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  #1  
Old 06-07-2018, 07:59 PM
goldenwalden goldenwalden is offline
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Default Any property actuary here?

Entering my second year of analyst life, I am growing vastly interested in property insurance. In my current role, I spend about 20% of time working with property, 75% with casualty lines, 5% with financial/specialty lines.

I am wondering how I can gain more exposure on property insurance. I have worked with exposure rating tools for property and used RMS ELT tables for CAT loss simulation. Just not extensively.

Disclosure: I work at a brokerage firm. I have ACAS and am studying for exam 8.
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Old 06-07-2018, 08:03 PM
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Colonel Smoothie Colonel Smoothie is online now
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It's kind of a broad area. What about property are you interested in? I've done some severity modelling and fraud detection in that area.
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Old 06-07-2018, 09:09 PM
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i'd think there'd be plenty of opportunity for cat work at a brokerage. have you let your desires and interests be known to your manager?
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Old 06-07-2018, 09:16 PM
goldenwalden goldenwalden is offline
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i'd think there'd be plenty of opportunity for cat work at a brokerage. have you let your desires and interests be known to your manager?
Yes. But the cat team is at a different office and we basically outsource all the cat work.
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Old 06-07-2018, 09:22 PM
goldenwalden goldenwalden is offline
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Originally Posted by Colonel Smoothie View Post
It's kind of a broad area. What about property are you interested in? I've done some severity modelling and fraud detection in that area.
what did you do with fraud detection?
I think my interested is broad. Roughly, Pricing > ILS > capital modeling > CAT modeling
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Old 06-08-2018, 12:04 AM
Harbinger Harbinger is offline
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Most property reinsurance is priced with cat models or traditional experience and exposure rating for per risk layers.
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Old 06-08-2018, 07:50 AM
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Does your brokerage have a reinsurance arm? That might be a good internal landing spot if you want more exposure to property cat.
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Old 06-08-2018, 02:26 PM
goldenwalden goldenwalden is offline
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Does your brokerage have a reinsurance arm? That might be a good internal landing spot if you want more exposure to property cat.
I actually managed to grab lunch with the property lead of the reins arm. I really like him and I think it would be great place to grow. I will keep an eye on any openings.

Any idea how different it is to work for the reinsurance brokerage vs reinsurer? I know reinsurance companies probably have work related with risk selection, portfolio optimization for property.
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