If property and casualty insurers were to draw up a generic "Help Wanted" ad to recruit actuaries for general insurance (GI) business, it might go something like this:
Immediate openings for GI actuaries. Required: Strong hands-on skills and training, including the ability to apply not only basic regression and time series methods, but also advanced predictive analytics and statistical modeling techniques to complex data sets. Candidates must demonstrate strong computer and software skills, balanced understanding of short- and long-term insurance risks and creative problem-solving. Strong business sense a plus.
That's quite an eyeful — and decades ago, it may have been much shorter.
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