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Why I Want to Become a
Property and Casualty Actuary
Regan Deonanan
“You can be whatever you want to be and don’t let anyone convince you
otherwise. Follow your heart for only the stars are your limit.” These
were the words spoken to me by my parents ten years ago when I seriously
started deliberating on what I wanted to be. I remember these words
everyday and I have been stargazing ever since. It seemed that I had
searched the entire universe to no avail when I stumbled upon a rare and
brilliant star – Actuarial Science. From the very first day I laid eyes
on this academic pursuit, I knew I had found my passion and future
career.
Rated as one of the top professions
in America since the nineties, Actuarial Science is indeed one of the
most favorable careers today. However, my interest in becoming a
Property and Casualty Actuary runs much deeper than such a superficial
appraisal would suggest.
I love Mathematics and Economics. I
am fascinated by numbers and concepts. And I adore difficulty. To me,
there is nothing more rewarding than solving a difficult problem, no
matter how long it takes. The greater the degree of difficulty, the
greater my bliss. Form all that I have read and discussed with
individuals in the Actuarial Science field, I know that becoming a
Property and Casualty Actuary will provide me with all the intellectual
stimulation that I need. As an Actuarial Science and Economics major, I
know that I will be able to apply all the theories I would have learnt
to real-life, practical corporate issues, the pinnacle hope of any
scientist. I am convinced that I will enjoy every facet of the
profession and the challenges they will pose.
The insurance industry is among the
largest, most powerful and wealthiest entities in the world. This fact
fuels my interest in becoming a Property and Casualty Actuary in that I
know I will be paid well. I would be lying if I said that compensation
was not a major factor in choosing my future career. I strive to be the
best at whatever I do and I need to belong to an institution that will
recognize my aspirations and sacrifices and reward me accordingly. I do
not believe that any other sector in the corporate arena would be able
to live up to my expectations. Additionally, because insurance is
mandated by the law, I know that I will enjoy high job security in this
field. Actuaries are the life-blood of insurance companies and the need
for them will exist as long as the need for insurance exists.
My interest in becoming a Property
and Casualty Actuary also has its basis in the scope of the profession.
The dynamism and flexibility of the role of such an actuary promises
that I will never be plagued with stagnation. From working on technical
problems to interacting with clients to opportunities for international
travel, the profession provides a plethora of distinct and varied
experiences. Apart from diversity, I relish and identify with the way
advancement is structured, that is, through the passing of actuarial
exams. The exams provide a clear and precise path to advancing the
organization while at the same time maintaining the exclusivity of the
various positions. Consequently, my rate of promotion would be
proportional to my ambition and desire, with external influences being
minimized. I look forward to the challenge of being in this process with
great enthusiasm.
From all that has been said, it can
be clearly seen that I know exactly what I want to be and what I hope to
achieve. I have dedicated my life’s purpose to becoming a Property and
Casualty Actuary, knowing that the parameters of the profession
encompass my joy, hopes, dreams and desires. I will succeed in becoming
a Property and Casualty Actuary.
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