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Professional Development: New-Hire Training and Rotations

Professional Development: New-Hire Training and Rotations. Jill Petker VP and Actuary, National Market Liberty Mutual Group. New Hire Training. Goals Syllabus Instructional Methods Other Training Evaluation. Goals. Introduction to Insurance and Actuarial concepts and analyses.

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Professional Development: New-Hire Training and Rotations

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  1. Professional Development:New-Hire Training and Rotations Jill Petker VP and Actuary, National Market Liberty Mutual Group

  2. New Hire Training • Goals • Syllabus • Instructional Methods • Other Training • Evaluation

  3. Goals • Introduction to Insurance and Actuarial concepts and analyses. • Foster a sense of excitement and curiosity. • Foster a sense of peer group.

  4. Syllabus • Insurance as Risk Sharing • Coverages, Industry Structure • Loss Development, Reserving • Ratemaking, Rating Plans • Reinsurance • Financial Reporting • Underwriting, Claims, Loss Prevention • Liberty’s Strategic Business Units

  5. Instructional Methods • Self-study reading. • Practice exercises. • Guided Intra/Internet research. • Classroom discussion. • Live excel worksheets. • Guest speakers! • Field trip. • Presentations by trainees.

  6. Other Training • Complemented by on-the-job training • Other skills through other courses: • Business writing • Presentations • SAS programming

  7. Evaluation • Participant reaction • Testing • Application

  8. Rotations • Goal: Breadth of experience. • Required through (roughly) ACAS level. • Term is generally 1 ½ - 2 ½ years. • Three considerations: • Experience needed to fill out background. • Where we have openings. • Rotators’ preferences.

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