People's Daily Online takes you into UIBE|Exclusive interview with Professor Huang Wei, Dean of the w88 casino of Insurance
In order to let candidates better understand the w88 casino,People's Daily Online Education ChannelInvitedDeans of more than ten undergraduate colleges at the w88 casinoConducted thematic interviews, through detailed interpretation of the college's educational philosophy and professional features, so that candidates and parents can have a more comprehensive understanding of the w88 casino, and more specifically choose the college and major that suits them.
The person invited in this issue isProfessor Huang Wei, Dean of the w88 casino of Insurance, w88 casino. Professor Huang Wei is a doctoral supervisor, dean of the w88 casino of Insurance at the w88 casino, and chief expert of major projects of the National Social Science Fund. The main research areas are insurance and actuarial science, poverty and health, financial institution management, and applied microeconometrics. In "RES》, "Economic Research", "Management World" and other top economics journals at home and abroad have published many papers, and their international publications have been continuously ranked among the top in the field of economics and business1%ESIHighly cited papers.
Development history and current situation
Host: Hello, Dean Huang, welcome to your arrival.
Huang Wei: Hello host, hello all candidates, parents and friends.
Host: We all know that the Insurance w88 casino of the w88 casino is quite famous in the industry and academia. So first of all, our Dean Huang will take us into the history of the w88 casino of Insurance.
Huang Wei: OK, thank you. The w88 casino of Insurance of the w88 casino was formed by the merger of the original Insurance Department of the w88 casino and the former Insurance Department of the China Institute of Finance. from 1951Relevant insurance professional courses have been set up since 10450_10475|, and so far they have nearly 100 courses.7010548_10584200710659_1072550People.201610877_10965
Moderator: Okay, thank you, Dean Huang. Through your introduction, we heard that the insurance major is closely related to Mao Tonggeng, and it has developed rapidly and achieved remarkable results. We checked a piece of information showing that the 2020 published by the China Science and Education Evaluation NetworkIn the competitiveness rankings of Chinese universities by major,The insurance major of the w88 casino ranks first in the country, got 5★+'s good results. at the same time201612157_12272
Huang Wei: This is actually the affirmation and encouragement given to us by the industry, teachers, and classmates since w88 casino of Insurance and Insurance Discipline have developed over the years. Currently, the w88 casino of Insurance has three departments and two research centers, namely the Department of Risk Management and Insurance, the Department of Statistics and Actuarial Science, and the Department of Labor Economics and Social Security. The two research centers are the Health Insurance and Health Economics Research Center and the Insurance Law and Social Security Law Research Center. At present, we have established a complete undergraduate, master’s and doctoral discipline system with international characteristics. The undergraduate program mainly includes three majors, insurance, actuarial science, and labor and social security, as well as an actuarial experimental class. At the master's level, it includes three academic master's degrees and a professional master's degree in insurance. The three master's degrees are finance, actuarial science and labor economics. These three master's and three doctoral programs are also in our college. This is the professional setting of the department. We have always been committed to first-class discipline construction, faculty and talent training, and are determined to cultivate senior comprehensive professionals with international characteristics and engaged in risk management insurance, statistics, actuarial science and social security management.
Moderator: Thank you, Dean Huang, for your introduction. In fact, achieving such good results is inseparable from the hard work of generations of teachers and students in our Insurance College. So I would like to ask Dean Huang, how is the teaching situation of our insurance college now?
Huang Wei: Generally speaking, our teaching staff has four characteristics:First, high-level teaching staff. Currently, our full-time teachers are 47, with nationally talented teachers. At the same time, we also attach great importance to introducing first-class external professors from around the world.Second, it has a great influence on the industry. We know that actuarial science is an applied discipline. Our full-time professors in the industry also serve as executive directors of the Asia-Pacific Insurance Society, executive directors of the China Social Insurance Society, experts from the National Health Commission, members of the National Committee of the Chinese People’s Political Consultative Conference, the only member of the CPPCC in w88 casino, and consulting experts from the National Medical Insurance Administration. In addition, we have hired nearly 100Well-known experts in society, especially big names in the industry, serve as our part-time professors. This is the second feature.Third, the overseas background is very strong. We currently have teachers with overseas backgrounds accounting for more than 95% of the total number of teachers. Especially in recent years, the teachers we have introduced from overseas have excellent academic backgrounds, including London w88 casino of Economics and UCLAThis first-class top university.Fourth, young and powerful。45Teachers under the age of 1 account for our entire team2/3. Therefore, we have a group of very outstanding young and middle-aged teachers who are emerging and forming the backbone of the academic community.
