Job analysis:
Actuaries are professionals who use actuarial methods and techniques to solve economic problems. The traditional work field of actuaries is commercial insurance, mainly engaged in product development, liability reserve accounting, profit source analysis and dynamic solvency testing.
Employment requirements:
1. Design of insurance products: Through the investigation of people's insurance demand, new insurance clauses must be designed, taking into account people's different needs, with reasonable pricing, management feasibility and market competitiveness;
2. Calculation of insurance rate: Determine the price of insurance policy according to past vital statistics, current bank interest rate and expense rate;
3. Calculation of cash value of reserves and policies;
4. Adjust rates and insurance coverage: adjust rates and coverage according to social needs and time to increase attractiveness and competitiveness;
5. Review the company's year-end financial report.
6. Grasp the investment direction: evaluate the company's investments to ensure the safety and profitability of the investments;
7. Participate in the company's development planning: provide effective data support and professional advice for the company's future economic decision.
Salary analysis:
According to the American occupational score 1999, actuaries were rated as the best occupations. It is reported that in 2004, the annual income of actuaries in China was more than 654.38+0 million yuan, and it is predicted that the income growth in 2005 will exceed 654.38+0%. At present, Steven Mile of Ping An Insurance Company, the most expensive actuary in China, is estimated to be worth at least 3 million yuan every year.
Position planning:
To become an actuary, you must first master some basic courses, such as calculus, linear algebra, probability theory and mathematical statistics, insurance and risk management. Not only that, because actuaries are engaged in the economic field, they must also have high economic literacy and master accounting, finance, economics and computer science. In this way, actuaries can have a strong ability to respond to changes in the economic environment.
Occupation fee:
199 July 16, China held its first actuarial qualification examination. The examination is divided into two parts: quasi-actuary and actuary. Candidates who pass all nine courses will be eligible to become quasi-actuaries. Candidates who have obtained the qualification of quasi-actuary can pass five actuarial courses and meet the relevant actuarial professional training requirements, and only after passing the defense can they obtain the Qualification Certificate of Actuary Examination.
Employment prospects:
There is a huge gap in actuaries in China.
Due to historical reasons such as the late start of China's insurance industry, actuarial education, especially actuarial education, has been in a blank state for a long time in China. It was not until 1987 that Nankai University and the Actuarial Society of North America established a cooperative project in actuarial science that actuarial education was systematically introduced into China.
In developed countries, actuaries are not only the core elites of commercial insurance, but also hold important positions in financial investment, consulting and other fields. The current situation in China is a shortage of actuaries. Up to now, there are 50 "Chinese actuaries" and 164 quasi-actuaries in China. Experts predict that the China market will need about 5,000 actuaries in the next few years.
Work popularity: ★★★★★★★