Global Updates

AXIS-Sponsored 2021/22 ARECA Actuarial Scholarship Winners Announced

The ARECA Scholarship committee is pleased to announce this year’s winners of the ARECA Scholarship:

Xiang Liu, Tsz Ching Chan and Pui Yi Lai.

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) addressing one of several business scenarios that are illustrative of the issues that are analyzed by property / casualty actuaries in their daily work. The funding for these scholarships is sponsored by AXIS, part of the AXIS Capital group of companies.

Xiang Liu is a second-year student at Guangdong University of Finance and Economics, China majoring in Insurance. He was awarded the Scholarship for a strong Essay on “Green Insurance Ideas for Anti-idling”.
Tsz Ching Chan is a final year student at The Hang Seng University of Hong Kong, majoring in Actuarial Studies and Insurance. She was awarded the Scholarship for her essay on “Go Green Products”.
Pui Yi Lai is a third-year student at The University of Hong Kong, majoring in Actuarial Science & Economics. She won the Scholarship for her essay on “Go Green on Insurance Operation”.

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 essay.

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

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

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 2021/22 ARECA Scholarship. Learn more at

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.