1. What drew you to a career in property and casualty insurance?
I actually went to college at Ball State University intending to major in insurance and actuarial science. While I was there, I was inspired by Professor Gary Dean [a Fellow of the Casualty Actuarial Society] who had a very successful career in P&C insurance before teaching at Ball State. I think I was most drawn to the incredible variety of insurance products in P&C and the heavy statistical focus for actuaries.
2. Why would you recommend a career in the property and casualty insurance industry to current college students?
I’d recommend it because the P&C insurance industry embraces and thrives on mathematical research and innovation. There’s also a huge demand for new graduates right now, especially for students with a unique specialty or another complimentary skillset.
3. What can students do now to prepare for a career in the industry?
I’d recommend reaching out to a P&C company in your area about job shadowing opportunities. There are also some great educational websites available that provide information. For aspiring P&C actuaries, a great resource is www.CASstudentcentral.org. And best of all, the insurance industry has hundreds (or thousands) of internship opportunities from coast to coast that can give you some hands-on experience.
CAS member Josh Spencer, ACAS, ASA, MAAA, CERA, is the Chief Actuary at Brotherhood Mutual.
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.