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Cigna

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Company Website
Company Details
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Number of Emploees
70000
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Headquarters
Bloomfield, CT
Estimated Number of Actuaries
317
Glassdoor Ratings
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Recommend to a Friend
68%
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Overall Score
3.7 / 5

Cigna Corporation is a global health service company dedicated to improving the health, well-being, and peace of mind of those it serves. Headquartered in Bloomfield, Connecticut, Cigna provides health care and related benefits through a variety of insurance products and services. With a focus on delivering affordable, predictable, and simple health care, Cigna serves millions of customers worldwide, including individuals, employers, and government agencies.

Services and Solutions

Cigna provides a comprehensive suite of health care products and services designed to meet the diverse needs of its clients. Key service areas include:

  1. Health Insurance: Cigna offers a range of health insurance plans, including individual and family plans, employer-sponsored plans, and government-sponsored plans such as Medicare and Medicaid. These plans provide comprehensive coverage for preventive care, hospitalization, prescription drugs, and more.
  2. Dental and Vision Insurance: The company provides dental and vision insurance plans, covering preventive care, basic and major services, orthodontics, and vision correction services. These plans help individuals and families maintain their oral and visual health.
  3. Pharmacy Services: Cigna offers pharmacy benefit management (PBM) services, ensuring access to necessary medications while managing costs and improving health outcomes. The company also provides specialty pharmacy services for complex medical conditions.
  4. Behavioral Health Services: Cigna provides comprehensive behavioral health services, including mental health and substance use disorder treatment, to support the overall well-being of its members.
  5. Global Health Benefits: Cigna delivers international health insurance plans and services for expatriates, global citizens, and international businesses, providing access to quality health care around the world.

Actuarial Opportunities

Cigna offers a range of opportunities for actuaries, particularly within its health insurance, pharmacy services, and behavioral health divisions. Actuaries at Cigna 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 health care products to ensure competitiveness and financial sustainability.
  • Risk Management: Analyzing and managing the risks associated with health care products to maintain the company's financial strength and stability.
  • Data Analysis and Modeling: Leveraging advanced data analytics and modeling techniques to analyze market trends, forecast financial outcomes, and support decision-making processes.
  • Financial Reporting and Compliance: Ensuring that health care products comply with regulatory requirements and industry standards. This includes preparing actuarial reports and maintaining actuarial documentation.
  • Research and Development: Conducting research on emerging trends, market dynamics, and innovative solutions to enhance Cigna’s product offerings and service capabilities.

Employee Benefits and Compensation

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

  • Health and Wellness: Cigna 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, to help secure their financial future.
  • Work-Life Balance: Cigna 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

Cigna operates through several key business divisions, each specializing in different areas of health care and related benefits:

  • Health Insurance: Provides a range of health insurance plans, including individual and family plans, employer-sponsored plans, and government-sponsored plans such as Medicare and Medicaid.
  • Dental and Vision Insurance: Offers dental and vision insurance plans, covering preventive care, basic and major services, orthodontics, and vision correction services.
  • Pharmacy Services: Delivers pharmacy benefit management (PBM) services and specialty pharmacy services for complex medical conditions.
  • Behavioral Health Services: Provides mental health and substance use disorder treatment to support the overall well-being of members.
  • Global Health Benefits: Offers international health insurance plans and services for expatriates, global citizens, and international businesses.

Summary

Cigna Corporation is a global leader in providing innovative health care and related benefits, dedicated to improving the health, well-being, and peace of mind of individuals and families. With a strong presence in the United States and worldwide, Cigna offers comprehensive health care products and a supportive work environment, making it an attractive employer for actuaries and other health care professionals. Actuarial professionals looking for opportunities at Cigna can expect to find a dynamic workplace that values innovation, professional development, and employee well-being.

Find actuarial jobs at Cigna

Cigna: Global health services company improving health worldwide. Actuaries assess risks, provide insights, and ensure financial stability. Join Cigna for a dynamic career in shaping healthcare, with growth opportunities and a positive work environment.

Find actuarial jobs at Cigna

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Cigna
Actuary-Hybrid
Bloomfield, CT
|
December 8, 2024
Health
ASA
$
k-$
k
Pricing
Actuarial Analyst
Actuarial Science
Financial
Insurance
Cigna
Actuary-Hybrid
Bloomfield, CT
|
December 8, 2024
Health
ASA
$
k-$
k
Pricing
Actuarial Science
Federal
Financial
Insurance
Cigna
Actuary-Hybrid
Bloomfield, United States
|
September 17, 2024
Health
ASA
$
k-$
k
Pricing
Actuarial Analyst
Actuarial Science
Financial
Insurance
Cigna
Actuarial Intern (Evergreen)
Bloomfield, United States
|
June 17, 2024
Health
Intern
$
k-$
k
Analytics
Pricing
Actuarial Executive
Actuarial Science
Associate
Cigna
Actuarial Advisor
Bloomfield, United States
|
August 4, 2023
Health
ASA
$
k-$
k
Analytics
Benefits
Data Science
Pricing
Actuarial Science
Cigna
Actuarial Intern (Evergreen)
Bloomfield, United States
|
July 29, 2023
Health
Intern
$
k-$
k
Analytics
Pricing
Actuarial Executive
Actuarial Science
Associate