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Actuarial Management - Thinking Like a P&L Leader
Prepare yourself to be a key contributor in the near- or medium-term with broad-based business skills and P&L knowledge and leadership.
Description:
Actuaries at all levels play critical roles within their organizations. Early career development is focused on building a strong technical and industry foundation. Once this foundation is in place, however, actuaries must begin to develop management, leadership, and advanced business skills in order to continue providing value to their organizations. As their careers progress, actuaries typically gravitate toward one of three paths:
(1) Individual contributor/technical expert
(2) Manager of an actuarial team (e.g., product development, valuation or corporate actuarial)
(3) Leader of a broad-based business team.
All these paths offer vast opportunities for professional growth, but all require a different primary skill set. Those interested in moving into broader roles or upper management must focus on understanding how a business really operates and what it takes to make one successful. P&L understanding and knowledge will help get you there.
Whether you are early in your career and still figuring out your path, or you are further along and know you want to head into upper management or a broader role, this webinar can help. For those earlier in their careers, one important mental shift is moving from purely tactical to strategic thinking, regardless of your current role. For those further along in your career, you must begin to understand what areas P&L leaders need to concentrate on to properly run a business line within an insurance company.
Learning objectives:
- Learn how to assess key components of a business model
- Understand how to set a vision and strategies for a business
- Learn how to operate a business day-to-day
- Identify key business drivers and levers
- Learn how to motivate a team to deliver superior results.
About Your Instructor
Raymond E. DiDonna, FSA
Ray DiDonna leads the Underwriting and Claims software and services businesses for the Americas region of RGAX, the transformation engine of Reinsurance Group of America (RGA). As part of his span of responsibilities, Ray is also Chief Executive Officer of LOGiQ3 Corp. and President of Greenhouse Life, both of which are wholly-owned subsidiaries of RGAX. Finally, Ray coordinates all strategic planning and execution activities across RGAX Americas.
Prior to his current role, Ray’s exclusive responsibilities were as CEO of LOGiQ3 Corp., a Toronto-based provider of consulting and outsourcing services for reinsurance administration and underwriting. Ray was also with The Hartford, where he led its Group Reinsurance Plus business line. He also spent several years at General Electric in roles that included President of Union Fidelity Life and Global Six Sigma Quality Leader for Life & Health Reinsurance. Additionally, Ray worked at Phoenix Life as Vice President of Life Reinsurance.
Ray is a Fellow of the Society of Actuaries, holds a Bachelor’s Degree and an MBA from the University of Connecticut, and is a GE-certified Six Sigma Master Black Belt.
Who Should Attend this Webinar?
This webinar is for actuaries and actuarial students interested in broadening their role within their company to a position involving more general business skills and decisions or who are moving into upper management.
Corporate Customers:
- 10+ participants & 1 connection option: live simulcast via an internal screen-sharing utility.
- 10+ participants & multi-connection option: each associate receives login credentials to access the live event and the recording.
- ACTEX will provide a self-registration site and activation key for your participants. The first 100 will be enrolled in the webinar. This makes it easy to offer continuing professional development opportunities without the need for administrative attention.
- As a reminder, it is a violation of ACTEX Learning Terms of Service to record webinars for rebroadcast. Please respect our intellectual property.
Important CPD Information:
Recorded ACTEX Webinars do not qualify for EA credit under the guidelines of the JBEA. ACTEX Webinars are strictly for educational purposes and cannot be submitted to attest for EA core or non-core credit.