Professional settings
Host: Thank you, Dean Huang. After listening to your introduction just now, we can feel that the w88 casino of Insurance has a strong faculty, and there are many famous teachers from the old, middle and young generations, which provide a solid foundation for our professional training. So at this point, candidates and parents may be particularly concerned about the majors offered by our insurance college. In fact, our dean just mentioned that we not only have insurance majors, but also corresponding actuarial sciences, labor and social security, and experimental classes. Then in the following time, we will walk into our professional interpretation together. First of all, I would like to ask our Dean Huang to introduce to us what kind of major the insurance major is. At the same time, I would also like to ask you to talk about how insurance plays a protective role in people's lives.
Huang Wei: OK, thank you host. I'll start with the insurance major. Go toIn 2020, the most frequently mentioned word should be risk. The COVID-19 epidemic has greatly enhanced the public's awareness of social risks, concern for health, and awareness of health insurance. Therefore, the data for the first quarter of this year can reflect that health insurance increased by 21.5% year-on-year in the first quarter%. This data is still very impressive. The second is that from the perspective of the history of the development of the global insurance industry, per capitaGDPIf reached1Ten thousand US dollars, this is a point, then residents’ insurance demand will burst out in an all-round way. Exactly this per capita in our countryGDPThis was achieved for the first time last year1million U.S. dollars, so residents’ insurance needs should see an overall increase. So this is a major trend in our analysis. Therefore, under this background, the insurance profession must have a stage of rapid development. The question you just raised is a very good one. We can take the COVID-19 epidemic as an example to see how insurance protection works. Let’s look at the treatment costs for a COVID-19 patient. Patients with mild symptoms are probably1-210,000, the cost of severe illness is10More than ten thousand. Some even need to use a ventilator, and the ventilator must reach a level40Ten thousand. Of course, our country pays for all patients, but have you ever thought about how it is paid? In fact, basic medical insurance, critical illness insurance, etc. are used to pay. The two things I mentioned just now are actually covered by social security, and the rest is financed by finance. Candidates and parents may want to ask again, how do the insurance companies we usually come into contact with function? So far, there have been more than50Home insurance company, hundreds of models, close to1,000 insurance products include COVID-19 protection. A lot of additional payments are provided to everyone. It may be clear if I give an example. For example, after I am cured, I want to receive long-term care. For example, if I want to use additional immunoglobulin to improve my immunity, then this aspect actually depends on commercial insurance. This is why we often lament middle-class families, because many families are now in the middle-class stage. The financial situation of middle-class families seems to be calm, but actually there is great uncertainty and risk behind it. So we often have a joke, just don’t get sick. If someone in the family gets sick, they will immediately become middle class and have no property, and no property will become bankrupt. So what we are talking about here is actually the financial risks of families.
Host: Thank you very much, our Dean Huang, for your wonderful interpretation. In fact, after listening to what you just said, we deeply feel that as our living standards improve, insurance will definitely become the most solid foundation for our follow-up protection. And as people's living standards improve, we have more and more desire to invest. Then it is actually a good measure to avoid risks. OK, thank you, Dean Huang. So let's go back to our major. What are the characteristics of our insurance major in terms of talent training? I would like to ask you to briefly introduce it.
