Actuaries Without Borders - Actuary.com

Actuaries Without Borders

•In 1979, ING bought Life of Georgia
•In 1988-1990, I worked in the Netherlands

•ING was expanding globally
•ING was expanding within financial services

•This experience was one of the best of my career
•It was a tremendous personal growth opportunity
•It was a tremendous professional growth opportunity

What’s What’s Needed Needed from from U.S. US Actuaries in
Other In Other Countries? Countries?

•US and British actuaries are more broadly trained and experienced
than other actuaries
•English is the preferred international language
•Many insurance companies are listed on the New York and London
exchanges

•Success in an international environment requires humility
•Success in an international environment requires spousal
support
•Willingness to share knowledge and experience

How Can Actuaries Make A
Difference Elsewhere?

•US Actuaries can participate on the management team
•They can help train local actuaries in international actuarial
techniques (GAAP accounting, pricing, embedded values,
risk assessment, dynamic valuation, etc.)

Who’s Using These Actuaries?

•International insurance and financial services
companies

•International consulting firms
•Governments, etc.

What’s In It for the
Actuary?

•Opportunities to expand one’s mind and
experiences
•Opportunities to meet diverse people
•Opportunities to understand how financial
services developed in other environments
•Opportunities to share one’s knowledge and
maybe make a real difference

•Opportunities to travel in a meaningful way
•Opportunities to make contacts and friends all
over the world