News Type: CAS Profiles

Where do you work and what is your position?
I currently work remotely out of Dallas, Texas as a Pricing Actuary for GuideOne Insurance.

Why did you decide to become an actuary?
My introduction to the profession began as a senior in high school spending an afternoon with a Chief Actuary working for a life insurance company. At that particular time, I recall being very confused on the things he relayed to me about his role as an actuary. Although I was eager to sit down with him that afternoon, I barely knew what questions to ask or things to say to contribute to the conversation, so I just listened with the occasional nod and smile to signal I was still present in the dialogue.

Despite those feelings, what I do remember from that interaction was the level of excitement he had for his work. It seemed to just ooze out of him in a way that was contagious.

It was at that point I decided to lean into the actuarial profession.

I wanted to have that same contagious feeling about my work and career.

I suppose it also helped that I enjoyed math in school and was fascinated by problem-solving, too.

What aspects of the field do you love?
I love the business facing aspect of the actuarial profession. It’s a nice feature of the actuarial role that I enjoy, and it has been an important part of nearly every role I’ve had over the last 12 years in the actuarial field.

As actuaries, we are in a unique position to be at the forefront of insurance problems, and our skillsets afford us the opportunity to approach these problems through a different lens. It’s both a privilege and exciting to be part of, particularly as the world around us becomes more complex and involved.

I also love the mentorship aspect that comes with working in the actuarial field. I have met a number of people through volunteerism and have been fortunate to work with some great people over my career. This has had a positive impact on my personal and professional development. I enjoy giving back to others through coaching and mentorship as well.

What is the best career advice you have ever received?
I’ve received good career advice from a variety of people over the last 12 years. One of the more consistent themes has been:

Allow your interests and/or passions to dictate your movement in your career.

I have found that the more we embrace this, the more we end up leading fulfilled careers. We are more engaged in our roles and more likely to add significant value through our work. The ripple effects are powerful and can have a lasting impact on the people and things around us.

Do you have any advice for those just starting out?
My advice centers on two things:

First, try as many things as you reasonably can early on in your actuarial career.

For example, if you are interested or curious about data programming, find people and other resources that allow you to explore that particular path or interest. The more you try different things in your career, the more well-rounded you will become and the more likely you will find what motivates or energizes you at work (what I like to call: “finding your jam”). Not only will this expose you to a variety of work in your career, but it will also help influence projects, roles, and other potential opportunities that come knocking at your door.

Lastly, seek out someone who can mentor and/or coach you in your career.

At times, this may happen naturally with people we go to for work advice outside of our boss/manager. In order for you to optimize this type of relationship, you have to be intentional. Ask questions, be curious, reflect on your strengths and what you want to do in your current or future role, etc. Having a small, diverse network of people that you trust and can lean on for guidance can have a significant impact on your professional life.

It certainly has on mine up to this point in my career.

Why would you recommend a career in the insurance industry to current college students?
Insurance is one of the most stable industries in the country. There will always be a real demand for insurance in the U.S. With that said, you can build a long career in insurance and develop a wealth of experience and skills tackling a variety of problems.

What can students do now to prepare for a career in the industry?
Find time to connect with others in the industry. The industry is huge, use that as an opportunity to start building a network and learning more about different fields and practice areas.

Where do you work and what is your position?
I’m currently Group Chief Risk Officer at Everest, a global P&C insurance and reinsurance company headquartered in Warren, NJ.

Why did you decide to become an actuary?
I majored in actuarial sciences in college because I really enjoyed math and wanted to eventually be in the financial sector. But I decided to start my career as a teacher before I moved into the actuarial field. Teaching was a passion of mine and I loved my years teaching, but ultimately the actuarial career path did provide greater stability and long-term viability for me and my family.

What aspects of the field do you love?
I love the problem-solving nature of what we do. While I can geek out with math problems all day, I more so enjoy putting the tools to task and making a strong business impact.

What is the best career advice you have ever received?
Don’t view your career path as linear. Many entrants into the field think that career trajectories are clearly defined paths where each subsequent step is perfectly predictable. I’ve found my career takes many different forms from insurance to reinsurance, reserving to pricing, and individual contributor to departmental oversight. But the steps weren’t necessarily down a specific pathway that I traversed through and sometimes the opportunities arose in my peripheral vision. It’s important to be at a company that supports non-linear career paths and ultimately can give you the most opportunities. I’ve personally spent over ten years working at Everest within which I’ve had many different zigs and zags, included moving away from being the Chief Pricing Actuary into roles beyond traditional actuarial such as Chief Operations Officer and more recently Group Chief Risk Officer.

