Actuarial Intern

The Actuarial Department in Singapore oversees the pricing of Non-Life reinsurance contracts for our clients in APAC. We provide actuarial services to our Underwriting and Catastrophe Modelling departments. Our market studies and analysis support the business planning and steering by senior management.

Responsibilities

The Intern will have the opportunity to work with experienced actuaries at SCOR Global P&C. This usually includes the following activities:

• Support of actuarial studies and natural catastrophe modelling projects by compiling the necessary data, statistical analysis and presentation of the results
• An individual project might be assigned to the intern
• Participation in internal workshops and trainings, including introduction into reinsurance treaty pricing and our pricing tool xAct (subject to COVID-19 restrictions)
• Reinsurance treaty pricing support during the main renewals (February toMarch or October to December)

Salary and other benefits

• Salary S$1,250 per month
• The intern is entitled to take annual leave (pro-rated to the internship term)
• We are flexible regarding working hours in order to still allow for the participation in one or two seminars at the university.
• Participation in (virtual) internal trainings & workshops subject to COVID-19 restrictions.
• Internship duration: Immediate for 6 months / May 2023 – December 2023

Qualifications

Experience:

• Previous working experience or internship in a similar environment is not required but will be advantageous
• Strong mathematical and analytic skills
• First experience in statistical analysis and programming
• Previous work on similar analytical university/work projects

Personal Competencies:

• Motivated and optimistic
• Creative and dynamic
• Strong interpersonal skills
• Team player

Digital Competencies:

• Microsoft Office
• Experience with statistical tools like SAS and R

Required Education

• Ideally with at least 3 semesters of undergraduate programmes like Mathematics, Applied Mathematics, Statistics, Data Analytics

About us

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.