New York Life: Financial Fitness for Life Speaker Event
Tuesday, March 18th
The Center for Insurance Studies has received strong support from both industry and CIS friends, which has enabled us to financially reward deserving students with a number of different scholarships.
The goal of the Center for Insurance Studies is to educate talented individuals seeking a career in insurance & financial services and to act as a bridge between university and industry. The programs and events offered are designed to help students reach their educational and professional goals.
Fall 2013 Scholarships:
click the Fall 2013 Scholarship -updated for details.
Interested in networking with some of the biggest companies in the insurance industry? Insurance Day, held each fall, gives you the inside scoop on what life in the insurance and financial services industry is really like! It is more than just a meet-and-greet!
Our fifth year will be bigger and more informative than ever as we seek to put you on the path to success in insurance, financial services, risk management, actuarial science, and more! Insurance Day will be held on:
Date: October 10, 2013
Location: Mihaylo Hall Courtyard
There are CEO Keynote Speaker, Host Symposiums, CFO Summit, and *14-15 spots for mock interviews with professionals from the insurance industry.
*first come, first served basis.
Take advantage of all-day advising sessions in the Mihaylo Hall courtyard and panel symposia offered by industry professionals. Talk to HR representatives from leading companies about opportunities in insurance, risk management, and financial services fields! Bring copies of your resume to advising sessions and to the symposia!
Craving for sweets? We provide cotton candy, ice cream, and pizza!
Come to Insurance Day 2013!
All funds generated from Insurance Day go right back into supporting the Center’s mission: scholarships, research grants, and graduate student assistantships.
We need student volunteers on Insurance Day! Check out this Student Volunteers i-Day Flyer.
The Center for Insurance Studies and The Sales Leadership Center presents:
“Build Your Career” Workshop, The U.S Insurance Industry
Did you know that Insurance business in the United States is a $1,8 Trillion business and employ approximately 5,894,400 people nationally?
The evening will feature presentations from industry executives followed by a panel discussion, and Questions and Answers session. Industry executives will address industry myths and negative connotations. Students will leave the workshop with a clear prospective on the industry, the type of jobs that exist, earning potentials and potential career paths.
The Center for Insurance Studies and The Sales Leadership Center invite you to an informative evening to learn more about this dynamic industry and the career opportunities that exist upon graduation.
The workshop will be held on Tuesday, September 24 2013 from 6:00 PM – 8:00 PM in Scott O’Brien Center SGMH — 3230. Foods and refreshments will be served.
For further information, download the Insurance Sales Leadership Flyer.
Jim Gutmann Speaker Series #37 presents:
Mark Ribisi is the President and CEO of Auto Insurance Specialists (AIS) LLC since January 2009. AIS is a retail insurance agency and part of the Mercury Insurance Group. Mark was the vice president/COO of AON Auto Insurance Specialists Inc in 2004 to 2008.
Mark has Bachelor of Science (BS) in Mathematics/ System Science from University of California, Los Angeles (UCLA).
Mark will present and share his experiences in insurance business and strategies in insurance world. He will discuss about how he can successfully drive value to customers. AIS is part of sales and marketing organization, Mark can give you answers about many reasons behind his success in insurance business.
For further information, check out the Jim Gutmann speaker series#37 flyer.
Jim Gutmann Speaker Series #36 presents:
Mr. Griggs was promoted to executive vice president and chief financial officer for Pacific Life in April 2012. As chief financial officer, he has responsibility for Pacific Life’s accounting, audit, tax, and treasury functions, and he also serves on Pacific Life’s management committee. Mr. Griggs is also chief executive officer of Pacific Select Distributors, Inc. (“PSD”). PSD is a member of the Financial Industry Regulatory Authority, and a registered broker/dealer with the Securities and Exchange Commission. In 2009, Mr. Griggs assumed responsibility for the oversight of the division’s two newly-formed departments: Institutional and Structured Products and Risk Management. In this capacity, he oversaw and was responsible for the development and presentation of financial results, business planning and risk management strategies. The Annuities & Mutual Funds Division changed its name to the Retirement Solutions Division in March 2010. Prior to joining Pacific Life, Mr. Griggs worked as a certified public accountant with Deloitte & Touche specializing in the insurance and financial services industry. Mr. Griggs received his Bachelor of Science in Business Economics from University of California, Santa Barbara.
