The demand for Actuaries and analytics professionals has increased greatly in the aftermath of the recent financial crisis. While the market has proven to be competitive across all lines of business, we have seen the strongest increase in activity within the Health and Property and Casualty (P&C) industries. We can explain this trend as companies are strongly impacted by the low rates on the life industry and try to find a growth driver on the non-life industry.
This increase in hiring activity is a direct reflection of more companies being in a stronger position to hire Actuaries. Furthermore, companies are improving financially and expanding their businesses because of new products and/or new clients. Health and P&C groups are expanding their modeling and risk management initiatives to maximise revenue while minimising risk. On the health side, we have seen growth in business because of sweeping changes due to healthcare reforms.
With increased competition for a highly sought-after skill set, more and diverse opportunities are available in today’s actuarial market. As the insurance market continually grows and evolves, so too will the demand for specific actuarial expertise.
At Asquare Partners, we combine a passion for recruitment and for our niche market. We become partner in our client’s talent management strategy.