View Full Version : Daily Reinsurance Job
08-09-2003, 11:01 AM
I am currently working in Pension. I am getting bored and frustrated. I can't study like I want to because of long hours at work. I want to move to Reinsurance. I would like to know if people are working long hours there, if it's easy to have time to study and if yhe job is really interesting?
08-09-2003, 11:24 AM
What kind of reinsurance? Broker, pricing, other? I presume you mean P/C reinsurance?
Generally, yes, they work long hours, from what I've seen. But, it depends on what your current hours are. If your 'long hours' are 45-50 hours per week, then you need to find another career - you don't make a good salary working 9-5, certainly not in the actuarial field. If by 'long hours' you mean 70-80 hours a week, then very few jobs work more than that (certainly very few in the actuarial field).
Reinsurance jobs are somewhat cyclical, too - lots of hours at year-end, with clow periods at other times.
Why do you think you want to move to (P/C) reinsurance? If you don't even have the basic questions answered (like what the typical hours are), I would advise you to become more familiar with a variety of areas - life, health, companies, consulting firms, brokers, government agencies, etc., and figure out what suits you.
08-09-2003, 11:39 AM
I want to move to reinsurance to do modeling stuff like DFA, do risk management. My probleme is that I want a cool place to finish quickly my exams.
08-10-2003, 08:52 PM
i've worked in p&c reinsurance since i've graduated from college. i work more than 37.5 hrs a week about 2% of the year. i'm in, i'm out - 30 paid study days a year. can't beat it.
08-11-2003, 09:32 AM
I recently switched from life insurance to P&C Reinsurance. I really enjoy my new position. I work 9 to 5, M-F, and so far I have never worked overtime. I also get 100 study hours per exam.
08-11-2003, 09:37 AM
As in any job, it depends on the market, and especially who you work for.
When I worked in P&C Reinsurance I worked 70 hours a week Nov 1 - Dec 31 because I was helping underwriting with the renewal season, and in Canada the majority of the treaties renew 12/31. The rest of the year I worked average hours (so that I could study and recuperate) and my boss thought I should work more. :shake:
Just wondering if you might be able to name a few of the larger P&C reinsurers in Toronto? (for job search time when it comes)
08-19-2003, 02:59 PM
Are the biggies that spring to mind. :)
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