For further information, check out the Jim Gutmann speaker series#36 flyer.
Jim Gutmann Speaker Series #35 presents:
Mr. Thomas P. Nerney is Chairman, President and Chief Executive Officer for USLI (United States Liability Insurance Group). Previously, Mr. Nerney was the President and Chief Operating Officer for Philadelphia Insurance Companies, which markets and underwrites specialty products nationwide. He was part of the senior management for 18 years before joining USLI in 1996.
Mr. Nerney earned a Master of Business Administration degree in Finance from The Haub School of Business at St. Joseph’s University in Philadelphia, Pa. Mr. Nerney earned the Chartered Property Casualty Underwriter (CPCU) designation from the American Institute of Property and Casualty Insurance in Malvern, Pa. and subsequently was presented the Franklin Award for outstanding achievement and contributions to the insurance industry by the Philadelphia Chapter of the CPCU Society in 2008. He continues to serve on the Board of Governors of the Academy of Risk Management and Insurance.
For further information, check out the Jim Gutmann speaker series#35 flyer.
Jim Gutmann Speaker Series #34 presents:
Douglas J. Borg, MHA, ARM, CPHRM, DFASHRM is the Director of Insurance for Duke
University Health System. In this position he has responsibility for the insurance management and loss control activities that support Duke’s captive-insured program. Prior
to taking on this responsibility, he was the Director of Risk Management for Duke University Medical Center for more than 12 years. He holds a BS in Biology from Eastern
Mennonite University, and earned his Masters in Health Administration from the Medical
College of Virginia (VCU) in 1991. He is also a Certified Professional in Healthcare
Borg has presented locally and nationally on various topics and contributed to several
publications, including a chapter in the recently published fifth edition of ASHRM’s
Risk Management Handbook. He was granted the prestigious “Distinguished Fellow”
designation, (DFASHRM) in 2007 by ASHRM. He has a history of leadership in the field
of healthcare risk management, serving in multiple roles and committees at both the
state and national level. He has been twice-elected president of the North Carolina
Chapter of ASHRM, and is the current President of the American Society for
Healthcare Risk Management
For further information, check out the Jim Gutmann speaker series#34 flyer.
Jim Gutmann Speaker Series #33 presents:
Dorothy Cociu, President of Advanced Benefit Consulting & Insurance Services.
Dorothy M. Cociu, RHU, REBC, GBA, RPA, has 26 years experience in employee benefit consulting and the sales and administration of employee benefit programs. She is a top compliance consultant on The Affordable Care Act (ObamaCare), ERISA, COBRA, HIPAA Privacy & Security HITECH and More. She is a leading industry ACA expert and trainer. She will be offering an informative presentation on what all Americans will be facing stating 2014 under the Affordable Care Act. On January 1, all Americans (legal residents) will be required to acquire health insurance. Hear what is in store for us; the good, the bad, the ugly and the reality!
The event will be held on Monday, September 23, 2013 from 6:00 – 7:00 PM in Scott O’Brien Center SGMH— 3230.
For further information, check out the Jim Gutmann Speaker Series #33 flyer.
Jim Gutmann Speaker Series #32 presents:
Al Bottalico , CFE, CPA, Deputy Commissioner — Financial Surveillance Branch, California Department of Insurance
Mr. Al Bottalico is the deputy commissioner, Financial Surveillance Branch for California Department of Insurance. Mr. Bottalico has been working in California Department of Insurance since 1987.
He received his Bachelor of Arts in Accounting from California State University, Fullerton. As a CSUF Alumni, Mr. Bottalico will be the professor of the day to discuss current topic in insurance and financial services. The discussion topic will be “Innovations in Insurance Solvency Regulation — Post Financial Crisis Era.” Mr. Bottalico will also share his 35 years of success in his career that will inspire students to pursue a successful career.
The event will be held on Monday, September 16, 2013 from 7:00 PM – 8:00 PM in SGMH—2307 (Corporate Risk Management and Insurance Seminar).
