⭐ Have you ever thought about working for an actuarial consultancy? General Insurance
14 Jun, 20241 minGeneral Insurance / Property and Casualty Consulting Opportunities - Have you ever thought a...
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General Insurance / Property and Casualty Consulting Opportunities - Have you ever thought about working for an actuarial consultancy?
Now is a great time to explore this further. Star Actuarial Futures is working with a wide range of UK consulting firms who are looking to grow their non-life insurance actuarial teams.
We have opportunities at a range of levels from analyst (c.2yrs' industry experience) up to Director level, and with consulting firms who offer very different things to the market – big-4, financial services consultancies, strategy consulting firms, and specialist actuarial firms.
Whatever stage you are in your actuarial career, we truly believe that there is a consultancy role that could work for you, whatever your specific interests, circumstances, ambitions and background might be.
And some are happy to provide sponsorship for candidates with existing UK markets experience.
So why might joining a consultancy be suitable for you?!
- Variety of projects – an opportunity to grow new skills in new areas that most company roles can’t give you. A personal lines reserving actuary who can work on London Market pricing projects.
- Variety of clients – even as a sector specialist, you’ll work with many different clients, giving you a perspective of the market that most internally focused company roles can’t give you.
- Networks, networks, networks – As well as working with actuarial professionals across the market, you’ll also develop superb networks with the various different professionals within the consultancy firm. You can be part of multi-disciplinary teams working alongside technology specialists, project managers, compliance experts, etc.
- It could fit around your personal circumstances – Term-time only work. Part time / flexible hours. Some nearly fully remote, others mostly office based. Not all consultancies are the same, and recognise that not all actuarial consultants want to work the same way!
- Genuine opportunity to take control of your career, and develop in a direction and at a pace that works for you – Consultancies are great platforms to build skills that allow you to progress in your career, whether you want to become a chief actuary, CRO, technology specialist, transformation expert, or even a lion tamer (maybe not this one, but who knows….. dealing with difficult clients, risk management, public presentations... 😂)
What skills and experience are they looking for?
Well, you name it, and they’re probably supporting the market with it. Although reserving and capital projects have been the mainstay of consulting work for years, we’re seeing more actuaries getting involved in wider issues affecting the insurance market, and being used not just for their regulatory knowledge, but their strategic insight too.
- Reserving – audit, process transformation, functional support
- Pricing – automation and transformation, model design and development, underwriting triage, strategy projects
- Capital – model design, build and validation, regulatory change strategy
- Climate Risk and Catastrophe Modelling
- Cyber risk, Insurtech, enterprise risk, ILS
- Lloyd’s and London Markets
- Commercial and personal lines markets
- Insurance broking
Thinking it could be worth looking into?
At Star we work with all of the major UK consulting firms, so can give you a broad and unbiased view of the market. We can help you to explore your options without any pressure, and ensure that any decisions you make are done with full due diligence that is relevant to you.
Give me a call to find out more – 07714 661538 or email me to schedule a chat at richard.foulds@staractuarial.com