Actuarial Intern

2 weeks ago

Downtown Core, Singapore Allianz Full time

**Entity**: Allianz Insurance Singapore
Within a span of just four years, Allianz Insurance Singapore (AIS) has emerged as the fastest-growing General Insurance company, achieving an unprecedented level of success. Since its inception in Singapore, AIS has consistently doubled its revenue year on year, a testament to its unwavering dedication to excellence.
AIS takes great pride in being certified as a Great Place to Work, a reflection of our commitment to fostering a thriving and employee-driven business culture. At the core of our values lies a relentless focus on the development and growth of our people, ensuring they have the necessary support and opportunities to excel in their careers.
**Our Opportunity**:
As the Actuarial Intern, you will be an integral part of our Technical Team. You will gain skills and knowledge in product development process, new product design, underwriting and more.
**Key Responsibility Areas**:

- Assist with the end-to-end process of new product development, including but not limited to product design, developing premium rates, creating policy wordings, and determining underwriting rules.
- Conduct competitor analysis, including comparison of premium rates, providing customer and market insight, and understanding product’s unique selling points and market positioning.
- Assist the owner of product development and clarify matters to external (distribution partners) and internal (distribution, IT/operations, finance, legal/compliance) stakeholders.
- Independently perform comprehensive product performance and monitoring to support portfolio management decisions. Including gathering feedback from sales people and preparing slides for portfolio review.
- Represent the product team in meetings with IT and actively communicate key points back to the team.
- Support ad-hoc analysis and new business opportunities assessment based on needs of distribution or management team.

**Requirements**:

- Undergraduate who is currently pursuing a degree in business, finance, actuarial, mathematics preferred.
- Strong financial and analytical skills.
- Familiarity with Microsoft and IT platforms like JIRA and confluence.
- Programming experience is a plus (VBA/Python)
- Ability to analyze complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
- Ability to express ideas and messages clearly, both written and verbally.
- Ability to successfully influence, persuade and motivate others to act.
- Good interpersonal skills, ability to work across different cultures.
- Familiarity with AI tools such as ChatGPT, Microsoft Copilot, or similar platforms to enhance productivity, process efficiency and generate insights.

77624 | Actuarial | Entry Level | n.a. | Allianz Singapore | Full-Time | Temporary
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us
Join us. Let's care for tomorrow.

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