Singapore

Intern

Graduate

Part Qualified

Qualified

Senior Actuary

Life

Investments

Health

Property & Casualty

Products

Reserving

Reporting

Data

Reinsurance

Risk

Critical Illness

Systems

Python

Modelling

Experience Analysis

Prophet

Coding

Pricing

MoSes

Valuation

Consulting

Excel

ReMetrica

Takaful

Marine

Contract

Tableau

MATLAB

AXIS

This is an additional position in Munich Re Life and Health 2 Regional Structured Solutions team and provides an exciting and challenging role with a focus on Structured Solutions transactions. Being within the regional unit will also expose you to major insurance markets in the Asia Pacific, Middle East & Africa regions.About the role:Strategic<ul><li>Each Asian market is analysed together with the local office to determine possible Structured Solutions opportunities, and clients are segmented with a focus on the best potentials.</li><li>You will support as needed</li></ul>Structuring<ul><li>Each transaction is structured based on client needs, taking into account local and parent accounting requirements, local regulatory environment, client capital, tax, volatility issues, and MR structural advantages</li><li>You will help the team establish the best structure for meeting client's needs</li></ul>Pricing<ul><li>The products covered range from traditional life to unit linked products and their features need to be fully understood</li><li>The underlying assumptions are key, as well as internal Munich Re requirements</li><li>You will price/ review the local office pricing of the transactions to ensure that all risks are appropriately considered and our targets are being met</li><li>You will liaise with the local office (and client as appropriate)</li></ul>Deal Approval<ul><li>Each Structured Solutions transaction needs to be thoroughly reviewed and vetted by the regional office, and depending on the size, by head office.</li><li>You will work with internal stakeholders as required so that their needs are met and we have a timely and successful internal approval</li></ul>Infrastructure<ul><li>It's key that our underlying guidelines, standards, templates and frameworks are kept up to date and communicated with local teams.</li><li>You will assist in making sure these are current and understood by the appropriate parties</li></ul>Profile:<ul><li>Fellow, or working towards fellowship of a recognised actuarial body or equivalent (FSA, FIA, FFA or FIAA)</li><li>More than 3 years of actuarial experience in an direct, reinsurance or consulting environment.</li><li>Excellent verbal & written communication skills in English. Secondary language an advantage.</li><li>A highly-motivated team player</li><li>Knowledge of Solvency II, IFRS, US GAAP & RBC developments is an advantage</li><li>Strong experience and technical grounding with spreadsheets (i.e. can perform complex functions)</li></ul>About Munich Re:Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

The Modelling Community of Excellence (MCoE) is a team of modelling experts focused on delivering a continuous, high-quality and efficient service of actuarial modelling to SCOR Global Life (SGL) teams worldwide. This includes the ongoing development and maintenance of models for both Pricing and Reserving.MCoE sets the ambition and vision for Actuarial Modelling and supports ongoing SGL strategic initiatives. The team are a key contributor to significant global projects within SCOR such as the implementation of IFRS17. MCoE is building its actuarial modelling support to our Asia-Pacific markets, in particular to our local reserving teams based in Singapore, Korea, China and Australia.Key duties and responsibilities:<ul><li>Work very closely with the APAC Head of Modelling in testing, review, validation and delivery of models to meet the requirements of SCOR’s Asia-Pacific reserving teams</li><li>Work on process improvements and internal documentation as assigned</li><li>Other duties as assigned by the Company, including participation in related Divisional and Group projects.</li></ul>Internship duration:<ul><li>From May 2023 (6 months or longer preferred)</li></ul>Ideal Experience: <ul><li>Previous working experience or internship in a similar environment is not required but will be advantageous;</li><li>High level of independence, flexibility,assertiveness and ability to build relationships and work across multiple geographic locations.</li><li>Flourishes working as part of a busy team in a fast-paced environment</li></ul>Personal Competences:<ul><li>Excellent verbal &amp; written communication skills in English</li><li>Ability to work effectively independently and as part of a team</li><li>Quick learned and eager to explore new tools and technologies </li></ul>Required Education <ul><li>3rd or final year pursuing Bachelor’s degree in actuarial sciences or in mathematics or related disciplines</li></ul>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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world.  A unique position exists to be a part of that global success story.This is an exciting, challenging opportunity to join LH2 Financial Reporting Team as Valuation Actuary. This team oversees valuation, reserving and financial reporting for Life and Health business of Munich Re entities in Asia markets (i.e., Southeast Asia, Malaysia Retakaful, Korea, Japan and MENA) and is embedded in the global Central Life Reserving team, which is covering all relevant global and local valuation bases including Solvency II, IFRS 17 and HGB.Offer:<ul><li>You will lead the supporting activities for Solvency II, IFRS 17, Local Statutory and HGB reporting for Asia entities</li><li>Responsible for mentoring and leading junior members</li><li>Perform regular experience monitoring, treaty performance analysis and assumption review</li><li>Maintain the valuation data, and ensure models and processes are up-to-date and with appropriate documentation</li><li>Close coordination with the heads of business units and finance departments to ensure treaties are accurately set up, valued and reported</li><li>Deliver high-quality information to management and relevant departments for their business decision-making</li><li>Provide support for business development activities</li><li>Maintain knowledge of current actuarial developments for multiple valuation bases (i.e., IFRS17) and developments in the (re)insurance industry across several markets</li><li>Close collaboration with the regional valuation team based in Singapore</li><li>You will have responsibility to lead ad-hoc projects or training</li></ul>Profile:<ul><li>Degree in Actuarial Science, Mathematics or Statistics</li><li>Qualified actuary of a recognised actuarial body (FSA, FIA, FIAI, FIAA or equivalent)</li><li>5+ years actuarial experience within the valuation function of life (re)insurance</li><li>Profound understanding of economic valuations (i.e., Solvency II or IFRS17)</li><li>Strong analytical, problem solving and research skills</li><li>Excellent verbal and written communication skills</li><li>Personality traits: responsible, proactive, adaptive, meticulous, team player but with the ability to work independently</li><li>Proficiency in excel (can perform complex functions), VBA and database management systems</li><li>Working knowledge of traditional life, health and financial reinsurance business is an advantage</li><li>Knowledge of other local specific reporting basis (i.e., Korea GAAP, Japan GAAP) is an advantage</li><li>Knowledge of Retakaful business is an advantage</li></ul>About Munich ReOur business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you. At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

