2021 ARECA Scholarship Winners Announced
The ARECA Scholarship committee is pleased to announce this year’s winners of the ARECA Scholarship:
Gigi Li, a senior at the The Chinese University of Hong Kong majoring in Insurance, Financial and Actuarial Analysis.
Jiadi Zhu, a sophomore at Southwestern University of Finance and Economics, majoring in Actuarial Science.
Lujia Jiang, a senior at Nankai University majoring in Insurance.
The ARECA Scholarship is awarded to current undergraduate students in the Asia Pacific region who are interested in pursuing the actuarial profession. The primary element of the scholarship competition is for the applicant to prepare an essay (approximately five pages) on the impacts of climate changes that have occurred, and of additional changes that are anticipated; describing the potential changes to the General Insurance needs; proposing changes or additions to existing General Insurance products or delivery mechanisms that could help address those needs; and suggesting considerations that should enter into the pricing of those changes. It is the intent of ARECA to invite each of the three winning students to participate in an upcoming local ARECA meeting (or other actuarial event) during 2021/2022.
The funding for these scholarships is sponsored by AXIS, part of the AXIS Capital group of companies.
Winners of the ARECA Scholarship were chosen by the ARECA Scholarship Subcommittee. Candidates must be enrolled as full-time undergraduate students at a college or university in the Asia Pacific region, be a member of CAS Student Central, and have sat for at least one actuarial exam. A selection committee of CAS members assesses the candidates' Scenario essays.
About ARECA
ARECA (“Asia Region Casualty Actuaries”) was formed in 2015 as a regional affiliate of the Casualty Actuarial Society. ARECA provides continuing education programs, information and other support to actuarial programs at universities across Asia, networking opportunities for current and future actuaries, and now the ARECA scholarship. For more information about ARECA, visit the CAS website at https://www.casact.org/affiliate/asia-region-casualty-actuaries-areca.
ABOUT THE CAS
The Casualty Actuarial Society (CAS) is a leading international organization for credentialing and professional education. Founded in 1914, the CAS is the world’s only actuarial organization focused exclusively on property and casualty risks and serves over 9,000 members worldwide. Professionals educated by the CAS empower business and government to make well-informed strategic, financial and operational decisions. Learn more at www.casact.org.
ABOUT AXIS
AXIS is part of the AXIS Capital group of companies, which includes global insurers and reinsurers providing clients and distribution partners with a broad range of specialized risk transfer products and services. AXIS generously has provided the funding for the 2020 ARECA Scholarship. Learn more at www.axiscapital.com.
ABOUT CASUALTY ACTUARIES
A casualty actuary is a professional skilled in the analysis, evaluation and management of the financial implications of future contingent events primarily with respect to general insurance, including property, casualty, and similar risk exposures. A casualty actuary has practical knowledge of how these various risks interact with each other and the environment in which these risks occur.
