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Actuarial Intern

Date: Jan 8, 2021

Location: Singapore, SG

Company: SCOR

     APAC     

Singapore Singapore (SG) 

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Actuarial Intern 

Apprenticeship 

Actuarial 

 

 

          About SCOR         

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. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

 

Period

Internship from May to December 2021, full-time or part-time.

 

Company profile

SCOR is a leading global reinsurer, executing an underwriting policy focused on profitability, developing value-added services and adhering to a cautious financial policy in order to meet the expectations of their clients in terms of security.

 

Department

 

The Actuarial Department in Singapore is in charge of 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.

 

Internship Description

 

This internship in the Actuarial Department will give you the opportunity to be involved in various internal projects with a strong focus on data collection and analysis, as well as the pricing of reinsurance treaties for our clients.

 

Key duties and 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

• Usually one individual project that is assigned to the intern
• Participation in internal workshops and trainings, including introduction into reinsurance treaty pricing and our pricing tool xAct
• Reinsurance treaty pricing support during the main renewal (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 internal trainings & workshops and a few external events (SCOR Beaujolais Nouveau event, Singapore Reinsurers' Association Lunch & Learn, etc.)

 

Required experience & competencies

 

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 project

 

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

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