Munich Re is the world’s largest reinsurer and a leading provider of reinsurance solutions in Asia. The Regional Centre in Singapore has grown and expanded substantially over the past years with more than 300 employees currently. Southeast Asia is one of the most exciting regions in the world and offers great opportunities for Munich Re.As part of our expansion for the SEA team, we are seeking an Actuarial Analyst with a focus in health insurance products.   Offer:<ul><li>Perform portfolio monitoring to ascertain trend and experience</li><li>Participate in research and development work on medical trends in various markets</li><li>Generate IBNR factors for internal and external requirements</li><li>Support pricing actuary in product development including product design, pricing and risk management</li><li>Correspond with internal accountant or client on data issues</li><li>Develop portfolio monitoring presentation slides which is shared with both client managers and clients</li><li>Develop new actuarial monitoring tools to enhance the portfolio monitoring process</li></ul>Profile:<ul><li>Degree in Actuarial Science with at least 1 year of working experience </li><li>Strong in Microsoft Excel, Access and Statistical Tools</li><li>Good communication skills with the ability to negotiate, present and share ideas with colleagues and clients</li><li>Understanding of reinsurance knowledge/structure would be preferred</li><li>Ability to work independently as well as with the team</li><li>Good command of English both written and verbal</li></ul> Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you. At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

Job DescriptionOur Company’s Singapore office has an exciting opportunity for an Underwriting Risk Actuary within the Life Underwriting Risk Management Asia team. This position will offer you an exciting opportunity to work with all APAC countries and large range of stakeholders in a fast-paced, exciting &amp; dynamic environment.Overall mission: Work closely with Head of Life Underwriting Risk Management APAC and various stakeholders of the Company to actively support APAC growth strategy.As Underwriting Risk Actuary, your role is: <ul><li>Provide holistic risk assessment and risk analysis for business transactions, strategic initiative and risk appetite</li><li>Contribute to provide timely and high-quality review of underwriting risk management aspects of business transactions including sizable and complex transactions in traditional, Strategic and Financial solution areas (“referrals”) arising from the APAC region, provide recommendations for appropriate risk mitigants, thereby balancing risk management and commercial aspects</li><li>Support underwriting risk review of strategy and risk appetite. Support specific risk analyses to ensure a robust consideration is given to the risks arising</li><li>Support the development of APAC macro markets contributions to Life, Group or Entities business risk analysis and reporting</li></ul>Build underwriting risk framework and risk culture<ul><li>Support the APAC macro markets in establishing a strong underwriting risk management framework, including the implementation and monitoring of Strategic framework, inforce management, local guidelines and internal control on the business acceptance processes including cross reviews • Actively contribute to the underwriting risk management activities of APAC Macro markets business, including the development of an effective network across the Macro Markets and reliably connecting the global strategic risk appetite to macro markets underwriting risk management activity</li><li>Promote operational excellence in business acceptance and use of best practices and best tools</li><li>Support a culture of transparency and thoughtful approach to assessing and managing business risks</li><li>Contribute through ad hoc project work to the activity of the Life Business Acceptance team on global topics</li></ul>Qualifications<ul><li>Strong experience in Life (re)insurance with emphasis on the biometric insurance risk dimensions</li><li>Experience in operating in a multinational environment</li><li>Minimum 10 years of relevant life insurance industry experience </li><li>Experience in Pricing or Product development would be appreciated</li><li>Experience in applying the Agile methodology through the participation of a project or experience in setting up and leading an agile project would be a positive.</li></ul>Personal Competences:<ul><li>Excellent written and communication skills</li><li>Strong interpersonal &amp; influencing skills</li><li>Fast learner, Proactive and Ability to work autonomously in a fast-paced environment</li><li>Excellent technical ability and aptitude for problem solving</li><li>Excellent planning, prioritization, organization and project management skills</li></ul>Required Education: Actuarial background - Additional training in the area of applied risk management preferredRequired languages: English - Chinese or Korean would be a plusAbout usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.

About the TeamReporting to Regional Corporate Actuary, Life &amp; Health ("L&amp;H") Business Management Actuarial Asia in Singapore, you will be primarily responsible for the activities of the Actuarial Management in Asia. The Actuarial Management team is part of the L&amp;H Business Management division in Swiss Re, responsible for managing the in-force business. The Business Management Actuarial team in Asia supports Swiss Re's L&amp;H business in Asia by providing financial information and advice on past/expected future profitability and experience.This team works closely with other departments in Asia's L&amp;H Community, including those in business origination functions (Client Markets and Products teams). Furthermore, the team has interdependent relationships with other units within the L&amp;H Business Management division. The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture in order to drive delivery of the overall in-force management mandate. The Business Management division comprises the following units: Business Management Actuarial, Portfolio Management, Technical Accounting, and Claims.About the role (Contract duration: 2 years)This role is a key contributor to the development and implementation of processes for the upcoming International Financial Reporting Standard ("IFRS") 17 accounting standards for the Asia business.Your main responsibilities will include implementation of IFRS reporting, including quantification of impacts, process set up, documentation and handover. Additionally, you will contribute to development and provision of the training process for the Asia actuarial team for IFRS17 reporting.The key activities of the Business Management Actuarial team that you will be primarily responsible include:<ul><li>Support the production/review of the balance sheet and earnings under IFRS17</li><li>Contributing to the establishment of a new IFRS17 end-to-end reporting process.</li><li>Assisting in review and comment on global IFRS17 implementation approach in various areas.</li><li>Support IFRS17 training and engage BM team to prepare for the implementation. Understand the impact to earnings and balance sheet and provide insight to management</li><li>Communicate the issues/challenges with senior actuaries or stakeholders on time</li><li>Ad hoc assistance when needed for quarterly reserving and reporting processes of Asia business</li><li>Assist in in-force data quality and proper determination of policy liabilities for USGAAP, Singapore Statutory, and economic reporting</li></ul>About You<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;</li><li>At least 5 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;</li><li>Attained or close to attaining fellowship in actuarial examinations;</li><li>Excellent interpersonal, communication, organisational skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A good understanding of IFRS 17, USGAAP and MCEV.  Knowledge in Singapore local reserving standard would be considered an advantage;</li><li>Good knowledge and proficiency of actuarial modelling systems; MoSes experience is desirable, but not essential;</li><li>Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage.</li></ul>About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

