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  #11  
Old 12-06-2017, 06:19 PM
jas66Kent jas66Kent is offline
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Life Reinsurance is not just "life".

It's Life and protection products.
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  #12  
Old 12-06-2017, 06:23 PM
kenzie kenzie is offline
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Quote:
Originally Posted by ronaldy27 View Post
WTW is consulting right?
That's also a big factor to consider
Yes, WTW would be consulting while Munich would be insurance. I know consulting would mean more hours, but better pay.
If you disregard hours and salary, but just look at the potential growth/opportunity between consulting and insurance, what would you recommend?
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  #13  
Old 12-06-2017, 06:27 PM
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Colonel Smoothie Colonel Smoothie is offline
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I think both career paths would be pretty good. I think you should pick the one that you would find more interesting, which is only something you can answer.

Remember to consider the location as well.
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  #14  
Old 12-06-2017, 06:28 PM
jas66Kent jas66Kent is offline
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Munich Re is the biggest reinsurer in the world.

WTW is a small-ish consulting shop by comparison.
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  #15  
Old 12-06-2017, 06:30 PM
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Where are the jobs located?
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  #16  
Old 12-06-2017, 06:36 PM
nonlnear nonlnear is offline
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Quote:
Originally Posted by Abelian Grape View Post
Life is basically just that: life insurance.
No. Life is mostly finding ways to repackage tax avoidance/investment vehicles so that they appear new and shiny. The actual life insurance portion of the Life Insurance business is basically incidental.
Quote:
Property and Casualty spans a whole lot more, from car and home insurance to aviation, cyber, and surety bonds.
i.e. P&C is mostly about actually insuring risk for customers whose primary concern is offloading an insurable risk. This is not the case for Life.
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  #17  
Old 12-06-2017, 06:51 PM
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bjc2142 bjc2142 is offline
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I think a lot of active AO posters are on CAS side so you will hear more answers favoring P/C. I thought it was bit weird since # of SOA members are much higher than # of CAS members.

With that being said.... WTW for P/C
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  #18  
Old 12-06-2017, 07:03 PM
extrovertedactuary extrovertedactuary is offline
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Quote:
Originally Posted by jas66Kent View Post
Munich Re is the biggest reinsurer in the world.

WTW is a small-ish consulting shop by comparison.
Not sure how much this matters really. WTW has a ton of actuaries all across the world. Munich Re has a good amount too. This seems like a non-factor.

One benefit of the WTW offer is that it is in consulting early in your career. I think it will be easier for you to switch from consulting to insurance later on than insurance to consulting if you decide you want to move between the two. It will be hard for you to get a job in consulting down the road if you have no experience in consulting. However, insurers won't care that much if you have no insurance experience.
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  #19  
Old 12-06-2017, 07:04 PM
Fracktuary Fracktuary is offline
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WTW is much heavier on the health side right ?

If I am correct, Working for munich means you are working in their main LOB where they are a leader.

If you work in PC for WTW you are working in one of their ancillary LOB's where they are not generally considered a leader.

Additionally, Reinsurers often act in a consultative capacity for life companies, so If "doing consulting type work" is part of your preference, you could probably find that at Munich.
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  #20  
Old 12-06-2017, 07:10 PM
Dr T Non-Fan Dr T Non-Fan is online now
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Quote:
Originally Posted by Colonel Smoothie View Post
I think both career paths would be pretty good. I think you should pick the one that you would find more interesting, which is only something you can answer.

Remember to consider the location as well.
This.

Also, if you're getting these kinds of offers, you don't need our help. Pick the one you think you'll like the most.

Lastly, NO HUMBLEBRAGGING!!!!!

And congrats.
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