Who we are We are One of the world s leading multinational insurance groups providing General Insurance across the world. Our Products include Personal Insurance Commercial Insurance Global Specialty Protection for your home, vehicles, pets and valuables Protection for businesses and business owners Programs for highly specialised or multinational businesses Proud heritage of over 300 years FTSE 100 Company.
OUR HISTORY
Our heritage is as old as the industry itself 1710 1720 1782 1836 1845 1996
We are today.. 2008 - Royal & Sun Alliance rebranded RSA Insurance Group
Some of our clients 1764 Captain James Cook s home was insured for fire prior to his first legendary voyage. 1840 We insured Charles Dickens home near Regent s Park in London for 2 a year 1844 We provided cover for Down House, where Charles Darwin wrote On the Origin of Species 1859 We insured Queen Victoria s residence in Oxfordshire for 1,000. 1909 At the age of 34, Winston Churchill took out one of our life policies. 1912 We were one of the insurers of RMS Titanic, whose sinking was valued at 1million.
RSA AROUND THE WORLD
RSA Group Headquartered in London, we have major operations in UK & Ireland, Scandinavia and Canada with a Gross Revenue of 6.8 Billion. We're 13,500 people serving nine million customers in 100+ countries. UNITED KINGDOM Leading Commercial & Top 5 Personal Lines insurer IRELAND Largest general insurer CANADA 3rd Largest general insurer SCANDINAVIA 3rd largest insurer in Denmark & 4th largest in Sweden MIDDLE EAST Crowned as insurer of the year, 2017
OUR VISION AND FOCUS
OUR FOCUS Our business is built around our customers. By focusing on their needs we challenge ourselves to achieve more. RSA has now built the foundations to follow this course and to credibly set best-in-class as our future performance ambition. Our plans over the next three years show RSA advancing on that goal Stephen Hester, Group Chief Executive
OUR VISION Better value for customers Better value for shareholders Better value for employees Better value for society and the environment
OUR CUSTOMERS
We work with some of the biggest brands We ve been putting our customers first for more than 307 years, protecting the things they value most and helping make things better when the worst happens. Good business simply starts with our customers and we strive to keep our customers at the heart of what we do, and strive to be best in class for them.
Some interesting facts We are the world s leading insurer of renewable energy 14
Some interesting facts We insure the paper that makes all the newspapers in Scandinavia 15
Some interesting facts We insure every drop of milk in Denmark 16
Some interesting facts We are great football fans we insure all the famous stadiums Emirates, Anfield, St. James, Blackburn, Old Trafford & Watford! 17
OUR TEAMS AT INDIAN ACTUARIAL
PRICING We assess risks associated with extending insurance or financial products to potential clients, and determine the prices for these products CAPITAL MODELLING We improve risk management by projecting both the liability and assets of insurers to assess solvency and future capital needs RESERVING We tell the company how much we expect to pay-out to our customers in the future so that we can plan in advance. Our vision is to develop and support RSA s actuarial and technical community by providing best in - class technical expertise and solutions through collaboration and innovation. As internal consultants, our clients are the different RSA offices from around the world. ANALYTICS We help the company in implementation of actuarial judgements by making sense of facts and data
Who is an Actuary??
Part Super-Hero. Part Fortune-Teller. Part Trusted Advisor Actuaries Manage Risk It takes a combination of strong analytical skills, business knowledge, and understanding of human behavior to manage today's complex risks facing our society. By understanding the very nature of risk, actuaries play a key role in the psychological, physical, and financial stability of the society. With actuaries around, businesses can grow, retirees can invest with confidence, and people can enjoy peace of mind. Actuaries love what they do Actuary is a top ranked job. After all, they earn high incomes in low-stress environments. Actuaries enjoy a harmonious work/life balance. The work actuaries perform is intellectually stimulating and they work in a variety of settings. But no matter where actuaries work, this career comes with one great perk: the satisfaction of solving problems critical to businesses and having a real impact. Actuaries are the backbone of financial security Insurance companies, financial planners, and many multinational corporations are hesitant to make certain moves without consulting actuaries first. Actuaries play a key role in the management team of companies that deal with risk. In a fast-changing world, with emerging risks and the need for more creative ways to tackle them, the need for actuaries and opportunities in the actuarial profession are more than ever!