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.ResponsibilitiesThe Intern will have the opportunity to work with experienced actuaries at SCOR Global P&amp;C. This usually includes the following activities:<ul><li>Support of actuarial studies and natural catastrophe modelling projects by compiling the necessary data, statistical analysis and presentation of the results</li><li>An individual project might be assigned to the intern</li><li>Participation in internal workshops and trainings, including introduction into reinsurance treaty pricing and our pricing tool xAct (subject to COVID-19 restrictions)</li><li>Reinsurance treaty pricing support during the main renewals (February toMarch or October to December)</li></ul>Salary and other benefits<ul><li>Salary S$1,250 per month</li><li>The intern is entitled to take annual leave (pro-rated to the internship term)</li><li>We are flexible regarding working hours in order to still allow for the participation in one or two seminars at the university.</li><li>Participation in (virtual) internal trainings &amp; workshops subject to COVID-19 restrictions.</li><li>Internship duration: Immediate for 6 months / May 2023 – December 2023</li></ul>QualificationsExperience:<ul><li>Previous working experience or internship in a similar environment is not required but will be advantageous</li><li>Strong mathematical and analytic skills</li><li>First experience in statistical analysis and programming</li><li>Previous work on similar analytical university/work projects</li></ul>Personal Competencies:<ul><li>Motivated and optimistic</li><li>Creative and dynamic</li><li>Strong interpersonal skills</li><li>Team player</li></ul>Digital Competencies:<ul><li>Microsoft Office</li><li>Experience with statistical tools like SAS and R</li></ul>Required Education<ul><li>Ideally with at least 3 semesters of undergraduate programmes like Mathematics, Applied Mathematics, Statistics, Data Analytics</li></ul>About usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.

Job DescriptionIn this exciting and fast-paced role you will be working across SCOR’s 4 growing APAC Macro Markets (China / North Asia / South Asia / ANZ) which cover 9 offices writing business in 30 countries. Supporting the Head of Life &amp; Health (L&amp;H) Actuarial, APAC in the management of all L&amp;H group reserving activities with a key focus on IFRS4, IFRS17, Solvency II, Singapore statutory reporting and reviewing the experience analysis. You will also be involved in capital management initiatives (including liaising closely with Pricing teams on the capital implications of new deals) &amp; in-force management. You will have a high degree of responsibility and autonomy whilst undertaking and leading key projects within the team.About the Department: APAC ActuarialThe APAC Actuarial team is based in SCOR’s offices in Singapore, Sydney, Beijing and Seoul, and covers both Life &amp; Health and Property &amp; Casualty business. This includes business written in 30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is lead by the Chief Reserving Actuary for Asia Pacific.ResponsibilitiesGroup Reporting<ul><li>Provide oversight of the production of L&amp;H reserves for Group results (IFRS 4, IFRS 17, SII) each quarter, participating in the landing process and ensuring the results are robust.</li><li>Provide value adding insight on the drivers of financial performance, movements in IFRS and SII results, experience emergence, and recommendations for management actions. </li><li>Support to build the actuarial narrative on L&amp;H business to support FP&amp;A teams.</li><li>Provide support on the annual assumption update process, reviewing the experience analysis produced by the business and leveraging the analysis to set the best estimate assumptions, working in conjunction with the other APAC L&amp;H actuarial team leaders.</li><li>Work closely with APAC L&amp;H actuarial teams on issues of methodology, appropriate techniques, and expert judgement.</li><li>Help to lead the external audits and relationships with local auditors in relation to actuarial topics</li><li>Support the standardisation and continuous improvement of reserving processes, analyses and controls across the APAC L&amp;H actuarial teams.</li></ul>Statutory Reporting<ul><li>Support the Appointed Actuary for the Singapore Branch</li><li>Work on all tasks related to the Singapore statutory reporting for the Singapore branch / the Korea branch of SRAP, producing quarterly and annual RBC2 results, Industry Wide Stress Testing, and supplying stress tests &amp; analysis for the Own Risk and Solvency Assessment</li><li>Work with the Capital Management team to provide accurate insurance risks forecasts to manage capital within the comfort range for these entities</li><li>Liaise closely with Pricing teams on the capital and reserving implications of new deals for these entities</li></ul>Relationships<ul><li>Support the Head of L&amp;H Actuarial, APAC in being the primary point of contact for the Corporate Actuarial and Group Actuarial teams on all Life &amp; Health matters in the region </li><li>Communication of actuarial issues to other Finance teams in the context of earnings, capital, liquidity, etc.</li><li>Work closely with other teams within APAC, including the L&amp;H business unit, colleagues in the wider Finance team, Pricing, and Risk management, to share common knowledge and common purpose.</li></ul>QualificationsExperience:<ul><li>Qualified Actuary (FSA, FIA, or FIAA)</li><li>Relevant experience in a life insurance/reinsurance business</li><li>Deep experience of at least one of: IFRS4, IFRS17, Solvency II, experience analysis, or local statutory reporting in an APAC market (SG RBC2 is advantageous but not required)</li><li>Experience of management - either small teams or individual projects</li></ul>Personal Competences:<ul><li>Enjoys working at pace, in a close-knit team</li><li>Demonstrates curiosity and enthusiasm for continuous improvement</li><li>Proactive, organized and adept at stakeholder management </li><li>Strong technical skill set</li><li>Excellent communication and interpersonal skills</li><li>Creates a supportive environment – both when coaching junior members within the team and when guiding and supporting the macro market valuation teams, as well as working with other teams and colleagues</li><li>Interest in career and skill development</li><li>Able to provide effective challenge to senior managers</li></ul>About usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.

Job DescriptionOur internship program is designed to provide students with exposure into our reinsurance business, and to develop skills to promote personal and professional development. This internship in the Actuarial Department will give you the opportunity to be involved in various areas in reinsurance valuation and internal projects.- In this exciting and fast-paced role you will have exposure to SCOR’s 4 growing APAC Macro Markets (China /North Asia / South Asia / ANZ) which cover 9 offices writing business in c.30 countries.- Supporting the APAC Actuarial team in the management of all divisional reserving activities for Life business- With a focus on IFRS, Solvency II, local statutory/solvency reporting, and experience analysisResponsibilitiesThe Life Actuarial Intern will support the team in the following tasks:- Support in the continuous improvement of actuarial reporting processes, analyses and controls across the macro markets.- Assist in the preparation of assigned reports- Any other ad-hoc projectQualificationsExperience: - No prior actuarial work experience required. Skills and Personal Competences: - Effective verbal and written communication, time management and organization skills - Good knowledge of MS Excel - Experience in programming is a plus - Keen interest to understand and build on actuarial models - Excellent team player - Ability to speak and read Korean will be a bonusDuration: - Immediate for 3-6 months About usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.

