Actuary
Job Description
Participate in the design of insurance products, such as special insurance schemes for the elderly, women, ordinary people and certain groups of people
Calculate premium rates and risks
Calculate the probability of mishaps such as death, sickness, injury, disability, unemployment, loss of property, etc.
Evaluate financial risks of the company and give advice on the investment of company funds
Handle legal and taxation matters affecting insurance
Qualities and Qualifications
Possess actuarial, applied mathematics, statistics or relevant academic qualifications
Curious and assiduous, and enjoy studying and solving complicated problems
Have good analytical power
Hardworking
Have initiative
Have good communication skills
Have the knowledge of various actuarial and statistical techniques, investment principles, law and taxation relating to life insurance
Possess qualifications awarded by a recognised institute (the United Kingdom, the United States, Australia, etc.), or its equivalent
Professional Qualifications
At present, local actuarial societies do not offer any professional examination for actuaries. Therefore, actuary trainees must take the professional examinations offered by the actuarial societies of the United Kingdom, Australia or the United States. Candidates should directly obtain the relevant information, such as the examination syllabus, curriculum and list of reference books, from overseas actuarial societies and prepare for the examinations by self-study.