professional development actuarial professionals technical professionals mark s. allaben, fcas, maaa...
TRANSCRIPT
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Professional Development
Actuarial Professionals
Technical Professionals
Mark S. Allaben, FCAS, MAAA
The Hartford
VP and Actuary
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Actuarial Professionals
ExamsLeadership/ManagementOn-the-Job TrainingOther Opportunities
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Actuarial ProfessionalsExamsStudy Time
• 120 – 140 hours per sitting• Flexible Schedule
Study Materials• Buy/Borrow• Actex• CAS Library
Seminars – Exam PreparationStudy Group - Student LeadMentors
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Actuarial ProfessionalsExamination Success Criteria
Pass One Exam Every Third Sitting
(Three strike rule)Three Strikes and AssociateshipCompany Wide StatisticsPeer Performance
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Actuarial ProfessionalsAdditional Exam Support
Exam Overview SessionsStudy Techniques SessionsGrading Process ExplainedExam Writing Tips
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Actuarial ProfessionalsExam Study Policy Measurement
Pass Ratio Statistics– Where possible, The Hartford vs. Industry– By Exam– By Seminar Type– By First vs. Subsequent Sitting
Cost per Pass
Rewards
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Actuarial Professionals Leadership/Management
Teams – Cross FunctionalSupervision of EmployeesCompany Sponsored TrainingSpecial AssignmentsAdvanced Education – Post Graduate
Work
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Actuarial Professionals On – the – Job Training
Exposure to Personal, Commercial and Specialty Lines
Exposure to Pricing, Planning, Reserving and non-Traditional Areas
Rotation Program – Formal Moves
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Actuarial Professionals Other Developmental Activities
Industry Committees
Government Affairs – Regulatory
Community Service
Professional Organizations
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Technical Professionals (Non-Exam Track Analysts)
Who They AreCareer PathsExam Support
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Technical ProfessionalsWho They Are
Former Exam Students– Individual Situations
Pure Non-Exam Takers– Desired Background– Skills Needed
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Technical ProfessionalsCareer Plans
Clear Job Descriptions– Various Positions Depending on Utilization
Career Path– Clearly Defined Opportunities
Career Alternatives– Departmental Advancement vs. Pursuing
Other Functions
Glass Ceilings
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Technical ProfessionalsExam Support for non-students
What’s Included (maybe)– Borrow/Buy Materials
– Exam/Material Fees
– Seminar Fee
What’s Excluded– Study Time
– Rewards for Passing
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Technical ProfessionalDevelopment Plans
Leadership/ManagementOn-the-Job TrainingOther Development ActivitiesCreate a Structured Program
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Professional Development
Questions?