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AI and Big Data Advancements Aid in Empowering Youth to Excel in Actuarial Professions

Harnessing the potential of technology is key, especially in the realm of big data and AI. Aspiring actuaries are encouraged to foster curiosity, attentiveness, and resolve to excel in these areas, as these skills will pave the way to success, according to industry experts.

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Get Ahead in Your Actuary Career in Vietnam: Insights, Advice, and Opportunities

AI and Big Data Advancements Aid in Empowering Youth to Excel in Actuarial Professions

Vietnam's financial landscape is evolving rapidly, and the actuarial profession is becoming a significant player in innovation and stability. This unique job blending mathematics, finance, and data analytics is gaining traction, offering exciting opportunities for ambitious young professionals.

The actuarial spectrum in Vietnam extends beyond traditional insurance as technology and big data drive the demand for these skills across multiple industries. In fact, the Asia-Pacific region, with countries like China, Korea, and Japan, is actively working to expand and fortify its actuarial workforce, creating a robust demand for talented actuaries worldwide.

Vietnam's Actuarial Landscape: An Opportunity waiting to Bloom

While Vietnam's actuarial landscape is promising, it faces a shortage of skilled professionals. This shortage, however, presents a golden opportunity for aspiring actuaries to make a significant impact and carve out a successful career.

The Power of Curiosity and Dedication

To become a successful actuary in Vietnam, Phuong Ba Chung, FSA, Chairman of TC Advisors at Techcombank and Chairman, Techcom General Insurance Company, advises young professionals to embrace curiosity, observe, and dedicate themselves to mastering big data and AI. By doing so, they can thrive in the ever-evolving financial landscape.

Data Science, Digital Transformation, and More

Sean Hsiang Kau, FSA, MAAA, Chief Risk Officer, Hanwha Life Insurance Company, emphasizes the role of data science in the actuarial profession, with actuaries increasingly utilizing machine learning and big data to innovate in Insurtech, longevity analytics, and ESG. Actuaries will step into the spotlight, serving as strategic decision-makers at the intersection of finance, technology, and sustainability.

The Road to Actuarial Success in Vietnam

For those aiming to succeed in their actuarial careers in Vietnam, here are some steps to follow:

Master the Technical and Soft Skills

  1. Big Data and AI: Develop your expertise in big data and AI, as they are foundational to success in the actuarial field.
  2. Regulatory Knowledge: Familiarize yourself with regulatory requirements to ensure compliance in your work.
  3. Core Actuarial Skills: Acquire proficiency in core actuarial tools such as Excel, VBA, R, and Python.
  4. Soft Skills: Develop strong communication and collaboration skills to work effectively with colleagues and stakeholders.

The outlook for actuaries in Việt Nam is promising. -- Photo Courtesy of SOA

Network and Learn

  1. Education and Certification: Pursue actuarial certifications, such as associateship or fellowship, to advance your career.
  2. Networking: Join platforms like ActuaryList to connect with professionals and get access to global job opportunities.
  3. Internships: Participate in internships, like the FWD Summer Internship 2025, to gain practical experience and insights into the industry.

By following these steps, young professionals in Vietnam can pave their way to a rewarding and fulfilling career as an actuary.

  1. The evolving financial landscape in Vietnam is pushing the actuarial profession towards innovation and stability.
  2. The actuarial field in Vietnam goes beyond traditional insurance, extending to various industries because of technology and big data.
  3. The Asia-Pacific region, including countries like China, Korea, and Japan, is working to increase and fortify its actuarial workforce, leading to a global demand for talented actuaries.
  4. Vietnam's actuarial landscape presents a significant opportunity for young professionals to make a impact and build rewarding careers.
  5. To be successful in Vietnam's actuarial field, Phuong Ba Chung suggests young professionals embrace curiosity, dedicate themselves to mastering big data and AI.
  6. Sean Hsiang Kau emphasizes the importance of data science in the actuarial profession, with actuaries increasingly utilizing machine learning and big data for innovations in Insurtech, longevity analytics, and ESG.
  7. To succeed in an actuarial career in Vietnam, pursuing proficiency in big data and AI, regulatory knowledge, core actuarial tools, and soft skills is essential.
  8. For career advancement, aspiring actuaries should consider pursuing actuarial certifications, joining networking platforms, and participating in internships.
  9. By following these steps, young professionals in Vietnam can navigate their path towards a fulfilling actuarial career.
  10. The demand for skilled actuaries in Asia, including Vietnam, is growing due to the integration of technology, data-and-cloud-computing, and artificial intelligence.
  11. The actuarial profession in Vietnam seamlessly intertwines with education and self-development, career development, online education, learning, and skills training.
Young people can prosper in the field of actuary by embracing curiosity, keen observation, and unwavering dedication to mastering big data and AI, according to industry experts.

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