When NOT to Work with a Recruiter

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While I was out to lunch yesterday I received a voice mail from a recruiter who was very impressed with my actuarial background specifically within the Medicare advantage space. He had a career opportunity for me that he wanted to discuss. Considering the fact that I  am a headhunter without actuarial work experience, it was… Read more »

Medicare Advantage – A Growth Opportunity for Insurers

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Why is this chart on Medicare Advantage market share interesting to insurers?     One-third of Medicare beneficiaries were covered by private plans in 2017 according to the Centers for Medicare and Medicaid Services. By 2020, half of Medicare beneficiaries or 38 million people are expected to be in Advantage plans. “11,000 baby boomers age… Read more »

Will Data Scientists Replace Actuaries?

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As we embark on what should be an eventful 2018, there’s quite a bit that actuaries should be mindful of. From rising political tensions to tax reform the future is somewhat unclear, but job security is one area where actuaries seem to be well situated. While enjoying some Christmas cheer with colleagues I was asked… Read more »

Smith Hanley Offers New Career Options for Actuaries

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Actuarial Science continues to be a dynamic career choice. Smith Hanley Associates experienced 40% actuarial placement growth in 2017 due to the addition of some new and exciting clients in unique applications and unique industries, as well as growth in our core consulting and carrier business. Before we flip the calendar page to 2018 we… Read more »

Actuaries Might Be Your Best Friend in Hurricane Season

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    “It is fair to say that climate change is challenging our long established risk models, especially for wind-based disasters.  In other words, what we now think of as a 1-in-500 year event may no longer be such a low probability incident as storms intensify as a result of climate change,” Sherif El-Tawil, Professor… Read more »

6 Best Companies for an Actuary to Work For

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We’ve all seen the best companies to work for lists, or the great workplace awards or the company with the most desirable benefits ranking. What about if you are an Actuary? Executive Recruiter, Rory Hauser, pulls together information from many of these “best lists” to share with you the Best Companies for an Actuary. TIAA-CREF… Read more »

Bundled Payments – Ho hum or a Seismic Event for Health Care?

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You may not have heard of this…yet…but the health care system had a seismic event in 2015 when the Obama administration mandated a bundled payment model for joint replacement surgery paid for by Medicare. Ho hum, you say? The health care providers involved, physicians, hospitals, labs and post-acute providers to name just a few, aren’t… Read more »

Meet the Team: Rory Hauser, Actuarial Recruiting Practice Lead

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Rory Hauser has a dog named Boomer.  A high impact dog for a high impact recruiter. Rory is as active in his work day, sourcing for clients and candidates, as he is after hours, hiking, biking and skiing.  High energy individuals are terrific recruiters because they don’t rest until the client has their ideal candidate… Read more »

I’m an Actuary. Can I be a Data Scientist?

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The Data Science revolution is not going away and it pays for actuaries to prepare for the impact that big data is having on the insurance industry and their careers. The Healthcare and Property and Casualty industries have led the way in establishing the Data Science/Actuary hybrid. Josh Wills, Director of Data Engineering at Slack… Read more »

Savvy Actuaries Embrace Predictive Modeling

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Stuart Rose, Global Insurance Marketing Director at SAS, said insurance companies can increase profits by utilizing analytics across five business areas: Actuarial, Claims, Customer, Channel and Risk. Actuarial The Society of Actuaries has recently posted a number of interesting articles on the use of predictive modeling in life underwriting and quantifying mortality risk. Towers Watson… Read more »