6 Reasons Why An Actuary Should Choose A Career In Insurance

“Should I become an insurance actuary?”

“Isn’t insurance boring?”

“Is insurance a good industry to work in longer term?”

Source: Occasional Aspiring Actuaries.

Every year I give a number of talks to students interested in a career in Actuarial Science.

At times I’ve been asked questions, similar to the above, regarding a career in the insurance industry (which is where most actuaries work).

Contrary to popular belief, I happen to think that insurance is a great industry for people to work in.

Insurance is not perfect, but it does provide a valuable societal value and insurance is continuing to embed exciting technology solutions and improve as a service offering. And the insurance actuary is likely to play a key role in the insurance world for the foreseeable future.

I’ve summarised most of the points I usually touch on, in the infographic below.

Would you agree? Do you have anything else to add?

Help me to sell a career in insurance to the next generation of actuaries!