My name is Hong Seok-min who has enrolled the Department of Statistics and Actuarial Science in 1993. I am currently working in the product rate part of the Auto Insurance Planning Team of LIG Insurance Co., Ltd. Specifically, I am in charge of designing, improving, and adjusting insurance premiums for auto insurance products. In other words, I am responsible for determining the composition and price of auto insurance products sold by the company.
Basically, insurance products are made by using statistics because the price and risk are determined according to the probability of an accident and the distribution of the amount of damage when it occurs. In particular, regression analysis and reliability analysis are widely used to determine future insurance premiums and to predict various trends such as loss ratio and discount premiums. Recently, multivariate analysis such as GLM has become a topic of interest for each insurance company in order to calculate an appropriate premium in consideration of the alternating effect of various variables that influence insurance premium decisions.
Various insurance companies are currently attempting to apply these various statistical and mathematical techniques. I hope that you will study statistics and actuarial more actively.
After graduating, I feel that statistics and actuarial are really indispensable studies for my work. Of the six employees who do the same job as me in my company, three employees have been graduated from the Department of Statistics and two employees have been graduated from the Department of Mathematics. Similarly, other insurance companies have a significant number of graduates from statistics and mathematics departments. You can be proud that you are studying statistics or actuarial science.
If you want to be in charge of product rates for an insurance company, it is very helpful to be able to handle computations in addition to statistics and actuarial science. Insurance companies have large amounts of data that cannot be calculated manually. In many cases, it is too much to handle with Excel. In the case of larger insurance companies, the annual number of policyholders for auto insurance is well over 1 million, and the amount of premiums and insurance money exceeds 1 trillion won. You need to develop your computational skills enough to make these massive amounts of data into the form you want to analyze. Once the data is ready, you can produce results using statistical and actuarial methodologies.
Lastly, product development requires unexpectedly diverse experiences. For example, in the case of travel insurance, various experiences are required for product development, just as it is necessary to understand the needs of travelers to organize appropriate insurance. Experience the wonderful things you can only do when you are young. I believe that such experiences will make you a great person.
If you have any detailed information or other inquiries, please contact me at my e-mail (email@example.com) and I will answer you wholeheartedly.
My name is Kwon Hyun-seong who has enrolled the Department of Statistics and Actuarial Science in 1993. Thank you for your interest in our department.
The name of our department is a bit long, right? Our department started with the Department of Statistics, and its name has become longer as the number of subjects covered gradually increases. As computer (computing)-related subjects were added, the name “information” was added, and as insurance and financial mathematics-related subjects were opened, the name “actuarial” was added. In this way, our department has expanded its field of study based on the science of statistics, keeping pace with the times.
I am also one of those who benefited from our department. When I was in school, my seniors mainly majored in computer science as a minor. At that time, there was a huge shortage of manpower in the computer field, so those with both statistical and computer skills could easily find a job. While taking the course called actuarial science, I experienced a new field called Finance. After that, I decided to go to the graduate school of Soongsil University to acquire insufficient financial knowledge and studied finance while majoring in actuarial statistics. Such efforts created the opportunity for me to join Woori Investment & Securities today.
My current job in Woori Investment & Securities' FICC (Fix Income, Currency, Commodity) Sales Team is to trade over-the-counter derivatives and derivative-linked securities. Derivatives are financial products that exchange money between two parties by linking the underlying assets (mainly stocks, bonds and credit). For example, they are financial products called options, swaps, ELS, ELW, and DLS. These products can be divided into hedging (hedge) products or investment products and they are financial products that are traded as needed between the parties. Recently, trading of derivatives has been actively conducted in Korea, and a lot of manpower related to this is required. The basic knowledge you need to know to deal with derivatives is financial engineering and financial products. All of these subjects are offered by our department. In this regard, securities companies are currently preferring graduates in mathematics or statistics.
My name is Kim Sam-sook who has enrolled the Department of Statistics and Actuarial Science in 1994. It has been 13 years since I attended the freshmen orientation as a freshman. Now, I think the name of the department has changed and the appearance of the university has changed a lot. As I watch our university change into an advanced form, it makes me smile.
