Work exp: Insurance Underwriting insurance, Insurance, experience, auto

bluejazzy

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!

yuoska

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.

xilinx_altera

CFA Jay Wrote:
-------------------------------------------------------
> 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.

SFoyil

i am shocked that the CFAI would think that insurance underwriting is acceptable work experience. just saying...

______________________________________________________

CFA Jay, CFA

RepoToronto

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!

Muddahudda

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!

canadiananalyst

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.

RMontgomery

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.

OmarAdnan

I would say the insurance work experience is more relevant for the CLU designation.

Willy

Palantir

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.