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We have seen a massive increase in Insurtech roles over the last couple of years, but sometimes we do get pushback from actuaries who want to ‘play safe’ and stay within a larger organisation. Whilst it’s true that Insurtech doesn’t suit everyone, here are some reasons why it could be a great next move in your career:
Much greater autonomy: Insurtech’s usually have smaller teams with a broad reach, giving actuaries a lot more leeway to make decisions. Most of the Insurtechs we work with are looking for people who can think creatively and proactively solve problems. If you are looking for a role where you can have your own ideas and run with them, Insurtech is a great place to be.
Use the latest and greatest technology: Creative solutions need creative methods, and Insurtech’s tend to give their actuaries access to the newest software/platforms so that they can get the job done.
Increased visibility within an organisation: Larger insurers have massive analytics teams, and actuaries face the threat of being lost in the woodwork. At an Insurtech, you will be making a tangible and visible impact on the business and speaking to senior stakeholders on a consistent basis. Take it from me; the best actuaries in the market are the ones that have made themselves known!
If any of the above sounds interesting, or you want to have a more exploratory chat about moving into an Insurtech, please don’t hesitate to reach out to me. I have roles at pretty much all levels, so I would be keen to speak to you! Contact me at curtis.browning@eamesconsulting.com