After graduating from Soongsil University, I received a master's degree in medical statistics from the Catholic University of Korea. Medical Statistics (or Biostatistics) was a newly established master's program at that time, and there were no graduates and only a small number of students majored in it. Medical statisticians (or biostatisticians) have already played an important role in clinical trials abroad, but there were very few in Korea.
To be honest, I didn't even think about what I would do after graduation at the time. Although my future was uncertain, I enjoyed studying because I was very interested in medical statistics. After graduating from graduate school, I joined a Japanese company, CMIC Co., Ltd. (Contract Research Organization: CRO), and accumulated practical experience for 5 years. I am currently working on data management and statistical consulting and analysis for clinical trials at the Asan Medical Center.
Today, the level of domestic clinical trials has also increased. Furthermore, as the number of multinational clinical trials increases, awareness and importance of the role of biostatisticians are increasing. Therefore, there is a growing need for experienced biostaticians in CROs and pharmaceutical companies, and at least one biostatician is currently employed in major pharmaceutical companies.
Lastly, I think clinical trials are a very promising field because new and diverse research methods are constantly being developed.
When I was in school, “statistics” was a difficult subject. However, statistics seem to be the driving force for application in many fields such as economy, education and society. I hope that you, who majored in statistics/actuarial science with flexible thinking and a wide perspective, will become outstanding experts in various fields that you need.
Choi Seon-min Enrolled the Department of Statistics and Actuarial Science in 1994
August, 2008-present: Work at the Prime Brokerage Service Team, Mirae Asset Securities
April, 2002~June, 2008: Worked at the OTC Derivatives Management Department, Good Morning Shinhan Securities
June, 1999: Entered the Good Morning Shinhan Securities
I am Cho Hye-ryeon who has enrolled the Department of Statistics and Actuarial Science in 1998.
It has already been more than five years since I graduated.
I would like to express my sincere gratitude to the professors who have worked hard for the department during this time.
I am currently working in the management planning team of AXA Direct.
I am in charge of establishing and managing the company's target profit and loss by estimating sales and managing loss ratios and expense ratios for all insurance types (automotive, general, and long-term)
When I was in school, I wondered how the subjects I had learned in theory would be applied in practice. As I worked in the field, I found that the basic statistical techniques for various estimations, regression analysis, time series analysis, and the rate calculation and reserve calculation methods learned in actuarial science are applied to various fields. Also, as I recently changed from the traditional rate calculation method to the CFP method, I came to realize that each subject I learned at school is valuable, from the stochastic process, which is the basis of CFP, to financial engineering.
I think the Department of Statistics and Actuarial Science is a very good department for those who are aiming for employment in the financial sector. A Korean proverb tells us that “You can see as much as you know.” I hope that you will become students who work hard for a bright future. As long as you put in the effort, you will surely get good results.
Once again, I would like to express my sincere gratitude to the professors and many seniors and juniors who have always worked hard for the department, and I hope that you will become great experts. Thank you.
I am Ji Jung-ah who has enrolled the Department of Statistics and Actuarial Science in 2001. I joined Samsung SDS in January 2006, and I am currently in charge of the security system at Samsung Electronics Semiconductor's Giheung plant.
After graduating from the Department of Information Statistics and choosing my career as a system engineer in the computing industry, I was also afraid of starting a new field that I had not experienced before. But because programming is based on mathematical and statistical thinking and logic, my major helped me a lot in starting the field.
The knowledge I learned through my four years of school life became the basis for taking my first steps as a member of society, and my relationships with my classmates, seniors, and juniors also helped me a lot. I hope that you will also bring valuable knowledge, memories, and good relationships to the Department of Information, Statistics, and Actuarial Science.
I am Jo Gyu-dong who has enrolled the Department of Statistics and Actuarial Science in 2001.
I love numbers, so I started studying statistics. At first, the subject of statistics was very difficult, but the more I learned, the more interesting it came to me. You must have heard a lot about data mining and big data. As information becomes more important, statistics are becoming more and more important, and it is becoming the most needed discipline in society.
After graduating from undergraduate school, I completed my master's and doctoral degrees in statistics, and I am currently working as a researcher at the Horse Industry Research Institute of Korea Racing Authority. I am in charge of the planning of horse industry statistics and surveys in accordance with the Horse Industry Promotion Act. The horse industry encompasses a variety of industries, such as horse production and breeding and horseback riding services. I am researching the various indicators of the horse industry to reflect them in the horse industry policy.