For further information, check out the Jim Gutmann Speaker Series #32 flyer.
The Center for Insurance Studies’ job placement page has new opportunities for those who are job/internship hunting.
Companies such as the Steven Wang Insurance Agency, Republic Indemnity, Professional Program Insurance Brokerage, and more are looking for new hires.
Resumes can be submitted online.
If any questions, contact Dr. Weili Lu at email@example.com or (657) 278-3679
Scott Rhodes, American International Group, Inc. (AIG) President for the Los Angeles Region was a guest speaker at the Jim Gutmann Speaker Series—sponsored by the Center for Insurance Studies—held on April 11th. Mr. Rhodes’ presentation, “How to Develop Resilient Leadership: Bring on Tomorrow,” discussed the financial crisis of 2008 and the impact it had on AIG. During the 2008 financial crisis, AIG went through many obstacles and was threatened in many ways to collapse. In order to guarantee AIG could continue to meet its financial commitments and avoid additional stress on the troubled global financial markets, the U.S. Government intervened to help AIG. By the end of 2008, the maximum support authorized by the U.S. Government to AIG reached $182.3 billion.
AIG faced leadership challenges during the crisis where they questioned how to increase the employees’ morale and educate their customers through various means of communications. “When you’re going through a crisis, you have two choices: run and find another job, or stay and learn ten times more,” Mr. Rhodes advised the audience. He explained that the latter option will be more effective since it will help the employees learn and grow from the experience. One method that AIG utilizes to solve problems is looking back on the company’s history and trying to find a similar experience.
According to Mr. Rhodes, this colossal insurance industry’s outlook appears to be positive. Since many employees will be retiring in 2013, replacement jobs are opening. AIG offers a wide range of internships to participants in various departments, such as: actuarial, claims, finance, investments, human resources, legal and compliance, operations and systems/ information technology, risk management, science, and underwriting.
The second annual actuary leadership forum held on Mar. 13 featured keynote speakers: Philip Borba, Ph.D. Principal Economics Consultant at Milliman, Inc.; John Xu, Ph.D., FCAS, MAAA VP Actuarial of AAA Northern California, Nevada, & Utah Insurance Exchange; and Doug Robbins, FSA, MAAA Assistant Vice President of Pacific Life Insurance Company.
Dr. Philip Borba discussed the unscientific sampling of current economic issues affecting the U.S. property-casualty insurance industries. He presented five economics-related issues that have received recent media attention and that influence the property-casual insurance industry: the Global Innovation Index, the Great Recession, the Great Depression, and recent recessions; income inequality, a Federal Reserve study on consumer spending, and the world happiness report. According to Dr. Borba, we are 4% below the unemployment rate back before the recession started. He concluded his presentation with the world happiness report. “At a point in time within any society, richer people are on average happier than poorer people,” said Dr. Borba. “But over time within many societies, the population does not on average become happier when the country’s income rises.”
The following presentation covered by Doug Robbins focused on the design of interest rate driven annuity products. Mr. Robbins identified some ideas to get one interested in a Fixed Annuity when rates are low and expected to rise: sell the value of a Book Value guarantee but can be tricky to sell the client on the value of an option that involves a penalty, indexed annuities tied to the S&P 500, and SPIA which is actually a low interest rate environment that places the highest relative value on the value of the mortality gains within it. “People are finally starting to realize that insurance companies are selling a product that will help them for life,” said Mr. Robbins.
The final speaker, Dr. John Xu discussed the impact of current economic conditions on property and casualty insurance actuaries. Dr. Xu’s presentation was on the business focus of AAA NCNU Insurance Exchange, the impact of economic conditions on P&C Business and on P&C actuaries, and the major roles for P&C actuaries at AAA. There are challenges facing P&C Actuaries including the continuation of education, data capability, collaboration, and ability to “think enterprise”. On a better note, Dr. Xu said that “companies are increasing their demand for actuarial talents and the boundary between actuarial profession and business analytics is disappearing.” Major roles that P&C Actuaries play at AAA are pricing, reserving and monthly booking, capital allocation, enterprise risk management, financial planning, data management and IT support, including many more.
Students who attended the event had the opportunity to ask the speakers career-related inquiries.