18 December 2015 Bermuda Re/insurance And with the global middle class expected to grow to nearly five billion within two decades the market for reinsurance, micro or otherwise, continues to grow. In my eyes, this makes the reinsurance industry an extremely attractive and exciting prospect for young professionals. Do you think the reinsurance industry offers good opportunities and career development to young professionals? Very much so: the reinsurance industry offers a wide range of highly regarded professional designations, each presenting different opportunities and different paths to qualification. Actuarial, underwriting, risk management, operations, technology, tax and audit are just a few. In addition, Bermuda is a fantastic incubator of innovation and talent which in itself presents excellent opportunities for career development and progression. What are your aspirations for the future? I have been very lucky to have some incredible role models and mentors in my career to date. I am extremely grateful to these people and I feel I owe it to them to succeed in my career to the best of my ability. I also recognise the importance of having this support network around me and I want to be able to give back. I hope I am able to provide similar inspiration, knowledge and guidance to the next generation of reinsurance professionals. If you’d chosen a different profession/career path, what would it have been? I always wanted to be a dancer but I wasn’t very good, so I probably would have been a veterinarian because of my love of animals. BERMUDA’S RISING STARS Liz Cunningham Job title: Partner, actuarial, risk & analytics Company: Deloitte Career path Liz Cunningham is a partner in Deloitte and leads the actuarial, risk and analytics practice across Bermuda and the Caribbean region. She is a Fellow of the Institute and Faculty of Actuaries; a Chartered Enterprise Risk Actuary and a Member of the Caribbean Actuarial Association. She is also secretary to the Institute of Risk Management (Bermuda Chapter) and has her MBA from Edinburgh Business School. Why did you choose to go into the reinsurance industry? I decided I wanted to be an actuary from quite a young age: I enjoyed math and economics at school and the career seemed like a good fit. I started my career in pensions, but I soon moved into insurance and now I work with insurers and reinsurers of all sizes and from all around the world. Do you think the industry is attractive to young professionals? There is no doubt that the reinsurance industry is facing change on an extraordinary scale. Shifts in the distribution model; alternative sources of capital; increasing use of sophisticated data analytics and sweeping regulatory changes to name just a few. However with these challenges come opportunities. There is greater need and appetite for the wealth protection reinsurance provides and technology advancements and innovative thinkers are making insurance products more accessible to the masses. Look at the microinsurance sector: while today more than 260 million low-income citizens in developing countries are covered by an insurance policy, there are many people without cover.
Bermuda Rising Stars
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