69 Actuary jobs in Singapore

We are seeking a dynamic and analytical Pricing Actuary to lead the development and enhancement of pricing models and strategies across our general insurance portfolios, with a strong focus on Motor insurance. This is a high-impact role within the Risk Management and Actuarial Services department, reporting directly to the Chief Risk Officer. This role plays a critical part in driving sustainable profitability and innovation through rigorous actuarial analysis and close collaboration with cross-functional teams.

Key Responsibilities

• Deliver technical pricing support to our business units in Asia using actuarial models and data-driven insights
• Analyse portfolio performance, identify trends, and recommend corrective actions to ensure sustainable profitability
• Collaborate with local product teams to design and enhance product offerings tailored to market-specific needs and aligned with innovation goals
• Monitor market trends, competitor activity, and regulatory developments to inform product and pricing strategy
• Drive the development of advanced analytics capabilities to strengthen pricing effectiveness and support strategic decision-making

Requirements

• A Fellow of the Casualty Actuarial Society (USA) / Institute and Faculty of Actuaries (UK) / Institute of Actuaries (Australia)
• Minimum 7 years of experience in pricing and analytics within the non-life insurance industry, preferably with experience in motor insurance
• Proficiency in statistical analysis and data tools such as R, Python, SAS, or equivalent
• Strong analytical and problem-solving skills, with attention to detail and business impact
• Excellent communication and interpersonal skills, with the ability to work cross-functionally and influence stakeholders
• A proactive and goal-oriented mindset

Job Types: Full-time, Permanent

Pay: $6, $13,800.00 per month

Benefits:

• Additional leave
• Dental insurance
• Employee discount
• Gym membership
• Health insurance
• Parental leave
• Professional development
• Work from home

Work Location: Hybrid remote in Singapore

Munich Re Group is one of the world's leading providers of reinsurance. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high-net worth individuals to pandemics, we take care of risks so our clients can take care of their businesses.

We are looking for a Data Actuary to support the SEA Life In-Force Mgt and Terms of Trade team at Munich Re Singapore. In this role, you will combine actuarial knowledge with data analytics skills to analyze experience data using tools like Python, SQL, Power BI, and Databricks. A key focus will be supporting the Key Treaty Monitoring (KTM) project, which tracks treaty performance and generates actionable insights to drive key business decisions.

You will also conduct investigations on loss ratios, claims experience, respond to ad-hoc data queries, and collaborate closely other teams to support ongoing and prospective treaty discussions. This role offers a unique opportunity to apply actuarial and data skills in a commercially focused, innovation-driven reinsurance environment.

Your Role

• Analyse treaty terms and product features in collaboration with actuarial and accounting teams to ensure accurate interpretation and implementation onto the KTM
• Lead the onboarding of new treaties into KTM, ensuring accurate mappings, data consistency, and validation of results
• Maintain high data quality by performing comprehensive checks, cleaning, and reconciliations, supporting in-force portfolio management and pricing analysis
• Design and maintain dashboards on Excel and Power BI, to visualize, monitor, and analyse client data for business decision-making
• Conduct ad-hoc analyses, including premium reconciliations, claims investigations, and preparation of datasets for experience studies and management reporting
• Liaise with clients and internal stakeholders to identify, investigate, and resolve data issues, ensuring robust documentation and consistent data standards
• Review and validate analytical outputs and data processes to ensure accuracy, and uphold high quality output from the team
• Contribute to innovation efforts, including prototyping and integrating GenAI capabilities using in-house AI platforms and APIs
• Support junior members of the team in expanding their actuarial, systems and insurance knowledge
• Work with other members of the team to analyse the available data and to develop dashboards and reports, communicating relevant insights to senior management.

Your Profile

• Fellow of a recognized actuarial body.
• Bachelor's degree in Actuarial Science, with a interest in expanding into data analytics
• Minimum 3 years of experience in actuarial - related roles; experience in life insurance industry is preferred
• Proficient in Excel and SQL, with hands-on experience in data automation and managing large datasets
• Skilled in data visualization, particularly using Power BI to develop clear and insightful dashboards
• Strong analytical and problem-solving skills to interpret complex data structures and ensure high levels of data accuracy through thorough validation and reconciliation
• Detail-oriented with a strong sense of ownership and initiative in driving tasks to completion
  Excellent written and verbal communication skills in English, with the ability to collaborate effectively across teams and regions

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.

• Analyse treaty terms and product features in collaboration with actuarial and accounting teams to ensure accurate interpretation and implementation onto the KTM
• Lead the onboarding of new treaties into KTM, ensuring accurate mappings, data consistency, and validation of results
• Maintain high data quality by performing comprehensive checks, cleaning, and reconciliations, supporting in-force portfolio management and pricing analysis
• Design and maintain dashboards on Excel and Power BI, to visualize, monitor, and analyse client data for business decision-making
• Conduct ad-hoc analyses, including premium reconciliations, claims investigations, and preparation of datasets for experience studies and management reporting
• Liaise with clients and internal stakeholders to identify, investigate, and resolve data issues, ensuring robust documentation and consistent data standards
• Review and validate analytical outputs and data processes to ensure accuracy, and uphold high quality output from the team
• Contribute to innovation efforts, including prototyping and integrating GenAI capabilities using in-house AI platforms and APIs
• Support junior members of the team in expanding their actuarial, systems and insurance knowledge
• Work with other members of the team to analyse the available data and to develop dashboards and reports, communicating relevant insights to senior management.