Job DescriptionPart of the Knowledge team, the Biometric Risk Modelling chapter focuses on biometric risks. Chapter core members goals are to contribute to key projects, train, share knowledge and know-how with chapter members, promote knowledge both internally and externally, and finally, develop knowledge via high level internships and academic partnerships.The Biometric Risk Modelling core members analyse biometric risks with the objective of improving the expertise of teams on this topic and of participating in the growth and profitability of the SCOR group. It provides technical assistance and support to the operating entities of SCOR Global Life, as well as to the Management, regarding risk analysis and pricing at a Group-wide level.With this in mind, the team analyses general statistical or insurance data and develops the scientific methods and tools necessary to estimate these risks. To improve its techniques and estimates, it works in partnership with high-level university researchers. The results of its work are made available to the Biometric Risk Modelling community.More generally, you’ll contribute to animating the community by sharing knowledge on biometric risk related topics. Despite SCOR covers a large variety Biometric Risk you’ll have a strong focus on Critical Illness risk as it is the principal risk covered in Asia.ResponsibilitiesThe Research Intern will have the opportunity to work with experienced actuaries at SCOR Global Life and will be responsible for<ul><li>Parametric and non-parametric modelling of morbidity assumptions</li><li>Adapting or developing models based on available tools for mortality and morbidity estimation </li><li>Interpretation and analysis of available claims experience and population data and fitting the tools to these data</li><li>Assisting on best estimate validation of critical illness insurance products </li></ul>These opportunities will provide you with a very good start for the development of your analytic skillsets and into the actuarial modelling of best estimate assumptions for biometric products. It will also provide insights into thinking, strategy and collaboration in a multinational corporations like SCOR.QualificationsExperience: <ul><li>Previous work experience or internship in a similar environment is not required but will be advantageous;</li><li>Strong mathematical and analytic skills;</li><li>Hands-on experience in statistical analysis and programming;</li><li>Previously worked on similar analytical university/work projects;</li><li>Excellent speaking and written skills in English. </li></ul>Personal Competencies:<ul><li>Motivated and optimistic;</li><li>Creative and dynamic;</li><li>Strong interpersonal skills;</li><li>Proactive and autonomous;</li><li>Result oriented;</li></ul>Digital Competencies:<ul><li>Microsoft office suite;</li><li>Experience with statistical and data analytical tools like Python and/or R;</li></ul>About usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.

We are seeking a highly motivated Senior Analyst to become part of our analytics team based in Singapore servicing the wider Asia region.The role will focus on assisting clients in understanding their exposure to risk and determining the optimal reinsurance arrangements in order to meet their risk, return and capital requirements. Our team consists of actuaries, catastrophe modellers, engineers, financial analysts and GIS experts. Responsibilities will involve interacting with analytics, brokers and clients throughout the Asia-Pacific region.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.Responsibilities:<ul><li>Experience in various actuarial pricing techniques such as experience and exposure rating.</li><li>High level of proficiency in dynamic financial analysis (DFA) for the purposes of reinsurance optimisation and reinsurance pricing.</li><li>An understanding of the various reinsurance structures to manage risk and implementation of them within the modelling framework</li><li>Play a proactive role in establishing and upholding actuarial best practice including technical peer review with potential scope to participate on the regional Actuarial Practice Group (APG)</li><li>Take on responsibility as actuarial territorial contact, liaising with clients and colleagues to establish client project objectives, outcomes, and manage these projects.</li><li>Do presentations and conduct training sessions relating to actuarial work and methods, ensuring the effective and efficient communication of concepts and key outcomes to both colleagues and clients</li></ul>Requirements:<ul><li>University graduate in Actuarial Studies or related fields such as mathematics, finance or statistical studies</li><li>Working towards associate/fellowship qualification with a recognised Actuarial institute</li><li>Not less than 2 years&rsquo; experience in reinsurance or insurance industry working in analytical roles, direct insurance related experience on insurance pricing, reserving or capital modelling/management is required</li><li>Experience in using our proprietary modelling software ReMetrica for reinsurance optimisation and reinsurance pricing viewed as advantageous</li><li>Strong computer skills in MS Office suites (Excel, Word, PowerPoint, and Outlook)</li><li>Experience with, and understanding of Catastrophe models and their relevant outputs is required.</li><li>Ability to use complex computer programs, to organize and cleanse data, to analyse primary company coverage and reinsurance contracts, and to present information to clients clearly.</li><li>Strong interpersonal skills and the ability to interface with all levels within the corporation and various business units.</li><li>Ability to travel within the Asia region to facilitate client presentations, seminars and conferences as required.</li></ul>How we support our colleaguesIn addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two &ldquo;Global Wellbeing Days&rdquo; each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law.

Job DescriptionThis senior level role requires a deep understanding of SEA’s market and client strategies and support its executions by:<ul><li>Ensuring the delivery of consistently high-quality and client centric quotation process for the SEA markets</li><li>Supporting the business development and product development activities in the region</li><li>Driving innovation in operational process and customer solutions by engaging in strategic projects with our clients</li><li>Supporting the brand building of SCOR SEA with contributions to industry papers and presentations</li><li>Managing production of rates, peer review the output of pricing actuaries</li><li>Developing pricing bases and pricing guidelines for key risks</li><li>Analyzing client experience for tenders and own experience for management information.</li><li>Running research as well as other ad-hoc projects.</li><li>Supporting Head of Pricing on various tasks, including training and guidance of other team members</li><li>Supporting Business Development client delivery and communication</li></ul>ResponsibilitiesPricing<ul><li>Manage quotation production, ensuring accurate rates produced within specified timeframes</li><li>Ensure comprehensive documentation produced to support quotes</li><li>Challenge existing thinking and manage change for the team</li><li>Ensure pricing basis are updated in line with accumulated experience and other sources of data</li><li>Show excellence in technical skills and process management</li><li>Mentor and professionally help grow younger team members</li></ul>Experience Analysis<ul><li>Manage the analysis of data provided by clients &amp; suggest pricing bases for quotes</li><li>Analyze SCOR data to contribute to MI, profitability analysis and client management</li><li>Be proactive, suggesting new analyses of the data</li></ul>Research<ul><li>Manage various parts of SCOR’s research activities and ad-hoc opportunities as required</li><li>Contribute to SCOR publications</li></ul>Client management<ul><li>Supporting Client managers during Market visits by bringing technical expertise</li><li>Develop relationships and provide excellent customer service, both internally and externally to help deliver the company’s brand/plans</li><li>Business travel 6-12 times per year</li></ul>Change management<ul><li>Pro-actively consider different ways of doing things to improve efficiency</li><li>Present suggestions to develop new business opportunities</li><li>Support Head of Pricing in innovative analyses using client or other data</li></ul>QualificationsExperience<ul><li>8+ years experience in a Pricing or Valuation function in the Life insurance industry. Reinsurance experience is strongly preferred.</li><li>Excellent knowledge of Microsoft packages (particularly Excel/Access). Knowledge of other analytic tools</li><li>Experience or working both within a team (multicultural) and as a self-motivated individual</li><li>Protection Pricing experience, ideally in Life reinsurance, is a plus</li><li>Experience of mortality/morbidity (PA, CI, Health) analysis</li><li>Knowledge of South East Asia protection market</li></ul>Essential competencies<ul><li>Excellent analytical skills</li><li>Attention to detail</li><li>Self-motivation and organisation</li><li>Team work</li><li>Customer focused</li><li>Good communication and interpersonal skills</li></ul>Desirable competencies<ul><li>Knowledge of SAS/Python/R data tools</li></ul>Personal competencies<ul><li>Oral and written communication skills</li></ul>About usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.

