Excuse me, I want to be an actuary, what should I prepare now?

Hehe, I'm studying actuarial science That's how the actuary exam is equivalent to taking the entry certificate of the actuary association, and many countries in the world have actuary associations, but the most internationally recognized is the North American Association of Actuaries, and the British ones are also good, and these exams are in English, and there is also an actuary in China, but it is not very recognized internationally, and actuaries are also divided into life insurance actuaries and non-life insurance actuaries There are several different exams to be taken.

The actuary exam is very difficult, and I'm preparing for the actuary exam in North America, which is SOA, and there are more exams for basic courses and advanced courses, and there are some courses that can be taken without exams after getting credits, and there are 5 basic courses: probability, financial mathematics, life contingencies, financial economics, construction and evaluation.These are textbooks, but they are all in English, not in Chinese, and you can go to the Society of Actuaries of North America to find them. It seems that you can buy them, but those books are very expensive, and the advanced courses are all online courses.

In short, it is a long and arduous road to take the actuary exam, and the cost is not small, the cheap one is close to a thousand yuan, and the expensive one is several thousand, it is better to think carefully before making a decision, I wish you all the best

Generally speaking, there are Chinese actuaries, British actuaries, North American actuaries, if you have good English, it is best to take the North American actuary, the British actuary has more subjective questions, not very easy to test, the recognition of Chinese actuaries is definitely not as good as abroad, once you decide which to take the test, the bibliography is very easy to search, I will not list it here.

You have to be prepared to endure hardships, generally speaking, there are Chinese actuaries, British actuaries, North American actuaries, if you are good at English, it is best to take the North American actuary, British actuaries have more subjective questions, not easy to test, the recognition of Chinese actuaries is definitely not as good as abroad.

Look at the book of statistics.

If you are studying in Canada, if you are taking the certificate, you should be taking the North American exam.

You can review it yourself now and take the first statistics test in North America.

1. Choose a prestigious actuarial school

Candidates should first choose a good actuarial school for the corresponding professional study, in China, there are many relevant actuarial schools, such as Peking University, Tsinghua University, Burden, Zhongcai, Shangcai, etc., everyone can consider the choice, after choosing a famous school, according to the guidance of the tutorial materials and teachers to learn the relevant knowledge points of actuaries, master more actuary knowledge.

2. Sign up for the actuary exam

Applying for actuarial professional knowledge in a prestigious school is nothing more than preparing for the actuarial examination, as a candidate, you choose the right subjects to match, and strive to successfully pass the actuarial examination in a short period of time, and obtain the actuary qualification certificate. Passing the actuary examination not only proves the candidate's personal strength, but also improves the personal professional level and enhances self-worth.

3. Find an internship job and have rich work experience

For candidates who have successfully passed the actuary, they should find an internship job as soon as possible to further improve their professional ability, work ability and rich work experience. Especially for the big.

Second, junior year candidates, it is best to take advantage of the winter and summer vacations to find the corresponding actuarial internship job, which will be of great help to future employment.

4. Officially enter the actuarial position

Before becoming an actuary, you need to be prepared to study hard in addition to work, as long as you continue to prove yourself through certification, you can really become a qualified actuary.

Job description. 1. The design of insurance products: through the investigation of people's insurance needs, new insurance terms are designed, and the design of insurance terms must take into account the different needs of people, with the rationality of pricing, the feasibility of management and the competitiveness of the market.

2. Calculation of insurance rate: according to the past life statistics, current bank interest rate and expense rate, etc., to determine the first policy of the policy.

3. Calculation of reserves and cash value of insurance policies.

4. Adjust the premium rate and the sum insured: Adjust the premium rate and the degree of protection according to the needs and time of the society to increase the attractiveness and competitiveness of the enterprise.

Chinese Actuary Examination Subjects and Reference Books.

01 Fundamentals of Mathematics

Bibliography. 1.Lecture Notes on Advanced Mathematics (Part 2: Mathematical Analysis) edited by Fan Yingchuan, Higher Education Press.

2.Linear Algebra, Hu Xianyou, Sichuan People's Publishing House.

3.Operations Research (Revised Edition), 1990, Textbook Writing Group of Operations Research, Tsinghua University Press.

02 Fundamentals of Mathematics

Bibliography. 1. Probability Theory and Mathematical Statistics, edited by Mao Shisong and Zhou Jiqian, China Statistics Press, July 1996, 1st edition.