Huang Wei: Okay. The insurance major has a long history. We hope to train students who have a foundation in professional economics and are very familiar with and master the management theory of personal, corporate and social risks. And you need to be proficient in not only insurance, but also related professional knowledge in finance and other fields. The entire course module of this major is about four, includingEnterprise Risk Management、Financial Risk Management、Disaster Risk Management, andFinancial Risk Management. This course has a general module, and its main goal is to meet the employment needs of various types of financial institutions, departments in charge of large and medium-sized enterprises at home and abroad, as well as financial regulatory agencies and public institutions. In terms of features, let me briefly talk about two points. One is that the international characteristics of the major are very representative, including the proportion of overseas teachers, the proportion of Chinese and English bilingual teaching, which is also very high, and the proportion of students going abroad is also very high. The second one is also related to the characteristics of the insurance major. It has very close cooperation with financial institutions, insurance financial institutions and regulatory authorities. It regularly invites big names in the industry and experts from outside the w88 casino to give lectures and lectures in w88 casino. If we have time, we can talk about this internship base later. So there are many development opportunities.
Moderator: Thank you, Dean Huang. If students are interested in the insurance major, I hope they can choose the insurance major in w88 casino of Insurance at the w88 casino. Next we enter the second major, actuarial science. Our Actuarial Science is the only major in the w88 casino that offers a Bachelor of Science degree, and it is developing very rapidly. When everyone mentions actuarial science, one profession that comes to mind is actuary. So in the next time, I would like to ask our Dean Huang to introduce to you what kind of profession an actuary is and what kind of major actuarial science is.
Huang Wei: Okay, let us continue. The host mentioned actuaries, let’s start with actuaries. Actuaries are called engineers of finance, insurance, investment and risk management. It also has a very good reputation abroad as the golden collar among golden collars. It can be seen that this major has a bright future. Of course, the future of this place has two double meanings. In fact, we have observed that there is no shortage of talents in the financial industry. You can imagine how many colleges and universities across the country offer finance majors, including branches, business offices, and securities offices of banks that we usually come into contact with, all of which are financial practitioners. But what the financial industry lacks is high-end professional talents. Actuaries are at the top of the pyramid. Known as one of the most in-demand cutting-edge talents. Let me give you an example. Hong Kong has a talent entry program to attract outstanding talents. In order to attract high-end talents, it adds professional talents in this industry, which is called a shortage industry. There is a list of occupations in short supply. There are only eleven occupations listed in the list, and actuaries are among them. This shows the demand for the actuarial profession. At present, the supply of actuarial talents in our country is actually seriously insufficient, with the gap reachingMore than 5,000 people, the potential demand in the next five years will reach about 30,000 people, this is probably the situation. So after talking about actuaries, let’s talk about actuarial science. Actually, I want to briefly talk about two issues today. The first question is what is actuarial science? This question has been asked many, many times. Everyone thinks actuarial science is very mysterious. If I want to describe it simply in one sentence, I would describe it as a discipline that relies on techniques such as mathematical statistics, including some of the current new technologies, to carry out risk measurement and risk quantification. The prospects for further study and employment in this area are also very good.
Host: OK, thank you, Dean Huang. After listening to your introduction just now, we found that actuarial science is really a profession that will be very popular in the future. In other words, actuaries are also a profession that is very popular in all walks of life. Then I have a question, and I would like to ask you on behalf of the majority of netizens, because some students may mention that if I study mathematics, it may be a bit boring, and if I just study economics, it may be too broad, and I don’t know what kind of career I will pursue in the future. So under such circumstances, how should he choose a major? Can you give us some recommendations?
Huang Wei: Okay, my suggestion is to study actuarial science. Why? Actuarial science has the rigorous logic of mathematics, but it is not as boring as mathematics. Because we know that senior high w88 casino students have just gone through a lot of question-and-answer tactics, and at the same time, actuarial science has the characteristics of economics, which is the characteristics of describing or elaborating and explaining the objective world and solving practical problems. So it combines the characteristics of these two disciplines very well. So by the way, I would like to talk about the second question about actuarial science just now, which means that we should pay attention to the new development trend of actuarial science. Because we think, if we choose a major now, it will take at least four years for us to graduate with a bachelor's degree, or even study for a Ph.D. So what are the new development trends in actuarial science? There are currently two things that are profoundly changing the world, one is big data and the other is artificial intelligence. Then actuarial science itself has such advantages and needs. Well, now in this new actuarial research related to precise pricing and so on, more and more big data and machine learning are appearing. Especially since our country is also a big data country, everyone can feel the important role played by big data during this anti-epidemic period. Therefore, in such an era of big data, more cross-field actuaries are needed, so the development of actuarial science will be even more powerful. This is my suggestion.
