Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions



Reply
 
Thread Tools Search this Thread Display Modes
  #21  
Old 11-19-2018, 10:23 PM
hostess's Avatar
hostess hostess is offline
Member
CAS
 
Join Date: Aug 2018
Posts: 661
Default

swiss re is where its at... reinsurance > consulting > insurance no?
Reply With Quote
  #22  
Old 11-20-2018, 08:40 AM
DrWillKirby's Avatar
DrWillKirby DrWillKirby is offline
Member
SOA
 
Join Date: Oct 2011
Studying for PA
Posts: 1,007
Default

Quote:
Originally Posted by Colonel Smoothie View Post
For me it's a toss up between Allstate and CNA. State Farm is located in the boonies and so is Swiss Re (I'm assuming OP is in Illinois). Being in reinsurance is not worth living in Schaumburg, imo.

Allstate is now at Merchandise Mart, which is close to the Loop. River North is a great place to be if you like nightlife.

My impression is that CNA tends to be more uptight about exam progress whereas Allstate is a bit more laid back. CNA people historically have liked to brag about poaching Allstate employees, but I see that gap narrowing with Allstate's new location in the Loop.
Oh damn, didn't realize they had that option.
Reply With Quote
  #23  
Old 11-20-2018, 09:04 AM
nin01001 nin01001 is offline
Member
 
Join Date: Jul 2011
Posts: 220
Default

Quote:
Originally Posted by Colonel Smoothie View Post
For me it's a toss up between Allstate and CNA. State Farm is located in the boonies and so is Swiss Re (I'm assuming OP is in Illinois). Being in reinsurance is not worth living in Schaumburg, imo.

Allstate is now at Merchandise Mart, which is close to the Loop. River North is a great place to be if you like nightlife.

My impression is that CNA tends to be more uptight about exam progress whereas Allstate is a bit more laid back. CNA people historically have liked to brag about poaching Allstate employees, but I see that gap narrowing with Allstate's new location in the Loop.
Meh, for a summer can be anywhere. The Armonk office for Swiss Re is on a gorgeous campus .
Reply With Quote
  #24  
Old 11-20-2018, 09:13 AM
DrWillKirby's Avatar
DrWillKirby DrWillKirby is offline
Member
SOA
 
Join Date: Oct 2011
Studying for PA
Posts: 1,007
Default

I actually OP has so many offers and weak enough preferences that they shouldn't pick based on where they think they want to work. They'll likely end up with just as many if not more options for full time having the internship experience. They should actually pick the job which will best help them figure out where they want to be for full time.

I say go with Mercer or Swiss Re. Mercer, if the consulting office is a sweatshop, they'd be more likely to get real work and find out whether or not they want to work in a sweatshop. Swiss Re I don't know much about, but it the resinsurance/brokerage aspects make me think it's more different from CNA/State Farm/Allstate than any of those 3 carriers would be for each other. If OP doesn't like Mercer, a carrier becomes an easy choice

I don't think it's necessarily bad to pick insurance. I just think there's less variance in the outcome of the internship. They'll have an organized program, activities with the other interns, a little something to work on but nothing too difficult or stressful. Based on the OP, they will probably just end up at whichever carrier they pick unless they really like job searching (or discover they have some location preferences).

OP, consider if you'd want to work in Bloomington, downtown Chicago, or the suburbs. Location is known. There could be a lot of variance in how much you'll like your manager/first role within each company that none of us can evaluate.

Last edited by DrWillKirby; 11-20-2018 at 09:22 AM..
Reply With Quote
  #25  
Old 11-20-2018, 09:46 AM
therealsylvos's Avatar
therealsylvos therealsylvos is offline
Member
CAS
 
Join Date: Mar 2014
Posts: 17,626
Default

Quote:
Originally Posted by extrovertedactuary View Post
I generally agree with this analysis, but my one word of caution around your personal/commercial advice is that it seems most actuaries at Allstate work in personal, and from my experience, it is harder to change companies from a personal lines role to a commercial lines role than the other way around. So if one assumes you'll be placed in a personal lines role for Allstate, I would actually go with CNA.


I'd give Swiss Re a serious look too, especially if it's P&C Re not Life Re. I wouldn't make my internship decision based on location though, but that's just me.
__________________
Quote:
Originally Posted by ao fan View Post
i like laying in the tube and pretending that i'm dead.
Reply With Quote
  #26  
Old 11-20-2018, 09:47 AM
Westley Westley is offline
Member
 
Join Date: Nov 2001
Posts: 29,247
Default

Quote:
Originally Posted by hostess View Post
I believe CNA only does commercial insurance where as statefarm and allstate do both personal and commercial so you can get more exposure to more product lines (afaik).
This is technically true but fairly misleading imo. Allstate’s commercial lines is mostly a support line sold through the same agency group, and therefore looks a lot like a personal lines product. The various commercial lines at cna are more varied than Allstate’s personal and commercial lines imo.

Eta: ninjas abound. Would say lots of good advice here and OP shouldn’t fret, there isn’t really a bad option here. Would add that there’s value in going to a location that you don’t know if you’d want to live there and see how that works out. Like said above, Schaumburg kinda sucks imo, but spending a summer deciding if you might like it could be ok. And if you don’t want to go back, at least you learned that.

Last edited by Westley; 11-20-2018 at 09:54 AM..
Reply With Quote
  #27  
Old 11-20-2018, 10:38 AM
The_Polymath's Avatar
The_Polymath The_Polymath is offline
Member
CAS SOA
 
Join Date: Jun 2016
Posts: 2,427
Default

Quote:
Originally Posted by hjacjswo View Post
I heard swiss re pays really well. So, either swiss re or CNA. CNA has the best location in my opinion, and also a good rotation program.
Swiss Re pays above average in most locations that I know off.
__________________
Quote:
Consistency is the hobgoblin of little minds
Reply With Quote
  #28  
Old 11-20-2018, 11:21 AM
hostess's Avatar
hostess hostess is offline
Member
CAS
 
Join Date: Aug 2018
Posts: 661
Default

Quote:
Originally Posted by Westley View Post
This is technically true but fairly misleading imo. Allstate’s commercial lines is mostly a support line sold through the same agency group, and therefore looks a lot like a personal lines product. The various commercial lines at cna are more varied than Allstate’s personal and commercial lines imo.

aah i see.
Reply With Quote
  #29  
Old 11-20-2018, 11:44 AM
hjacjswo hjacjswo is offline
Member
 
Join Date: Dec 2009
College: About to be a super senior
Posts: 1,599
Default

Basically commercial insurance at allstate is mostly for mom and pop shops, while commercial insurance at CNA will be for corporations and such. So, actuarial work will be somewhat different.
Reply With Quote
  #30  
Old 11-20-2018, 11:46 AM
hjacjswo hjacjswo is offline
Member
 
Join Date: Dec 2009
College: About to be a super senior
Posts: 1,599
Default

Does Allstate really have an actuarial office downtown? Interesting.
I saw that they have Airity or whatever in downtown. But, that's not the core Allstate, I think.
Reply With Quote
Reply

Tags
decision, internship, job

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 06:55 PM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.37715 seconds with 9 queries