While a blanket of economic uncertainly has shrouded most of the Western world during the past year or so, the Actuarial/risk market in Asia remains strong and continues to develop and evolve at fast pace. Consequently, it is an exciting time to be an actuary in Asia and we are experiencing a significant increase in the demand for actuaries across the region.
There have always been a significant number of roles on the Life side in Asia and the trend recently has been toward more developed and advanced techniques that more closely mirror positions and opportunities in theUS. With regard to P&C, the market here remains in its early stages. However, many insurers, brokers and consulting firms have set up offices in major Asian cities to help meet the demand for P&C/risk business.
What is perhaps most exciting about the Asian market is its continued ability to grow and develop. While we do see many roles requiring longer working hours than the United States for example, the opportunities are becoming more streamlined and are ultimately producing strong, internationally focused candidates who have the ability to work in many arenas.