Actuary in Reinsurance Brokers

After more than one year worked as a research analyst in the energy sector, I have decided to switch to a more exciting job - actuary. I was recruited as a first actuarial analyst in Taiping Reinsurance Brokers*. I developed and built the first actuarial analysis model used by the firm. Within the 4 years, the number of company clients has increased by more than 50% by conducting competitive and innovative analysis for clients. In 2017, I produced more than 100 market research, strategic recommendation and analysis reports to more than 50 clients (including Top 15 General Insurance Companies in China). I led the Actuarial Analysis Team since November 2014, in charge of a team of 3, mentoring and providing feedback. On the other hand, I give the presentation in the client meetings with local and international insurance (e.g. Taiping, Ping An) and reinsurance (e.g. Munich Re, Lloyd's) companies on reinsurance issues, and I have developed a strong relationship with over 50 clients. I cooperated closely with the Brokers teams and senior managers (incl. CEO and GM) within the company, and with modelling companies, reinsurance managers, actuaries, and underwriters outside the company.



Most of the Actuary worked the back office, in both life insurance and general insurance companies. However, as an actuary in a reinsurance brokers firm, I acted as a consultant to provide analysis for both insurance and reinsurance companies. We are more client-facing compared to traditional insurance companies.

If you are interested in pursuing an actuary career, you may want to consider some professional institute for applying the actuarial exam:

1)  Institute and Faculty of Actuaries (UK)
      https://www.actuaries.org.uk/
2)  Society of Actuaries (US)
      https://www.soa.org/


* Under China Taiping Group (FORTUNE 500), reinsurance broking handling HKD2.2bn premium.