Being an actuary, you can be employed in various fields.
Life Insurance Companies
General Insurance Companies
KPO Companies (Knowledge Process Outsourcing)
Consulting companies
Investment Companies
Pension and Benefits Companies
Health Insurance Companies
Reinsurance Companies
In India, Life Insurance, KPO and Consulting companies provide large portion of the actuarial demand. Further, General Insurance sector after de-tariffing promises to provide very lucrative job profile in near future.
Pension and Benefits field is also likely to benefit given the reforms that are taking place in Pension and related areas. It is heard that Banking and Financial Companies are also now hiring actuaries for analyzing risks.
Health insurance actuaries are also in great demand, given that in India the scope of Medical Insurance is tremendous and lot of companies around the world want to enter India as soon as possible. Demand for health actuaries are bound to increase.
I don't know for sure, but talking with various industry experts, there is a feeling that work of General insurance or Health actuary involves more subjective decision. Due to this fact the responsibility of their decision is high and thus they are paid more than a life or pension actuary all around the world. Although in India General insurance or Health insurance companies are not paying as industry standard across world but it is likely to change soon.
List of Life insurers in India
Bajaj Allianz Life Insurance Company
Birla Sun Life Insurance Company
HDFC Standard Life Insurance Company
ICICI Prudential Life Insurance
ING Vysya Life Insurance Company
Life Insurance Corporation of India
Max New York Life Insurance Company
Met Life India Insurance Company
Kotak Mahindra Old Mutual Life Insurance
SBI Life Insurance Company
TATA AIG Life Insurance Company
Reliance Life Insurance Company
Aviva Life Insurance Company
Sahara India Life Insurance Company
Shriram Life Insurance Company
Bharti Axa Life Insurance Company
Future Generali India Life Insurance Company
IDBI Fortis Life Insurance Company
Canara HSBC Oriental Bank of Commerce Life Insurance Company
Aegon Religare Life Insurance Company
DLF Pramerica Life Insurance Company
List of Non-Life insurers in India
Bajaj Allianz General Insurance Company
ICICI Lombard General Insurance Company
IFFCO Tokio General Insurance Company
National Insurance Company
The New India Assurance Company
The Oriental Insurance Company
Reliance General Insurance Company
Royal Sundaram Alliance Insurance Company
Tata AIG General Insurance Company
United India Insurance Company
Cholamandalam MS General Insurance Company
HDFC ERGO General Insurance Company
Export Credit Guarantee Corporation of India
Agriculture Insurance Company of India
Star Health and Allied Insurance Company
Apollo DKV Insurance Company
Future Generali India Insurance Company
Universal Sompo General Insurance Company
Shriram General Insurance Company
Bharti AXA General Insurance Company
Raheja QBE General Insurance Company ( Prospective)
List is taken from site of IRDA.
No comments:
Post a Comment