07Oct2016
Author
SOA Blog
Category
Actuarial Science, Asia
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The SOA held the Inaugural SOA China Annual Symposium

The Society of Actuaries (SOA) held the Inaugural China Annual Symposium in Beijing from September 1st to 2nd. The symposium brought together actuaries, leaders, scholars and professionals in the industry and addressed the most relevant topics in the area, such as asset liability and investment strategies, health and pension insurance, enterprise risk management, innovation and internet insurance.

The main educational objective of the symposium was to share best practices with participants and create opportunities for the growth of actuarial professionals. During the two days of events, candidates and members in China were able to communicate and network through this platform and share their experiences in the actuarial, finance and insurance industry.

The symposium consisted of two keynote speeches and nine diverse and professional sessions focusing on the impact of future macro environment on the insurance industry, downside risk management, and pension insurance trends in China. Shanwen Gao, Chief Economist of Essence Securities and Deyun Cao, Executive Vice Chairman & Secretary-General of IAMAC, were this year’s keynote presenters and both provided valuable industry insights. Other speakers addressed the main challenges facing the insurance industry in China and globally, as well as case studies and solutions to these issues.

“The SOA was pleased to host The Inaugural SOA China Annual Symposium this fall in Beijing,” said the Genghui Wu, SOA Board of Director member and chair of SOA’s International Committee. “The SOA has witnessed a rapid growth of actuarial industry in China, and we consider China as one of the most important global markets. Currently, we have 773 members in mainland China and the number will continue to grow since the SOA now provides both life insurance and general insurance actuarial education to Chinese candidates for their overall development. We will also continue building effective relationships with other organizations such as the China Association of Actuaries to better serve our members in China. The SOA’s vision is to continuously support our members in obtaining relevant global perspectives and advanced skills to cope with more complex issues in the future.”

 

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