Statistics is one of the disciplines required by society, and I believe that it can be further developed by combining it with other disciplines such as business administration, economics, and computer science.
I am Ryu Je-hwan who has enrolled the Department of Statistics and Actuarial Science in 2005.
I am currently working in the Principal Investment Department of Daewoo Securities. This department is responsible for generating profits by investing in various domestic and foreign financial investment assets (bonds, stocks, futures, and private equity) using the company's own capital rather than customer assets.
In modern society, massive information is being produced than ever before. Even news, economic indicators, corporate financial information, and market price information, which are important to our department, are produced on a huge scale every day.
In the midst of such a flood of data, it is an essential competency required for traders to properly process, interpret and make investment decisions.
In this regard, financial experts in the information society are required to have financial, economic, and computational knowledge based on statistical knowledge. And I believe that the excellent curriculum provided by our department will allow you to learn all of this. If you want to know more about finance, economics, and computer science, taking an interdisciplinary major or double major is a good way. If you are interested in the field of finance, the department will be a great opportunity for you.
If you set a firm goal and work hard, I am sure that you will get a tremendous opportunity.
I am Choi Mi-hwa who has enrolled the Department of Statistics and Actuarial Science in 2005.
I prepared for the actuarial exam during my undergraduate studies and passed the exam in 2011. I am currently working at the Actuarial Department of PCA Life, a British insurance company.
Let me briefly explain my work. First of all, I am conducting a liability adequacy test or LAT. LAT is the task of evaluating whether the actual amount of liability reserves accumulated by an insurance company is appropriate by evaluating the amount corresponding to the insurer's liabilities at the market price. I use an actuarial program called Prophet to calculate cash flows. Estimating future cash flows requires both actuarial and economic assumptions. I am responsible for calculating the claim assumption among actuarial assumptions. I am also in charge of verifying basic documents and closing claims.
Subjects related to actuarial science and statistics that I took while in university for 4 years helped me a lot for work in the actuarial field. In particular, our department has a well-established curriculum for becoming an insurance professional, so it was very helpful for me to prepare for the actuarial exam and get a job at an insurance company. I hope that you will become great actuaries in the future based on your active university life.
I am Choi Seon-gyu who has enrolled the Department of Statistics and Actuarial Science in 2005.
When I returned to school after being discharged from the military, I thought a lot about my future career and became curious about the field of medical statistics.
I entered the graduate school of medical statistics thinking that I could make a beneficial contribution to the field of medicine that saves people. I am currently working as a researcher in the Biostatistics Department at the Biostatistics and Clinical Epidemiology Center at Samsung Hospital. I am in charge of managing and analyzing various clinical data.
I feel rewarded by collaborating with doctors through statistical and clinical data analysis and completing the thesis. In addition, various statistics graduates are working in various fields, including pharmaceutical companies, contract research organizations (CROs), and national health institutions.
The basic statistics subjects and computing skills I learned in my undergraduate studies are now helping me a lot. I wanted to point out that there is also a path to medical statistics among many different fields that you can enter after graduating from our department. Finally, I want you to become a good medical statistician.
I am Han Cheol who has graduated from the graduate school of the Department of Statistics and Actuarial Science in 2009.
I am currently working as a researcher at Life Care Research Center, Product Customer Office, Samsung Life Insurance. Our laboratory is divided into project groups and risk centers. At the risk rate center, I am mainly responsible for the integrated management of basic statistics for risk rate calculation and the management of the mortality profit and loss. analysis system for each product, collateral, job type, and region. In addition, I am also engaged in actuarial-related tasks such as segmentation of mortality profit and loss and risk ratio development. In other words, our research center's risk rate center is the department that oversees risk rate development, which is an important factor in product development.
I would like to congratulate you on joining our department, and let me briefly introduce the profession of an actuary. Actuarial science is the application of statistics in the financial field. Actuary in the United States is one of the most respected professions in society. Even in Korea, actuary is one of the most respected professions in the insurance industry. I hope that you all take pride in choosing this path and work hard with passion and perseverance to earn your actuary license while you are in graduate school.