Claire Booth

I have a degree in economics from Durham University and grew up near Manchester.

I came to Milliman after having graduated from university. I took a gap year between finishing university and starting at Milliman, doing some part-time work and then traveling around Australia and Southeast Asia.

Q: How did you end up in London?

I wanted to move to a bigger city, for the opportunities and diversity, and also just for a change of scenery. As there are plenty of actuarial jobs here, London worked well.

Q: What do you like to do away from the office?

I like running, traveling, and anything art-related—painting and visiting galleries. I like painting and drawing buildings and urban landscapes as I am interested in architecture. A favourite gallery would be hard to pick, but I think in London it would probably have to be the Tate Britain or maybe the Portrait Gallery.

Q: When did you decide you wanted to be an actuary?

I decided I wanted to be an actuary when considering my options at university. I was initially drawn to being an actuary because I liked the idea of being able to calculate the probability of future events and obtain answers to financial problems from this.

Q: How has Milliman helped you in your endeavours? What kind of support have you received?

Milliman has greatly helped in terms of exam support, which has been an important factor in aiding me to be successful in taking the actuarial exams so far. For example, we usually have one study day a week, and Milliman pays for all the necessary study materials as well as tutorials if you find them helpful.

Milliman also has an annual appraisal system to help you track your progress, and graduates have a coach assigned to them, which is brilliant in terms of having a ‘go-to’ person to discuss your exam progress with.

Q: What are you working on now?

My work ranges from more traditional actuarial work such as statutory valuation work to areas such as causal modelling of a company’s risk.

I’m currently working on a project where we are modelling a client’s operational risk, which is interesting in terms of getting an overall view of the company’s risks and the way in which these risks interact. Because the types of losses which could be experienced are large and infrequent, it is fairly challenging to model, especially given the lack of data available on such events.

Q: Do you often have to work in teams? What is that like?

Yes, I often work in teams. Milliman’s structure is quite unique in that you will often be working in a number of teams on different projects, so you are exposed to new ways of working all the time. You also, therefore, get an opportunity to develop the way you manage your work and learn a lot about the ways in which different people work.

Q: Why did you decide to come to Milliman?

I decided to come to Milliman because I was attracted to the fact that it was small in size yet part of a global organisation. The small and friendly environment means you get the chance to work with colleagues at all levels, enabling you to make a real contribution and learn valuable skills from others. I was also impressed by the high level of expertise at Milliman.

Q: What do you like most about Milliman?

I like the fact that you can get involved in a variety of projects within different types of work—this means that there is always something new to learn and you are able to get a good range of experience to develop your knowledge when starting out.

Q: What advice would you give someone starting out at Milliman?

I would advise someone starting out at Milliman to always ask a lot of questions—it’s the best way to learn and shows you are engaged and interested in your work.