Actuarial Intern

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.

Join us as an Actuarial Intern and gain practical experience in a dynamic environment while contributing to the development and success of our innovative insurance products. Candidates who can commit 4 months and more will be considered

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.
• Any AI-future skills e.g., ChatGPT, or CoPilot 365, will be an advantage to all job roles

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.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.