Host: Okay, thank you, Dean Huang. In fact, we also know that in 2019, the Insurance Institute also successfully joined the North American Society of ActuariesUCAP College Program has obtained the exemption certification for the VEE course of the North American Actuarial Qualification Examination. Speaking of this aspect, I would also like to ask Dean Huang to give a brief introduction, because many candidates may think of studying our actuarial science major in the future. So what is this qualification certification like, and what kind of guiding opinions do they have for the training and development of students?
Huang Wei: OK. The North American Society of Actuaries is actually the largest and most authoritative society of actuaries in the world with the most members. It was founded inIn 1889, you can imagine this history. Basically in the actuarial circle, if you get this North American actuary, it is this SOAIf you have the qualification certificate of an actuary, then you will have access to the golden collar channel we just talked about. The door has been opened. So what we get now isSOAExaminationVEECertification of the course. That is to say, if students take this related course, then they can participate in thisSOAWhen taking the exam, you can directly obtain exemption qualifications for relevant modules. So this should be a great help to students. I can briefly introduce our companyVEEThe five modules of the course certification. One is the 8-level economics module, including micro, macro, intermediate micro, and intermediate macro. The second is the Accounting and Finance module. Including "Corporate Finance", "Financial Accounting", etc. There are also mathematical statistics modules and applied statistical methods modules. Finally there is the corporate finance module. Therefore, our corresponding courses in these five modules can give you a great opportunity to avoid taking exams.
Moderator: Thank you. In fact, after listening to your introduction just now, we feel that the entire curriculum training system of the actuarial science major is very complete, and it has such qualification certification from abroad, because of some domestic conditions in our country. In fact, this combination of Chinese and Western culture can also provide a fertile ground for our cross-cultural communication talents. Then there is another question I would like to ask you. That is, the actuarial science major just mentioned corresponds to the profession of actuary. So, can actuaries or actuarial science be employed only in insurance companies in the future? Are there other industries that we can integrate into?
Huang Wei: Okay, very good question. In fact, our country's market is further opening up, because of the trend of globalization, of course we feel that within a certain period of time, it is a foreseeable stage in the future. This trend can actually be seen, of course, there are some minor twists and turns. In fact, various types of foreign-funded enterprises are also entering rapidly, and Chinese enterprises are going out. So let me cite some industries, such as insurance, investment, financial supervision, economic forecasting, demographic analysis, social security, and industry consulting, etc. In all fields related to risk management, the demand for actuarial talents is very large and widespread. Therefore, the future of this major should be even more limitless.
Moderator: Okay, thank you, Dean Huang. So that’s all our understanding of actuarial science majors. Because due to time reasons, we have to move to the next major. This is the direction of social security that our Dean Huang often mentioned just now. One of our majors is labor and social security, and it is also the major for our Bachelor of Management in the w88 casino of Insurance. So next, I would like to ask Dean Huang to give us a brief introduction to the labor and social security major.
Huang Wei: Okay. Social security, as I mentioned when I gave an example just now, is actually a pension management system for the entire society. You see, we are all paying now. The country contributes part, the enterprise contributes part, and we personally contribute part. So how can this huge pension maintain and increase its value in the future? This is the employee benefit plan, salary and performance management of a small enterprise, etc., which are all issues that they are concerned about in the social security profession. This major actually hopes to cultivate basic theories and some related methodological skills in social security management, human resources management, and capital allocation management. To put it simply, their professional courses include four major modules, including finance, economics, population resources management, and insurance. It is probably a design of these four modules. Therefore, I believe that studying social security should lay a solid foundation for understanding the future macroeconomics.
