2018 China Actuarial Teaching Conference (ATC)

The ATC provides an opportunity for all faculty members engaged in actuarial teaching to come together, participate in learning sessions, share ideas, network with each other, and learn more about the SOA and the actuarial profession.

There were 38 university faculty members from 22 universities that registered for the very first China Actuarial Teaching Conference (ATC) which took place on July 6, 2018 in Qingdao, China. 

China Actuarial Teaching Conference (ATC) Group Photo

 

 

Presentations

 

SOA Overview and University Programs

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SOA Academic Administrator will present information on university-related SOA initiatives.

Presenter: Tiffany Tatsumi, Society of Actuaries

 

 

The Certified Actuarial Analyst Credential

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SOA Managing Director or Education will share information on the Certified Actuarial Analyst (CAA) qualification.

Presenter: Ken Guthrie, Society of Actuaries

 

Overview of ASA Curriculum Changes

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Information will be provided about the changes to the Associate of the SOA curriculum.

Presenter: Tiffany Tatsumi, Society of Actuaries

 

SOA Predictive Analytics Initiatives

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Information will be shared about the SOA’s new Predictive Analytics Exam and predictive analytics certificate program.

Presenter: Ken Guthrie, Society of Actuaries

 

Incorporating Predictive Analytics in an Actuarial Curriculum

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    In this talk, we first review the revamp of our actuarial curriculum at the Chinese University of Hong Kong in response to the SOA’s 2018 ASA and CERA Curriculum Changes. Then, we shall share some of our experience in teaching predictive analytics through a case study using R with the audience.

    Presenter: Wai Sum Chan, Chinese University of Hong Kong

     

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    Professor Frees will describe University of Wisconsin - Madison's approach to incorporating predictive analytics into an actuarial curriculum. First, beginning with the foundations, he will discuss recent changes made to incorporate the role of the statistical package "R" and the related changes to the loss models sequence (now dubbed "loss data analytics"). Second, he will describe the core of analytics which at Madison is a continually evolving course on regression and a related course on health analytics. Third, he will introduce considerations of advanced (for undergraduates) analytics based on the development of a predictive modeling book series and plans for new course on statistical learning.

    Presenter: Jed Frees, University of Wisconsin-Madison

 

Active Learning in an Actuarial Curriculum

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Active learning is a phrase used by educators to mean an approach to classroom activities in which students engage the material they study through reading, writing, talking, listening, and reflecting. In contrast, a traditional instructor is sometimes referred to as the "sage on the stage," where the teacher does most of the talking and students are passive. In this presentation, Professor Frees will describe experiments of integrating "flipped" and "blended" approaches into actuarial science classes. He will also summarize efforts at integrating online web tools into the curriculum, tools that not only supplement the curriculum but also allow educators to reach broader audiences who have diverse learning aptitudes.

Presenter: Jed Frees, University of Wisconsin-Madison

 

Multiple-Solution Problems in an Actuarial Science Classroom: An Example

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The mathematics education literature shows that encouraging students to develop multiple solutions for given problems has a positive effect on students’ understanding and creativity. In this talk, we present an example of multiple-solution problem involving a set of nontraditional dice. In particular, we consider the exact probability mass distribution for the sum of face values. Four different ways of solving the problem are discussed. The solutions span various basic concepts in different mathematical disciplines (sample space in probability theory, the probability generating function in statistics, integer partition in basic combinatorics and individual risk model in actuarial science) and thus promotes actuarial students’ awareness of knowledge connections between their courses. All solutions of the example are implemented using the R statistical software package.

Presenter: Wai Sum Chan, Chinese University of Hong Kong

 

Emphasizing Communication Skills in an Actuarial Curriculum

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Communication is important for any science and, as a discipline supporting a business profession, is arguably even more important in actuarial science. This presentation will emphasize three aspects of communication. First, Professor Frees will discuss communication in the context of written reports, focusing on communicating numerical concepts in the context of graphs and tables. Second, he will highlight methods of encouraging students to communicate with their peers in the context of classroom activities including student presentations, teamwork/interactive learning, and so forth. Third, he will describe efforts for enhancing communication skills in terms of having students develop videos, a medium that combines elements of report writing and interactive peer-to-peer communication.

Presenter: Jed Frees, University of Wisconsin-Madison

Back

Legend

Communication

Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.

Professional Values

Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.

External Forces & Industry Knowledge

Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.

Leadership

Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.

Relationship Management & Interpersonal Collaboration

Creating mutually beneficial relationships and work processes toward a common goal.

Technical Skills & Analytical Problem Solving

Applying the actuarial knowledge, skills and judgment required to provide value-added services.

Strategic Insight & Integration

Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.

Results-Oriented Solutions

Providing effective problem solving that addresses relevant interests and needs.