39 Junior Actuary jobs 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.

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

• 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

The following describe responsibilities and requirements for Associate Actuary, Pricing & Portfolio Management. The successful candidate will be responsible for pricing efforts for international auto and personal property, and work as a member of the international pricing team to achieve goals and deliver on strategic initiatives.
We are looking for an experienced candidate who will be responsible for the assessment of pricing adequacy, portfolio management reports, product design and company strategies using actuarial expertise, for the purpose of ensuring company financial strength, regulatory compliance, and meeting profit objectives for Personal Auto and Personal Property book.
The position develops accurate and innovative analysis techniques, suggests innovative product designs, and must be able to coordinate with others within and outside the department on various projects.
Responsibilities include:
Support the development, implementation, and maintenance of global best practices for pricing and portfolio management.
Standardize rating tools and global templates.
Develop /automated/peer review pricing models including rate level indication and loss cost modeling to be performed within planned time frame.
Ensure execution of retention, conversion and competitive position analysis and work with the product tower
Support the development and implementation of standard reports for monitoring and measuring all aspects of the Personal Auto and Personal Property business.
Ensure that peer review process is applied consistently for international personal lines
Maintain the people and processes that provide statistical information and analysis to all parties involved with the management of international personal lines, the constituencies of which include, at the country, regional and corporate levels, general management, underwriting, marketing and actuarial
Collaborate with Finance, Claims and Reserving and with data analytics function to ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.
Position Requirements:
Qualified or near qualified.
Strong actuarial/modeling experience required
Experience with data manipulation, predicative modeling and reports development required
Experience with International auto or personal property insurance preferred
Skills with Excel VBA, R, Python, Power BI, data visualization software required.
Strong verbal and written communication skills.
Fluency in English. Fluency in one other language is a plus
Location: Singapore or Malaysia
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to .
Functional Area:
AC - ActuarialAIG APAC Holdings Pte Ltd
The following describe responsibilities and requirements for Associate Actuary, Pricing & Portfolio Management. The successful candidate will be responsible for pricing efforts for international auto and personal property, and work as a member of the international pricing team to achieve goals and deliver on strategic initiatives.
We are looking for an experienced candidate who will be responsible for the assessment of pricing adequacy, portfolio management reports, product design and company strategies using actuarial expertise, for the purpose of ensuring company financial strength, regulatory compliance, and meeting profit objectives for Personal Auto and Personal Property book.
The position develops accurate and innovative analysis techniques, suggests innovative product designs, and must be able to coordinate with others within and outside the department on various projects.
Responsibilities include:
Support the development, implementation, and maintenance of global best practices for pricing and portfolio management.
Standardize rating tools and global templates.
Develop /automated/peer review pricing models including rate level indication and loss cost modeling to be performed within planned time frame.
Ensure execution of retention, conversion and competitive position analysis and work with the product tower
Support the development and implementation of standard reports for monitoring and measuring all aspects of the Personal Auto and Personal Property business.
Ensure that peer review process is applied consistently for international personal lines
Maintain the people and processes that provide statistical information and analysis to all parties involved with the management of international personal lines, the constituencies of which include, at the country, regional and corporate levels, general management, underwriting, marketing and actuarial
Collaborate with Finance, Claims and Reserving and with data analytics function to ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.
Position Requirements:
Qualified or near qualified.
Strong actuarial/modeling experience required
Experience with data manipulation, predicative modeling and reports development required
Experience with International auto or personal property insurance preferred
Skills with Excel VBA, R, Python, Power BI, data visualization software required.
Strong verbal and written communication skills.
Fluency in English. Fluency in one other language is a plus
Location: Singapore or Malaysia
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to .
Functional Area:
AC - ActuarialAIG APAC Holdings Pte Ltd
#J-18808-Ljbffr

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

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.

Location: Singapore, SG

The role is at the forefront of shaping reinsurance solutions in dynamic and diverse. It offers the opportunity to apply analytical thinking to real-world challenges, collaborate across teams, and contribute to innovative product strategies that drive business growth and client impact. It's a chance to combine technical expertise with market insight in a role that's both intellectually rewarding and commercially influential.

About the Role

As a Pricing Actuary, you'll play a central role in shaping reinsurance solutions by supporting new business pricing, product development, and portfolio optimization across Southeast Asia. You'll assess client needs, collaborate with cross-functional teams to evaluate risks, and apply actuarial insights to enhance pricing strategies. The role also involves monitoring treaty performance, identifying improvement opportunities through data analytics, and ensuring pricing practices remain aligned with market and regulatory trends.

