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The predecessor of the Society of Actuaries (SOA) was Actuarial Society America. It was established in New York on April 25 and 26, 1889. It is one of the world’s famous actuarial associations, and it is also the most representative and authoritative in the world, with the largest scale and The Association of Actuaries with the most members. The main task of SOA is to provide actuarial education programs in the fields of life insurance, health insurance, employee benefits, and pensions, and to improve the ability of actuaries to consult and solve financial, insurance, financial and social issues involving uncertain events through continuing education. In the late 1980s, the North American Association of Actuaries began to cooperate with China. On April 28, 2016, the Society of Actuaries of North America (SOA) announced that the China office was officially established in Beijing.
Actuaries are mainly employed by insurance companies, and more and more people see actuaries working for various non-traditional companies. The key skills of actuaries are popular in many industries, especially information technology. An important example is the development of shared ride-hailing services and self-driving cars by technology companies. For a long time, companies such as Google and Uber have focused on the technical challenge of creating an artificial intelligence-controlled vehicle that can safely drive on the road. However, now that self-driving cars are becoming more and more feasible, and the phenomenon of shared rides is becoming more and more common, technology companies are facing various problems-risk assessment, risk management and responsibility. Actuaries are the best choice to analyze and help manage these risks. As the world becomes more data-oriented, organizations of all kinds understand the value of actuaries and data scientists. From jobs in hedge funds and investment banks to unexpected roles in waste management companies, today’s actuarial talents have access to plenty of opportunities.