Idea Exchange

Pacific Rim Actuarial Dinner + SOA/CAA Executive Education Exchange Program April/May 2017

Above: Attendees from the first SOA/CAA Executive Education Exchange program, held last year in the United States, gained a global perspective on managing risk.

Whether you travel the world or never leave your home country, you are affected by global organizations, international requirements and the increasingly international nature of the actuarial profession itself. Here is some news from around the world.

Pacific Rim Actuarial Dinner

(From left to right) Hubert Yan; Sheng Tseng, FSA, FCIA; Fiana Kwok, FSA, FCIA (current secretary of PRACT); and Mercy Yan, FSA, FCIA, MAAA (former president of PRACT); enjoyed time together at the Pacific Rim Actuarial dinner.

Society of Actuaries (SOA) President-Elect Mike Lombardi, FSA, FCIA, CERA, MAAA; SOA board member August Chow, FSA, FCIA, CERA; and SOA staff fellow for Canadian membership Ben Marshall, FSA, FCIA, CERA, MAAA; attended the 24^th Annual Chinese New Year Meeting, which was held during the dinner hosted by the Pacific Rim Actuaries Club of Toronto on Feb. 22 in Toronto.

During the live panels, Marshall spoke about SOA initiatives in the Pacific Rim regions, lessons learned and plans for 2017. His speech was titled “What’s Up in the Pacific Rim—SOA in 2017 and Beyond,” and it was prepared by Ann Henstrand, SOA senior director, Asia and Latin America. Chow provided a presentation titled “The China Insurance Market,” which was prepared by Jessie Li, FSA, SOA lead China representative. Chow examined various aspects of the China insurance market, including market growth, regulatory development, key players, product development and distribution channels in China.

2017 SOA/CAA Executive Education Exchange Program

The Society of Actuaries (SOA) and the China Association of Actuaries (CAA) held the second Executive Education Exchange program, March 25–April 2, in China.

In April 2016, the SOA hosted chief actuaries and actuarial department heads from China during the first SOA/CAA Executive Education Exchange program. The program was designed to facilitate information exchange, strengthen the profession in both countries, and solidify relationships between the SOA, the CAA, and actuaries and employers in both countries.

Attendees at the 2017 SOA/CAA Executive Education Exchange program experienced small group and one-on-one meetings with actuarial leaders in China and gained a global perspective on managing risk. The program was designed to provide attendees with a deep understanding of the Chinese insurance market, including growth drivers and development, and it included meetings with insurance regulators, university representatives and insurance companies.

For more information, please contact Ann Henstrand, SOA senior director, Asia and Latin America, at ahenstrand@soa.org.