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Comprehensive New-Hire Actuarial Training Program

Join Liberty Mutual Group's New Hire Training led by VP Jill Petker to develop in-depth knowledge of insurance and actuarial principles. The program includes diverse instructional methods and evaluation to foster skills for Liberty's Strategic Business Units. Gain expertise through rotations for a breadth of experience. Prepare for career growth.

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Comprehensive New-Hire Actuarial Training Program

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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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