Fast facts about actuaries How long does it take to become an Actuary? Being an actuary requires passing a series of examinations to earn an actuarial designation through the Institute of Actuaries of India or the Institute and Faculty of Actuaries, UK. There are 15 exams and it can take from 5-8 years to pass all the exams. How an organization supports you to become an Actuary? Most of the organizations provide actuarial study support. This includes time off from work to study, reimbursements for study material and exams. RSA has an excellent study support considered as one of the best in the industry. How much money will I make as an actuary? Actuaries are well compensated. Experienced Fellows have the potential to earn from INR 4,500,000 to INR 10,000,000 annually, and many actuaries earn more than that. Which actuarial domain will I be working in? RSA has the unique distinction of having three well established actuarial domains, all under one roof - Pricing, Reserving and Capital Modeling. And you have the opportunity to get exposed to multiple domains within the Actuarial Profession
Role Of The Actuary : Where They Get Involved Making sure our prices are sufficient Predicting the cost of future claims Theoretical Price Policy Sold Reserves Set Reserves Set Again Capital Adequacy of Strategy Market Price End of 1 st Financial Year End of n th Financial Year Ensuring we can afford to take on risks Actuaries are involved in every step of driving the company forward 23
Role Of The Actuary : Where They Get Involved Capital Actuary - Calculates how much Capital the business needs to hold - makes strategic decisions on capital allocation Pricing Actuary - Helps understand risk and calculate premium to be charged to the policy holders - Designs, Develops and Implements products Reserving Actuary - Estimates how large the future claims from the past business will be - Calculates the range of possible results - Estimate the timing of future claim payments All involve 24 statistical models to help predict the future
Why should you become an Actuary?
Industry Overview Insurance Consultants Re-Insurance I am an Actuary Pension Funds Government Investments Risk Management Academics All involve 26 statistical models to help predict the future All involve statistical models to help predict the future. And a Lot More
Career as an Actuary The Numbers The Opportunities Only 324 / 10,635 qualified actuaries at IAI. Average gap of 20-25% in supply and demand A Profession for life. Consistently ranked amongst the best jobs in the world A symbiotic relationship between work and study Amongst the best paid of all professional groups Work Life Balance Global Opportunities 27
How do you progress. Student Actuary Analyst/ Consultant Qualified Actuary/ Lead / Manager Trusted Advisor 28
So Are You Tempted? Where Do You Start? Get a job as a trainee / student actuary Study and attempt exams while working and earning The world is your oyster Qualify as an actuary
WE ARE HIRING!
Core skills and background we need DEGREE Bachelors or Masters in Mathematics or Engineering or equivalent. COMMUNICATION Must possess excellent communication skills ATTITUDE Must be a self starter with great initiative and a team player above all. Excellent Analytical Skills Scientific and logical thinking Problem solving skills Ability to work with multiple disciplines
But why should you join RSA? You ll be working with the brightest and the best, wherever you BEST IN CLASS are in RSA. We give you the tools and training to grow and improve SKILLS your & TRAINING skills Thanks to our size and scope, you can count on exciting international GLOBAL opportunities EXPOSURE You meet the best and the brightest and build a huge valuable NETWORK network We pay the top quartile salaries, offering upwards of SALARY 7 lpa to you Our Actuary Development Scheme is one of the best in EXAM the industry SUPPORT Unlike other high paying professions, with us you can WORK balance LIFE work BALANCE and life, Impress us with your performance and we ll impress you with AWARDS our rewards
But why should you join RSA? You ll be working with the brightest and the best, wherever you are in RSA. We give you the tools and training to grow and improve SKILLS your & TRAINING skills Thanks to our size and scope, you can count on exciting international GLOBAL opportunities EXPOSURE You meet the best and the brightest and build a huge valuable NETWORK network We pay the top quartile salaries, offering upwards of SALARY 7 lpa to you Our Actuary Development Scheme is one of the best in EXAM the industry SUPPORT Unlike other high paying professions, with us you can WORK balance LIFE work BALANCE and life, Impress us with your performance and we ll impress you with AWARDS our rewards
