Outsourcing Actuarial Work – A Discussion - Actuary.com

Phase II RefinementsIncrease TrainingFind US Actuary To Spend 2-3Years In India OR Several USActuaries Travel To India Per Year– 1-2 month stays– Selected to target specific actuarialareas deemed weak– Builds familiarity and long-termrelationships among senior actuaries•Develop Targeted TrainingMaterials– Possibly for on-line use•Include In ALDP, SWAT•Develop US/India MentoringProgram•Attend Selected SOA Functions•Encourage Participation in SOAExam Syllabus•Develop Effective Student ProgramExpand UsageIdentify Skill Sets That Can BeLeveraged Throughout TheOrganization– Catalog of tasks– Individual skill sets•Extend Process To IncludeExamination Of ResponsibilitiesNot Currently Transferred ThatCould Be Considered•Encourage/Facilitate Transfer OfAdditional Tasks– Allow US actuaries to focus onbusiness issues instead of proceduralor computational onesOutsourcing Actuarial WorkCompany Confidential7