Second Major in Actuarial Science ACS Education Professor

Second Major in Actuarial Science (ACS) Education Professor KWONG Koon Shing, Ph. D, FSA, CERA Professor TSE, Yiu Kuen, Ph. D, FSA

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 2

Working 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 Estimate insurance risk for a reinsurer that accept risk from a direct insurance company Reinsurance ACS 2019 3

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

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

Chartered Enterprise Risk Analyst (CERA) ASA ACS 2019 6

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

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

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

SOA Membership by Age Source: SOA Number 2017 SOA membership by age 9416 6952 6014 3686 2251 833 <26 ACS 2019 26 -35 36 -45 Age groups 46 -55 56 -65 >66 10

2017 SOA Candidates by Region ACS 2019 Source: SOA 11

2019 ACS Curriculum 1. DSA 201 Statistical Inference for Data Science 1. ACCT 101/111 Financial Accounting 2. DSA 211 Statistical Learning with R 2. FNCE 101 Finance 3. STAT 201 Probability Theory and Applications 3. FNCE 102 Financial Instruments, Institutions and Markets or FNCE 201 Corporate Finance 4. STAT 203 Financial Mathematics 5. STAT 311 Risk Theory and Loss Models 6. STAT 310 Life Contingent Risks or STAT 313 Quantitative Risk Analysis ECON 111 & ECON 112 ACCT 101/111 & FNCE 102/201 7. ECON 111 Microeconomics 1 STAT 203 8. ECON 112 Macroeconomics 1 STAT 201 ACS 2019 FNCE 201 STAT 31 3 STAT 310 STAT 311 DSA 201 DSA 211 12

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

ACS Graduates ACS 2019 14

Alumni Professional Achievements Fellowship Associateship 1. Alvin Tan Jin Kuan, FCAS 1. Chen Zhuchen, Isaac, ASA, CERA 2. Eng Pingni, FSA, CERA 2. Chia Dao Zhe, ASA 3. Hu Bing, FSA 3. Chu Nguyen Quynh Anh, ASA 4. Darius Bai Zhi Peng, ASA 5. Duan Bingxu, ASA 6. Guo Jialiang, ASA 7. Ho Xiang Ying, ASA 8. Shi Chaoran, ASA 9. Tan Pei Xian, ASA, CERA 10. Xu Yue Zhi, ASA 11. Yap Hui San, ASA ACS 2019 15

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 16

www. soa. org www. actuaries. org. uk www. actuaries. asn. au www. actuaries. org. sg https: //ceraglobal. org/ Thank you