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Second Major in Actuarial Science (ACS)

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Presentation on theme: "Second Major in Actuarial Science (ACS)"— Presentation transcript:

1 Second Major in Actuarial Science (ACS)
Education Professor KWONG Koon Shing, PhD, FSA, CERA Professor TSE, Yiu Kuen, PhD, FSA

2 Actuarial Science and Actuaries
Actuarial Science applies rigorous probability models to the analysis and management of various risks in organisations By analysing and managing risks, professional actuaries bring financial security to customers, organizations and the public Qualified Actuary is a well-respected professional who receives world-wide recognition and rewards. ACS 2019

3 Working Area Area Application Banking and Financial Services
Deal with product portfolio, capital management and risk analysis Consulting Advise clients on actuarial financial risks Enterprise Risk Management Manage all types of risks at an enterprise or corporate level Health and Retirement Financing Offer advice on social insurance issues Investments and Fund Management Focus on asset risks, hedging strategy and structured finance Pricing & Reserve Design insurance product features and pricing, calculate the reserve requirements Reinsurance Estimate insurance risk for a reinsurer that accept risk from a direct insurance company ACS 2019

4 The Associate of the Society of Actuaries (ASA)
Source: SOA ACS 2019

5 Fellow of the Society of Actuaries (FSA)
Source: SOA ACS 2019

6 Chartered Enterprise Risk Analyst (CERA)
ASA ACS 2019

7 Numbers of CERA, FSA and ASA
Source: SOA ACS 2019

8 29,161 Total SOA Membership by Region in 2017
Source: SOA ACS 2019

9 Primary Area of Practices in 2017
Source: SOA ACS 2019

10 SOA Membership by Age Source: SOA ACS 2019

11 2017 SOA Candidates by Region
Source: SOA ACS 2019

12 2019 ACS Curriculum STAT313 FNCE201 STAT310 STAT311 STAT203 DSA201
DSA201 Statistical Inference for Data Science DSA211 Statistical Learning with R STAT201 Probability Theory and Applications STAT203 Financial Mathematics STAT311 Risk Theory and Loss Models STAT310 Life Contingent Risks or STAT313 Quantitative Risk Analysis ECON111 Microeconomics 1 ECON112 Macroeconomics 1 ACCT101/111 Financial Accounting FNCE101 Finance FNCE102 Financial Instruments, Institutions and Markets or FNCE 201 Corporate Finance STAT313 ECON111 & ECON112 FNCE201 STAT310 ACCT101/111 & FNCE101 & FNCE102/201 STAT311 STAT203 DSA201 DSA211 DSA211 STAT201 ACS 2019

13 VEE VEE for Accounting component and VEE for Mathematical Statistics are subject to SOA approval ACS 2019

14 ACS Graduates ACS 2019

15 Alumni Professional Achievements
Fellowship Alvin Tan Jin Kuan, FCAS Eng Pingni, FSA, CERA Hu Bing, FSA Associateship Chen Zhuchen, Isaac, ASA, CERA Chia Dao Zhe, ASA Chu Nguyen Quynh Anh, ASA Darius Bai Zhi Peng, ASA Duan Bingxu, ASA Guo Jialiang, ASA Ho Xiang Ying, ASA Shi Chaoran, ASA Tan Pei Xian, ASA, CERA Xu Yue Zhi, ASA Yap Hui San, ASA ACS 2019

16 SMU Actuarial Science Network and Alumni Night on 11 January 2019
Actuarial Career Fair held at SMU on 13 February 2019 by Singapore Actuarial Society ACS 2019

17 Thank you www.soa.org www.actuaries.org.uk www.actuaries.asn.au
Thank you


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