The SI of SDUFE was established in November 2011, by combining Shandong Economic University and Shandong University of Finance. SUF began to enroll undergraduates of Social Security and Insurance from 1995. Both SEU and SUF began to offer Insurance and Actuary major to undergraduates and postgraduates from 2003. The SI now has an enrollment of more than1200 undergraduates and postgraduates, with the scale of undergraduates ranking the second in all insurance disciplines of universities in China.