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Diversity in the Actuarial Profession

Diversity in the Actuarial Profession. Bob Mucci Transatlantic Reinsurance Company CAS Spring Meeting May 19 – 22, 2002. A Global Profession. According to the International Actuarial Association, the actuarial profession is the most truly globally organized profession.

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Diversity in the Actuarial Profession

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  1. Diversity in theActuarial Profession Bob Mucci Transatlantic Reinsurance Company CAS Spring Meeting May 19 – 22, 2002

  2. A Global Profession • According to the International Actuarial Association, the actuarial profession is the most truly globally organized profession. • The IAA currently has 44 Full members plus 23 Observer members comprising over 30,000 fully qualified actuaries in more than 50 countries. • The IAA is recognized as a non-profit, non-political and non-governmental organization on the Roster of the Economic and Social Council of the United Nations.

  3. A Global Business • Transatlantic Reinsurance is a leading international reinsurance organization with operations in twelve different countries on six continents. • Roughly half of our business emanates from outside the United States. • We write business in more than 80 different countries.

  4. A Global Department • 21 Actuaries Worldwide • 14 Male, 7 Female • 13 Different Native Countries • Fluent in 12 Different Languages • Credentialed in 7 Different Actuarial Organizations

  5. USA Taiwan Canada China Guyana Haiti Iran Peru Russia Belarus 4 2 1 1 1 1 1 1 1 1 Actuaries in TRC New York Office 10 Male 4 Female

  6. Ireland United Kingdom USA 1 1 1 Actuaries in TRC London Office 2 Male 1 Female

  7. Canada South Africa United Kingdom 1 1 1 Actuaries in TRCZurich Office 1 Male 2 Female

  8. Canada 1 Actuaries in TRC Paris Office 1 Male

  9. Benefits • By expanding the pool of talent we can find the best qualified people. • Multiple language skills enable us to read submissions in other languages and communicate more effectively with our branches and our clients. • First hand knowledge of the insurance market and legal systems of other countries helps us to better understand and evaluate the business. • A diverse staff helps to foster an intellectually stimulating and enjoyable work environment.

  10. Accomodations • Sponsorship for green card or visa. • Occasional long vacation in order to travel home and visit friends and family. • Access to classes or other opportunities to improve written and spoken English skills.

  11. Recruiting Tips • Keep an open mind. • Don’t mistake a lack of confidence speaking English for poor communication skills. • Weigh a person’s accomplishments against any obstacles or barriers he or she may have had to overcome. • Remember that as with any team, not all jobs within a department require the exact same set of skills.

  12. Discussion and Comments

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