Actuary application conditions:
Anyone with a bachelor's degree or above or equivalent, including undergraduates, can sign up for the China Actuary Qualification Examination. However, under any of the following circumstances, you may not take the Chinese actuary qualification examination:
(1) Having received criminal punishment;
(2) Being subject to administrative punishment for violating financial regulations;
(3) Stateless;
(4) Other circumstances that are determined by the China Insurance Regulatory Commission as not meeting the requirements for taking the domestic actuary qualification examination.
Actuaries are mathematical professionals employed by insurance companies, mainly engaged in the calculation of insurance premiums, compensation reserves, dividends, insurance coverage, pensions, annuities and so on. Its calculation basis comes from the claim reference table and accounting standards, as well as the operating conditions of insurance companies. This table is based on our company's and peers' claims experience and related statistical data.
The qualification examination for actuaries in China has been implemented since 1999. From June, 5438 to February, 2000, China Actuaries Association held six courses of China Actuary Qualification Examination (quasi-actuary part) for the first time, and 474 people signed up. In 2008, the Chinese Actuaries Association decided to adjust the certification system of China's actuary qualification examination and implement 20 1 1. 20 10 12 The Chinese Actuaries Association became a member of the International Association of Actuaries (IAA), which indicated that the qualification examination system for actuaries in China was internationally recognized. Obtaining the qualification of Chinese actuary (quasi-actuary) in the future means greater space and opportunities for actuarial career development. March 17, Chinese association of actuaries (CAA) and British association of actuaries (I&: FA) The signing of the Memorandum of Mutual Recognition of Actuarial Examination marks a substantial step in the internationalization of China's actuarial qualification examination.