Coming Tuesday we will be hosting a Guest Lecture by Ruud Kleynen, Founder and CEO of Kleynen Consultants and Hi there. Hi there has strategic partnerships with McKinsey and IBM and is one of the nine companies in Microsoft's ScaleUp program. Additionally, Ruud has been a part-time professor at our faculty for 12 years from 2000 to 2012. And here’s what he’ll talk about next Tuesday:
“In my presentation, I will bridge the gap between what you learn here at the university and what its application can look like in practice. I will discuss non-life, life, and pensions, but also related areas such as banking and health. In the latter case, for example, machine learning and big data is a wonderful challenge.
Central to my story will be software engineering and the use of the Cloud. Due to the Cloud, the actuary's field of activity is changing enormously. While much attention has been paid to making calculations and providing financial reporting, the arrival of the Cloud has opened up a whole new area. Due to the computing capacity that Cloud offers, you as a student can build systems that insurers, pension funds, and banks are jealous of.
I'm going to take you through the world of RFPs, private equity, the big software houses, McKinsey, and the relationship between them with our company. That link lies with the IT system we developed, which almost completely automates insurers and pension funds. We named this system HiThere and it was built by a core group of seven actuaries/econometricians, all from UM.
With that system, we have been ranked among the best 50 InsurTechs in the world! But that system also means that standard actuarial work is almost completely automated. There is therefore no future in making actuarial calculations anymore.”
Possibilities after your study
If you want to become a fully equipped actuary, you could consider following the postgraduate course provided by the Actuarial Institute. This training gives the protected title AAG and makes it possible to join the Actuarial Association.
As for your career opportunities, they are huge. Besides pension funds, insurers, asset managers, banks and consultancy companies, the whole world is open to you. The financial industry is holesly looking for people with beta backgrounds. Big data, machine learning, Merges & Acquisitions are some examples of such areas that lie outside the standard area.
To hear all about what Ruud has to say, join us coming Tuesday, February 22, at 18:00 via the button below! After the talk, we will enjoy some drinks at the Preuv :)