New Business Quotes and Product Development

• Support the pricing and modelling of new businesses, including quote reviews in Southeast Asia.
• Identify and understand clients' needs and concerns.
• Collaborate with cross-functional experts from Client Markets, Underwriting, and Claims to assess risks associated with specific opportunities.
• Support product development and innovation by contributing technical insights, research, and project coordination.
• Collaborate with the Pricing Insight team to enhance pricing using both insurance and non-insurance data analytics.

Portfolio Management and In-force Optimization

• Collaborate with cross-functional teams to identify key risks and mitigate them.
• Review and monitor the underwriting performance of existing treaties and take appropriate actions to manage the portfolio.
• Leverage data analytics to identify actionable risk insights and performance improvement opportunities across blocks of business.

Costing Methodology / Guidelines

• Review pricing guidelines and ensure correct applications.
• Challenge the status quo and seek to simplify and improve existing practices.
• Stay up to date with the market, regulatory requirements, and competitive trends.

About You

• Qualified or close-to-qualified actuary (under a recognized actuarial body - SOA/CAS/IOA/FOA/FIA) with a bachelor's degree in actuarial science, Mathematics, Statistics, Economics or equivalent.
• 3–7 years of experience in life insurance or reinsurance pricing, ideally with exposure to Southeast Asia markets.
• Knowledge of the Southeast Asia market is highly preferred.
• Working knowledge of IFRS17 reporting is highly desirable.
• Strong technical and analytical skills, with experience in pricing tools and programming (e.g., Excel, R, Python).
• An effective communicator with the ability to explain technical concepts to non-actuarial stakeholders.
• Additional language skills (e.g., Thai, Vietnamese, Mandarin, Bahasa Malaysia/Indonesia) are desirable.
• Experience in medical reimbursement pricing is a plus.
• Willingness to travel within Southeast Asia (~10%).

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Keywords:

Reference Code:

Evaluate suitable valuation methodologies for innovative products covering policy and other data assumptions.

Report the EV financials with actuarial models and assumptions in accordance with Group Embedded Value Manual (GEM).

Support forecasts of financials for business planning along with supporting analyses.

Produce group reports and liaise with group counterparts as required.

Undertake special valuation projects by request.

• Valuation methodologies for innovative products
• Actuarial models and assumptions
• Group Embedded Value Manual (GEM)

Develop expertise in actuarial reporting and analysis

Contribute to business growth and development

This role requires a strong understanding of valuation methodologies and actuarial principles

The ideal candidate will be able to communicate complex ideas effectively

About this job
Lead APAC Pricing and support business on profitability analysis.
Key responsibilities
Price reinsurance business, providing transparent technical insight into the business
Participate in account discussions with actuaries, underwriters and others take holders
Provide subject matter expert and functional expertise and ensure that pricing reflects all relevant information
Prioritizing and ensuring delivery of final product within the specified timeframes
Utilization of PartnerRe actuarial models and understanding of underlying actuarial theory
Lead or co-lead market analysis and Business Review that will support Partner Re portfolio optimization
Provide clear insights to reserving team
Lead or co-lead variety of project teams (model development, annual parameter studies, ad hoc request, etc.)
Qualifications
Technical skills/competencies:
Languages : Fluent in English, Asian language is a big plus, Knowledge of additional European languages is a plus.
Programming Skills : Experience in R, Python, SQL is appreciated.
Mathematical & Statistical Knowledge : Understanding of actuarial pricing theory, reinsurance structures, market conditions, and client motivations.
System Navigation : Ability to learn and navigate existing systems to achieve business objectives efficiently.
Problem-Solving : Identifies problems and applies critical thinking to develop solutions.
Rating Techniques : Mastery of standard rating techniques, developing aggregate loss distributions, and computing economic value of treaty features.
Analytical Perspective : Ability to view topics or situations from both macro and micro perspectives.
Behavioural competencies
Intellectual Curiosity : Eager to expand knowledge.
Motivated and Reliable : Consistently demonstrates motivation and reliability in all tasks.
Communication & Time Management : Clear and succinct communication, good time management, attentive listening, and informed decision-making under pressure.
Team Player : Actively contributes to finding the best solutions with a strong team spirit.
Work experience
Minimum 6 years on Non Life Reinsurance Pricing
Education
Actuarial or data analyst diploma or a master of Mathematics or Science.
Additional Information
PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.
Thank you,
PartnerRe Hiring Team
Seniority level
Director
Employment type
Full-time
Job function
General Business
Industries
Insurance
PartnerRe is an equal opportunities employer.
#J-18808-Ljbffr