Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Great to have you on board. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group
Actuarial Intern (Sep 2024 to Jan 2025)
Entity: Allianz Insurance Singapore
Allianz Insurance Singapore was established in June 2020, and today we’re one of the fastest-growing insurers in Singapore, headed for the top spot in some of the product categories we’re selling in. This isn’t a fluke but a result of effective leadership, a culture of can-do will-do, and an amazing team that’s #UnstoppableTogether, come what may.
As an Actuarial Intern, you will be an integral part of our Technical Team. You will gain skills and knowledge in product development process, new product design, underwriting and more. Join us as an Actuarial Intern and gain practical experience in a dynamic environment while contributing to the development and success of our innovative insurance products. Candidates who can commit 4 months and more will be considered.
Key Responsibility Areas:
- Assist with the end-to-end process of new product development, including but not limited to product design, developing premium rates, creating policy wordings, and determining underwriting rules.
- Conduct competitor analysis, including comparison of premium rates, providing customer and market insight, and understanding product’s unique selling points and market positioning.
- Assist the owner of product development and clarify matters to external (distribution partners) and internal (distribution, IT/operations, finance, legal/compliance) stakeholders.
- Independently perform comprehensive product performance and monitoring to support portfolio management decisions. Including gathering feedback from sales people and preparing slides for portfolio review.
- Represent the product team in meetings with IT and actively communicate key points back to the team.
- Support ad-hoc analysis and new business opportunities assessment based on needs of distribution or management team.
Requirements:
- Undergraduate who is currently pursuing a degree in business, finance, actuarial, mathematics preferred.
- Strong financial and analytical skills.
- Familiarity with Microsoft and IT platforms like JIRA and confluence.
- Programming experience is a plus (VBA/Python)
- Ability to analyze complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
- Ability to express ideas and messages clearly, both written and verbally.
- Ability to successfully influence, persuade and motivate others to act.
- Good interpersonal skills, ability to work across different cultures.
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- Company:
Allianz Insurance Singapore Pte. Ltd - Designation:
Actuarial Intern - Profession:
Banking / Finance - Industry:
Insurance