Skills & Experiences

Foundation Foundation
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Learning insurance fundamentals and applying principles of actuarial science
Core Skills
Time management; communication; detail-oriented; interpersonal; resourcefulness; active listening; building relationships

Key Experiences
Developing understanding of products / lines of business within your organization; Using resources available to help analyze risk being insured; Supporting team in developing / applying actuarial rules and underwriting frameworks; Providing solutions / alternatives to underwriters if risks do not fit product parameters; Building understanding of legal / regulatory framework

Building Building
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Building on your insurance fundamentals, experience, and actuarial acumen to date

Core Skills

Negotiation; building strong relationships (e.g. risk management, clams, underwriting, business development, etc.); initiative; analysis; multitasking; business communication
Key Experiences

Building more specialized modelling knowledge and insurance expertise; Growing comfort in supporting establishment of actuarial / underwriting rules; Manipulating / conducting analysis on data with increased nuance / complexity in the datasets; Determining rates, premiums, and reserve ratios in consultation with actuarial colleagues

Enhancing Enhancing
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Enhancing your insurance knowledge and actuarial expertise
Core Skills
Problem solving; creativity; managing relationships to foster success; providing support/advice to team members; critical thinking; strategic analysis; cross functional communication
Key Experiences
Applying specialized actuarial / insurance expertise to an array of models within a particular practice or product area; Having oversight of actuarial models used to inform insurance practice, compliance, and underwriting decisions; Providing advice / solutions to underwriting leads, loss control accounting, etc. with minimal supervision to ensure compliance and business optimization; Facilitating the process of rate making, reserving, and managing risk; Advancing understanding of regulatory framework / key business drivers

Mastery Mastery
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Transitioning to technical consultant / leader of a team of actuaries with increased autonomy and decision making power

Core Skills
Strategic thinking; operational leadership; change management; teaching / coaching; conflict management

Key Experiences
Providing cross functional guidance and leadership to underwriting, risk management, claims, etc. to inform business/product development, process optimization, and effective claims management; Managing and facilitating the process of rate making, reserving, and managing risk; Contributing to or leading projects, implementing new or revised actuarial rules, models, and technology support / systems across the organization