How does this role benefit the work of the organization and the profession?
Being open to creativity and willing to innovate upon existing processes is critical to adapting to the ever-changing demands of the market and often facilitates substantial opportunities for growth. The purpose of this study is to identify how actuaries across the insurance industry are fostering innovation and to build an understanding of actuaries’ biggest successes and obstacles related to innovation. The insights gained from this study will be shared with the Society of Actuaries and with actuaries across the industry. The goal of sharing this information will be to help actuaries understand how they can better foster innovation in their organizations.
Responsibilities & Duties
You will be asked to participate in either one focus group interview or one one-on-one in-depth-interview. You will be asked questions related to your experiences with innovation, as well as your views on how innovation can best be fostered in other actuaries. Focus groups and interviews will be conducted using video conference software (i.e., Zoom, Teams) which will be recorded for analysis. Participants will remain anonymous in all data reporting.
Time Commitment
4 or fewer hours
Most time will be spent answering questions on the topic of innovation, your experiences with innovation in the actuarial sciences, and how it can best be fostered in other actuaries.
Examples of questions are below.
- Is there a skillset(s) that lends itself to innovation?
- Where do people get these skills?
- How are these skillsets fostered?
- Can you describe any incentives in your company for being innovative? (Awards, promotion, etc.)
- How important are customer needs (internal/external) in the innovation process? Customer feedback? Perceptions and preferences? Consumer research?
- Is innovation a centralized function within your organization? Or is it expected of all actuaries within the organization?
- What has been your biggest success related to innovation?
- What has been your biggest obstacle in terms of innovating?
- Are there any approaches you would take to fostering innovation in other actuaries?
- In your experience, is innovation better developed individually or collaboratively?
Experience Required
Open to Members, Non-Members, and Candidates
- Applicants are required to have at least 5 years of experience in the actuarial field.
Opportunity Location
U.S. Only
Travel Required
None
SOA Training Required
None
PAOP
Not Applicable
Additional Specializations
Open to all specializations