Job Description<ul><li>This internship will give you the opportunity to be involved in various internal projects with a strong focus on data collection and analysis.</li><li>Full time/part time (at least 3 days/week) from June 2022,preferably for at least 6 months.</li></ul><ul></ul>Responsibilities<ul><li>Support experience studies on lapse and claims experience of inforce/renewal/new business</li><li>Create and manage efficient processes to compile data, study historical experience, store the results, and produce outputs that are easy to use including but not limited to:</li><ul><li>Data exploration and data transformation</li><li>Data cleansing</li><li>Data analytics</li></ul></li></ul><ul></ul>QualificationsExperience:<ul><li>Previous working experience or internship in a similar environment is not required but will be advantageous;</li><li>Strong analytic skill;</li><li>Strong programming skill;</li></ul>Personal Competences:<ul><li>Team player;</li><li>Organized and Multitasking;</li><li>Motivated, optimistic and dynamic;</li><li>Result oriented;</li><li>Creative and dynamic;</li><li>Strong interpersonal skills</li></ul>Proficiency:<ul><li>Microsoft suite office;</li><li>Coding experience (R, Python, SQL, VBA, Tableau)</li><li>Excellent oral and written skills in English.</li></ul>Education:<ul><li>3rd or final year pursuing BBA with a major in Actuarial, Mathematics, Statistics, etc.</li></ul>About usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.

<div>Job DescriptionThe role will cover SCOR’s business written in South East Asia, Taiwan, India, and Hong Kong. Since this includes much of SCOR’s business originating in South Asia, we are seeking a candidate to assist the Head of L&amp;H Actuarial to ensure all the reporting requirements relating to Covéa transaction are met. This include preparing of settlement statements, IFRS reporting, developing long term solutions, support for Covéa inspection, etc.You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders. You will also have the opportunity to participate in various projects including process improvements, data management, IFRS17 reporting, etc.ResponsibilitiesAssist the Head of Actuarial, South Asia in the following areas:Covéa reporting<ul><li>Produce quarterly Covéa settlement statement</li><li>Produce quarterly IFRS4 reporting with regards to Covéa treaty</li><li>Work closely with different stakeholders to support the development of long-term solution to streamline the Covéa modelling and reporting process</li><li>Work closely with the APAC Actuarial team to support the Covéa inspections, BEL reconciliation, movement analysis, etc.</li><li>Work closely with relevant stakeholders to resolve open issues relating to the Covéa work.</li></ul>Support to the Valuation team<ul><li>Assist the team on various projects such as process improvement, data management, valuation work, etc.</li></ul>QualificationsExperience:<ul><li>Nearly or newly qualified actuary (FSA, FIA, FIAA, or equivalent)</li><li>Minimum 5+ years relevant experience in a insurance/reinsurance business</li><li>Experience of reserving/valuation – IFRS 4, IFRS 17 or Solvency II experience preferred</li><li>Experience of reviewing others work and managing tasks independently</li><li>Expertise in Microsoft Office (Outlook, Excel, Access, PowerPoint)</li><li>Experience of Actuarial projection software (ideally Prophet), preferred but not essential.</li></ul>Personal Competences:<ul><li>Enjoys working at pace, in a close-knit team</li><li>Demonstrates curiosity and enthusiasm for continuous improvement</li><li>Proactive, organized and adept at stakeholder management</li><li>Strong technical skill set</li><li>Excellent communication and interpersonal skills</li><li>Creates a supportive environment – both when coaching junior members within the team and when working with other teams and colleagues</li><li>Interest in career and skill development</li></ul>About usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.</div>

<div>Job DescriptionA Pricing Actuary to support our Singapore hub P&amp;C reinsurance business sourced from the APAC region (property, engineering, casualty, marine, credit &amp; surety). The role covers all aspects of pricing, model and pricing tool development, market rate knowledge and benchmark analysis as well as specific deal information working closely with the underwriters.This will be a 6 months contract with a potential to be converted to a permanent roleResponsibilities<ul><li>Pricing of reinsurance transactions and internal retrocession treaties</li><li>Contribution to growth and profitability</li><li>Supervision and peer review the work of actuaries from other offices/platforms within/outside of SCOR who are engaged to support the renewal seasons</li><li>Close collaboration with the underwriting team, including attending and travelling to client and broker meetings</li><li>Pricing, data analytics, and product development services for our clients</li><li>Reports on pricing and expected profitability for the Underwriting department</li><li>Interaction with Reserving to assure that the output of the pricing process is reflected initially in Reserving and included in the management reports</li><li>Development of studies to improve pricing parameters and to evaluate the profitability of various segments of business</li><li>Support of the development of actuarial tools and methods, including data analytics</li><li>Appropriate utilisation of pricing and evaluation tools</li><li>Networking on actuarial subjects, both internal and external</li><li>Support of the cat modelling team in respect of the creation and the update of nat cat models including testing</li></ul>QualificationsExperience:<ul><li>Open to fresh graduates</li><li>Reinsurance treaty experience is a plus</li><li>Good communication skills and experience working with underwriters and clients</li><li>Practical work / programming experience in MS Excel, VBA, SQL, R, Matlab, etc.</li></ul>Personal Competences:<ul><li>Strong pragmatic problem solving capabilities</li><li>Good team spirit, inter-personal competency</li></ul>Required Education <ul><li>University degree in Mathematics or a related discipline with strong focus on maths</li></ul>Duration<ul><li>This will be a 6 months contract with a potential to be converted to a permanent role</li></ul>About usSCOR, 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 &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; 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.</div>

