SU, Nan Shan Life Insurance Extend Cooperation for 3 Years in Actuarial Education

Boosted by the success and harvest in the past three years working with Nan Shan Life Insurance Co., Soochow signed another three years of agreement for partnership with the insurance industry giant on January 19^th, 2022 at Downtown Campus. SU’s Department of Financial Engineering and Actuarial Mathematics will continue to work with Nan Shan for more research development and talent training in actuarial science.

Since 2018, Nan Shan has provided research funds and scholarships to the Actuarial Bigdata Center, which was established under the Department of Financial Engineering and Actuarial Mathematics. According to Chih-Hua Chiao, the director of the Center, as of the end of 2021, 18 teachers and 22 Master’s students of Soochow have completed three projects of actuarial and insurance product innovations under Nan Shan’s sponsorship.

The chair of the Department of Actuarial Mathematics Fang-Shu Chan added that 21 Master's students were awarded the yearly NT$80,000 Nan Shan Life Scholarship, and 14 students were granted summer internships offered by Nan Shan.

Dean of SU’s School of Business Tsu-Tan Fu highly approved the curriculum and research performances of the Department of Actuarial Mathematics and Actuarial Bigdata the Center, which have contributed much to the School of Business, one of the 27 AACSB-accredited business schools in Taiwan.

With regard to the cooperation with Soochow for the three years to come, Alden Fan, acting president of Nan Shan Life Insurance, expects that the company will continue to promote the academia and industry collaboration in financial engineering, actuarial science and big data, and integrate advanced financial technology and artificial intelligence for a better future of insurance technology.