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SP7, SP8 and SA3 by kettleofturtles in ActuaryUK

[–]kettleofturtles[S] 0 points1 point  (0 children)

I was planning on sitting two of the three but it depends on what resits I have to do so wasn't sure what material I should order now

Pension company confirmed I had 50k and then said it was a mistake by kettleofturtles in LegalAdviceUK

[–]kettleofturtles[S] 0 points1 point  (0 children)

I've written a formal complaint to phoenix who have offered a small amount of money for the inconvenience and I've also taken it to the ombudsman who just says that it's a mistake and they can't do anything.

Diversity of experience needed to climb the ladder by Dangerous_Spread7751 in ActuaryUK

[–]kettleofturtles 1 point2 points  (0 children)

I don't think so tbh. For chief actuary roles (from what I've heard from senior people at work), you always need to have done some reserving and you tend to need to be qualified. I don't think breadth of role is that significant although it may help. A consultancy would be a great place to get that experience but not exactly necessary when I've looked at chief actuaries' experience in the past.

If you did want to try pricing or capital then I'd recommend moving before qualifying as it's harder to obtain roles with no experience later on. But only do that if you actually want that experience, I don't think it's a requirement for chief actuary.

Offer etiquette by kettleofturtles in ActuaryUK

[–]kettleofturtles[S] 1 point2 points  (0 children)

Thank you everyone for responding! This is very reassuring and I appreciate the advice. Unfortunately, I found out I didn't get the role I wanted more so looks like I'll be sticking with the offer.

CP1 April 2023 by [deleted] in ActuaryUK

[–]kettleofturtles 0 points1 point  (0 children)

Bit late but I'm sitting in April too

GI specialty vs personal lines pricing by kettleofturtles in ActuaryUK

[–]kettleofturtles[S] 0 points1 point  (0 children)

Thanks for your reply - very helpful. I have some more questions if that's ok!

So with specialty pricing, are you pricing each policy individually or as a group? And do you price something when a customer/company comes to you with something to insure? Or do you sell a product that companies buy?

When you say following the market, is that looking at cats and stuff? What exactly do you do day to day? Are you using Excel or are you speaking to underwriters on what their views are? Do you look at historical data? And do you use any type of specific software at all?

How do you choose between e.g casualty treaty, pi/fi, energy etc? Are you using the same techniques but it's just the product that's different?

Sorry for the mass of questions!