To make a long story short: as long as people are still suing each
other's pants off and there are still natural disasters like tornatoes,
hurricanes and earthquakes, demand for PC actuaries will remain high.
Do you think we will ever live in a world where people are not suing and
there are no natural disasters?
---Yin
----------
From: POLSONJ@towers.com
To: " - (052)cas"
Subject: Life vs. PC
Date: Wednesday, August 19, 1998 4:11PM
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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