Host: Okay, thank you, Dean Huang. I just heard you introduce that although our labor and social security course is in the management category, we also study the content of finance, economics and other modules, so it may be seen that our future labor and social security talents will also be international and compound talents. Okay, let’s give you a summary of the undergraduate majors enrolled in w88 casino of Insurance: Insurance, Actuarial Science, and Labor and Social Security. We have obtained a Bachelor of Economics, a Bachelor of Science, and a Bachelor of Management respectively. So on top of our ordinary professional training, we will also have some top-notch talent training projects. Next, I would like to ask our Dean Huang to introduce the experimental class project to us.
Talent training model
Huang Wei: Okay. The actuarial experimental class of our insurance college was founded in2012 should be the earliest in actuarial science. Over the past eight years, our college has insisted on highlighting the six training characteristics of experimental classes. The first one is a compound type of knowledge talent. We pay great attention to their innovative thinking in the experimental class, including teaching and talent training, including their research qualities in characterizing, solving, and describing problems. This is number one. Second, there are some features in the undergraduate-master's program and the master's-doctoral program. The third one is to provide tutors for experimental classes at undergraduate level. In fact, there are very few majors with tutors at the undergraduate level. Fourth, core professional courses are taught in English or bilingual. Fifth, international cooperation and training. So in this area, we will give priority to students from the experimental class and join them in the 2+2 undergraduate program, Bachelor’s degree3+2, and Master1+127276_27331
Host: Okay, after listening to your introduction, we feel that the training of the experimental class is really fruitful. Then I would also like to ask you to introduce what process our candidates need to go through or how the selection is conducted if they want to enter this experimental class.
Huang Wei: This experimental class of actuarial science has a very strict selection system. Every year after the freshmen are admitted, we will conduct a unified examination for the whole w88 casino. After that, admission will be based on merit. Because if you are admitted to actuarial science, you are very good, so it is called the best of the best. Since we are just talking about the actuarial experimental class, I would also like to briefly introduce to you the situation of those who graduated from the actuarial experimental class. So far, we have about four graduates of experimental classes. At present, combined at home and abroad, the overall postgraduate study rate in four years is80%. Going abroad is accounted for50%, and more than 30% are studying in domestic graduate schools. Especially2018The experimental class, their overall further study rate at home and abroad is as high as92.31%. I find this number hard to imagine, because you can imagine that it is a professional experimental class, it is not a language class, and the curriculum is very challenging. So it’s equivalent to you100students, for example, there are less than8I am employed, and all other students are continuing their studies at home and abroad, so the feedback from the experimental class is probably very good.
Moderator: Thank you, Dean Huang. After listening to your introduction, I was a little excited. Indeed, our experimental class is also relatively advanced in the ranking of the entire w88 casino. Especially when you talked about the further education rate, inAchieved 92 in 2018%, this number is very, very high. And I also heard one point: nearly half of the children in our experimental class went overseas for further study after graduation. In fact, the international characteristics of our University of International w88 are very obvious. Then I would also like to invite you to talk about the highlights of international training in our Insurance w88 casino.
Huang Wei: OK. This just introduces some of the professional features of our college. The first one is what I mentioned earlierInternational exam-free certification course, so the curriculum is very international, I won’t go into details about this. The second is the development of the academyMulti-level international cooperation projects, I can simply introduce it to you. Including that we now have a 2+2 international cooperation in actuarial science with Kent, UK. This project has been carried out for a long time, and the feedback from this student is also very good. There is also an undergraduate course in Actuarial Science with the University of Manchester in the UK2+2、4+1, Master's1+1. and with Temple University in the United States3+2With the joint training of undergraduate and master's degree, he can obtain a Chinese and foreign double degree certificate. In addition, since we are talking about this training feature, what I particularly want to mention, this is a feature that I personally want to mention, is the students of our Insurance w88 casino, they are so amazing. They performed very well in this international and domestic competition and achieved various successes. For example, the American College Student Mathematical Modeling Competition, the National College Student Mathematics (Modeling) Competition, and Munich Re's Actuarial Mathematics Competition have won first prizes many times. Then we also won some special prizes like the National College English Competition, because we are not a language major. I still remember my name, classmate Zhang Jiaxin, and we all thought it was very amazing. There are also the China Champions of the L'Oreal Campus Marketing Competition, the Special Prize of the Challenge Cup Capital College Students' Extracurricular Competition, and the Beijing Gold Medal of the Challenge Cup Entrepreneurship Competition, etc.
