What will you be working on
The Actuarial Services Department (ASD) is responsible for conducting actuarial analysis for CPFB-administered insurance schemes. This includes premium calibration, valuation, experience monitoring, policy reviews, risk management strategies, and assessing key financial metrics. The department also manages and enhances actuarial and analytical models, supports the implementation of regulatory frameworks and industry best practices, conducts research on actuarial approaches, and collaborates with internal and external stakeholders on actuarial and insurance issues. Additionally, the department produces actuarial-related analytics and projects that support the Board’s initiatives.
In this role, you will:
- Conduct valuations for insurance schemes based on existing manuals and produce results for comparison with valuation reports. Provide feedback to enhance our processes and documentation.
- Assist in ongoing research and analytics on the health of the Singapore population, including referencing overseas developments.
- Hands-on experience in one or more of the following areas: experience analysis, policy evaluation, capital review, and financial metrics monitoring.
What are we looking for
We value the diverse skills and perspectives that each intern brings. While you may not need to meet every requirement fully, having some familiarity or budding expertise in the following areas will help you make the most of this opportunity and succeed with our team.
- Available Full time (5 days/week)
- Currently pursuing a Bachelor’s degree in Actuarial Science or any related fields
- Strong technical, analytical, and problem-solving skills
- Good verbal and written communication skills
- Collaborative mindset and the ability to work effectively within a team
- Experience with data analytics and statistical programming is an advantage
Position is on a full-time internship basis from Aug - Dec