A growing trend that is being felt across the industry, especially by actuaries, is the pace at which private equity firms and asset managers have been buying or backing insurance companies.
The trend of hiring remote staff from South Africa is gaining momentum among insurance, reinsurance, and other financial services companies in the US, UK, Bermuda, and Cayman Islands.
Actuaries are in high demand, and with near-full employment across the profession (under 1% unemployment), companies must adapt their hiring strategies to stay competitive.
Although many major changes from the last few years such as IFRS17 and PBR are fully implemented and running smoothly, the ever-changing regulatory environment will still impact 2025 resource planning and strategic initiatives.
In a competitive job market, candidates need to be thoughtful and intentional in their approach when applying and interviewing for jobs.
Most actuaries are aware of contracting as a career path, but many still have questions about how to get started, the pros and cons, and what a typical engagement might look like.