Host: I was very proud of what Dean Huang introduced just now. I felt like I was talking about my own children. In fact, we have also heard that not only our training is international, but our students are also such international compound talents. In fact, you also mentioned that our students participate in many international competitions. So we are also more concerned about whether students have any other unique internships and practical projects in addition to their own professional study courses.
Employment status
Huang Wei: Yes. On the one hand, we attach great importance to cooperation with the insurance industry. We have established off-campus internship bases with many large insurance companies and industry organizations, and the results are very good. Such as China Export Credit Insurance, New China Life Pacific Insurance, PICC Health, China Insurance Association, Beijing Insurance Association and so on. In fact, they come to us with their needs for interns at fixed times and seasons every year. Basically, our supply exceeds demand, which also reflects the industry’s training and recognition of our students. When participating in their internship base, many companies will lock you in advance before they are employed, thus creating a good development platform and opportunity for their employment.
Host: Okay, thank you, Dean Huang. When we were talking about these introductions just now, we felt that students are so happy to study in the Insurance College. Not only the improvement of our professional knowledge, but also the training of extracurricular and extracurricular activities. The improvement of comprehensive quality will definitely be of great help to the future development of our students. As I just said, this internship practice of our students is very unique, so it will definitely shine when they graduate. In the following time, we will go into the introduction of the graduates of our insurance w88 casino.
Huang Wei: Okay. Then we will share their transcripts. The quality of our students’ graduation continues to show an upward trend,70%The above undergraduate graduates are studying in prestigious universities at home and abroad. The approximate proportion is that half go abroad,20% is in the country. For graduate students, many years100% employed. Let’s take a lookThe rate of undergraduate graduates in 2018 going abroad for further study is51.03%. Why do I remember this number so clearly? It’s because he is number one in the w88 casino. So as a professional subject, this child should be very good.2019, in 201833928_33958Among the students who went abroad for further study in 2019, go to this QSTop of the world university rankings50students accounted for nearly half. This is the case for graduate w88 casino and further education. From an industry perspective, more than 10% of employed students are in the financial industry2/3, this is still related to our training characteristics. Including the four major state-owned banks, joint-stock banks and all leading domestic and foreign insurance institutions, this is our biggest feature. Including CITIC Securities, China National Nuclear Corporation, large state-owned enterprises, and national ministries and commissions of the Ministry of Commerce and the Ministry of Foreign Affairs. In terms of employment area or region, because we are in the capital of Beijing, about half of the undergraduate students will choose to stay in Beijing. Graduate students account for approximately70%, and then the rest may be the southeast coast such as Shanghai, Shenzhen, Guangzhou, and Hangzhou. Therefore, the employment fields and prospects for graduates are very broad.
Host: Thank you, Dean Huang. Our current goal of talent training is not just limited to the undergraduate level. What we hope more is that children can have higher and in-depth studies, whether at home or abroad, there is a better choice. After listening to your introduction, it is true that the overall further study rate, employment quality, and employment rate of our college are much higher than the average level of our entire w88 casino, so we hope to win the favor of more candidates and parents. At the end of the program, I would also like to ask Dean Huang to send a blessing to our candidates.
Sending blessings from a distance
Huang Wei: Okay. The culture of our college is love and responsibility. I hope that students will be empathetic, full of imagination, and stay focused in their future studies. Let us realize our dreams of Beijing, the w88 casino, and the w88 casino of Insurance. Thank you.
Host: Thank you, Dean Huang. I hope that today’s introduction can provide the freshest information to all candidates and parents, so that everyone can understand the w88 casino and choose w88 casino of Insurance. That’s it for today’s program, see you next time.
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