Keep upgrading your skills
Pranab Ghosh interviews Padmaja R, vice president, actuarian, Bajaj Allianz Life Insurance Company.
What are the challenges facing the profession?
With the market opening up to competition, product innovation, aggressive pricing, handling multiple distribution options, etc, have been the basic changes the industry has witnessed. These have thrown open loads of challenges (I will call them opportunities) for actuaries. While taking on more and more risks, it is also important for the actuaries to make sure adequate risk mitigation measures are in place. As the scope of actuarial work has expanded tremendously, it has become all the more important to keep oneself upgraded on the latest calculating techniques and tools.
Who are the leading employers for actuaries in India?
All life insurers, reinsurers, actuarial consulting firms and general insurers are the leading employers. There are a few KPO/ BPOs, which are providing actuarial services to their clients abroad; they also recruit actuarial talent.
Author: HT Horizons
Date: 10th March, 2010
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