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  #1  
Old 02-02-2018, 11:43 AM
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Default Choose: Leader of Pricing or Reserving

If you could be the leader of Personal Lines pricing or the leader of Reserving for a P&C company, which would you choose? Pricing is clearly more interesting, but...what I am really trying to ask: do PL-Pricing actuaries, despite arguably adding more value, have less upward mobility than Reserve actuaries do (e.g. to CFO years down the road)?

Obviously this varies from company to company. I'm looking for your experiences out in the job market.
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Old 02-02-2018, 12:07 PM
CuriousGeorge CuriousGeorge is offline
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A pricing actuary has a clearer path to higher level product manager roles. Neither has a very good path to CFO. Accountants tend to be more valued in that role (rightly or wrongly).
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Old 02-02-2018, 12:26 PM
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What would your ultimate goal be in this scenario?

in my opinion, Reserving actuaries have an easier path to Chief Actuary. That for an Insurance Company is typically on par with CFO, at least at the one's I've been at. I don't personally know any Chief Actuaries that have gone higher.

Pricing actuaries, as CuriousGeorge said, could lead to some sort of Product Manager Role. You can also transition more into the Underwriting/Sales side of things. With the right personality, this might lead you to Division President or something like that. imo, that would be the most likely to lead to CEO if that is the ultimate goal.
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Old 02-02-2018, 12:42 PM
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I agree reserving has clearer path to CA, though if you fall just short of CA I'd bet you do better in pricing with the whole revenue side of things.

Plus busy seasons, forget that.
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Old 02-07-2018, 05:35 PM
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At my current company, reserving. At my last company, pricing.
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Old 02-07-2018, 07:17 PM
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I'd be willing to do any menial task if it paid well enough
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Old 02-09-2018, 01:39 AM
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Reserving because you can become the AA and be a bawsss
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Old 02-09-2018, 01:41 AM
AbedNadir AbedNadir is offline
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I'd be willing to do any menial task if it paid well enough
what if you had to continuously do it until you died but when you die they give $10B to a charity of your choice?
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Maybe, if there were some magical 4th dimension where they did their work in hypercubicles. Otherwise, I don't see them.
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Old 02-09-2018, 12:22 PM
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what if you had to continuously do it until you died but when you die they give $10B to a charity of your choice?
no thanks, money now or GTFO

Also, I believe charities are economically inefficient and wasteful, and I would never donate to one.
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Old 02-09-2018, 01:02 PM
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I'd be willing to do any menial task if it paid well enough
Most menial tasks don't pay very much. Have you ever been a strawberry picker?
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