UK
Sector: Insurance
Why you should retrain as an actuary
It wasn’t so long ago that the actuarial profession was bemoaning losing bright, numerical graduates to more dynamic roles in the banking sector. Now, with demand for actuaries still exceeding supply while banks aggressively pare back headcount, you could do worse that switching across to this comparatively stable vocation. The route to becoming an actuary [...]
WHERE THERE IS HIRING: Technical accountants for insurance companies
Even though Solvency II implementation may now be delayed until 2014, recruiters insist there’s still strong demand for accountants who know about it. Matthew Strover, a recruiter specializing in insurance at Eximius Group, says there’s distinct demand for both technical accountants with an insurance background and for actuaries with life insurance skills to work in [...]
Up to 2k a day: what insurers are paying for people to lead Solvency II tech projects
Solvency II is the number one concern for European insurance firms. Actuaries working on projects related the regulation are commanding 1,100 a day and now technologists are being recruited at an “unprecedented” rate to deal with new IT problems. With insurance firms scrambling to comply with the capital adequacy regulation by the end of 2012, [...]
Lunchtime Links: The killer interview question from Susquehanna International Group; how to make 1.1k a day in insurance
An especially difficult interview question from Susquehanna International Group is doing the rounds today. Paul Kedrosky has posted it on his Infectious Greed blog and is soliciting responses. It goes like this: Five guys, all of different ages, enter a bar and take a seat at a round table. What is the probability that they [...]
If you love maths, money and lots of study, this may be the job for you…
Life insurance actuaries are in demand in Singapore, forcing firms to push up pay and scour the planet for talent. Actuaries are hard to find because theirs is specialist mathematical function, and because they need to pass vigorous academic and professional exams, says Patrick Tan, principle consultant, Key International Search & Consulting. “The growing affluence [...]
The plentiful (and lucrative) roles around Solvency II
Knowledge of Solvency II is a very good thing to have. Pay for risk professionals and actuaries with expertise in this area is spiralling as insurance firms scramble to get their houses in order for the impending regulation. Solvency II – the regulation which aims to strengthen the capital requirements and risk management practices of [...]
GUEST COMMENT: Believe me, Australia is no panacea for a failed City career
This time two years ago I was working as an institutional sales trader in one of the world’s top financial hubs. I was in the thick of it, trading on behalf of some of the most respected names in finance. I also had experience with two top-tier investment banks on my CV and had dealt [...]
Could you (and would you) work in Malta?
In one of the more bizarre recent job moves, the former co-chief of global credit at Citigroup, Mark Watson, has re-emerged as chief executive of Malta’s Mediterranean Bank. This begs the question whether the island is keen to attract UK financial talent. The simple answer is that it does want to tap UK financial services [...]
Lunchtime(ish) Links: A Conservative government would bash bonuses
Anyone who thought a Conservative government might be more relaxed about people becoming filthy rich than a Labour government, may have to think again. The Financial Times says George Osborne has been telling the Association of British Insurers that all banks should avoid paying big bonuses, even if they haven’t received money from the state. [...]
Banks will need more actuaries very soon
With reduced bonuses and the prospect of redundancy, the investment banking world is losing its allure for actuaries. However, opportunities may pick up for them later in the year. “The lure of working for an investment bank was simply more money,” says Tony Deacon, director of actuarial recruiter the Emerald Group. “Now that bonuses are [...]
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