"The delisting will also not change the company's share structure," said Li Mingguang, vice-president, chief actuary and board secretary of China Life Insurance Co Ltd. "Investors can change American depositary shares into H shares if they want to continue to hold China Life's stocks.

中国人寿保险股份有限公司副总裁、首席精算师兼董事会秘书李明光表示：“退市也不会改变公司的股权结构。如果投资者想继续持有中国人寿的股票，可以将美国存托股票改为H股。”。

FRC, an independent British regulator for auditors, accountants and actuaries, said it has fined PwC 4.55 million pounds (about $5.77 million) and gave the firm a severe reprimand.

- Accountancy giant KPMG was fined 5 million pounds (about 6.5 million US dollars) over an audit misconduct of Co-operative Bank in 2009, revealed a statement issued Wednesday by the Financial Reporting Council (FRC), an independent British regulator for auditors, accountants and actuaries.

Jason Yao, chief financial officer and chief actuary, said the Chinese mainland's insurance market was far from saturated compared with that in other developed countries.

SOA: Relaxed measures to enhance operating flexibility, drive innovationChina's huge market size, the ongoing maturity of the insurance industry and the relaxed grip on foreign ownership all point to more room for the development of foreign insurance companies' operations in the country, said Andrew Peterson, managing director of the international department at the Society of Actuaries.

Actuaries are important under such circumstances to educate industries and governments on the importance of risk management.

Meanwhile, actuaries should help price products more appropriately in such extreme events, making products affordable and preventing insurance companies from bankruptcy due to erroneous pricing, he said.

Actuaries analyze the financial costs of risk and uncertainty using math, statistics and financial theory to assess the risk of potential events to help businesses and clients develop policies that minimize risk costs.

Actuaries' work is essential to the insurance industry.

Founded in 1889, the SOA is the world's largest professional institution for actuaries, serving more than 32,000 members as of December 2022.

Describing actuaries as a "small profession", Peterson estimated that there may be 100,000 actuaries around the world.

The challenges posed by the long-term savings business, especially the interest rate environment, in the first half of 2018 is the major reason for the decrease, said Li Mingguang, vice-president, chief actuary and board secretary of China Life Insurance.