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  #1  
Old 01-18-2011, 09:07 PM
Elsaball Elsaball is offline
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Default Why P&C/Life/Health/Pensions?

I know these questions have been discussed heavily in this forum, but I thought it would be useful for students seeking entry-level positions to have a concise yet extensive summary of how to answer these questions in interviews.

Please contribute whatever you can, and I will update this post as more people provide responses.

P&C:
  • LOB's are very diverse, especially within specialty lines (e.g., Directors and Officers, EPL, Fiduciary, Excess Casualty, Crime).
  • Dynamic field. Because the LOB's are so diverse, actuaries must learn the how the law, demographics, weather, geography, and current events affects all of their LOB's.

Life:
  • More finance related
Health:
  • Very dynamic field, because no one knows the full extent of ObamaCare's implications yet.
Pensions:
  • Consulting-heavy
  • Whoever chooses me will be the path I go with.

Last edited by Elsaball; 01-19-2011 at 11:45 AM..
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Old 01-18-2011, 09:10 PM
Dr T Non-Fan Dr T Non-Fan is offline
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Stating the pat response will be an indication of heavy browsing and posting to the AO.
"I don't have a preference. Every place I've interviewed seems very interesting. Whoever chooses me will be the path I go with."
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Old 01-18-2011, 09:16 PM
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LifeIsAPoissonProcess LifeIsAPoissonProcess is offline
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Whoever chooses me will be the path I go with.
Mainly this.
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Old 01-18-2011, 09:28 PM
Elsaball Elsaball is offline
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But you can't say that at an interview, or you won't get chosen by anyone.
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Old 01-18-2011, 09:42 PM
PhildeTruth PhildeTruth is offline
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Quote:
Originally Posted by Elsaball View Post
But you can't say that at an interview, or you won't get chosen by anyone.
If you have a pension interview, make sure to tell them that you like a challenge and would like to turn around a dying field.
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Old 01-18-2011, 09:54 PM
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KingWithoutACrown KingWithoutACrown is offline
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Originally Posted by PhildeTruth View Post
If you have a pension interview, make sure to tell them that you like a challenge and would like to turn around a dying field.
Lol. I went on an interview for a pension position at Mercer and they said they were outsourcing all their valuation work to a center and that frees up time for, woot, special projects. Pretty good sales pitch.
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Old 01-18-2011, 10:09 PM
d123454321 d123454321 is offline
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I thought many of the big consulting firms did that (outsourced valuations) already for Pensions. It seems like the actuaries will become more so consultants, than technicians.

For P &C it's easy to interview, just talk down everything (Life/pensions are boring blah blah) else mildly, every P&C actuary I've spoken to gets a kick out of it and usually adds on a few more remarks.

For pensions, mention how you like the challenge , and prefer consulting.
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Old 01-18-2011, 10:29 PM
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ElDucky ElDucky is offline
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Just tell them if they hire you, all of their hopes and dreams will come true.
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Old 01-18-2011, 10:34 PM
PhildeTruth PhildeTruth is offline
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Just tell them if they hire you, all of their hopes and dreams will come true.
If they don't hire you, make sure to piss on their building.
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Old 01-18-2011, 11:38 PM
vicho vicho is offline
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Quote:
Originally Posted by ElDucky View Post
Just tell them if they hire you, all of their hopes and dreams will come true.
Hire me; my hopes and dreams will come true!
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