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Hartford Life Hartford Actuarial Advancement and Rotational Training HAART Program

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1 Seller of Variable Universal Life Insurance (Tillinghast, 2003) ... Individual Life Insurance, Continued ... general agents; and life insurance professionals ... – PowerPoint PPT presentation

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Title: Hartford Life Hartford Actuarial Advancement and Rotational Training HAART Program


1
Hartford LifeHartford Actuarial Advancement and
Rotational Training (HAART) Program
  • Georgia State University
  • 11/08/2004

2
Introductions
  • Junyu Cathy Li
  • Actuarial Analyst
  • Phone 860-843-4124
  • Fax 860-843-9492
  • Cathy.li_at_hartfordlife.com
  • Mailing Address
  • Hartford Life
  • P.O. Box 2999
  • Hartford, CT 06104-2999
  • (Attn. Jill Placko)
  • E-Mail Address jill.placko_at_hartfordlife.com
  • Phone Call
  • Jill Placko (860) 843-1905

3
Hartford Life
  • Highlights
  • - 1 Seller of Variable Annuities for Last 11
    Years (VARDS, 2003)
  • - 1 Seller of Variable Universal Life Insurance
    (Tillinghast, 2003)
  • - 1 in Variable Annuity Assets and Sales in
    Japan (Hoken Mainichi Shimbun, 2003)
  • - 2 in Group Disability Sales (LIMRA
    International, 2003)
  • - 2 in Terminal Funding Sales - (LIMRA
    International, 2003)
  • - 3 in Structured Settlement Sales (LIMRA
    International, 2003)

4
Hartford Life
  • Highlights Continued
  • - The Hartford Mutual Funds reached 20 Billion
    in assets faster than any other retail-oriented
    fund family in history (Strategic Insight, 2003)
  • - In just its third full year of operation,
    Hartford Life Insurance K.K. of Japan had
    positive earnings as assets increased more than
    threefold in 2003. Currently 11 billion in
    assets under management (09/30/2004)
  • - One of Fortunes Most Admired Companies
  • - Hartford is among the top five U.S. insurers
    in most of its businesses and is the market
    leader in annuities (Morgan Stanley, August 2003)

5
Positioned For The Future
  • Demographic Trends (e.g., aging baby boomers)
    favor continued growth of our key business
    segments
  • Were a market leader with
  • a powerful brand name
  • an excellent balance sheet
  • strong financial results
  • And we have a reputation of staying one step
    ahead of the competition with innovative products
    and services
  • We boast one of the finest management teams in
    the financial services industry

6
Products
  • Investment Products
  • Annuities
  • Fixed, variable, structured settlement and
    reverse mortgage
  • Distributed by registered representatives
    affiliated with independent broker-dealers, large
    brokerage houses and banks
  • Mutual Funds
  • Thirty-nine mutual funds
  • Striving to be a top 5 player in the Mutual Fund
    Industry

7
Products
  • Investment Products, Continued
  • Retirement Products
  • Employer-based retirement plans, such as defined
    contribution (401(k)) plans for corporations and
    deferred compensation (457) plans for government
    entities
  • Individual Life Insurance
  • Single Life, Last Survivor Variable Universal
    Life, Universal Life and Term Life

8
Products
  • Individual Life Insurance, Continued
  • Distributed through registered representatives
    affiliated with independent broker/dealers and
    wirehouses Woodbury Financial Services
    independent general agents and life insurance
    professionals
  • Estate planning, wealth accumulation, wealth
    transfer, income/death benefit protection
    business insurance needs

9
Products
  • Group Benefits
  • - Group long-term and short-term disability
    life accident senior medical and stop loss
    insurance
  • - Distributed through brokers, consultants and
    third-party administrators

10
Products
  • Group Benefits, Continued
  • Managed Disability Focus
  • Rehabilitation Services
  • Back to work programs
  • Focus on Abilities
  • Breakaway
  • Team Hartford
  • Wilderness Inquiry

11
Products
  • International Operations
  • - Joint venture in Brazil Stand alone operations
    in Japan and UK (2005 launch)
  • - Primarily asset accumulation products fixed
    and variable annuities. Also life insurance,
    pensions and disability insurance

12
Headquarters in Simsbury, CT
  • Beautiful location at the base of Talcott
    Mountain
  • Distances from Simsbury
  • Hartford - 15 miles (25 minutes)
  • Boston - 115 miles (2 hours)
  • New York City - 130 miles (2.5 hours)
  • Two four-story glass atriums provide spectacular
    views
  • Free Parking, Full service cafeteria
  • Employee Store, Fitness Center, and Medical
    Facility

13
Company Culture
  • Opportunistic, innovative, energetic
  • Manage company as a series of micro-enterprises -
    This creates accountability and ownership
  • We set high standards seek people who
    demonstrate
  • Initiative
  • Ownership
  • Independent thinking
  • Commitment

14
Our Vision
  • To be the premier provider of retirement savings,
    wealth creation, and financial protection
    solutions
  • Holds tremendous weight
  • Guides our actions
  • Vision Week and In Touch - Opportunities to
    nurture the spirit of Hartford Life

15
Our Vision, Continued
  • Winning Spirit
  • Customer Focus
  • Financial Discipline
  • Integrity
  • Teamwork

16
Actuarial Program
  • Objective is to prepare talented people for
    business leadership
  • Focus not only on technical competence, but on
    ability to partner in driving the business
  • Emphasis on responsibility and flexibility

17
Skills Needed
  • Strong business skills
  • Strong mathematical aptitude
  • Strong technical skills
  • Excellent communication and interpersonal skills
  • Leadership potential
  • Creativity, drive and commitment

18
Actuarial Rotation Program
  • Rotations through series of assignments
  • Assignments managed through posting process -
    open to all program participants
  • Assignments comprise not only traditional roles
    such as product pricing and financial reporting,
    but non-traditional roles as well
  • Product development, marketing, budget management
    and investments

19
Actuarial Student Program
  • Study Time - 130 hours per sitting
  • Books, study notes, exam fees
  • Exam preparation classes
  • Development classes
  • Discussion forums
  • Comprised of 40-45 students

20
Summer Internship Program
  • Job experience
  • Mentor Program
  • Weekly Speaker Series
  • Shadowing Program
  • Networking Lunches
  • Development Classes

21
Summer Internship, Continued
  • Networking events
  • Executive Breakfast
  • Golf Scramble
  • Whirlyball
  • Trips to local areas of interest
  • Subsidized housing available nearby

22
Hiring Needs
  • 8-10 full-time positions
  • 8-10 summer interns

23
Topics of Interest
  • What does an actuary do at your company?
  • What support does Hartford Life give actuarial
    students?
  • How difficult is it to take exams while working?
  • Do you have an intern/Co-op program?
  • As a new student/intern, what type of work would
    I do?
  • What qualifications do you look for when hiring?
  • What advice would you give to aspiring actuaries?
  • Why did you choose Hartford Life?
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