On the Direct Calculation of an Annuity

How to measure life?
Add one year
to one year,
Like a string of pearls,
each successive bead
diminishing slightly,
proportionally.
So that the change
is hardly noticeable
except from a distance.
Let your child weigh each pearl.
That is the weight of your necklace.



On the Calculation of a Perpetuity using Method of Geometric Series...

On November 16, 2016, the first batch of Financial Data Analysts (FDA) Elementary-level was certified by China Association of Actuaries (CAA). 45 candidates gained the FDA Elementary Level certificates.

The certificate-awarding ceremony was held during the 3rd Internet Big Data and Actuarial Innovation Forum in Beijing. The forum was organised by the CAA.

In the coming months, the CAA is planning to promote the training and examinations of the FDA intermediate-level.

On July 29th, 2016, China Association of Actuaries (CAA) announced that it will introduce a new credential named the Financial Data Analyst (FDA) in order to meet the needs of big data analysis in the financial sector.

The new credential has three levels: elementary, intermediate and advanced.

In general, for the certificate of FDA (Elementary Level), the candidates are required to take five face-to-face training courses (from Sep 3rd to Sep 17th), including
(1)Statistical...

On November 24, 2016, China Chief Actuaries Forum was held in Shenzhen, Guangdong Province. The theme of the forum this year was "Focusing on the Innovation of Products, Promoting the Reform of Supply-side".

China Chief Actuaries Forum was organised by China Association of Actuaries (CAA) annually and this was the third forum since 2014. This year the forum was co-organised and sponsored by China Re Life, a subsidiary of China Reinsurance Group.

The 17th China Actuarial Annucal Conference was held in Shanghai on September 23-24, 2016. The theme of the conferene was "Serving the Reform of the Supply-side, Promoting the Value of the Profession". The chairman of China Insurance Regulatory Commission (CIRC), Mr. CHEN Wenhui, the deputy mayor of Shanghai municipal government, Mr. ZHOU Bo, were present and gave speeches at the conference.

China Actuarial Annual Conference was organised by China Associstion of Actuaries...