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Professional Development

Professional Development. Actuarial Professionals Technical Professionals Mark S. Allaben, FCAS, MAAA The Hartford VP and Actuary. Actuarial Professionals. Exams Leadership/Management On-the-Job Training Other Opportunities. Actuarial Professionals Exams. Study Time

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Professional Development

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  1. Professional Development Actuarial Professionals Technical Professionals Mark S. Allaben, FCAS, MAAA The Hartford VP and Actuary

  2. Actuarial Professionals • Exams • Leadership/Management • On-the-Job Training • Other Opportunities

  3. Actuarial ProfessionalsExams • Study Time • 120 – 140 hours per sitting • Flexible Schedule • Study Materials • Buy/Borrow • Actex • CAS Library • Seminars – Exam Preparation • Study Group - Student Lead • Mentors

  4. Actuarial ProfessionalsExamination Success Criteria • Pass One Exam Every Third Sitting (Three strike rule) • Three Strikes and Associateship • Company Wide Statistics • Peer Performance

  5. Actuarial ProfessionalsAdditional Exam Support • Exam Overview Sessions • Study Techniques Sessions • Grading Process Explained • Exam Writing Tips

  6. 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

  7. Actuarial Professionals Leadership/Management • Teams – Cross Functional • Supervision of Employees • Company Sponsored Training • Special Assignments • Advanced Education – Post Graduate Work

  8. 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

  9. Actuarial ProfessionalsOther Developmental Activities • Industry Committees • Government Affairs – Regulatory • Community Service • Professional Organizations

  10. Technical Professionals(Non-Exam Track Analysts) • Who They Are • Career Paths • Exam Support

  11. Technical ProfessionalsWho They Are • Former Exam Students • Individual Situations • Pure Non-Exam Takers • Desired Background • Skills Needed

  12. 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

  13. 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

  14. Technical ProfessionalDevelopment Plans • Leadership/Management • On-the-Job Training • Other Development Activities • Create a Structured Program

  15. Professional Development Questions?

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