Actuary Tomorrow 2016

Guests, judges, and participants of Actuary Tomorrow 2016 

Actuary Tomorrow 2016 was a two-day event held at UTAR Sungai Long Campus from 2 to 3 April 2016, aimed at creating awareness about the role of actuaries in the insurance industry, as well as the development trends and career prospects of the field.

Hoo stressing the importance of actuarial science

“Mathematical and statistical methods are important in risk management, data analysis, and the finance industry. Actuaries possess a wide range of skills that can be manifested in legislation, business, and many other industries,” said President-Elect of Actuarial Science Society of Malaysia and partner of JPWALL Consulting Partners (Malaysia) Gary Hoo Chun Hua.

To encourage teamwork and communication among the participants, a boot camp was held. Participants gained hands-on experience of the actuarial job, which included training on pricing, valuation, and capital risk management.

Besides that, a town hall meeting was held with actuaries from companies such as Takaful Ikhlas Berhad, AXA Affin General Insurance Berhad, and Zurich Insurance Malaysia. This two-way interactive session aimed at providing participants an insight on what is expected in the industry.

From left: judges Dr Yung, Hii, Lam, Prof Ewe, Hoo, Chua, CAS International Relations Manager Michael Chow, Prof Goi, and Pan

“The Actuarial Challenge will provide actuarial undergraduates a practical experience on professional conduct at work, how to conduct meetings and presentations, and engaging the right attitude when faced with crisis,” said UTAR Vice-President for Internationalisation and Academic Development Prof Ir Dr Ewe Hong Tat.

Participants from various universities such as University of Malaya (UM), Universiti Kebangsaan Malaysia (UKM), Sunway University, and Universiti Sains Islam Malaysia (USIM) took part in the competition.

Prof Ewe said events like this are meant to display the collective talent of our youth rather than only recognising the winners. He advised, “Those who do not win should not be disappointed because this will help you to analyse your performance for room for improvement in preparation for the next competition or mission.”

Students working together to solve problems

Serving as judges were Institute and Faculty of Actuaries (IFoA) Actuary Representative of Southeast Asia Caryn Chua, Society of Actuaries (SOA) Programme Manager Dr Yung Wai Ling, Taiwan Munich Reinsurance Company (Hong Kong Branch) General Manager of Business Development Simon Lam, and Actuarial Society of Malaysia (ASM) Vice-President and Head of General Insurance Kelvin Hii Chee Yun. Also present were Lee Kong Chian Faculty of Engineering and Science (LKC FES) Dean Prof Ir Dr Goi Bok Min and Actuary Tomorrow 2016 Organising Chairman Pan Zi Joon.

This event was organised by UTAR LKC FES, sponsored by the Institute and Faculty of Actuaries (IFOA), Society of Actuaries (SOA), and Casualty Actuarial Society (CAS).

Actuary Tomorrow 2016 committee members