<div>Munich Re is the world’s largest reinsurer and a leading provider of reinsurance solutions in Asia. The Regional Centre in Singapore has grown and expanded substantially over the past years with more than 300 employees currently. Southeast Asia is one of the most exciting regions in the world and offers great opportunities for Munich Re.As part of our expansion for the SEA team, we are seeking an Actuarial Analyst with a focus in health insurance products.  Offer:<ul><li>Perform portfolio monitoring to ascertain trend and experience</li><li>Participate in research and development work on medical trends in various markets</li><li>Generate IBNR factors for internal and external requirements</li><li>Support pricing actuary in product development including product design, pricing and risk management</li><li>Correspond with internal accountant or client on data issues</li><li>Develop portfolio monitoring presentation slides which is shared with both client managers and clients</li><li>Develop new actuarial monitoring tools to enhance the portfolio monitoring process</li></ul>Profile:<ul><li>Degree in Actuarial Science with at least 1 year of working experience </li><li>Strong in Microsoft Excel, Access and Statistical Tools</li><li>Good communication skills with the ability to negotiate, present and share ideas with colleagues and clients</li><li>Understanding of reinsurance knowledge/structure would be preferred</li><li>Ability to work independently as well as with the team</li><li>Good command of English both written and verbal</li></ul>Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.</div>

Munich Re is the world’s largest reinsurer and a leading provider of reinsurance solutions in Asia. The Regional Centre in Singapore has grown and expanded substantially over the past years with more than 300 employees currently. Southeast Asia is one of the most exciting regions in the world and offers great opportunities for Munich Re.
As part of our expansion for the Southeast Asia team, we are seeking an experienced Pricing Actuary with a focus in health insurance products.  Offer:<ul>
<li>Designing of health insurance products with consideration of marketability vis-a-vis risk management</li>
<li>Pricing of health insurance products for our clients</li>
<li>Pricing of health re-insurance risk such as non-proportional arrangement</li>
<li>Provide client managers’ support in handling product and other queries from clients</li>
<li>Involvement in client’s facing responsibilities and managing client’s request</li>
<li>Presentation to clients on portfolio analysis results, product ideas</li>
<li>Perform portfolio monitoring to ascertain trend and experience</li>
<li>Correspond with internal accountant or client on data issues</li>
<li>Develop portfolio monitoring presentation slides which is shared with both client managers and clients</li>
<li>Work closely with medical underwriters to ascertain the risk management of product features, marketing approach and underwriting questions</li>
<li>Participate in research and development work on medical trends in various markets</li>
<li>Generate new product ideas and develop pricing assumptions and tools for new markets and new risk</li>
<li>Generate IBNR factors for internal and external requirements</li>
<li>Develop new actuarial monitoring tools to enhance the portfolio monitoring process</li>
</ul>Profile:<ul>
<li>Near to Qualified Actuary (FSA, FIA, FIAA) with at least 5 years’ experience</li>
<li>At least 3 years of experience in pricing, preferably in health</li>
<li>Strong in Microsoft Excel, Access and Statistical Tools</li>
<li>Good communication skills with the ability to negotiate, present and share ideas with colleagues and clients</li>
<li>Understanding of reinsurance knowledge/structure would be preferred</li>
<li>Ability to work independently as well as with the team</li>
<li>Good command of English both written and verbal</li>
</ul> Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you. At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world.  A unique position exists to be a part of that global success story.
This is an exciting, challenging opportunity to join LH2 Financial Reporting Team as a Valuation Actuary.  This team oversees valuation, reserving and financial reporting for Life and Health business of Munich Re entities in Asia markets (i.e., Southeast Asia, Malaysia Retakaful, Korea, Japan, India and Greater China) and is embedded in the global Central Life Reserving team, which is covering all relevant global and local valuation bases including Solvency II, IFRS 17 and HGB. Offer:<ul>
<li>You will take the lead on Solvency II, IFRS17, Local Statutory and HGB reporting for Asia entities.</li>
<li>Responsible for mentoring and leading junior members of the valuation team</li>
<li>Perform regular experience monitoring, treaty performance analysis and assumption review</li>
<li>Maintain the valuation data, and ensure models and processes are up-to-date and with appropriate documentation.</li>
<li>Close coordination with business units and CFO departments to ensure treaties are accurately set up, valued and reported.</li>
<li>Deliver high quality information to management and business units for their business decision-making.</li>
<li>Provide support for business development activities.</li>
<li>Maintain knowledge of current actuarial developments for multiple valuation bases (i.e., IFRS17) and developments in the (re)insurance industry across several markets.</li>
<li>You will have responsibility to lead ad-hoc projects.</li>
</ul>Profile:<ul>
<li>Degree in Actuarial Science, Mathematics or Statistics</li>
<li>Qualified actuary of a recognised actuarial body (FSA, FIA, FIAI, FIAA or equivalent)</li>
<li>5+ years actuarial experience within the valuation function of life (re)insurance</li>
<li>Strong analytical, problem solving and research skills</li>
<li>Excellent verbal and written communication skills</li>
<li>Personality traits: responsible, proactive, adaptive, meticulous, team player but with the ability to work independently</li>
<li>Proficiency in excel (can perform complex functions), VBA and database management systems.</li>
<li>Knowledge of economic valuations (i.e., Solvency II or IFRS17) is an advantage.</li>
<li>Working knowledge of traditional life, health and financial reinsurance business is an advantage.</li>
<li>Knowledge of AXIS is an advantage.</li>
</ul> Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.  At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.<div>Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world.  A unique position exists to be a part of that global success story.This is an exciting, challenging opportunity to join LH2 Financial Reporting Team as a Valuation Actuary. This team oversees valuation, reserving and financial reporting for Life and Health business of Munich Re entities in Asia markets (i.e., Southeast Asia, Malaysia Retakaful, Korea, Japan, India and Greater China) and is embedded in the global Central Life Reserving team, which is covering all relevant global and local valuation bases including Solvency II, IFRS 17 and HGB.Offer:<ul><li>You will take the lead on Solvency II, IFRS17, Local Statutory and HGB reporting for Asia entities.</li><li>Responsible for mentoring and leading junior members of the valuation team</li><li>Perform regular experience monitoring, treaty performance analysis and assumption review</li><li>Maintain the valuation data, and ensure models and processes are up-to-date and with appropriate documentation.</li><li>Close coordination with business units and CFO departments to ensure treaties are accurately set up, valued and reported.</li><li>Deliver high quality information to management and business units for their business decision-making.</li><li>Provide support for business development activities.</li><li>Maintain knowledge of current actuarial developments for multiple valuation bases (i.e., IFRS17) and developments in the (re)insurance industry across several markets.</li><li>You will have responsibility to lead ad-hoc projects.</li></ul>Profile:<ul><li>Degree in Actuarial Science, Mathematics or Statistics</li><li>Qualified actuary of a recognised actuarial body (FSA, FIA, FIAI, FIAA or equivalent)</li><li>5+ years actuarial experience within the valuation function of life (re)insurance</li><li>Strong analytical, problem solving and research skills</li><li>Excellent verbal and written communication skills</li><li>Personality traits: responsible, proactive, adaptive, meticulous, team player but with the ability to work independently</li><li>Proficiency in excel (can perform complex functions), VBA and database management systems.</li><li>Knowledge of economic valuations (i.e., Solvency II or IFRS17) is an advantage.</li><li>Working knowledge of traditional life, health and financial reinsurance business is an advantage.</li><li>Knowledge of AXIS is an advantage.</li></ul>Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you. At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.</div>

