Future actuaries from UST get to know PIRA
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The future actuaries of the country now studying at the University of Santo Tomas (UST) got a sneak preview of the non-life insurance industry when the Philippine Insurers and Reinsurers Association (PIRA) Campus Tour visited the Manila-based school recently.
Almost 200 students majoring in Actuarial Science trooped to the PIRA Campus Tour to listen to two experts from the industry as they presented career prospects and growth opportunities in non-life insurance.
Armand Pesigan, Senior Vice President of Pioneer Insurance, spoke about how actuarial science majors can actually "create their future" by choosing a career in insurance.
He talked about the importance of non-life insurance and the role it plays in the global and local economy and stressed the need for people who are good at science and math.
The second speaker, Januario Aliwalas, the Executive Director of the Insurance Institute for Asia and the Pacific (IIAP), discussed the SUITS Program and invited the students to join.
SUITS stands for Select Universities Insurance Training Scholarship. It is a two-month intensive management training course that the IIAP offers for free to qualified applicants. Those who go through this course are sought after by insurance companies and immediately hired for managerial positions.
Pesigan and Aliwalas stressed that they never planned to work in the insurance industry and discovered their careers by accident.
Incidentally, the two are both UST graduates. Pesigan finished BS Behavioral Science with Aliwalas finished BS Mathematics, Summa Cum Laude.
The future actuaries from UST got all excited at the prospects presented by Pesigan and Aliwalas that more than 20 of them already signified intention to join the SUITS Program.
They also visited the PIRA Job Fair held at the campus and participated in by ALC Group of Companies, Alliedbankers Insurance Corp, Investors Assurance Corp., Malayan Insurance Co., Inc., PNB General Insurers Co., Inc., Standard Insurance Co., Inc. and UCPB General Insurance Co., Inc..
The next legs of the PIRA Campus Tour will be at the University of the Philippines and San Beda College. The schedule is now being finalized.