Do you have any advice for those just starting out?
Always offer to be involved with different projects at work. Raise your hand if someone needs assistance with something and if they don’t need assistance then raise your hand anyway! Opportunities don’t just fall onto your desk and sometimes you need to put yourself out there to find them. This includes being willing to stretch outside your comfort zone to be involved with new types of work which may require new skills or doing work which may not seem as exciting but will allow you to see aspects of your company that you wouldn’t have seen in your role otherwise.

Why would you recommend a career in the insurance industry to current college students? 
The insurance industry is constantly evolving as the world’s risk environment constantly shifts and the method of transferring risk via insurance also changes. This offers great opportunities for future actuaries to blend strong technical skills with creativity for problem solving and innovation.

What can students do now to prepare for a career in the industry?
Since actuaries work with people across many parts of a company, it’s good to complement your math skills with other important business needs like finance, economics, programming, and communications.

CAS Profile – Allison Barnes
Allison Barnes is a Career Changer.

Where do you work and what is your position?
Actuarial Analyst, CNA Insurance

In what field or actuarial concentration do you work in now?
Specialty Pricing, Financial Institutions

What job did you do or industry did you work in before becoming an actuary?
I was a high school math teacher for 5 years.

Why did you decide to change careers and become an actuary?
While I loved being a teacher, I knew I was seeking more in my career than teaching the same material and lessons over and over again. I was seeking a greater challenge in a career where I could use the skills I had for math and problem solving to make actual changes in the business world, a topic I would often discuss with my own students. Through investigating the actuarial field and talking to other actuaries, I came to see this is a profession with highly intelligent and motivated professionals who are applying those problem solving skills every day. In this career, I have the best of both worlds in which I experience growing in my technical skills, completing projects that I put my hard work into, but also communicating with business partners, giving presentations, and interacting with a great group of coworkers. It is truly a career for all sorts of personalities which I had never known before I met a wide variety of actuarial professionals.

What advice do you have for others who are considering a similar career change?
Don’t be afraid to network with people in the profession. The actuarial community is incredibly supportive. These conversations can show you what this career offers.

Where do you work and what is your position?
I am President and Consulting Actuary at Liscord, Ward & Roy, Inc., a property/casualty actuarial consulting firm located in Manchester, NH.

Why did you decide to become an actuary?
A week before I finished college, a recruiter from Aetna Insurance was on campus talking to students about the actuarial career. I was intrigued by what I heard and thought it would be a good fit for me. Prior to that, I knew very little about the actuarial career. This is what has driven my passion to help students learn more about the career at an earlier stage than I did. That is why I have volunteered with the University Liaison program, the University Engagement Committee, and mentoring students at CAS meetings.

What aspects of the field do you love?
I have spent most of my career in consulting. I love the diversity of assignments and clients that I have had the opportunity to be involved with. I get to work on several different projects, for various types of clients, covering many casualty lines of coverage. It keeps it interesting and makes me want to go to work every day.

What is the best career advice you have ever received?
My first job was with a consulting firm, and it was stressed that accuracy and attention to detail is paramount. Making sure that things get done right is important to maintaining the respect of the clients. But when mistakes are made, and everyone makes them occasionally, it is also important to own them and make corrections as soon as the mistakes are found.

Do you have any advice for those just starting out?
Network! The actuarial profession is relatively small, and it is surprising how often your path crosses with those of other actuaries throughout your career. An actuary’s network is useful in many ways – from lifelong friendships, to future job opportunities, to sources for advice on projects, to recommendations for committee assignments, to dinner companions at CAS meetings, and many others.

Why would you recommend a career in the insurance industry to current college students?
Insurance provides a safety net that allows businesses and individuals to participate in activities that they might otherwise refrain from.  As such, insurance touches many aspects of our lives and is an important part of society.  The insurance industry is dynamic, ever changing, and an exciting place to work.  The Property / Casualty insurance industry in particular provides a wide range of positions and careers for someone to find their niche, aligning their interests, skills, and qualifications, because of the ever expanding need for coverages to adapt to a rapidly changing world.  I may be biased, but I think a career as a casualty actuary provides the greatest opportunities to be involved – interacting with people from many disciplines, solving challenging problems, and being a part of an industry that is integral to the economy as a whole.

