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

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Presentation on theme: "Professional Development Actuarial Professionals Technical Professionals Mark S. Allaben, FCAS, MAAA The Hartford VP and Actuary."— Presentation transcript:

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 Professionals Exams  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 Professionals Examination Success Criteria  Pass One Exam Every Third Sitting (Three strike rule)  Three Strikes and Associateship  Company Wide Statistics  Peer Performance

5 Actuarial Professionals Additional Exam Support  Exam Overview Sessions  Study Techniques Sessions  Grading Process Explained  Exam Writing Tips

6 Actuarial Professionals Exam 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 Professionals Other 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 Professionals Who They Are  Former Exam Students –Individual Situations  Pure Non-Exam Takers –Desired Background –Skills Needed

12 Technical Professionals Career 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 Professionals Exam 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 Professional Development Plans  Leadership/Management  On-the-Job Training  Other Development Activities  Create a Structured Program

15 Professional Development Questions?


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