标题: Work exp: Insurance Underwriting [打印本页] 作者: cfalevel2011 时间: 2011-7-13 17:21 标题: Work exp: Insurance Underwriting
I have 2.5 yrs of equity research experience and prior to that, I worked as an Insurance Underwriter wherein my job function primarily involved analyzing, selecting and pricing auto insurance risk exposures.
Would insurance underwriting be considered relevant work experience for the charter? Has anyone submitted similar experience to CFAI and got accepted/rejected or have any ideas as to how to present it?
Thank you for any suggestions!作者: jmh530 时间: 2011-7-13 17:21
bump. anybody?
Underwriting Team Leader
- Analyze risk characteristics of insurance applicants and make decisions regarding risk selection, placement, classification and pricing of auto insurance
- Conduct presentations for State Farm agents to promote understanding of the company's actuarial, underwriting, and marketing programs and train them in underwriting areas; provide assistance to agents and their staff on special cases
- Analyze agents' book of business and develop recommendations for growth and profitability; conduct analysis to understand structure of their risk portfolio
Edited 1 time(s). Last edit at Tuesday, September 2, 2008 at 02:43PM by chintz.作者: Windjammer 时间: 2011-7-13 17:21
Perhaps you could try to tailor it a bit more to the curriculum?
E.g. Maybe mention development / application of factor models to assess risk?
Did the pricing of insurance premiums take into consideration the investment returns from the other side of the business, or was the firm genuinely trying to make underwriting profits?作者: former 时间: 2011-7-13 17:21
I would say the insurance work experience is more relevant for the CLU designation.
Willy作者: infinitybenzo 时间: 2011-7-13 17:21
Hi folks
I am also not sure whether my experience in REINSURANCE is relevant to work experience required by CFAI. In the past i was doing pricing XOL treaty reinsurance, handling inward for D&O and casualty, i was also member of Risk Management and Asset Liablility committee of an P&C insurance company.
does anyone have same situation with me?
Thank you very much in advance.作者: wake2000 时间: 2011-7-13 17:21
D&O underwriting IS considered relevant experience. Many moons ago I worked in that industry and there were several CFA Charterholders who were also underwriters.
Not sure about reinsurance, depends on what you actually did. I'm sure there are roles in the reinsurance area that would qualify since it's risk management (on the underwriting side).
Auto = no way. Sorry.作者: Analti_Calte 时间: 2011-7-13 17:21
Thank you very much, bizval4! for reinsurance, i handled inward treaty which i had to price excess of loss treaty based on statistics concering premium, loss. Hopefully it is acceptable by CFAI.
Thank you again, bizval4!作者: bodhisattva 时间: 2011-7-13 17:21
I think you'll be good then. As long as you worked on the analysis of risk and determined the pricing accordingly you'll be fine. It's more/less credit analysis on a larger scale - depending on the types/size of risk you were analyzing.
Best of luck!作者: jmh530 时间: 2011-7-13 17:21
i am shocked that the CFAI would think that insurance underwriting is acceptable work experience. just saying...
CFA Jay Wrote:
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> i am shocked that the CFAI would think that
> insurance underwriting is acceptable work
> experience. just saying...
Until I worked in the field of D&O and executive liability underwriting, I would have thought the same also. It depends on the type of insurance underwriting, and the areas that qualify are very limited.作者: cityboy 时间: 2011-7-13 17:21
if software engineers and "financial analysts" are getting approved, then I dont see why insurance underwriting wont get approved. I mean hey, lets allow anything slightly tangential to count as valid work experience.
