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., 21/01/2020
End date
E.g., 21/01/2020

Events calendar

  • 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 will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Stirling: Public Sector Pensions

    M&G Prudential, Stirling Craigforth Campus, Stirling
    30 January 2020

    Spaces available

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

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • KSS event in Edinburgh: Public Sector Pensions

    Hymans Robertson 1, Exchange Place, Semple St, Edinburgh
    30 January 2020

    Spaces available

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

    Speaker: Allan Martin will present this talk on 30 January in Glasgow, Stirling and Edinburgh. If you wish to register for another location please return to the Events Calendar.

  • The Great Risk Transfer – Breakfast briefing and launch event

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

    Fully booked.

     

    Launch of the IFoA’s 2020 thought leadership campaign The Great Risk Transfer. The campaign will examine the trend of the transfer of risk from institutions to individuals, and how people can be better equipped to manage the financial risks they now face. At this breakfast event the IFoA will launch a call for evidence on this topic.

  • Joint IFoA and SOAT Professional Skills Training event - Bangkok

    Thai Life Insurance PCL, 13th Floor, Meeting Room 13/2, 123 Ratchadaphisek Road, Din Daeng, Bangkok 10400, Thailand  
    7 February 2020

    Spaces available

    This session is jointly organised by the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries of Thailand (SOAT).

    Video case studies will be selected from the IFoA’s 2019/2020 online content which covers a range of topics under an overarching theme of “A Trusted Profession”. This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Life, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

     

  • Cyber Risk Event

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

    Spaces available

    What do good cyber practices look like and, to what extent, can we as an industry implement these operationally and recognise these for underwriting?

  • KSS event: Where now for pensions?

    Royal London Group, 1 Thistle Street, Edinburgh, EH2 1DG
    18 February 2020

    Spaces available

    With a single party government at Westminster holding a comfortable majority, and with the first phase of Brexit complete, the potential for radical reforms of the pensions landscape is increased. 

    Former Pensions Minister Steve Webb discusses what changes we can expect to see in pensions including in state pensions, pension tax relief, automatic enrolment and the workplace pension landscape.

  • 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.

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

    New Register House, 3 West Register Street, Edinburgh
    5 March 2020

    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:

  • Highlights of the Life Conference 2019 - London

    America Square Conference Centre, 17, One Crosswall, America Square, London EC3N 2LB  
    11 March 2020

    Spaces available

    This event will cover the highlights from the Life Conference 2019 held in Dublin.. The Conference Committee has reviewed session feedback and has put together a high-quality technical programme featuring the best sessions from the Life Conference 2019.  Book now to ensure your place.

  • Board agenda: Why Responsible Investing, ESG, and Climate Change matters to Pension Funds, Companies

    Staple Inn, 4 High Holborn, Holborn, London. WC1V 6DR, UK
    19 March 2020

    Spaces available

    Recent years have seen ESG, Climate Change, and Responsible Investing thrust onto the corporate agenda in every boardroom. The same also be said for pension funds. Expectations of how companies should respond are high and NEDs on Boards are expected to adapt and adjust their guidance to companies accordingly. What does this mean for Actuaries serving as NEDs and Trustees?

  • KSS event: A Cashless Society- Benefits, Risks, Issues and Developments

    Deloitte, 4th Floor, Saltire Court, 20 Castle Terrace
    19 March 2020

    Spaces available

    Speaker: Iain Collier, Chair of the CSWP

    The talk will look to cover the following: Progression towards a Cashless Society • Developments home and overseas • Benefits, Risks and Issues • Crypto Currencies and Central Bank Digital Currencies.

    There will be an extended Q&A session at the end of the event.

  • Spring Lecture 2020, Edinburgh - Vicky Pryce

    Assembly Rooms, 54 George St, Edinburgh EH2 2LR
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming at Staple Inn - Vicky Pryce

    Staple Inn Hall, High Holborn, London, WC1 V 7QJ
    25 March 2020

    Spaces available

    This event will be live streamed from Edinburgh. 

    What next in Economic Policy? Please join us for our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • Spring Lecture 2020: Live Streaming

    Webinar
    25 March 2020

    Spaces available

    What next in Economic Policy? Please join us on 25 March 2020 for the live stream of our annual Spring Lecture presented by Vicky Pryce in Edinburgh. Vicky is Chief Economic Adviser and a board member at the Centre for Economics and Business Research (CEBR).

  • SIAS Event: CMI Update

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    1 April 2020

    Spaces available

    Following the release of the updated CMI Mortality Projection Model, CMI_2019, the CMI Mortality Projections Committee will lead a discussion on future mortality improvements.

  • 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

    Join us at the IFoA Asia Conference 2020 at CCEC Nexus, Kuala Lumpur where intellectual thought leaders, senior industry players, opinion formers, academics, actuaries and non-actuaries from across Asia and beyond are expected to attend. This year's landmark conference promises to an exciting one as our first Asian President-elect, Tan Suee Chieh will, as newly appointed president of the IFoA, use his presidential address to highlight the two key pillars of the IFoA’s emerging strategy:

    • the reinvention of the profession in terms of its skillsets and mind-sets so that we can thrive in an increasing range of domains in a digital age;
    • the widening application of actuarial science in achieving social impact and sustainability goals.

    We are also delighted to announce that the Honourable Mr. Lim Guan Eng, Minister of Finance, Malaysia, will be the guest of honour at this year's conference.

    Early bird registration is now open until 1 March.  10% group discounts are offered to a minimum of six IFoA members booking in a single transaction.  Limited spaces are available, so please sign-up early to avoid disappointment.