Unum Group is a leading provider of financial protection benefits in the United States, United Kingdom, and Poland. Headquartered in Chattanooga, Tennessee, Unum offers a wide range of insurance products, including disability, life, accident, critical illness, and dental insurance. With a strong commitment to helping people gain access to valuable benefits, Unum supports millions of workers and their families with financial protection and peace of mind.

Services and Solutions

Unum Group offers a comprehensive suite of insurance products and services designed to meet the diverse needs of its clients. Key service areas include:

1. Disability Insurance: Unum is a market leader in disability insurance, providing short-term and long-term disability coverage that helps replace a portion of income when employees are unable to work due to illness or injury.
2. Life Insurance: The company offers various life insurance products, including term life, whole life, and universal life insurance, to provide financial security for policyholders and their beneficiaries.
3. Accident Insurance: Unum provides accident insurance that offers financial protection for unexpected injuries, covering medical expenses and other costs associated with accidental injuries.
4. Critical Illness Insurance: The company offers critical illness insurance to help cover the costs of serious illnesses, such as cancer, heart attack, and stroke, providing a lump-sum benefit upon diagnosis.
5. Dental Insurance: Unum provides comprehensive dental insurance plans that cover preventive, basic, and major dental services, helping employees maintain their oral health.

Actuarial Opportunities

Unum Group offers a range of opportunities for actuaries, particularly within its insurance product development and financial planning divisions. Actuaries at Unum play a critical role in product pricing, risk assessment, and financial forecasting. Key areas where actuaries contribute include:

• Product Pricing: Developing and implementing pricing strategies for various insurance products to ensure competitiveness and financial sustainability.
• Risk Management: Analyzing and managing the risks associated with insurance products to maintain the company's financial strength and stability.
• Data Analysis: Utilizing advanced data analytics to predict trends, improve decision-making, and enhance product offerings.
• Financial Forecasting: Creating financial models to project future costs, revenues, and profitability for insurance products.
• Regulatory Compliance: Ensuring that insurance products comply with state and federal regulations.

Employee Benefits and Compensation

Unum Group is committed to attracting and retaining top actuarial talent by offering competitive compensation and a comprehensive benefits package. Key benefits include:

• Health and Wellness: Unum provides comprehensive health insurance plans, including medical, dental, and vision coverage. The company also offers wellness programs and resources to support employee health and well-being.
• Retirement and Savings: Employees have access to retirement savings plans, including a 401(k) plan with company match and pension plans where applicable, to help secure their financial future.
• Work-Life Balance: Unum supports flexible work arrangements, including remote work options and flexible scheduling, to help employees achieve a healthy work-life balance.
• Professional Development: The company invests in employee growth through various learning and development programs, including tuition assistance, leadership training, and career advancement opportunities.
• Paid Time Off: Generous paid time off policies, including vacation, holidays, and personal leave, are provided to ensure employees can recharge and maintain a healthy work-life balance.

Business Divisions

Unum Group operates through several key business divisions, each specializing in different areas of financial protection and insurance services:

• Unum US: Focuses on providing a wide range of financial protection benefits, including disability, life, accident, and critical illness insurance.
• Unum UK: Offers similar financial protection benefits in the United Kingdom, tailored to meet the needs of the local market.
• Colonial Life: Provides voluntary benefits and insurance solutions to employers and employees, including life, disability, accident, and critical illness insurance.
• Starmount Life Insurance: Specializes in dental and vision insurance products, enhancing the overall benefits portfolio offered by Unum.

Summary

Unum Group is a leader in providing financial protection benefits, dedicated to helping individuals and families gain access to valuable insurance coverage. With a strong presence in the United States and beyond, Unum offers comprehensive insurance products and a supportive work environment, making it an attractive employer for actuaries and other insurance professionals. Actuarial professionals looking for opportunities at Unum Group can expect to find a dynamic workplace that values innovation, professional development, and employee well-being.

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