Andrew Cartmell, FCIA, FCAS, who has been president and CEO of SGI (Saskatchewan Government Insurance) for nine years; · Bernard Naumann, FCIA, FSA, who was. To move to corporate management functions, actuaries must go beyond everyday activities and adopt a global vision of the corporation. This session included a discussion on how to balance the needs of internal and external stakeholders, as well as responsibilities, how to establish company objectives, formulate appropriate strategies and understand the organization's presence internationally. The following are the highlights of the session.
Andreani Callimachou, CEO of CNP Cyprialife and president of the Cyprus Actuarial Association, began her career as an actuarial intern at a life insurance company. In general, actuaries possess a “great combination of business acumen and technical experience that allows them to successfully fill a CEO position”. Redactive Publishing Limited publishes The Actuary on behalf of the Institute and the Faculty of Actuaries. In addition, actuaries learn to communicate their work to various audiences, which is an important characteristic of a successful manager.
A panel of actuarial leaders spoke about the challenges and opportunities associated with managing a company in today's global market. However, I don't see the actuarial designation as getting you where you could go in top management. Actuaries are involved in several different projects and gain an overview of the operational, financial, actuarial and business development fields that can help them become top managers. Patsalides believes that “adequate actuarial training captures most of the qualities and skills required, as it exposes you to technical and business-oriented topics.
We wanted to explore whether actuarial training offers a particular advantage to those who want to assume CEO roles in insurance companies.