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Outsourcing Actuarial Work – A Discussion - Actuary.com

Outsourcing Actuarial Work – A Discussion - Actuary.com

Outsourcing Actuarial Work – A Discussion - Actuary.com

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Other ConsiderationsAssociate Not Able To <strong>Work</strong> Alongside US Process ManagerLarge Time Difference– 9 ½ hours for standard time– 10 ½ hours for daylight time• English Is Not Always English• Some Cultural Differences– <strong>Work</strong> ethic is there - BUT• Little familiarity with US <strong>Actuarial</strong> Practices (ASI is not the SOA)• Little or NO understanding of how Americans think• Reluctance to disagree—even though they actually do• Retention A Problem• Market In India Is Booming– Salary increases of 75% not un<strong>com</strong>mon<strong>Outsourcing</strong> <strong>Actuarial</strong> <strong>Work</strong>Company Confidential15

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