2018 Board Member Candidate
Ling-Ling Wang, FSA 1994, MAAA, CERA
West Des Moines, Iowa
I am proud to be an actuary. My career has ranged from traditional U.S. actuarial work, to international actuarial work, to international regulatory work. In 2017, I was awarded the SOA President’s Award for my contribution to the actuarial profession in China. I am a recent retiree and would like to dedicate more time to volunteering for the SOA. By serving on the board, I hope to give back to the profession and help shape the future of the SOA.
I am optimistic about the future adaptability of our profession. During 2015-2016, I was fortunate to serve on the SOA Strategic Planning Task Force that developed the 2017-2021 strategic plan. This forward-looking plan takes a proactive approach in addressing emerging issues that actuaries are facing in today’s rapidly changing landscape. Some of the key objectives for the plan include:
- Incorporating evolving technology (i.e. predictive analytics) into the Actuarial curriculum
- Respond quickly to the changes in economic and financial environments
- Ensure that members develop relevant global perspectives
- Provide targeted support for non-North American members and candidates.
I believe this new strategy will have a positive impact on our profession in the future, and will enable the actuarial profession to maintain relevance for key stakeholders. Moving forward, I am eager to have the opportunity to be involved in the execution phase of the plan.
If elected, I believe I would bring a relevant global perspective and a diverse set of experiences to the Board. With a proven record of leadership, I hope to help SOA better serve its members. I am honored to be an endorsed candidate for the Board and would be very grateful to have your vote. Thank you for your support.
Brief description of current work
Prior to my retirement, I spent thirteen years working for some of the leading Chinese insurance companies in a Chief Actuarial capacity. I was actively involved in the regulatory rule setting both at the local level (ex. C-ROSS) and at the international level (ex. IAIS ICS). I often had to reshape the actuarial functions within the company to provide better support for my employers, with a different strategic focus for each company. I helped to advance the relatively new actuarial profession locally by focusing my leadership and managerial approach to both team building and staff coaching.
Primary Area of Practice
I have been fortunate to have had a variety of professional experiences throughout my career. My career path to this point has spanned 28 years in markets from U.S., Latin America and China. This has included working with start-ups, mid-sized as well as large insurance companies, and eventually to have worked most recently with a diversified financial group. Subsequently, I have worked in both traditional and non-traditional actuarial roles.
Before retirement in June of 2017, I served as the Deputy Chief Actuary of Ping An Insurance (Group) Company of China, which is a widely diversified financial group with a G-SII (Global Systemically Important Insurers) designation. I had the responsibility for coordinating and supervising actuarial functions group wide. I built up the actuarial team and the group actuarial functions focusing on capital and solvency, actuarial risk control, and research. While at Ping An, I was actively involved in the rule setting stage at the international level (ex. IAIS G-SII related regulations) with the goal of identifying and considering issues that would specifically impact the China insurance industry. I also served on the BODs for three insurance subsidiaries of Ping An Group.
Prior to joining Ping An in 2012, I served as VP and Chief Actuary of Taikang Life Insurance Company in Beijing and the Chief Actuary of Sino-Life Insurance in Shanghai successively. I also served on the BOD for Taikang Pension Insurance Company. Before going to China, I held various actuarial titles at Principal Financial Group in US
I hold a Bachelor’s degree in Law from National Cheng-chi University in Taiwan and a Master’s degree in Actuarial Science from the University of Iowa. I was recognized for outstanding scholarship at both institutions. I served as Vice President for the 2017 SOA China Committee. I am also currently a council member for China Association of Actuaries.