The Property and Casualty Side of Actuarial Science

P&C companies hosted a virtual information session about the property and casualty side of the actuarial field. Actuaries from Guy Carpenter, Ernst & Young, and Erie Insurance informed students about the difference between CAS and SOA, career opportunities for CAS actuaries, and trends within the industry. This event helped students who haven’t been exposed to the CAS side gain insight on the different lines of business, such as fire damage, bodily injury, cyber risk, financial options, and more. 

Moreover, the individual companies explained their primary roles in the industry. EY is a global company in 154 countries working on different engagements, such as actuarial litigation support, mergers and acquisitions, predictive modeling, actuarial risk and capital management, etc. Erie insurance is a Northeast/Mid-Atlantic insurer on the Fortune 500. As the 11th largest personal lines insurer and 20th largest business insurer, it’s no wonder this insurance juggernaut has earned an A+ Rating from A.M. Best. Guy Carpenter is one of the four businesses within Marsh McLennon that has contributed to the company’s success. Because of its broking expertise, industry-leading analytics, and strategic advisory services, the company takes great pride in its impact. The company’s strength and resilience is unparalleled within the industry.

The Actuarial Science Club thanks Atharv Gupta, Brandon O’Hara, Margo MacKenzie, Shannon Cikowski, and Peter Hohman, for taking the time to inform students on the P&C industry and giving them the opportunity to network. For more information about the event, reach out to Max Cohen (mvc6160@psu.edu).