٠ Brian Nyland ٠ Louis Posick, ASA ٠ Ashley Payne University of Florida Presentation Presenters:

Slides:

Advertisements

Similar presentations

Human Resources Administration in Education

Advertisements

OverviewOverview – Preparation – Day in the Life – Earnings – Employment – Career Path Forecast – ResourcesPreparationDay in the LifeEarningsEmploymentCareer.

Instructor’s Name Semester, 200_

Insurance.  Many people in the US are uninsured – assume all responsibility for health care costs.  Insurance decreases out of pocket expenses for health.

Rising in the Actuarial Profession through the CAS March 4, 2014 Ron Wilkins.

We’re Allstate Actuaries! Explore the possibilities. Proprietary of Allstate Insurance Company. Copyright © 2003.

What are the Actuaries’ primary roles in financial institutions?

Information Session on the Actuarial Science Major (ACS)

Health Insurance Has Changed NOT Supplemental Insurance.

Actuarial Science Roadmap to Success. What is Required to Succeed Hard Work Intelligence Math Aptitude Business Skills Communication Skills.

Careers in Mathematics Actuaries’ Careers

ACTUARIAL SCIENCE MA/STAT 170 SEPTEMBER 14, 2006.

Actuarial Science An Introduction. What is an Actuary? “An actuary is a person who analyzes risks and plans for the financial security of people and bisinesses.

Webinar on Changes to the CAS Basic Education System November 6, :00 - 1:00 p.m. EDT.

Education and Examination at the SOA Purdue University March 3, 2008.

Accounting Is Fun! Introduction To Accounting

Pricing ISU Alumni Day Presentation Carol Sorenson, FCAS, MAAA Workers' Compensation.

October 5, 2006Purdue University Reserves James Miles, FSA, MAAA October 5, 2006.

Financial Accounting, Sixth Edition

4.01 Accounting and Finance. What is Accounting? Method of reporting financial activity of a business Financial transactions recorded in an orderly fashion.

CHAPTER © 2012 The McGraw-Hill Companies, Inc. All rights reserved. 13 Workers’ Compensation and Disability.

Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 12-1 Chapter Twelve Auditing the Human Resource Management Process.

Dr. Mohamed A. Hamada Lecturer of Accounting Information Systems

First General Meeting Officer Introduction Actuarial Profession/Requirements Overview Upcoming Events.

Principles of Business, Marketing, and Finance Financial Planning Copyright © Texas Education, All rights reserved.

Review Basic Accounting. Fundamentals Assets are anything the business owns that has a dollar value (debit balance on the “T-accounts”) Liabilities are.

CONSUMER ECONOMICS EOCA STUDY GUIDE.  CENTRAL IDEAS  NON HUMAN RESOURCES PG. 26  PROFIT MOTIVES PG  What motivates people to spend money? 

Chapter 13 Preparing Payroll Records. Salary The money paid for employee services.

CHCWG DRAFT March 2, 2006 Hearing from the American People: Preliminary Overview of Sources and Reports March 2006 Caution: Preliminary Data Do not cite.

Click here for Game Rules & InstructionsClick here for Game Rules & Instructions: Copyright.

The opportunities are endless…… Careers In Insurance.

Principles of Business, Marketing, and Finance Lesson Four

Chapter 1 Overview of a Financial Plan

Chapter 25 Introduction to Risk Management

ACTUARIAL SCIENCE MA/STAT 170 AUGUST 25, Me! Prof. Richard Penney Co-Director Actuarial Science.

September 20,  Educational & Social Club  Goals:  Raise career awareness & promote Stat/Actuarial Science Major  Help simplify the actuarial.

Presenter Name (Edit on Slide Master) Title (Edit on Slide Master) Company (Edit on Slide Master) September 18, 2015 (Edit in View: Header and Footer)

Overview n Preliminary Definitions n What is an Actuary? n What do Actuaries do? n What skills are needed to be an Actuary? n Where do Actuaries work?

Actuarial Science Club Orientation University of Toronto.

Become an actuary Jumpstart a promising career by joining the actuarial program at FDU.

Insurance. Health Insurance  Many people in the US are uninsured – assume all responsibility for health care costs.  Insurance decreases out of pocket.

Test Review Taxes, Insurance, Benefits,. Fixed Expense  Expenses that stay the same each month are.

The Actuarial Profession

ACTUARIAL SCIENCE MA 108 November 7, Me! Prof. Richard Penney Co-Director Actuarial Science.

Indiana University Corporate Accounting POOP Session September 19, 2000.

Background Graduating third-year Economics and Public Policy major UChicago Careers in Business Passed exams P/1 and FM/2 Summer 2012: Actuarial Intern.