What can students do now to prepare for a career in the industry?
Improve your communication skills.  Great oral and written communication is essential to making your thoughts, solutions, and ideas understandable to others who are in positions of acting on them.  Be well rounded.   Having knowledge in multiple areas makes you more valuable and more adaptable to change.  Be comfortable with math and statistics.  In a world immersed in data, people who can analyze that data, and people who can understand what that analysis means, are the people who will guide the decisions that change the future.

Where do you work and what is your position?
I’m a pricing actuary with Ryan Specialty.

Why did you decide to become an actuary?
I went to a math and science high school (for NUS High we fight!), but I was definitely better at/more interested in math than sciences. I was looking for a math-related major and actuarial science popped up serendipitously.

What aspects of the field do you love?
I love that there are many flavors in the actuarial profession. Even though I have only been in the industry for less than 5 years, I am lucky enough to have worked at an insurance company, in consulting and now in the MGU space. Each role taught me so much about the different aspects of the actuarial profession, and helped me identify my strengths and areas for growth.

What is the best career advice you have ever received?
Be your authentic self. I have always been described as a very bubbly and sweet person, and occasionally it can feel like I’m the odd duck in the corporate world. We all have unique backgrounds and voices, and there is nothing wrong with adding your own shine and sparkle into the profession. Even in the face of unpleasantries, it’s important that we stay true to our values, be humble and respectful expressing our views, while being our stupendous selves!

Do you have any advice for those just starting out?
It’s great to ask a lot of questions and it’s okay to make mistakes. Questions help you understand both the technical and the business aspect of your work, and mistakes help you identify your blind spots. What’s truly important is that you learn from your mistakes, focus on your own growth, and grow into the professional that you aspire to be.

Why would you recommend a career in the insurance industry to current college students?
The concept of insurance has always been fascinating to me, since we rarely think about risks or fortuitous events when the days are good. It’s about thinking ahead, which can be a new and interesting concept. A career in insurance gives you more insight into such events and the strategies used to handle risks, allowing creative thinking and development of problem-solving skills. It could be both challenging and rewarding at the same time!

What can students do now to prepare for a career in the industry?
Speaking through the lens of an actuary, internships can offer significant insight and provide more specific context on the day-to-day work of an actuary. Connecting with fellow students in your major, sitting for exams, and going to networking events can also all be great opportunities!

Why did you decide to become an actuary?
One of my neighbors is an actuary and introduced me to the field in high school. I was always good at math but wanted a career in business – and his job as an actuary sounded like a perfect fit! As I learned more about the profession and built my actuarial network, I felt more and more at home.

What aspects of the field do you love?
I really enjoy the level of expertise that every actuary has in our industry and their willingness to share it with the broader actuarial community. No matter which actuary I’ve talked to, I have loved the ability to learn from their unique expertise and perspectives that they bring from their career. To be a recent addition to that community as a new associate of the class that hit 10,000 CAS members is rewarding, and I look forward to continuing to grow our actuarial community in the future.

What is the best career advice you have ever received?
Early on in my career I had a mentor share that it is important to be purposeful about making an impact in the activities and projects you commit to. I’ve taken that mindset on various projects, committees, and other initiatives both at work and as a volunteer with the CAS. I feel this mindset has helped me focus my efforts and really drive towards making an impact on everything that I do.

Do you have any advice for those just starting out?
My advice to candidates and new members would be to build your network not only within the actuarial community, but also build your network with other professionals (non-actuaries) in the insurance space. My colleagues who are not actuaries bring a totally different perspective to problems we work together to solve – and this network has helped me understand where they are coming from and how we can amplify our impact on our organization.

Why would you recommend a career in the insurance industry to current college students?
The insurance industry has such a wide breadth of potential careers for you to pursue – and you are able to explore new things constantly! With my background as an actuary, I’ve built new cyber insurance products, evaluated unpaid claim reserves, advised underwriters on how to better assess risk, and a whole lot more! As you enter your career, be prepared to adapt and learn new things every day.

