For those who switched from pension consulting to P&C

[dookie22]

Hello all,

I've been an active viewer of this message board for some time now (not so active on the msging side of things, however)

I'm curious as to why someone would want to switch from pension to P&C. I've been told by the recruiter I am dealing with that the majority of candidates who decide to switch, normally switch from pension to P&C, and not vice versa. However, I realize the number of P&C candidates is much less than those on the pension side. Can anyone confirm this?

Also, any reasons as to WHY someone would want to switch would be greatly appreciated (ie. not interested in type of work, difference in pay, etc.)

Personal anecdotes are welcome!

Cheers.

[DW Simpson]

Switching to CAS (from pension) (http://actuary.ca/phpBB/viewtopic.php?p=14147&highlight=pension+casualty+switch#14147)

[DW Simpson]

Pension vs. P&C (http://actuary.ca/phpBB/viewtopic.php?t=23271&highlight=interview+pension)

[dookie22]

Thanks for that second lead. Some interesting points to think about in those posts.

Cheers.

[Guest]

Also, any reasons as to WHY someone would want to switch would be greatly appreciated (ie. not interested in type of work, difference in pay, etc.)

Personal anecdotes are welcome!

Cheers.
I worked for about 4 months in pensions. Dreadly boring and repetitive when you're starting out. P&C was far more creative and I had greater responsibilities early in my career.
:wave:

[Vic Romano]

I was born a P&C actuary. I don't believe it's one's choice.

[JGL]

My guess is that pension actuaries have far more in common with P&C actuaries than they do life actuaries. Too bad P&C actuaries don't know something about pension mathematics.

[Mobile Actuary]

I resemble that remark. I took a course on pension mathematics in 1974, so I'm an expert in the subject. :P

[jerrytuttle]

I took a course on pension mathematics in 1974, so I'm an expert in the subject. :P


Once in a while someone will ask me to do a quick life contingencies problem. I fully disclose that I am not a life or pension actuary before I do it.

[JGL]

I took a course on pension mathematics in 1974, so I'm an expert in the subject. :P


Once in a while someone will ask me to do a quick life contingencies problem. I fully disclose that I am not a life or pension actuary before I do it.

That seems very reasonable but may not satisfy Academy guidance. I'm not sure. Giving actuarial advice when you are not qualified and qualifying that advice by disclosing that you are not qualified doesn't seem right. You could refer such a person to a qualified actuary instead of taking the risk that you get it wrong.