Cigna and SOA

Cigna and SOA (Society of Actuaries) work in tandem to ensure the very best actuaries receive appropriate positions within the Cigna organization.

Actuary Training

An actuary is a highly trained professional statistician who calculates risks and premiums for insurance companies. These individuals are constantly honing their skills though continued education. Cigna is a leading employer of actuaries in addition to offering the Actuarial Executive Development Program. This program grooms actuaries for leadership positions within the Cigna organization. Program candidates are not required to already have extensive professional experience as an actuary, but an ideal candidate will have these qualifications:

• The candidate should have a degree in a related field, such as mathematics or statistics.
• The candidate should have an above average grade point average.
• The candidate should have either competed some of the certification requirements for Fellow of the Society of Actuaries (FSA) certification, or currently be working toward completion.
• The candidate should have excellent analytical skills in addition to the ability to work well with other people.

There are other desired traits which Cigna looks for in a potential candidate before accepting the candidate into the program. Cigna and SOA search for the best and brightest candidates with tremendous potential to become successful actuaries.

Applicants who successfully complete the AEDP program can expect to graduate highly prepared to take on an actuarial position within the Cigna organization. The AEDP program is an ongoing course, with current Cigna employees still involved in training and education after completing the initial course.

Society of Actuaries

The Society of Actuaries (SOA) is a professional organization for actuaries spanning the globe. The SOA represents actuaries as a community and assists members with finding continued training. The SOA also sets a standard for ethics and conduct for actuaries within the association. Members of the SOA are expected to adhere to the code of conduct outlined by the organization.

The SOA hosts various events and conferences for members to allow them to review the many rules and regulations associated with actuarial science. These events also give actuaries the opportunity to network with other actuaries. For information regarding SOA events, visit the SOA website.

The SOA is a fantastic resource for current actuaries and people who are considering a career in actuarial science.

Cigna

Cigna provides health insurance plan benefits to companies and individuals. The actuaries of Cigna use mathematical and statistical methods to estimate the risk involved with insuring groups and employees. Actuaries who are looking for a job within the Cigna organization can visit the Cigna Career Center and review the available careers and training opportunities available.

Cigna offers summer internship programs for actuaries that include an attractive salary and living accommodations. More information regarding the Cigna summer internship program for actuaries can be found online or by contacting Cigna directly and requesting an application. A summer internship with Cigna is a fantastic way to gain valuable experience in the actuarial profession.

Cigna and SOA: Working Together

Cigna refers prospective actuaries to the SOA to find out more about the profession and available training programs. Almost all actuaries are members of either the SOA or the Casualty Actuary Society (CAS). Which organization an actuary belongs to depends largely on what type of actuarial work he or she is involved in.

Individuals who are considering the idea of pursuing a career as an actuary can find out more information about the profession, the educational requirements, and the various other requirements by logging on to the website cosponsored by the SOA and the CAS. Professionals entering the actuarial field have a high earning potential because it is a specialized field with a large demand. Insurance companies like Cigna are constantly recruiting new actuaries, and an experienced actuary may actually find recruiters from other companies attempting to woo them away from their current employer.

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