▪ Local and Overseas Actuarial Education
There are an increasing number of educational institutions offering actuarial science programmes. Each institution will adopt part of the syllabus and examination structure of a particular actuarial body, for example, universities in Hong Kong follow the syllabus as set out by the Society of Actuaries (US). An increasingly popular option is to take an actuarial science course. To view lists of actuarial courses provided by local and overseas educational institutions, please click:
• Local Universities Offering Actuarial Programmes
• Overseas Universities Offering Actuarial Programmes
Graduation from the actuarial science programme does not imply that one has passed the professional examinations set by the actuarial bodies. A graduate may be granted exemptions from some of the examination subjects in particular bodies if he/she has cleared the examinations in university with sufficiently high grades. He/She has to complete the remaining professional examinations at work.
▪ Overseas Actuarial Examinations
To qualify as an actuary, one needs to pass a series of professional examinations. ASHK members usually take the examination of the various overseas professional bodies like Actuaries Institute Australia, the Casualty Actuarial Society, the Institute and Faculty of Actuaries (UK) and Society of Actuaries (US). The information on the syllabus and other examination arrangements can be obtained directly from these bodies. Their contact details are:
• Actuaries Institute Australia
Level 2, 50 Carrington Street
Sydney NSW 2000
Tel: (61) 2 9239 6100
Fax: (61) 2 9239 6170
• Casualty Actuarial Society (US)
4350 North Fairfax Drive
Arlington, Virginia 22203
Tel: (1) 703 276 3100
Fax: (1) 703 276 3108
• The Institute and Faculty of Actuaries (UK)
18 Dublin Street
Edinburgh EH1 3PP
Staple Inn Hall
London WC1V 7QJ
4 Worcester Street
Oxford OX1 2AW
Tel: (44) 20 7632 2100
Fax: (44) 131 240 1313 (Maclaurin House)
(44) 20 7632 2111 (Staple Inn)
(44) 1865 268 211 (Napier House)
• Society of Actuaries (US)
475 North Martingale Road
Schaumburg, Illinois 60173-2226
Tel: (1) 847 706 3500
Fax: (1) 847 706 3599
It is up to individuals to consider which body they wish to study through. Syllabus differs slightly between bodies from different countries, but the examinations offered by the above actuarial bodies are internationally recognised.
▪ Local Actuarial Examination
Since 2016, a Curriculum Taskforce has been formed to develop a syllabus and a set of study aids for the Hong Kong Practical Education Module. The ASHK is now pleased to make available to its members the curriculum (June 2017 edition) as below. The curriculum covers areas of regulation and industry practice that affect the working environment of most actuaries in Hong Kong. All ASHK members working in insurance, pensions and and other investment sectors should be aware of the areas described here, and be familiar with the content which relates to their field. We encourage members to keep themselves abreast of the content.
It is the ASHK's intention to introduce an examination next year, passing which will become a required step for acceptance as a Fellow of the ASHK. This examination is viewed by Council as a necessary step on our path towards statutory recognition. In view of the examination and its importance to the ASHK's agenda, the curriculum materials have been set out in the following forms:
• A syllabus which covers the areas for examination,
• A set of study aids for each major field [(i) Generic; (ii) Life Insurance; (iii) Pension; (iv) General Insurance; and (v) Investment] in which actuaries work.
We welcome comments on these materials. If you are interested in volunteering to assist the ASHK in preparing the examinations, please email us at email@example.com.
Moreover, Society of Actuaries (US) & ASHK jointly produced and co-branded an e-learning module on Regulation and Taxation (also a professional development e-course) focusing on Hong Kong. The module and e-course have been implemented and officially launched since October 2016.