2. Statistics** - Methods and Applications, edited by Yi Danhui, China Statistics Press, April 2001, 1st edition.

03 Compound Interest Mathematics.

Bibliography. 1.Interest Theory (Book for the Chinese Actuary Qualification Examination), edited by Liu Zhanguo, Nankai University Press, September 2000, 1st edition.

04 Actuarial Mathematics for Life Insurance.

Bibliography. Editor-in-Chief of Actuarial Mathematics of Life Insurance (Chinese Actuary Qualification Examination), Nankai University Press, September 2001.

05 Risk Theory.

Bibliography. Risk Theory and Actuarial Science of Non-life Insurance (Chinese Actuary Qualification Examination Book) edited by Xie Zhigang and Han Tianxiong, Nankai University Press.

06 Life Table Basics.

Bibliography. The Structural Theory of Life Tables (Chinese Actuary Qualification Examination Book), edited by Zhou Jiangxiong, Liu Jianhua and Li Yingfang, Nankai University Press, March 2001, first edition.

07 Actuarial Practice of Life Insurance.

08 Actuarial Practice of Non-Life Insurance.

Bibliography: Risk Theory and Actuarial Science in Non-Life Insurance (Chinese Actuary Qualification Examination Book) Xie Zhigang and Han Tianxiong, eds., Chapters 1 3, 9 12, Nankai University Press, September 2000, 1st edition.

Assessment of Non-Life Insurance Liability Reserves (Learning Materials for Chinese Actuary Examination Courses) Xie Zhigang, ed., 2005.

09Comprehensive economic foundation.

2 Money and Banking, by Yi Gang and Wu Youchang, Shanghai People's Publishing House, September 1999, 1st Edition: Chapters 1 to 12, Chapters.

3 General Theory of Financial Markets and Institutions Frank JFabergs et al. (2nd Edition), translated by Kang Weihua, Dongbei University of Finance and Economics Press, June 2000, 1st edition.

4 Financial Accounting, Chen Xinyuan, Editor-in-Chief, Yao Jie, Lu Zhengfei, Deputy Editor-in-Chief, Higher Education Press, July 2003, 1st Edition.

In fact, the scope of an actuary's work is very wide, including:

The design of insurance products: through the investigation of people's insurance needs, new insurance terms are designed, and the design of insurance terms must take into account the different needs of people, with the rationality of pricing, the feasibility of management and the competitiveness of the market;

Calculation of insurance premiums: based on past life statistics, current bank interest rates and expense ratios, etc., to determine the policy rate**;

Calculation of reserves and cash value of policies;

Adjust the premium rate and sum insured: adjust the premium rate and the degree of protection according to the needs and time of the society to increase the attractiveness and competitiveness of the enterprise;

Review the company's year-end financial report.

Grasp the investment direction: evaluate the company's various investments to ensure the safety and return of the investment;

Participate in the company's development plan: provide effective data support and professional advice for the company's future economic decisions.

Actuaries are a very recognizable and popular profession abroad, although there are not many actuaries in China, but the development prospects are considerable. However, it should be noted that not everyone can be an actuary, so what are the requirements to become an actuary? Read on.

Who is suitable for an actuarial major?

Have some mathematical ability.

Literally, many people will think of "actuarial science" as a student who has relatively high requirements in terms of mathematical ability and a relatively high score in mathematics tests, but in fact it is not what everyone thinks. Disguise.

Although the actuarial major has certain requirements for the arithmetic ability of mathematics, the requirements are not as high as everyone thinks, and the ability only needs to have the strength of science. For students who prefer liberal arts, it is recommended not to enroll in actuarial science majors.

A person with a meticulous personality.

We all know that the content of actuarial science majors is related to arithmetic, and after graduation, the work will also involve a lot of data processing, data calculation, etc., so in terms of requirements, Li Hechun must also be calm, serious and meticulous in character, in order to do well in actuarial work, you must have firm willpower and a certain degree of patience, for people with lively and active personalities, it is not suitable for actuarial majors.

What are the requirements to become an actuary?

Pass the Actuary Qualification Examination.

There is no doubt about this, actuaries have special corresponding qualification exams, and if you want to become an actuary, you must first pass the actuary qualification examination. Nowadays, around the world, there are different number of test centers for actuary qualification exams, and candidates can register according to their region. Generally, it takes about 6 years to obtain the actuarial qualification certificate, and because the duration is relatively long, candidates must be prepared for the exam.

