Pros
Opportunity to start working in the reinsurance sector. Possibility to develop skills (mostly via self-development for those who want to learn fast) in different fields: reinsurance treaties, market, actuaries, catastrophe modelling.
Cons
- In practice, data monkey. Few insight of the model, very dull and repetitive tasks. - Modelling is less glamorous than it sounds as it essentially means preparing data in excel, importing and exporting and often re-running analyses. - Opportunistic way of modelling to please brokers and clients. - Heavy workload and work hours. - Pressure from brokers can have a very negative impact on work. - Very few respect for people with no title. - Very low salaries for beginners and rare career opportunities for them.