Life vs. PC

POLSONJ@towers.com
Wed, 19 Aug 1998 17:11:55 -0400

I have found myself in the middle of a mentoring situation (via
e-mail), and my actuary-to-be has been asking quite a few questions
about Life vs. PC. I have already pointed him to the discussion thread
on the CAS website, but he presses on. I feel a bit out of my league,
not really knowing anything much about the Life side. Here is his
latest question. I would appreciate any reaction someone with more
practical experience than I might have so that I might share it with
him.

Thanks in advance.

Jen Polson, FCAS
Towers Perrin Re

Just wanna ask one thing, which is quite important to me.
I am now working in XXXXXXXXXXXXXXX (Life Co) as a summer
intern, and I have had a little discussion with my supervisor about my
switching from SoA to CAS. She said that one of the reasons for there
being so few P&C actuaries is that P&C insurance firms generally need
fewer actuaries. For example, when a P&C insurance company is issuing
products about investment, it may employ those who are major in Finance.
She also said the product design and calculations used in P&C policies
require less actuarial techniques/knowledge. Was she correct? Thanks.

Visit the CAS Web Site at http://www.casact.org
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