<div>We are seeking an experienced qualified actuary to lead our data initiatives for Life and Health business in Southeast Asia.Located in Singapore and reporting to the Head of In-force Management, this role has four key components:<ul><li>managing a team of data experts to ensure deliverables are met</li><li>ensure that data received from clients for ad hoc tasks are checked and transformed to be used for downstream consumption</li><li>the incumbent will use the organisation's system architecture to transform portfolio data made available to the organisation by its clients into a standardised and enriched format for downstream consumption</li><li>driving ad hoc tasks related to data reviews and premium reconciliations</li></ul>Offer:In this function, you will:<ul><li>take responsibility for data quality in the region and for the robust processing of data</li><li>support junior members of the team in expanding their actuarial, systems and insurance knowledge</li><li>liaise with the regional data team and COO on data projects as it relates to SEA</li><li>provide actuarial and business input to the IT Team during requirement-gathering exercises</li><li>use actuarial and systems knowledge to assess proposed IT solutions</li><li>support the user acceptance testing of system changes</li><li>support the change management function in relation to data systems and processes</li><li>work with other members of the team to analyse the available data and to develop dashboards and reports, communicating relevant insights to senior management.</li></ul>Profile:To perform this function, you should be a qualified actuary:<ul><li>with 3 to 5 years of experience in life insurance / reinsurance</li><li>with a thorough understanding of life insurance principles and of the products in the region</li><li>with technical computing skills (including knowledge of SQL-based intake systems and databases)</li><li>with strong analytical and problem-solving skills</li><li>with excellent communication skills (both written and spoken) in English.</li></ul>Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.</div>

<div>We are seeking an experienced actuarial resource (part qualified, or recently qualified) to head our regional Data Team (covering the Middle East, Africa and the Asia Pacific region).Located in Singapore and reporting to the Chief Operating Officer, this role has several key components:<ul><li>working closely with the Business Lead and IT Team to support the company’s regional data warehouse projects, taking responsibility for user acceptance testing and sign-off</li>
<li>mentoring and managing a team of actuarial data analysts, responsible:<ul><li>for setting up the company’s systems to process and consume bordereaux data provided by clients</li><li>for providing extracts, reports and business insights to down-stream users.</li></ul>
</li></ul></div><div>Your jobIn this function, you will:<ul><li>take responsibility for data quality in the region and for the robust processing of data</li><li>provide actuarial and business input to the IT Team during requirement-gathering exercises</li><li>use actuarial and systems knowledge to assess proposed IT solutions</li><li>plan, support and take responsibility for the User Acceptance Testing of system changes</li><li>manage the day-to-day activities of the Data Team</li><li>support other members of the Data Team in expanding their actuarial and insurance knowledge</li><li>liaise with local offices throughout the region, as and when necessary</li><li>support the change management function in relation to data systems and processes</li><li>work with other members of the Data Team to analyse the available data and to develop dashboards and reports, communicating relevant insights to senior management.</li></div><div>Your profile<ul><li>part-qualified / recently qualified actuary:</li><li>with 5 to 10 years of experience in life (re)insurance</li><li>thorough understanding of life insurance principles and products in the region</li><li>experience of managing a team</li><li>strong database knowledge (SQL)</li><li>strong analytical and problem-solving skills</li></ul></div><div>About us
Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.</div><div>Equal opportunitiesWe are committed to equal employment opportunity regardless of race, color, ancestry, religion, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression. We are proud to be an equal opportunity workplace.</div>

<div>About the roleBased in our Singapore Regional Hub, the Senior Actuary supports the regional Chief Operating Officer (Life and Health) in advising the business units in the region on reinsurance contract wording, terms of trade and portfolio performance, as well as contributing to ad hoc projects conducted in the region.
</div><div>Your job<ul><li>support business units in gaining insights from biometric experience analyses and book-research into biometric factors</li><li>advise business units on converting retrospective biometric studies into prospective “terms of trade”</li><li>provide regional management with an assessment as to the applicability of the final “terms of trade” proposed by the business units</li><li>support the development of templates for reinsurance contracts</li><li>provide regional management with an assessment of the impact of any material deviations from these templates</li><li>work with “Treaty Wording Experts” and the legal team to provide training to business units on the drafting or reinsurance contracts</li><li>maintain and enhance the existing infrastructure for monitoring the financial performance of the in-force portfolios</li><li>contribute to ad hoc projects in the region, such as putting in place a reporting framework, providing management information to support business decisions.</li></ul></div><div>Your profile<ul><li>an actuarial fellowship qualification</li><li>10 to 15 years of experience in life insurance / reinsurance</li><li>a thorough understanding of life insurance principles and products in the region (Asia, Africa, the Middle East and Australia)</li><li>experience in biometric analysis and actuarial assumption setting</li><li>experience in drafting legal contracts (preferably reinsurance treaties)</li><li>experience in monitoring the financial performance of an insurance portfolio</li><li>technical computing skills (including knowledge of databases and visualization software)</li><li>strong analytical and problem-solving skills</li><li>strong interpersonal skills</li><li>strong communication skills in English (both written and spoken).</li></ul></div><div>About Munich ReOur business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.</div>

About Swiss Re



<div>
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. 
 