Professional counterpart.

Although actuaries do not have strong requirements for their professions, it is recommended that they should be matched in terms of specialization. Since actuaries have certain requirements for actuarial and mathematical abilities in their daily work, it is more suitable for actuaries to study actuarial science, statistics and other fields. In addition to mathematical statistics and calculations, in order to become a qualified actuary, you may have strong analytical and business skills.

To become an actuary, you need to learn two stages of exam content - the associate actuary stage and the actuary stage, obtain the actuary certificate, in addition, you also need to learn actuarial related mathematics, statistics, economics, finance and financial management and other professional knowledge.

What you need to learn for the actuary exam.

Actuaries are divided into two stages: associate actuaries and actuaries. Among them, there are eight subjects at the prospective actuary stage, namely "Mathematics", "Financial Mathematics", "Economics", "Actuarial Modeling", "Actuarial Management", "Life Actuarial Science", "Non-Life Actuarial Science", and "Accounting and Finance". Candidates who have completed all eight courses will be qualified as an Associate Actuary.

At the actuary stage, there are 10 subjects, namely Insurance Law and Related Regulations, Financial Management of Insurance Companies, Health Insurance, Investment, Actuarial Practice of Individual Life Insurance and Annuity, Asset and Liability Management, Employee Benefit Planning, Actuarial Practice of Non-Life Insurance, Pricing of Non-Life Insurance, and Assessment of Liability Reserve for Non-Life Insurance. Candidates who have obtained the qualification of associate actuary can obtain actuary qualification by passing the examination of five actuarial courses and meeting the relevant actuarial professional training requirements.

What does an actuary need to do.

Actuaries are responsible for the development and design of new insurance products, product management and financial management, etc., and are responsible for assessing the future financial risks of economic activities, and analyzing and evaluating the impact of uncertain cash flows in insurance, finance and other fields on future financial conditions.

Actuary Career Prospects.

Actuaries are the core talents of the core departments of insurance companies, with extremely high status, power and responsibilities, and good employment prospects.

And the salary level of actuaries is also considerable, for people who have just entered the industry, as long as they can successfully obtain the actuary qualification certificate, their annual salary in first-tier cities can generally reach the level of 100,000 yuan, and for some actuaries with certain work experience and deep qualifications, their annual salary will reach more than 300,000 yuan.

1. Actuary belongs to a class of mathematics professionals, and he is now an important position in the insurance industry. It is mainly engaged in the calculation of insurance premiums, compensation reserves, dividends, insurance amounts, pensions, annuities, etc. Actuaries use their knowledge of mathematics, statistics, economics, and more to deal with the unknown in insurance companies.

To become an actuary, one must pass a rigorous exam. There are very few actuaries in our country, and there is a huge talent gap.

2. Actuaries refer to the mathematical professionals employed by insurance companies, mainly engaged in the calculation of insurance premiums, compensation reserves, dividends, insurance amounts, pensions, annuities, etc. The calculation is based on the claims reference table and accounting standards, and the operating conditions of the insurance company. This ** is based on the experience of the Company and its peers in claims and relevant statistics.

3. Examination setting: On July 16, 1999, the China Insurance Regulatory Commission issued Announcement No. 9, announcing the holding of China's first actuary qualification examination. Candidates are eligible to apply for the exam:

Prospective Actuaries who have completed the 100 series of examinations of the Actuarial Society of North America or the A-D series of courses of the British Actuary Examination before 1996, and have certain experience in actuarial science. There are 60 qualified candidates, most of whom are engaged in actuarial practice in insurance companies (Chinese-funded, foreign-funded and Sino-foreign joint ventures) in China, and the rest are mainly engaged in actuarial education in colleges and universities or working in the social security department. A total of 43 people passed the examination and were awarded the China Actuary Qualification Certificate by the China Insurance Regulatory Commission.

This is an actuary qualification examination for existing insurance actuarial practitioners, marking the beginning of China's actuarial qualification system and the birth of the actuarial profession in China.

4. Here, it should be emphasized that those who have obtained the actuary examination certificate must go through a special application, and can only practice in the name of an actuary in a commercial insurance institution after examination and approval. In order to promote the development of the actuary professional system, after more than five years of planning and preparation, the Association held six courses in the Chinese Actuary Qualification Examination for the first time from December 15 to 17, 2000, with a total of 474 people signing up.