Career Development Redefining the Journey Margaret Resce Milkint

Career Development: Redefining the Journey Margaret Resce Milkint Managing Partner The Jacobson Group

Trends and Shifts How is the industry changing?

Unemployment Rates 12 Insurance Carriers and Related Activities National 10 Percentage 8 6 4 2 0 7/2/1905 12: 00 AM 7/4/1905 12: 00 AM Source: Bureau of Labor Statistics 7/6/1905 12: 00 AM 7/8/1905 12: 00 AM 7/10/1905 12: 00 AM

Top Recruiting Challenges Technology Executives Actuarial Analytics Underwriting Product Management Claims Sales/Marketing Compliance January 2019 Operations January 2018 Accounting Underwriting-Reinsurers 0 2 Source: The Jacobson Group and Aon 2019 Q 1 Labor Market Study 4 6 8 10

Actuarial Employment In 2016, actuarial employment was projected to grow 22% by 2022. The current number of actuarial graduates outnumbers entry-level actuarial positions. Demand remains high for mid-career actuarial talent (8 -15 years). Source: Bureau of Labor Statistics

Insert Actuaries Here: Senior Management C-Suite and Board Climate Risk & Environmental Profit and Loss/Business Unit Leader Innovation/Strategy Transformation/Modernization All Industries/Global Source: Institute and Faculty of Actuaries

Industry Disruptors 1 Gig Economy 5 Insurtech 2 Artificial Intelligence 6 Internet of Things 3 Fluid Work Environments 7 Comprehensive Demographics 4 Creation of New Roles 8 Data Analytics

Diversity and Inclusion has become a priority for many organizations. Nearly 97% of companies have some sort of D&I strategy in place. Source: Mc. Kinsey & Company

Emergence of the Gig Economy The blended workforce is adding a new layer of diversity among employee groups.

Rise of Insurtech 2014: Overall Insurtech company investment was $500 M. 2018: Insurtech brought in $3. 2 B in revenue. Source: Fin. Tech Global

Actuarial Impact What are the top skills employers look for in their actuaries?

Human Skills Creativity Persuasion Collaboration Adaptability Time Management Critical Thinking Continuous Learning

“ Now is the time for authentic business leaders to step forward and lead in ways that business schools don't teach. “ Source: Forbes

Leading in Uncertainty The new workforce is becoming more complex. Leaders must deal with more ambiguity in their decision-making. Source: Forbes V Vision U Understanding C Courage A Adaptability

Communication Skills Develop strong presentation and written communication skills. Collaborate across business units. Learn to translate complex information. Be adaptable.

Entrepreneurial Skills Act like an entrepreneur. Learn from your experiences. Drive yourself to success.

Best Practices How can you successfully navigate the evolving insurance reality?

Embrace Networking Have your 30 -second introduction ready. Always have business cards ready for networking. Your intro should leave your contact with impactful “take-aways. ”

Invest in Personal Development Embrace continuing education. Attend insurance conferences. Seek out actuarialspecific training. Get involved with local networking groups.

Manage Your Brand Stay active and connected on social media. Participate in industry speaking opportunities. Author industry articles and thought leadership.

“ A mentor is someone who allows you to see the hope inside yourself. “ - Oprah Winfrey

Margaret’s Mentor Advice Be open to a mentor who does not look, act or think like you do. Share wisdom and lessons. Be brave and tell your personal stories.

Reach Out and Volunteer Find your nonprofessional interests. Join like-minded people in the industry. Participate regularly.

“ Each of us can be an innovator. You don’t have to be the next Steve Jobs or Elon Musk. You just have to be willing to flex your innovative muscle. “ - Claudine Modlin, FCAS Head of Strategic Planning and Competitive Intelligence Farmers Insurance

Questions? Thank You! Margaret Resce Milkint Managing Partner The Jacobson Group mmilkint@jacobsononline. com + 1 (312) 884 -0410 jcbsn. gr/Jacobson. LI @jacobsongroup @jacobsoncareers jacobsononline. com