5 major reasons to be an actuary at MAPFRE

Actuaries are professionals who study, formulate, and apply mathematical models to obtain information for forecasting and decision-making in economic and social fields where risks are present. In other words, they assess and manage risks in order to deal with them appropriately. Although they have traditionally been in great demand in the insurance, banking, and consultancy industries, the digital era and the explosion of big data (which has changed the way companies relate to their customers), have made actuaries essential in all types of organizations and sectors.

At MAPFRE, the team of professionals that make up the global actuarial departments plays a key role in the Group’s transformation process. They work to achieve more efficient operations and higher quality in the provision of services, as well as to rigorously manage the insurance risk that forms the backbone of the company’s activity while always keeping the focus on the customer, the profitability of the business, and sustainability.

In this context, actuarial teams support MAPFRE’s commitment to innovation for a more agile, modern, and profitable company with an eye to updating and transforming actuarial processes. And all this in a global insurance company with an outstanding position in the markets where it operates, with close to 32 million customers, 32,000 employees, 5,000 offices, and 77,500 intermediaries on the five continents. Undoubtedly, a world of opportunities for any professional and for actuaries in particular.

3. TRAINING AND RECOGNITION

• Use of sophisticated algorithms and artificial intelligence techniques applied to the actuarial field.
• Of all insurance companies in Spain, MAPFRE has the highest number of continuing professional development accreditations awarded by the Institute of Spanish Actuaries (67 certified actuaries at MAPFRE).
• European insurance company with the largest number of attendees at the last European Congress of Actuaries, with 20 attendees from different countries.
• The Actuarial School of the MAPFRE Corporate University offers a wide range of online training resources.
• Monthly webinars with actuarial content and a clear practical focus.
• MAPFRE Actuary of the Year, an initiative that rewards excellence in actuarial work in terms of innovation, sustainability, and commitment to MAPFRE’s values.

Award for best MAPFRE actuary of the year

In 2019, MAPFRE launched the MAPFRE Actuary of the Year initiative with the aim of recognizing the excellence and exceptional performance of the company’s actuaries, assessing the level of actuarial innovation, the transformation of actuarial processes, the economic impact, as well as the degree of commitment to MAPFRE’s values. These are the three winners to date.