Professional Development

Actuarial Professionals

Technical Professionals

Mark S. Allaben, FCAS, MAAA

The Hartford

VP and Actuary

Actuarial Professionals

ExamsLeadership/ManagementOn-the-Job TrainingOther Opportunities

Actuarial ProfessionalsExamsStudy Time

• 120 – 140 hours per sitting• Flexible Schedule

Study Materials• Buy/Borrow• Actex• CAS Library

Seminars – Exam PreparationStudy Group - Student LeadMentors

Actuarial ProfessionalsExamination Success Criteria

Pass One Exam Every Third Sitting

(Three strike rule)Three Strikes and AssociateshipCompany Wide StatisticsPeer Performance

Actuarial ProfessionalsAdditional Exam Support

Exam Overview SessionsStudy Techniques SessionsGrading Process ExplainedExam Writing Tips

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

Actuarial Professionals Leadership/Management

Teams – Cross FunctionalSupervision of EmployeesCompany Sponsored TrainingSpecial AssignmentsAdvanced Education – Post Graduate

Work

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

Actuarial Professionals Other Developmental Activities

Industry Committees

Government Affairs – Regulatory

Community Service

Professional Organizations

Technical Professionals (Non-Exam Track Analysts)

Who They AreCareer PathsExam Support

Technical ProfessionalsWho They Are

Former Exam Students– Individual Situations

Pure Non-Exam Takers– Desired Background– Skills Needed

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

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

Technical ProfessionalDevelopment Plans

Leadership/ManagementOn-the-Job TrainingOther Development ActivitiesCreate a Structured Program

Professional Development

Questions?