Chapter 25 Introduction to Risk Management

Society of Actuaries Education Update March 12, 2013 Spring 2013 Actuarial Education Event Drake University March 12, 2013 Spring 2013 Actuarial Education.

Actuarial Science An Introduction.

Principles of Business, Marketing, and Finance Financial Planning Copyright © Texas Education, All rights reserved.

Introduction to Insurance Source of Lesson Resources: Next Gen Personal Finance.

Brought to You By: About an Actuarial Career Be An Actuary A Career Without Boundaries Presented By: Laura McSweeney.

Chapter 1 Overview of a Financial Plan. Copyright ©2014 Pearson Education, Inc. All rights reserved.1-2 Chapter Objectives Explain how you benefit from.

Actuarial Career Tracks Presented By Matt Duke, ACAS, MAAA, ARe.

Indiana University of Pennsylvania Brian E. Johnson, ACAS, MAAA Senior Vice President Swiss Re American Corp.

Financial Analysis Introduction Sipei Zhang October- December 2015 Moodle : Financial Analysis Subject: « FSA » 1.

Date: Tuesday March 25 th 2014 Aim: How can you prepare for your retirement? Do Now: Why is it important to invest in a retirement fund? When should you.

Chapter 12 Auditing the Human Resource Management Process Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution.

2016 Actuarial Club Kick Off Meeting 09/15/2016

Kelly McManus, FSA John Hancock Financial Services

Taxes, Insurance, Benefits,

PROFIT AND CONTINGENCIES (FIN-28)

BY: Levi K Actuaries.

The Actuary Club at UMD First Meeting 9/23/15.

ACTUARIAL SCIENCE MA/STAT 170 AUGUST 23, 2016

Types of Insurance Advanced Level.

University of Michigan Actuarial Program

University of Michigan Actuarial Program

Reassessing the relationship between pure and applied mathematics

Becoming an Actuary.

Presentation transcript:

٠ Brian Nyland ٠ Louis Posick, ASA ٠ Ashley Payne University of Florida Presentation Presenters:

UF Presentation Agenda Introduction Get To Know Allstate Workplace Division Advantages Of Working At Allstate Actuarial Career At Allstate Workplace Division Transitioning Into The Actuarial Career Exam Overview Question and Answer

Get To Know Allstate Workplace Division How Does Allstate Workplace Division Fit Into The Bigger Allstate Company? Supplemental Insurance through Payroll Deduction Types Of Products Available

Allstate Workplace Division Products Types of Products Include Disability Accident Cancer Hospital Indemnity Medical Coverage Term Life UL Group Life and Accident & Health

Advantages of Working as an Actuary at Allstate Workplace Division Competitive Study Program Current Plan As of March 2006 Company Study Hours –Competitive hours based on exam hours Payment of Exam Fees, Study Materials & Preparation Seminars Competitive Salary Increases Upon Passing

Advantages of Working as an Actuary at Allstate Workplace Division Employees Are In Good Hands Generous Benefits Continued emphasis on employee satisfaction An environment that promotes a high level of integrity

Actuarial Career At Allstate Workplace Division Valuation How much money must the insurance company set aside (reserve) so that we can afford to pay claims when they occur? The answer depends on the required level of confidence (and who is asking) STAT (Statutory Reporting) TAX GAAP (General Accepted Accounting Principles)

Actuarial Career At Allstate Workplace Division Valuation Manage Company Reserves For Insurance Liabilities Perform Financial Modeling Analyze & Explain Company Monthly Income Recommend Product Profitability Improvements

Actuarial Career At Allstate Workplace Division Product Development Developing and Filing New Policies Maintenance of In-Force Policies Balance desires of agents with the needs of the policy holder while keeping the product profitable Creative Statistics

Transitioning Getting Experience In College Familiarity with Computers & Programs General Tips for the Business World Difference in Study Techniques Financial Incentives for Passing Exams

Path to Actuary Preliminary Course Work Validation by Educational Experience (VEE) –Applied Statistical Methods, Corporate Finance & Economics Four Exams –Exam P: Probability –Exam FM: Financial Mathematics –Exam M: Actuarial Models –Exam C: Construction & Evaluation of Actuarial Models

Path to Actuary ASA Requirements Fundamentals of Actuarial Practice (FAP) –Modules 1-5 and Exam 1 –Modules 6-8 and Final Assessment Associate Professionalism Course (APC)

Path to Actuary FSA Requirements Two Track Specific Examinations Exam DP Design & Pricing Exam CSP Company/Sponsor Perspective “Several” Internet Based Modules “Capstone” Module (seminar?) Fellowship Admissions Course (FAC)

Question and Answer