What can students do now to prepare for a career in the industry?
As you prepare to enter the industry – focus on learning about how macroeconomic / broader societal trends can affect the insurance industry. You could learn more about potential bias in pricing and rating plans, evaluate how climate change may impact the affordability and accessibility of insurance, or explore how Generative AI and other advanced analytical methodologies can transform the end-to-end insurance ecosystem. Learning about how these broader macroeconomic trends impact insurance will give you a broader understanding of the insurance sector and enable you to have conversations with insurance professionals of all backgrounds.

My name is Sebastian Czerwinski and I am a senior at Illinois State University. Currently I am an actuarial intern at COUNTRY Financial on their pricing team for commercial lines of business and I have accepted a full time position with them in the same position. An interesting fact about me is that I can speak in three different languages: Polish (native), English, and German.

Why would you recommend a career in the insurance industry to current college students?
Insurance industry seeks people with various backgrounds. It is an ever-evolving industry especially on the property and casualty. There is high demand for the skills and knowledge that actuaries have. The technological innovation is another reason to work in the insurance industry since there is a need to overcome this stigma that insurance is behind the technological advances and methodologies to collect and analyze data.

Why did you become an actuary?
I wanted to become an actuary because this profession connects my passion for math with a very practical application which is the property and casualty insurance. At first, I was not sure which path to choose SOA vs CAS, but the choice became obvious once I started learning more about the insurance industry. The P&C is more intuitive for me and I can easier see how the actuarial principles apply to the property and casualty insurance products. On top of that, the variety of fields of study that I get learn about such as business, law, insurance, and programming make this profession very interesting and broad enough for me to find something that I like the most and specialize in it.

What drew you to a career in property and casualty insurance?
The property and casualty insurance products are more intuitive for me, and it is easier to see how the actuarial principles apply in practice. P&C is a fast-changing industry and with the technological innovations there is always something new or a need for an insurance. I can see the impact of my work very fast, and I feel that I can make a direct impact in businesses and people’s lives.

What can students do now to prepare for a career in the industry?
I would say that students should along with their actuarial exam preparation, they should attend as many different conferences as they can to network with industry professionals and learn more about the insurance industry to see what they are interested more. The reason for developing interest in insurance itself is that with the understanding of how the insurance works and how it is regulated, it will be much easier to see how the actuarial principles apply on a daily basis. Also, once you understand how insurance works, it will be easier to adjust the pricing and reserving methodologies or even create models. On top of that, learning at least one programming language will be a huge advantage as almost all companies require candidates to know programming. Even if it is not one that a given company uses, it will be much easier to learn a new one fast since the idea of programming does not change no matter what language you use.

Name of university attended: The Wharton School at the University of Pennsylvania

Current employer/job title: Senior Actuary at New Energy Risk

Why would you recommend a career in the insurance industry to current college students?
Insurance is so dynamic and interesting!  I graduated from college in 2014, and while we were talking about “big data”, we didn’t talk much about data science. Now, data science is a big part of insurance companies and something that actuaries can get involved in.  During my time as an actuary so far, I’ve had the chance to work internationally as well as in newer industries like telematics and clean energy.  There are lots of opportunities to try new things in your insurance career, and I think that’s part of what makes a career in insurance so satisfying.

Why did you become an actuary?
In high school, I discovered that I really enjoyed math but wasn’t sure what to do with it. I considered engineering or accounting, but neither seemed like the right fit for me. After meeting a friend of a family friend who is an actuary, I decided to consider the career. I liked the idea of taking exams while working (“learn while you earn”) and also spoke to some actuaries who had worked internationally, which appealed greatly to me. So far, I’ve been very happy with my career choice!

What drew you to a career in property & casualty insurance?
The opportunity to work on a variety of projects and to work internationally were what drew me to a career in P&C insurance.  So far, I’ve been fortunate to experience both.  I worked in Zurich Insurance’s Sao Paulo, Brazil, office for two years as part of their international rotation program and had a wonderful experience.  I’ve also had the chance to work in telematics and clean energy, both of which I’ve found very interesting.

