Whenever I feel discontent with my job I dream of starting my own company. Probably unrealistic for multiple reasons, but the thing I get hung up on currently is what would I actually do? I’m a credentialed health actuary with almost 10 years of carrier experience (no consulting experience). I’m not in love with health insurance, it’s just the first job I could find.
I can think of two self employed actuaries where I thought “I could do that!” The first was a guy who just checked company’s year end reserves. He contracted with one of the big 4 firms. I would just send him my data and what I set reserves at, and he would put it in his own models and say “yep, seems reasonable.” He was older though, and semi-retired. The second is a guy who just valuated pensions for divorced people. He worked strictly with the lawyers, never had to talk to the people getting divorced.
So, how do you get started with self employment as an actuary? In my dream world, I find someone close to retirement who has a nice little business built up, start working for/with them, then buy them out when they retire. Then I become independently wealthy of course.
Pretty sure I started a similar thread on the AO, but all of that wisdom is gone now.