (16 January 2020)

    Staple Inn, High Holborn, London WC1V 7QJ
    16 January 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Sessional Meeting - Operational Risk Dependencies

    Royal College of Physicians of Edinburgh 9 Queen St Edinburgh EH2 1JQ
    20 January 2020

    Spaces available

    The Operational Risk Working Party aims to assist actuaries and others in the modelling and management of operational risk. One of the key challenges in modelling operational risk is the modelling of dependencies between operational risks, and between operational and non-operational risks such as market, credit and insurance risk. Their paper seeks to assist in this regard, and help develop good practice in setting assumptions and modelling operational risk dependencies. 

  • Professional Skills Training - Edinburgh (23 January 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    23 January 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • KSS event in Glasgow: Public Sector Pensions

    Hymans Robertson, Glasgow 20 Waterloo St, Glasgow
    30 January 2020

    Spaces available

    – the unappreciated key assumption, the resulting unsustainable promises, the unmanaged risk and the unrecognised debt? 

    Speaker: Allan Martin

    Come to your local KSS meeting to discover your future tax paying liability, the massive intergenerational transfer you are making and consider your professional public interest undertaking.

  • ARC Sessional Research Event

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 February 2020

    Spaces available

    This sessional will be delivered by members of the research team working on the ARC “Big Health & Actuarial Data’ research programme, led by Professor Elena Kulinskaya (University of East Anglia).

  • Professional Skills Training - London (11 February 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    11 February 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • 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. Note: Registration is from 17.30 in time for the sessional to begin at 18.00.

  • Professional Skills Training - Edinburgh (25 February 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    25 February 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    The sixth annual Asia Conference once again offers a prestigious line-up of home and international speakers discussing the insurance and financial industry’s innovation and change in Asia. This year's conference in Kuala Lumpur will be hosted by Tan Suee Chieh, IFoA’s first Asian President. He will also make his Presidential address at this conference and will expand on the important elements of IFoA’s new strategy. 

    Additionally, this landmark conference will showcase how the IFoA is reinventing itself to support its members to succeed and thrive in a digital age, within traditional businesses and beyond, as a global organisation. 

    No tot be missed by international industry players, opinion formers, academic and industry leaders, actuaries and non-actuaries.