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work. 




</div>

About the Team

The Portfolio Management team forms part of the Business Management division in Swiss Re together with other units including Technical Accounting, Actuarial Management and Claims. The team has interdependent relationships with other units within the L&amp;H Business Management division and is required to foster a strong team culture in order to drive delivery of the overall divisional mandate.  



The mandate of the Portfolio Management team is to monitor, protect and maximize the shareholder value extracted from the in-force L&amp;H portfolio across its six markets in Asia: China, Japan, South Korea, South East Asia, Hong Kong &amp; Taiwan and India.



As part of a team of fifteen, this role reports to the Head L&amp;H Portfolio Management Asia and working closely with other senior team members. Whist this role will focus on Korea market, it also includes participation in regional initiatives and offer great exposure to leaders at the executive level, including frequent access to the Managing Director and Regional Head of the Business Management in Asia Pacific. In addition, the team works closely with other departments in Division Asia's L&amp;H Community, including Pricing, Finance, Transactions and Client markets.



About the Role

1)    Portfolio Management: actively participate and support the Korea Portfolio Management managers' responsibility in engaging with other internal partner functions (and with external clients) to perform effective management of L&amp;H's in-force portfolios.

2)    Assist on inforce portfolio initiatives to actively manage inforce risk and increase value of the inforce. This includes for example: 
a)    Performing portfolio deep dives to review treaty profitability and propose actions to improve treaty performance 
b)    Complete quantitative experience analysis and valuation for recapture or non-contractual change on the inforce. 
c)    Driving key inforce initiatives within Swiss Re such as US GAAP initiatives, Portfolio Optimization, Customer Retention Management, IFRS 17 and other inforce solutions. 
d)    Reprice reviewable rate treaties or provide technical peer review support.

3)    Perform experience monitoring: 
a)    Work on production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other. 
b)    Highlight key observations and recommendations to assist on business steering and in-force management. 
c)    Monitor treaty's rate review trigger or internal KPI to ensure timely action is taken when necessary. 
d)    Identify early warning signals and managing portfolio risks such that proactive action can be taken to protect the value of the in-force and ensure its sustainability; Spot issue early and fix them. 
4)    Support Group wide and local projects as required, including other priorities of the L&amp;H Business Management team.



About You

•    Good exam progress with a recognised Actuarial professional body. 
•    Minimum 4+ years of L&amp;H valuation or pricing experience in reinsurance or primary insurance 
•    Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis). 
•    Working knowledge of US GAAP financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV), knowledge of IFRS 17 is a plus 
•    Strong analytical skills, good understanding of financial reporting process, actuarial models and data management 
•    Experience in regular experience monitoring and highlight/ investigate variance in experience and its root causes. 
•    Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus. 
•    Excellent interpersonal, communication and organisational skills 
•    Ability to liaise with various stakeholders on different in-force management initiatives. 
•    Ability to navigate ambiguity and work autonomously

•    Candidates with more experience will be considered as Senior Actuarial Analyst
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Keywords:   
Reference Code: 115308 


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About Swiss Re

 

<div class="swissre_jobtemplate">
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. 
 
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work. 

 

 
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About the Role

 

This is a key senior role responsible for all actuarial valuation, reporting and analysis activities for Swiss Re's L&amp;H Reinsurance business in South East Asia, which consist of key growth markets for Swiss Re with a dynamic range of insurance products and reinsurance structures. In addition, the role also covers consolidation and reporting of business written in Swiss Re Asia Limited, which is the headquarters of Swiss Re's reinsurance business in Asia.

<ul>
	<li>Overall ownership of South East Asia's L&amp;H actuarial deliveries to internal Swiss Re stakeholders in Asia and Group level, and external stakeholders including auditors and regulators</li>
	<li>Lead the Singapore and Bangalore actuarial reporting teams to provide high quality production of US GAAP, EVM and Statutory actuarial valuation</li>
	<li>Provide oversight of actuarial reporting activities in other SRAL branches and perform consolidated reporting to the MAS</li>
	<li>Support the transition to IFRS17</li>
	<li>Lead or provide support, as appropriate, into capital management, ALM, risk management and regulatory engagement activities</li>
	<li>Be a trusted advisor to the business through insightful analysis, proactive understanding of market developments, and engagement with other L&amp;H functions to provide advice on new business activities and enable effective management of the L&amp;H inforce portfolios</li>
	<li>Be part of the senior management in Singapore, provide leadership and guidance to junior colleagues</li>
	<li>Represent Asia in regional and global projects as appropriate</li>
</ul>

 

About the Team

 

The L&amp;H Actuarial Management team is responsible for actuarial valuation, reporting and analysis activities for all reinsurance business written in Asia, meeting regulatory requirements and providing insights to improve the performance of Swiss Re's L&amp;H business in Asia. The L&amp;H Actuarial Management function resides within the L&amp;H Business Management division. The mandate of Business Management is effective management of Swiss Re's inforce business. Other functions within Business Management are Claims Management, Portfolio Management and Technical Accounting.

 

About You

 

You will apply your strong technical knowledge, business experience and leadership qualities to be an effective regional leader. You will have the following attributes:

<ul>
	<li>Around 15 years of L&amp;H (re)insurance experience in either valuation or pricing functions, with at least 8 years post qualification experience;</li>
	<li>FIA, FIAA, FFA, FSA or another internationally recognized actuarial qualification;</li>
	<li>Deep knowledge of insurance accounting, reserving and solvency regimes in Asia;</li>
	<li>Candidates with direct experience in Singapore, Asia regional, US GAAP, IFRS or economic reporting are preferred;</li>
	<li>Effective working experience with senior management of varied backgrounds;</li>
	<li>Excellent interpersonal, communication, influencing and people management skills; Ability and courage to constructively challenge strategic business propositions, but also have business mind-set to be solutions oriented;</li>
	<li>Fluent spoken and written English.</li>
</ul>

 

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
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Keywords:   
Reference Code: 112270 

 
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