- What drew you to a career in property and casualty insurance?
I was drawn to the insurance industry by its competitiveness. As a former college athlete, I was looking for something that could attempt to replace the void left by competitive sports. No matter where I turned, I saw an insurance commercial or advertisement, showing me how much companies battle for business. This excited me to join a team and help promote profitable growth!
- Why would you recommend a career in the insurance industry to current college students?
There are two main reasons that I would recommend the insurance industry to current college students. First, it is a growing industry. As the population increases, the need for insurance is bound to increase as well, so more jobs will become available. Second, there are several different opportunities within an insurance company- claims, sales and marketing, underwriting, finance, and of course, actuarial. There is a place for everyone to use his or her set of skills and advance within the industry.
- What can students do now to prepare for a career in the industry?
Learning the basics of insurance- deductibles, claims, how rates are decided, etc. - will help college students sound knowledgeable during interviews and is a good first step. Beyond that, good communication, writing, and analytical skills are essential. I recommend taking a wide range of classes from math to finance to philosophy in order to gain experience doing many things. Finally, depending on the type of job a student desires, computer programming is a highly sought after skill in the insurance industry.
Ryan Snyder is an actuarial analyst at State Auto Insurance.
The Casualty Actuarial Society (CAS) is proud to support the launch of Insurance Careers Month, a major multi-phased collaborative effort designed to help raise awareness of insurance as a compelling career choice. Throughout the month of February 2016, the CAS will feature profiles of millennials in the property and casualty insurance industry on www.CASstudentcentral.org.