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  • Health Care or Annuity

    Can i get your advice on career ? Recently i have 2 actuarial position offers. But they are in 2 different fields. One is John Hancock Actuarial Candidates Program in Annuity . The other one is Blue Cross Blue Shield Actuarial Student Program in healthcare. I do not have any actuarial experience, hence i do not know which field i want to specialize in. Can you give me some guideline--pro and cons in these 2 specialization fields?

  • #2
    Annuity w/JH: Well-respected co, possible diverse career possibilities, likely solid actuarial student program. Product less-regulated than health, but regulation increasing with product innovation & sales to baby-boomers. Long-term profit focus, creativity likely well-rewarded.

    BCBS (varies by co): Well-respected, generally one track, might/might not have solid actuarial student program. Well-regulated product line, often non-profit. Products often fairly standard, short-term profit focus.
    I thought this WAS a real job

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    • #3
      Thanks JMO Fan for replying my question. You show me a big picture of these two companies and fields. Per my working experience, i will prefer annuity product. It is more related to investment market (for pricing n evaluation group).

      For healthcare, will the reform--mandotory health insurance affect this field in the future?

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      • #4
        Health care is politically 'hot', so health insurance cannot possibly stay the same. There are no perfect solutions, so much creativity will be required. However, it also means more regulatory restrictions and requirements are extremely likely, which some don't enjoy dancing around (although others like the challenge).
        I thought this WAS a real job

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