What an actuarial secondment can bring to a team
Steven Fisher reflects on his eight-month reserving secondment with a London Market client and the value of working as part of an insurer's team.
I've recently returned to the Marcuson home base after eight months on a reserving secondment with a London Market client. The experience reminded me that a successful secondment is about more than providing extra capacity.
Working within a client's actuarial team gives you time to understand its processes, priorities and challenges. In reserving, that context is particularly valuable when making judgements, explaining results and maintaining continuity between reporting cycles.
Secondments also offer flexibility. Whether a team needs support during a busy period, cover for an absence or expertise for a particular project, being embedded allows you to adapt to what is needed and build effective working relationships.
For me, the experience has been valuable in both directions. I've been able to contribute to the client's work while gaining a closer understanding of the practical pressures insurers face. That's a perspective I'll bring back to my consulting work at Marcuson.
Ultimately, good actuarial support depends not only on technical expertise, but also on listening, understanding the business and working well with the people around you.
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