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Old 01-05-2019, 11:59 AM
Dking1 Dking1 is offline
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Default Moving from life to health

Hello,

I am a near-ASA and have been working in a life insurance company for nearly 6 years. Came across applying for a health insurance company and was wondering how different it would be going from life to health. I have worked in valuation and modeling so far and seemed like my technical skills and my actuarial knowledge can definitely be transferrable if I were to go to health. Was wondering if anyone went through similar transition and can give me some advice or comment on their experience
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Old 01-05-2019, 01:10 PM
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ShivamS ShivamS is offline
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I don't know much about life, but there are several subsets of health: Medicare, Medicaid, Exchanges, Employee Benefits, etc. If you're transitioning, it's worth it to figure out which one(s) you're most interested in and search appropriately.

I'd assume, like pretty much anything else, skill-sets are transferable as long as you can pick up the industry jargon.
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Old 01-08-2019, 05:19 AM
CowboyGuy CowboyGuy is offline
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Originally Posted by ShivamS View Post
I don't know much about life, but there are several subsets of health: Medicare, Medicaid, Exchanges, Employee Benefits, etc. If you're transitioning, it's worth it to figure out which one(s) you're most interested in and search appropriately.

I'd assume, like pretty much anything else, skill-sets are transferable as long as you can pick up the industry jargon.
Which of those subsets of health are easiest to get into for a life actuary?
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Old 01-08-2019, 10:15 AM
DecoysLoisDecoys DecoysLoisDecoys is offline
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As ShivamS said, its probably more about your skill sets and what the specific company is looking for rather than a particular sub-industry.

That being said, employee benefits will likely have group life insurance (and maybe even some individual) which would line up more with your experience.
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Old 01-08-2019, 10:16 AM
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something ive noticed talking to health actuaries- they seem to have a 'beaten up' feel to them- possibly due to a decade of frustration dealing with regulation.
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Old 01-08-2019, 10:34 AM
DecoysLoisDecoys DecoysLoisDecoys is offline
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something ive noticed talking to health actuaries- they seem to have a 'beaten up' feel to them- possibly due to a decade of frustration dealing with regulation.
while not untrue, change in regulation = job security!
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Old 01-08-2019, 11:39 AM
Canadiens Fan Canadiens Fan is offline
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while not untrue, change in regulation = job security!


As soon as the regulation has been internally implemented though, does it mean lower job security?
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Old 01-08-2019, 12:21 PM
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something ive noticed talking to health actuaries- they seem to have a 'beaten up' feel to them- possibly due to a decade of frustration dealing with regulation.

Or we are just emo...
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Old 01-08-2019, 01:30 PM
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something ive noticed talking to health actuaries- they seem to have a 'beaten up' feel to them- possibly due to a decade of frustration dealing with regulation.
My New Year's resolution is to stop doing this, actually. No joke. It took me 2 years (not a decade) to feel this way. The good thing about healthcare is that you can be very passionate about it. The bad thing about passion is that it leads to frustration when your hands are tied.
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