• Fellow of a recognized actuarial body.
• Bachelor's degree in Actuarial Science, with a interest in expanding into data analytics
• Minimum 3 years of experience in actuarial - related roles; experience in life insurance industry is preferred
• Proficient in Excel and SQL, with hands-on experience in data automation and managing large datasets
• Skilled in data visualization, particularly using Power BI to develop clear and insightful dashboards
• Strong analytical and problem-solving skills to interpret complex data structures and ensure high levels of data accuracy through thorough validation and reconciliation
• Detail-oriented with a strong sense of ownership and initiative in driving tasks to completion
• Excellent written and verbal communication skills in English, with the ability to collaborate effectively across teams and regions

• Deliver technical pricing support to our business units in Asia using actuarial models and data-driven insights
• Analyse portfolio performance, identify trends, and recommend corrective actions to ensure sustainable profitability
• Collaborate with local product teams to design and enhance product offerings tailored to market-specific needs and aligned with innovation goals
• Monitor market trends, competitor activity, and regulatory developments to inform product and pricing strategy
• Drive the development of advanced analytics capabilities to strengthen pricing effectiveness and support strategic decision-making

• A Fellow of the Casualty Actuarial Society (USA) / Institute and Faculty of Actuaries (UK) / Institute of Actuaries (Australia)
• Minimum 7 years of experience in pricing and analytics within the non-life insurance industry, preferably with experience in motor insurance
• Proficiency in statistical analysis and data tools such as R, Python, SAS, or equivalent
• Strong analytical and problem-solving skills, with attention to detail and business impact
• Excellent communication and interpersonal skills, with the ability to work cross-functionally and influence stakeholders
• A proactive and goal-oriented mindset

Valuation Actuary – Regional | Singapore

A top tier reinsurer is hiring for a Valuation Actuary, If you are a young actuary looking to grow into a regional role and to gain exposure in overview of reports and the impacts it bring to the business, take a look at this opportunity.

This role supports a regional valuation portfolio with oversight on IFRS17 and Solvency II reporting, audits, and key regional projects. You will collaborate with global teams and support regional financial reporting, including work on integration projects. The role will also be involved in analysing financial results, experience trends, and supporting decision-making.

Key Requirements:

• Qualified or nearly qualified actuary (FSA, FIA, or FIAA)
• 4 to 6 years of actuarial experience
• Strong experience in valuation
• Skilled in actuarial software (e.g., Prophet) and data tools (Excel, R, SQL, etc.)
• Strong communication, stakeholder management, and analytical skills

This is a strategic, hands-on role ideal for actuaries looking to influence regional valuation practices in a global reinsurer. Please apply if this is for you.

Company Reg No.: D | License No.: 24S2411 | Reg No: R | AL

Department

Part 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.

Internship description

This internship in the Biometric Risk Modelling chapter of SCOR Global Life will give you the opportunity to be involved in actuarial duties with a strong focus on tools for deriving actuarial asumptions and projections of the underlying morbidity (e.g. cancer morbidity) for life and health insurance products.

As the scope of the team is world-wide, you will be working on many different countries with a strong focus on Asia Pacific.

Key duties and responsibilities

The Research Intern will have the opportunity to work with experienced actuaries at SCOR Global Life and will be responsible for

• Parametric and non-parametric modelling of morbidity assumptions
• Adapting or developing models based on available tools for mortality and morbidity estimation
• Interpretation and analysis of available claims experience and population data and calibrating analytical models to these data
• Developing cloud-based tools for automating analysis process

These opportunities will provide you with a very good start for the development of your analytic skillsets and into the actuarial modelling and data analysis for life and health insurance products. It will also provide insights into thinking, strategy and collaboration in a multinational corporations like SCOR.

Experience:

• Previous work experience or internship in a similar environment is not required but will be preferred;
• Strong mathematical and analytic skills;
• Hands-on experience in statistical analysis and programming;
• Previously worked on similar analytical university/work projects;
• Excellent speaking and written skills in English.

Personal Competencies:

• Motivated and optimistic;
• Creative and dynamic;
• Strong interpersonal skills;
• Proactive and autonomous;
• Result oriented;

Digital Competencies:

• Microsoft office suite;
• Experience with statistical and data analytical tools like Python and/or R;

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

Key Responsibilities:

• Lead and perform actuarial valuations for reserving and pricing across various general insurance product lines, such as motor, property, liability, and personal accident.

