标题: Work exp: Insurance Underwriting [打印本页] 作者: prashantsahni 时间: 2011-7-26 13:28 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: adehbone 时间: 2011-7-26 13:33
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: malbec 时间: 2011-7-26 13:39
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: soverby 时间: 2011-7-26 13:44
No way in heII will that work. I got in w/ underwriting experience under the old requirements, but then I was doing commercial D&O liability, so it actually involved firm analysis, and fell under the prevailing work experience requirements. With all due respect, you're an auto insurance underwriter, which generally entails filling in the blanks on a worksheet (i.e. Toyota Prius or Toyota Camry) and reading the number it spits out, a far cry from anything IM-related (since the investment side of a p&c co. is generally outsourced, and miles away from underwriting).
I know if I'd been doing personal insurance underwriting (or even commerical auto) I would have been eating arsenic by the bowlful within 3 months.作者: zephyranalyst 时间: 2011-7-26 13:49
I would say the insurance work experience is more relevant for the CLU designation.
Willy作者: zbird2134 时间: 2011-7-26 13:55
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: torontoanalyst 时间: 2011-7-26 14:11
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: ASSet_MANagemen 时间: 2011-7-26 14:16
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: lucasg85 时间: 2011-7-26 14:21
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: economicz 时间: 2011-7-26 14:32
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.
