SCHAUMBURG, Ill., April 18, 2016 /PRNewswire-USNewswire/ -- The Society of Actuaries (SOA) recently hosted chief actuaries and actuarial department heads from China, as part of an executive training exchange program with the China Association of Actuaries (CAA). Members and staff from the CAA participated in a variety of meetings with SOA from April 3 through 15 in New York, Connecticut and Washington, D.C.
"Actuarial work grows increasingly global each year, and actuaries can benefit from learning more about actuarial issues and practices in each other's countries," said SOA President Craig Reynolds, FSA, MAAA. "This program was designed to facilitate an information exchange that can strengthen the profession in both countries, while simultaneously solidifying relationships between the SOA and the CAA."
The exchange program participants met with actuarial employers, organizations and institutions, including St. John's University, Aetna, AIG, MetLife, Prudential, the Federal Reserve, the Federal Insurance Office, Columbia University, the University of Connecticut, Haven Life, TIAA-CREF, Milliman, Towers Watson, and the American Council of Life Insurers.
"This exchange program will help enhance relationships and cooperation between actuaries from companies in China and U.S. and the industry," said Chen Dongsheng, President of the China Association of Actuaries. "The discussions from this program will help in understanding developments within the international insurance market."
Visit the online gallery of images from the executive training exchange program.
In the summer of 2015, the SOA and CAA signed a memorandum of understanding, which outlined opportunities to communicate and work together, such as on training and research. In the near future, members from the SOA will participate in a similar type of executive training trip to China.
About the SOA
With roots dating back to 1889, the Society of Actuaries (SOA) is the world's largest actuarial professional organization with more than 26,000 members. Through research and education, the SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal challenges. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk. www.SOA.org
Michael Nowak, Senior Content Specialist
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SOURCE Society of Actuaries