Last week the results of the 2016 Honorary Fellows Election revealed Zhao Yulong as their selection; making him the first mainland Chinese to receive the honor.
The British Institute and Faculty of Actuaries, established in 1848, was the first of its kind in the entire world and has more than 28,000 members. Only 100 of those who have made great contributions within their disciplines have been selected as honorary fellows. This year Zhao Yulong was elected after three rounds of nominations and public selections by the official committee and board of directors.
Zhao Yulong graduated from the SUFE School of Accounting and received his doctoral degree in 2000. He is the Deputy Director General of Finance and Accounting (Solvency) department within the China Insurance Regulatory Commission (CIRC). He was the main developer for China GAAP and has led the development of the China Risk Oriented Solvency System (C-ROSS), which was implemented in January 2016 and has received a great amount of attention from the world insurance industry. Through this work he has worked closely with many actuaries both in China and Europe. It is for these prominent achievements in risk management and leadership in the insurance industry that he has earned this honor.
