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  #1  
Old 09-07-2014, 03:34 PM
ecosi ecosi is offline
 
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Default Reasons for working in reinsurance

Hello,

I'm about to finish my degree in mathematics; I've done an internship with GI actuaries and definitely want to be an actuary and work in insurance. However, I don't know much about reinsurance beyond the purpose of its existence. Could someone please explain to me the pros and cons of being a reinsurance actuary?

Do they use different statistical techniques, or programmes? Is it more / less quantitative? How is the work different, on a day-to-day basis, and on a longer term? What are your personal reasons for working in primary / reinsurance?

Thanks!
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  #2  
Old 09-07-2014, 05:26 PM
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They're at the top of the food chain.
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Old 09-07-2014, 06:16 PM
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Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
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Quote:
Originally Posted by dukelampard View Post
They're at the top of the food chain.
Well, except for the guys that securitize the stuff.
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Old 09-07-2014, 06:25 PM
jas66Kent jas66Kent is offline
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Yeah, I'd also put the financial guys ahead of the Re folks.
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Old 09-07-2014, 07:02 PM
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Well, except for the guys that securitize the stuff.
Good point, haha
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Old 09-07-2014, 07:46 PM
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Colonel Smoothie Colonel Smoothie is offline
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They're at the top of the food chain.
Is commercial lines > personal lines? I need a reason to assert my dominance over dukelampard.
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Old 09-07-2014, 08:13 PM
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Is commercial lines > personal lines? I need a reason to assert my dominance over dukelampard.
That's what I've anecdotally heard on the AO. Assert away.
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Old 09-07-2014, 08:16 PM
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Something something personal lines obsolete soon
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Old 09-07-2014, 08:17 PM
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Is commercial lines > personal lines? I need a reason to assert my dominance over dukelampard.
There are more opportunities to code in personal lines...
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Old 09-08-2014, 12:35 AM
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There are more opportunities to code in personal lines...
I believe this is true. In commercial lines on the other hand you have to deal with broker/underwriter politics.
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