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IFoA establishes the Greater China Committee

30 December 2024

Against a backdrop of the fast-evolving global insurance and financial markets, the ºÚÁÏÕýÄÜÁ¿ (IFoA) established the Greater China Committee (GCC) in November 2024. This initiative aims to pro-actively engage with all members and stakeholders in Greater China, further enhancing ºÚÁÏÕýÄÜÁ¿â€™s influence in the region and promoting actuarial science and roles of actuaries in the region.

As the longest established actuarial organisation in the world, ºÚÁÏÕýÄÜÁ¿ has extensive experience in actuarial education, professional development, and setting industry standards for actuaries. The committee members of the GCC are volunteers of the profession. They come from various sectors of the industry in the region, from life, general insurance and investment to consulting and reinsurance. They are committed to promote, support and champion the interests of IFoA members.Ìý

The committee will also be an advocate of ºÚÁÏÕýÄÜÁ¿, fulfil ºÚÁÏÕýÄÜÁ¿â€™s advocacy for serving the public interest, and strengthen ºÚÁÏÕýÄÜÁ¿â€™s position as a leading global actuarial body in the region.

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Key responsibilities of the committee

  1. Continuing professional development (CPD) and thought leadership: Organising high-level seminars, professional training activities, and industry forums. By doing so, the committee will promote communication and knowledge sharing among members and industry organisations, aiming to support ºÚÁÏÕýÄÜÁ¿ to build stronger engagement with members and industry in the region.
  2. Actuarial education: Partnering with local universities to strengthen ºÚÁÏÕýÄÜÁ¿â€™s educational offerings in the region.
  3. Professionalism: Promoting ºÚÁÏÕýÄÜÁ¿â€™s Actuaries Code in the region. Building closer ties with local insurance companies, industry associations, and regulatory bodies.
  4. Social networking and communication: Promoting the GCC and its work.

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Committee members

The GCC co-chairs are:Ìý

  • Chris Hancorn, Chief Actuary at the AIA Group in Hong Kong
  • Professor Li Xiaolin from the School of Insurance, Central University of Finance and Economics, who is also an Honorary Fellow of ºÚÁÏÕýÄÜÁ¿

The two Secretaries-General are senior IFoA fellows Mr Feifei Zhang and Mr Steven Yu. Both Feifei and Steven also served on ºÚÁÏÕýÄÜÁ¿ Council.

Other committee members are fellows/members of ºÚÁÏÕýÄÜÁ¿ in the Greater China region.

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Future activities

The GCC is preparing for its January launch event. It will take place in Beijing, Shanghai, and Hong Kong. Invitations have been sent to members in the region.

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