Actuarial Internship - Non-Life Pricing, Asia (Hong Kong & Singapore)

As an Actuarial Intern at PartnerRe, your primary responsibilities will include learning about the intricacies of reinsurance, handling reinsurance pricing tools, and conducting pricing pre-analysis. You'll work closely with the pricing and underwriting teams, gaining hands-on experience that is vital for your professional growth.

To be eligible for the Actuarial Internship - Non-Life Pricing at PartnerRe, you should be an undergraduate based in Singapore or Hong Kong, ideally majoring in Actuarial Science, Statistics, Risk Management, or a related field. A keen analytical mindset and attention to detail are essential for success in this role.

While a full-time commitment is preferred for the Actuarial Internship - Non-Life Pricing at PartnerRe, part-time work of at least three days a week is also acceptable, particularly if you are seeking a credit-bearing internship. This flexibility allows you to balance your studies while gaining valuable work experience.

For the Actuarial Internship - Non-Life Pricing at PartnerRe, strong analytical skills, attention to detail, and effective communication abilities in both written and spoken English are key. Proficiency in Microsoft Excel is also highly valued, as you’ll be working with various data sets and pricing models.

At PartnerRe, we pride ourselves on fostering a supportive environment for interns. You will have the chance to learn from experienced professionals, participate in team collaborations, and engage in ongoing training. Our commitment to diversity and collaboration means that your contributions will be valued, and you'll receive mentorship throughout your internship.

In preparation for your interview, understand that reinsurance is essentially insurance for insurance companies. It allows insurers to manage their risk by transferring a portion of their risk portfolios to other entities. Familiarizing yourself with terms and concepts such as 'ceding,' 'retention,' and 'excess loss' can help demonstrate your knowledge.

Research and be prepared to discuss common tools used in reinsurance pricing such as Excel, and specialized software like R or SAS. Mentioning your familiarity with these tools or your willingness to learn can give you an edge during the interview.

During your interview, emphasize your time management skills and ability to prioritize tasks. Discuss specific strategies you would employ, such as breaking down projects into smaller parts and utilizing tools like to-do lists or project management software to stay organized.

Reflect on potential challenges such as staying up to date with industry regulations, the need for continuous learning due to changing market conditions, and the importance of accurate data interpretation. Highlighting your problem-solving mindset and adaptability will be beneficial.

This is your opportunity to express your passion for mathematics, statistics, and risk analysis. Make sure to relate it back to the significance of actuarial science in understanding and managing risk, as well as how it impacts businesses and society.

In your response, share a specific example that illustrates your teamwork skills. Utilize the STAR method (Situation, Task, Action, Result) to structure your answer and demonstrate how you effectively collaborated with others to achieve a common goal.

Discuss the importance of attention to detail and the strategies you implement to maintain accuracy. This might include double-checking calculations, utilizing software tools to minimize errors, or seeking peer reviews of your work for feedback.

Discuss your long-term career goals, such as becoming a qualified actuary, specializing in certain areas of reinsurance, or contributing to innovative solutions for risk management. Showing ambition and a willingness to grow within the field will resonate positively with employers.

Highlight your proactive approach to learning. Mention resources you follow such as industry publications, webinars, or professional organizations. This demonstrates your commitment to professional development in the actuarial field.

This is your chance to show you've researched the company. Discuss PartnerRe’s strong reputation, values of collaboration and integrity, and their commitment to impacting society positively. Connecting your career goals with the company’s mission will demonstrate your fit for the role.