But why should you join RSA? You ll be working with the brightest and the best, wherever you are in RSA. We give you the tools and training to grow and improve your skills Thanks to our size and scope, you can count on exciting international GLOBAL opportunities EXPOSURE You meet the best and the brightest and build a huge valuable NETWORK network We pay the top quartile salaries, offering upwards of SALARY 7 lpa to you Our Actuary Development Scheme is one of the best in EXAM the industry SUPPORT Unlike other high paying professions, with us you can WORK balance LIFE work BALANCE and life, Impress us with your performance and we ll impress you with AWARDS our rewards
But why should you join RSA? You ll be working with the brightest and the best, wherever you are in RSA. We give you the tools and training to grow and improve your skills Thanks to our size and scope, you can count on exciting international opportunities You meet the best and the brightest and build a huge valuable NETWORK network We pay the top quartile salaries, offering upwards of SALARY 7 lpa to you Our Actuary Development Scheme is one of the best in EXAM the industry SUPPORT Unlike other high paying professions, with us you can WORK balance LIFE work BALANCE and life, Impress us with your performance and we ll impress you with AWARDS our rewards
But why should you join RSA? You ll be working with the brightest and the best, wherever you are in RSA. We give you the tools and training to grow and improve your skills Thanks to our size and scope, you can count on exciting international opportunities You meet the best and the brightest and build a huge valuable network We pay the top quartile salaries, offering upwards of SALARY 7 lpa to you Our Actuary Development Scheme is one of the best in EXAM the industry SUPPORT Unlike other high paying professions, with us you can WORK balance LIFE work BALANCE and life, Impress us with your performance and we ll impress you with AWARDS our rewards
But why should you join RSA? You ll be working with the brightest and the best, wherever you are in RSA. We give you the tools and training to grow and improve your skills Thanks to our size and scope, you can count on exciting international opportunities You meet the best and the brightest and build a huge valuable network We pay the top quartile salaries, offering upwards of 7 lpa to you Our Actuary Development Scheme is one of the best in EXAM the industry SUPPORT Unlike other high paying professions, with us you can WORK balance LIFE work BALANCE and life, Impress us with your performance and we ll impress you with AWARDS our rewards
But why should you join RSA? You ll be working with the brightest and the best, wherever you are in RSA. We give you the tools and training to grow and improve your skills Thanks to our size and scope, you can count on exciting international opportunities You meet the best and the brightest and build a huge valuable network We pay the top quartile salaries, offering upwards of 7 lpa to you Our Actuary Development Scheme is one of the best in the industry Unlike other high paying professions, with us you can WORK balance LIFE work BALANCE and life, Impress us with your performance and we ll impress you with AWARDS our rewards
But why should you join RSA? You ll be working with the brightest and the best, wherever you are in RSA. We give you the tools and training to grow and improve your skills Thanks to our size and scope, you can count on exciting international opportunities You meet the best and the brightest and build a huge valuable network We pay the top quartile salaries, offering upwards of 7 lpa to you Our Actuary Development Scheme is one of the best in the industry Unlike other high paying professions, with us you can balance work and life, Impress us with your performance and we ll impress you with AWARDS our rewards
But why should you join RSA? You ll be working with the brightest and the best, wherever you are in RSA. We give you the tools and training to grow and improve your skills Thanks to our size and scope, you can count on exciting international opportunities You meet the best and the brightest and build a huge valuable network We pay the top quartile salaries, offering upwards of 7 lpa to you Our Actuary Development Scheme is one of the best in the industry Unlike other high paying professions, with us you can balance work and life, Impress us with your performance and we ll impress you with our rewards
Your Alumni at RSA Batch of 2017 Onkar Ghorpade Civil Engineering Prajal Goyal Chemical Engineering Shaunak Thakar Engineering Physics Rohan Garg Chemical Engineering Tarique Anwar Engineering Physics
Next Steps APTITUDE TEST 9 th December, 2017 11 th December, 2017 You will be completing an online aptitude test. Results of the aptitude test will be declared on 10 th December. The exact time for the aptitude test will be communicated by your placement team ASSESSMENT CENTRE Selected candidates will be informed on 10 th December 2017 and an Assessment Centre will be conducted on your campus on 11 th December, 2017. Results will be announced on the same day. 2 nd JULY, 2018 START DATE
See you on 11 th!