Property/casualty actuarial exams in China

[DW Simpson]

http://www.casact.org/newsletter/ind...iewart&id=5451

In recognition of these growing actuarial responsibilities, the new Chinese Actuarial Association (CAA) is expected to be chartered this autumn. For its nonlife specialty, the CAA will have nine Associateship exams covering mathematics, interest and risk theory, economics, nonlife theory and practice, and nonlife pricing and reserving. An additional five exams will be required for Fellowship.

[Sherwin]

The name is a little strange. The actuarial organization of China has the most possibility to be named as Society of Actuaries of China (SAC). Its members include Associates (ASAC) and Fellows (FSAC). Like many other counties in the world, rather than the US, there will be only one actuarial organization in China. Different Committees will set up in the Society, such as Life Insurance Committee and General Insurance Committee, etc.