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  #1  
Old 06-28-2018, 11:25 AM
whiterisk whiterisk is offline
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Default Accident & Health Insurance Career, SOA or CAS?

I have been reading multiple threads to shed some light on whether accident & health insurance are under SOA or CAS, but couldn't find any clear answer.

I distinguish SOA and CAS by the length of the insurance, so accident & health falls in between these two??

Any thoughts are much appreciated.
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Old 06-28-2018, 12:31 PM
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ditkaworshipper ditkaworshipper is offline
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When I priced accidental death and dismemberment, it was SOA.
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Old 06-28-2018, 12:34 PM
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Old 06-28-2018, 12:37 PM
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Quote:
Originally Posted by whiterisk View Post
I have been reading multiple threads to shed some light on whether accident & health insurance are under SOA or CAS, but couldn't find any clear answer.

I distinguish SOA and CAS by the length of the insurance, so accident & health falls in between these two??

Any thoughts are much appreciated.
I would think the SOA credential is more relevant but there are P&C companies that sell A&H. Though at my company you can get SOA or CAS credentials if your job supports it.

Also: Length of the insurance? Like policy terms?
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Old 06-28-2018, 12:41 PM
tommie frazier tommie frazier is offline
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the background and education materials specific to A&H are stronger through SOA side.

Accident has links to Work Comp and casualty, but the Health part has a lot of material for study.

It appears in both annual statements. there are companies that write it under a P&C book, but I expect most are under the A&H (SOA) side.
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Old 06-28-2018, 01:14 PM
Actuary147258 Actuary147258 is offline
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i worked with A&H products while pursuing SOA credentials. when i got to FSA exams, I struggled to figure out which track to take because the only one that was really applicable was the GI track.
either route is probably fine. does your employer have a preference?
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Old 06-28-2018, 01:34 PM
Chopin-Lover Chopin-Lover is offline
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The Group and Health track would cover A&H, not sure about the CAS side.
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Old 06-28-2018, 02:46 PM
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Maphisto's Sidekick Maphisto's Sidekick is offline
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I started my career on the life side, and changed to P&C.

My impression from my brief exposure to A&H is that I found exposure to SOA material more useful than P&C material, but I could have gotten there from either side.
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Old 06-28-2018, 03:00 PM
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Quote:
Originally Posted by Chopin-Lover View Post
The Group and Health track would cover A&H, not sure about the CAS side.


My feeling is that on the CAS side the most related thing would be Workers Comp but you'd probably be better off (if you're interested in A&H) with an SOA credential.

I looked up market share for A&H and the NAIC compiles a listing for A&H carriers across Life, Health, and P&C forms. The report is here:

NAIC

This will show all companies with A&H lines in their report. It also includes a key that shows what sort of NAIC forms they fill out, e.g. UnitedHealth Grp files a Health, Life, and California specific A&H form (they get codes L H CA).

From a quick glance at overall marketshare, definitely go SOA. Almost all of the A&H products are written by Healthcare companies. Of the top 60 carriers by marketshare only 4 have P&C NAIC forms, none of them are solely P&C. The largest primary P&C carrier that I see is Tokio Marine with 2B in premium (0.22% marketshare). I may not recognize the others by their holding company's name though.

Anyway, enjoy. I'd assume you can find a few people at any of the big health carrier's who is a primarily A&H actuary. 42%-ish of the market is controlled by UnitedHealth, Kaiser, Anthem, Humana, Aetna, HCSC, and Cigna.
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Old 06-28-2018, 11:13 PM
bravesandfalcons bravesandfalcons is offline
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Quote:
Originally Posted by YetAnotherCareerChanger View Post

Also: Length of the insurance? Like policy terms?
I was assuming that OP was distinguishing between short tail and long tailed products, but Iím not 100% sure.
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