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Connecticut Insurance & Financial Services Cluster Launches 4th Annual Actuarial Boot Camp

Jul 10, 2012

Hartford, Conn. (July  11, 2012) – The Connecticut Insurance & Financial Services Cluster (Connecticut IFS Cluster), an initiative that fosters cooperation and collaboration between business, academia and state government to support economic and workforce development, launched its 4th Annual Actuarial Boot Camp this week in Hartford, Conn.

Actuarial Boot Camp is an intensive and interactive one-week camp that provides students the opportunity to learn about the actuarial profession straight from the mouths of over twenty local actuaries and professionals.  The Camp features courses on effective negotiation skills, assessment and risk, case studies and ethics, as well as career guidance and opportunities to interact with local practicing actuaries.  The students are also immersed in Probability Theory in order to prep for their first actuarial exam through the Society of Actuaries.   Prudential Retirement, this year’s host company, provides the meeting space for the Camp and will also pay each student’s fees if they so elect to take the exam.   A separate job shadow day at Prudential Retirement is also planned.  Among the additional companies lending their expertise to this year’s Actuarial Boot Camp, are: United Healthcare, The Phoenix Companies, The Hartford, Travelers, Aetna, Lincoln Financial, PwC, KPMG, Axiom and CIGNA. 

“Connecticut has the highest concentration of actuaries per capita among U.S. metro markets,” said Susan Winkler, Executive Director, Connecticut IFS Cluster. “In an effort to grow our own actuaries, we developed the Actuarial Boot Camp to expose students to the profession and to build awareness on the many job opportunities for actuaries in the Hartford region.  The program, in turn, provides employers with a qualified hiring pool of local intern candidates who have already been expressed interest in becoming actuaries.”

The Connecticut IFS Cluster received an overwhelming response for this year’s Actuarial Boot Camp program, with a record-setting 41 applicants.  In response to this demand, the program’s capacity was increased the program from 15 to 24 students.   The 2012 Actuarial Boot Camp class includes 8 rising seniors and 16 soon-to-be college freshman, all of whom had strong SAT math scores and performed well in high school calculus. 

For more information on the Connecticut IFS Cluster and Actuarial Boot Camp, visit www.ConnecticutIFS.com.

About Connecticut IFS Cluster:
The Connecticut Insurance and Financial Services [IFS] Cluster, formed in 2002, is a strategic corporate initiative designed to create a stronger IFS industry and a more robust economy in Connecticut.  Leaders from business, state government and academia collaborate to foster growth among all of the industry’s segments.  The Connecticut IFS Cluster is comprised of 30 corporate sponsors whose shared vision is to create competitive advantages in business attraction and retention, to assist with recruitment and education of a trained workforce, and to increase public awareness through advocacy.  For more information, visit: www.ConnecticutIFS.com.

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