The data science revolution is impacting actuarial careers. We are re-running our very popular 8/8/16 blog titled: I’m an Actuary. Can I be a Data Scientist? to open the discussion on how actuaries can augment their skill set to take advantage of the explosion of available data. What do you need to do as an… Read more »
“Unfortunately, the Florida Supreme Court’s ruling is not about safety or protecting workers. The effect of the Castellanos decision is to raise costs for no other reason than so plaintiff trial lawyers can raise fees, “ said Mark Wilson, the Florida Chamber of Commerce President. Rulings at the Florida Supreme Court in Castellanos versus… Read more »
SIFI (systemically important financial institution) designation is starting to have an impact on actuarial hiring. This designation requires insurance companies to have more stringent capital standards and compliance burdens that are similar to those that banks have to adhere to. This SIFI designation for three large insurance companies, MetLife, Prudential and AIG, has them reacting… Read more »
As long as companies continue to focus on offsetting financial risk, job security and career growth for actuaries is assured. Innovation is creating more and different opportunities for candidates who are open to change and willing to expand their statistical knowledge to new applications. The increasing competition between insurance companies and consulting firms will continue… Read more »