As I’ve gained more experience, I’ve also been able to see how insurance can improve lives.  For instance, in my current role, I help price risks for companies that are rolling out new clean energy technologies.  Without an insurance policy, they might not be able to secure financing from lenders – the insurance policy helps to pay back some debt in the event that the technology doesn’t perform as expected, and some lenders require such a policy before they will agree to provide financing.  It’s interesting to see that insurance can play an important role in not only keeping people financially secure when disaster strikes but also in helping new life-improving technologies hit the market.

What can students do now to prepare for a career in the industry?
I think having some understanding of statistics is very helpful for a career in the insurance industry. Even if you don’t work as an underwriter or actuary, it’s helpful to understand some of the technical foundations of insurance.  This helps you understand the product we work on and will also facilitate your conversations with your technical colleagues.

I would also say that it’s important to understand solving business problems.  For example, sometimes a client or colleague may ask for a particular analysis, but once you understand their problem, you see that they might not be asking the right question to solve their problem. If you can help them figure out what that question is, that helps to put everything else on track.

My name is Jason Nikowitz.  I have an associate degree from Harper College, a bachelor’s degree from Purdue University, and a master’s degree from North Central College.  I currently work at Zurich North America as an AVP Actuary and Team Lead.  Prior to transitioning to actuarial work, I taught high school mathematics for five years.  I am a Fellow of the Casualty Actuarial Society (FCAS), a Chartered Property Casualty Underwriter (CPCU), and a Certified Specialist in Predictive Analytics (CSPA).

Why would you recommend a career in the insurance industry to current college students?
A career in the insurance industry can be rewarding experience that combines applied analytics and problem solving in a way that benefits society.  Risk is an unavoidable part of life, and at its core the insurance industry quantifies that risk in a way that motivates businesses and individuals to reduce and mitigate their exposure to it.  It provides a method for those participating in risky endeavors to pay their fair share.  In exchange, insurance companies promise to provide support and indemnification if said risk manifests into a tangible loss.  Actuaries are the backbone of the quantification of risk; without them insurance companies couldn’t confidently keep these promises.

Why did you become an actuary?
While I loved teaching for five years, I decided I wanted to pursue a career that offered more opportunities to apply higher levels of mathematics and problem solving.  To be honest, I was also drawn in by the exam process.  I consider myself a life-long learner, so to be able to switch to a career that supported a formal learning process like the exams do was a big plus.  Icing on the cake was that I could apply my programing skills as well, which was something I had been developing as a hobby.

What drew you to a career in property and casualty insurance?
Property and casualty insurances interested me specifically because of the unique products they offer and challenges they face in analyzing and supporting these products.  There’s so much to learn in this industry, and it seems the possibilities are only increasing.

What can students do now to prepare for a career in the industry?
Specifically, students can explore the exam process and, after preparing adequately, even attempt an exam.  The exams aren’t everything, but they are a big part of the early stages of this career so it’s important to be on board with them and the commitment they’ll entail.  In general, they can work on building their math, statistics, and analytical skills.

University: The University of Iowa

Current Employer/Title: Deloitte Consulting LLP – P&C Actuarial Senior Manager

Why would you recommend a career in the insurance industry to current college students?
Insurance is an industry with a lot of opportunities. Almost every individual and business in the US is required to have insurance. Insurance provides piece of mind to ensure individuals and businesses can operate while being protected in the event of a loss. Within insurance, actuaries fill not only actuarial roles but roles within Underwriting, Claims, Finance, and I have even seen Marketing! Actuaries within Insurance are highly appreciated and leveraged!

Why did you become an actuary?
In High School I began to explore careers. I knew I was good at math and wanted a career that incorporated math. I explored Accounting, Finance, and Actuarial Science. In looking at the different paths, Actuarial Science stood out to me. It was known as one of the top professions and allowed for a lot of growth. To this day, I do not regret my decision.

What drew you to a career in property and casualty insurance?
The variety of work. If you think about the actuarial world, Health actuaries work on Health Insurance, Life actuaries work with Life insurance, and Retirement actuaries deal with Retirement, P&C does everything else. One day you can be working on Personal Auto, the next day Workers’ Compensation, and the day after, Asbestos & Environmental. The variety of P&C Insurance will always ensure you will never be bored!

What can students do now to prepare for a career in the industry?
Keep current on issues impacting the industry. One thing I stress to my staff is to not only understand what clients are doing but what macro issues exist that can affect them. This will help you become a future leader!