• Ensure compliance with Monetary Authority of Singapore (MAS) regulations, including preparation and preferably be able to sign-off:

• Financial Condition Reports (FCR)

• RBC 2 submissions

• Appointed Actuary annual certification

• Collaborate with internal stakeholders (Underwriting, Finance, Claims, Product, and Reinsurance) to provide insights that inform business decisions and improve profitability.
• Enhance and maintain actuarial models for forecasting, pricing, and capital adequacy in line with company policy and regulatory expectations.
• Support portfolio monitoring by analysing loss ratios, claims trends, inflation, and emerging risks in the Singapore market.
• Lead actuarial input in the development of new products and tariff reviews, ensuring technical soundness and market competitiveness.
• Contribute to reinsurance strategy development by providing data-driven assessments of retention structures, treaties, and catastrophe exposure.
• Supervise and mentor junior actuarial staff, fostering a strong internal actuarial capability.

Requirements:

• Associate or Fellow of a recognised actuarial body (e.g., IFoA, SOA, CAS).
• Must be registered or eligible to be registered as a Certified Actuary with MAS under MAS Notice 133/134.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
• Minimum 5 years of actuarial experience in the general insurance industry, preferably in a direct insurer operating in Singapore.
• Strong knowledge of RBC 2, FCR, and MAS reporting requirements.
• Solid technical expertise in reserving, pricing, experience monitoring, and reinsurance analysis.
• Proficiency in actuarial modelling software (e.g., ResQ, Igloo, Emblem) and data tools (Excel, R, Python, SQL).
• Strong analytical and problem-solving skills with keen attention to detail.
• Effective communication and stakeholder engagement skills, with the ability to present technical results to non-actuarial teams.
• Self-motivated, proactive, and capable of working both independently and collaboratively.

About the Role:

This is a unique opportunity to take on a key position in our life actuarial team, working closely with clients and stakeholders to deliver high-impact projects.

The successful candidate will have a strong understanding of economic and market issues, as well as excellent analytical and creative skills. They will be able to interpret complex data and communicate findings effectively to both technical and non-technical audiences.

Key Responsibilities:

The role involves assisting and leading the delivery of client engagements, including IFRS 17, Appointed Actuary work, actuarial valuation, pricing and product development, actuarial modelling, Merger & Acquisitions (M&A) and due diligence. The successful candidate will also be responsible for performing evaluations in areas related to financial risk, product distribution and capital issues.

They will work with advanced financial modeling approaches and systems, designing valuation and Asset Liability Management (ALM) frameworks.

Requirements:

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• A minimum of 6 years' experience in the life actuarial team or an actuarial consulting firm
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• Newly or nearly qualified with either the Institute and Faculty of Actuaries (UK), the Society of Actuaries (US) or the Institute of Actuaries of Australia
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• Good knowledge of Prophet software
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• Excellent written and verbal communication skills
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Benefits:

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• Continuous learning opportunities to develop new skills and expertise
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• A supportive and inclusive culture that values diversity and collaboration
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• A dynamic and fast-paced work environment with opportunities for career growth and development
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• A competitive compensation package and benefits program
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About Us:

We are a leading provider of actuarial services, dedicated to delivering exceptional results for our clients. Our team is passionate about helping individuals and organizations navigate complex financial challenges and achieve their goals.

Our vision is to be the trusted partner of choice for clients seeking expert actuarial advice and guidance. We strive to build long-term relationships based on trust, integrity, and a commitment to excellence.

Key Responsibilities:

• Lead and perform actuarial valuations for reserving and pricing across various general insurance product lines, such as motor, property, liability, and personal accident.
• Ensure compliance with Monetary Authority of Singapore (MAS) regulations, including preparation and preferably be able to sign-off:- Financial Condition Reports (FCR)- RBC 2 submissions- Appointed Actuary annual certification
• Collaborate with internal stakeholders (Underwriting, Finance, Claims, Product, and Reinsurance) to provide insights that inform business decisions and improve profitability.
• Enhance and maintain actuarial models for forecasting, pricing, and capital adequacy in line with company policy and regulatory expectations.
• Support portfolio monitoring by analysing loss ratios, claims trends, inflation, and emerging risks in the Singapore market.
• Lead actuarial input in the development of new products and tariff reviews, ensuring technical soundness and market competitiveness.
• Contribute to reinsurance strategy development by providing data-driven assessments of retention structures, treaties, and catastrophe exposure.
• Supervise and mentor junior actuarial staff, fostering a strong internal actuarial capability.

Requirements:

• Associate or Fellow of a recognised actuarial body (e.g., IFoA, SOA, CAS).
• Must be registered or eligible to be registered as a Certified Actuary with MAS under MAS Notice 133/134.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
• Minimum 5 years of actuarial experience in the general insurance industry, preferably in a direct insurer operating in Singapore.
• Strong knowledge of RBC 2, FCR, and MAS reporting requirements.
• Solid technical expertise in reserving, pricing, experience monitoring, and reinsurance analysis.
• Proficiency in actuarial modelling software (e.g., ResQ, Igloo, Emblem) and data tools (Excel, R, Python, SQL).
• Strong analytical and problem-solving skills with keen attention to detail.
• Effective communication and stakeholder engagement skills, with the ability to present technical results to non-actuarial teams.
• Self-motivated, proactive, and capable of working both independently and collaboratively.