dumb question about P & C

[dude]

P&C= Property and casualty?? I think I am right.

Ok, I don't know much about the insurance industry.

Property & Casualty to me means companies offering car insurance, fire insurance, etc.

Let's put it up this way. Almost every city has insurance companies for cars or property. Based on that, shouldn't there be employment in the city we live in for those of us wanting to specialize in P&C?

Ok, maybe I don't know how put my question. Suppose I live in London, Canada. If I am interested in p&c, shouldn't I be able to find employment as an actuary in a car/fire insurance company? That is, in London itself.
Would it be difficult? Aren't there enough car insurance companies in each city to hire actuaries?

I am somehow confused about this. I hope someone can clarify things for me.

[tommie frazier]

P & C = Property casualty.

sure everywhere has a need for insurance, but the company needn't be local. at least the actuaries need not be. they just need a sales force (or an 800 number) and some adjusters on retainer for personal lines (homeowners, pers auto).

if you want london ontario, look in the soa.org database of members for london.

gl

[2M]

Basically, the best way to remember P&C is:

Not Life & Health

[twig93]

P&C does indeed mean Property & Casualty. Personal Lines (home, auto, boat, personal umbrella) is one part of P&C. There's also insurance for businesses - which can encompass a number of things: damage to buildings & property, liability, medical malpractice... You know when radio stations have a contest for a "chance to win a million dollars"? They've bought an insurance policy so that if the person actually does win the million, the insurance company pays the bill. I'm just barely scratching the surface, I'm sure. (I work in Life.)

There are insurance AGENTS from practically every insurance company in practically every city in the developed world. Actuaries generally only work in the company's home office. Hence there are less jobs out there than you might be imagining.

[dude]

Are you saying that the insurance companies don't need as many actuaries? Is that why people have to move somewhere else to find a job?

Still a 'bit' confused though. Aren't there many car/property insurance companies in each city? Shouldn't that help let's say 20 actuaries to get hired?

[Elisha]

Originally Posted by 2M

Basically, the best way to remember P&C is:

Not Life & Health

[Nitpick]=AND(NOT(LIFE),NOT(HEALTH)) [/Nitpick]

[dude]

Thank you man.

You gave me the answer I was looking for.

Ok, now things are much better understood.

I thought that actuaries were basically hired by all insurance company LOCATIONS.

Looks like there's something I was missing.

[twig93]

I'm all woman, but you're welcome anyway!

[2M]

Originally Posted by Elisha

[Nitpick]=AND(NOT(LIFE),NOT(HEALTH)) [/Nitpick]

Yeah, that's it

[dude]

I am so sorry. I didn't mean to offend you.

Well, thank you ma'am.