News On Japan

Calculating Risk and Responsibility: The Life of an Actuary

TOKYO - In the 18th installment of the series “Paths for Science Students,” Mitsubishi UFJ Trust Bank’s Eguchi offered a detailed look into the little-known but vital world of actuaries—professionals who apply mathematics, probability, and statistics to assess financial risks in pensions and insurance.

Eguchi described the main duty of an actuary as calculating corporate liabilities related to retirement benefits and pension systems, ensuring that companies properly recognize these obligations. “Our role is to calculate the necessary contributions and report the results to clients so that their management is not negatively affected,” he said.

His interest in the profession began during his second year as a mathematics student at university, when he began exploring careers that made practical use of mathematical skills. “I came across actuarial work online and found it suited my strengths,” he recalled. While he also considered accounting and quantitative finance, he chose the actuarial path because it allowed for self-directed study toward certification.

Actuarial work in Japan generally falls into three categories: pensions, life insurance, and nonlife insurance. Eguchi chose the pension field because it involves direct interaction with corporate clients rather than internal accounting. “I enjoy working with people, so I felt the pension field was a better fit,” he said.

Eguchi joined Mitsubishi UFJ Trust Bank for its strong support system for qualification studies and professional growth. The bank provides study leave before exams and has one of Japan’s largest actuarial teams, with about 70 certified actuaries and over 100 trainees currently pursuing certification.

After joining, Eguchi discovered that the job involved far more teamwork than he had expected. “Actuaries collaborate closely with general staff and temporary employees to produce accurate reports. I realized how essential communication is,” he said. The bank also gives young actuaries significant responsibilities early in their careers, allowing them to manage major projects, coordinate schedules, and handle client communications from start to finish.

Earning full actuarial certification is a demanding process that typically takes around eight years. Candidates must pass five subjects in the first stage of exams and two in the second. “Maintaining motivation over such a long period is crucial,” Eguchi explained. He added that while students don’t need the qualification when applying for jobs, those aiming to become actuaries should start studying early to complete as many subjects as possible before joining a company.

According to Eguchi, the profession suits people who enjoy thinking deeply and solving problems. “You must constantly check the validity of data and compliance with laws and accounting standards,” he said. “If something doesn’t add up, you investigate until it makes sense.” He also emphasized that humanities students can succeed as long as they are comfortable with numbers and committed to continuous learning.

Looking ahead, Eguchi hopes to expand his expertise beyond pensions into risk management and data analysis—areas that are becoming increasingly important for actuaries worldwide. “Passing the exams is just the beginning. I want to keep growing and building a second area of expertise,” he said.

He finds the greatest satisfaction when clients express appreciation for his work. “Pension actuaries are involved in every stage of the process, from planning to final reporting. Hearing gratitude from clients makes all the effort worthwhile,” he said.

Source: 産経ニュース

News On Japan
POPULAR NEWS

A fire broke out at Arima Inari Shrine near the Arima Onsen hot spring resort area in Kobe on the night of June 9th, destroying multiple buildings and leaving an elderly Shinto priest and his wife with minor injuries.

Japan, which records the shortest average sleep duration among OECD countries, is launching new efforts to tackle widespread sleep deprivation, including the opening of specialized sleep disorder departments and programs aimed at improving children's sleep habits through sports and physical activity.

Japan's national soccer team arrived in Nashville, Tennessee, on June 8th from Monterrey, Mexico, where it had been conducting a pre-World Cup training camp, and held its first practice session at its base camp for the FIFA World Cup in North America.

A prolonged eruption at Sakurajima on June 7th blanketed parts of Kagoshima City in volcanic ash, turning roads gray and prompting long lines of vehicles seeking car washes after a plume of smoke rose 1,300 meters above the crater.

A powerful earthquake struck off Mindanao Island in the southern Philippines at 8:38 a.m. (Japan time) on June 8th, generating tsunami waves across parts of the Pacific, causing building collapses and casualties near the epicenter, and prompting the Japan Meteorological Agency to issue tsunami advisories along a wide stretch of Japan's Pacific coastline before lifting all of them at 4:50 p.m.

MEDIA CHANNELS
         

MORE Education NEWS

Birthrates in neighboring Kyoto and Shiga prefectures have moved in opposite directions, with experts pointing to housing costs, commuting convenience, and stable employment as key factors shaping where young families choose to live.

A panel exhibition held in Sapporo this year has reignited debate over what many experts and Ainu activists describe as a new form of discrimination—one that denies the Indigenous status of the Ainu people and seeks to reinterpret the history of discrimination they endured in Japan.

Elementary school students across Japan took part in the National Elementary School Toothbrushing Event on June 5th, with children at approximately 6,000 schools learning proper brushing techniques and oral hygiene practices under the guidance of dental hygienists.

Japan's total fertility rate, which represents the average number of children a woman is expected to have during her lifetime, fell to a record low of 1.14 in 2025, underscoring the country's deepening demographic challenges.

As Japan's shrinking youth population continues to reshape the education sector, a girls' high school in Kyoto has announced plans to become coeducational beginning next academic year.

Heart of the Country” is the story of Shinichi Yasutomo, the extraordinary principal of a rural elementary school in Kanayama, central Hokkaido, Northern Japan. Yasutomo is a man driven by his vision for learning and his passion for educating the heart as well as the mind. (TRNGL)

An Indonesian bus driver working in Tokyo says language barriers and differences in communication styles remain among the biggest challenges facing foreign workers in Japan, highlighting the importance of support from employers and colleagues as the country increasingly relies on overseas labor.

Japan will begin rolling out a major overhaul of its disaster weather information system from the afternoon of May 28th, reorganizing warnings and advisories to make it easier for residents to understand when they should evacuate.