Graduate Actuary Apprenticeship

Job Description

Requirements：
1. Last year at the university or recent year graduates.
2. UK Bachelor’s Degree or above
3. Excellent interpersonal communication skills
4. Ability to coordinate with staff in other countries
5. Responsible, patient and motivated
6. Legal education background is a plus

Key Responsibilities:
Risk Assessment and Decision Making:
Evaluate health insurance applications to determine the risk of insuring potential clients based on their medical histories, demographic data, and other relevant factors.
Make informed decisions on whether to offer insurance and under what terms, ensuring a balanced risk portfolio.
Policy Pricing and Development:
Collaborate with actuaries and product development teams to design health insurance policies that are competitive and meet the needs of diverse Asian markets.
Set premium rates that are both competitive and commensurate with the assessed risks.
Market Research and Compliance:
Stay abreast of market trends, health statistics, and regulatory changes across Asia that may impact health insurance products and underwriting standards.
Ensure all underwriting processes and decisions comply with local regulatory requirements and company policies.
Relationship Management:
Work closely with agents, brokers, and clients to clarify underwriting decisions and policy details.
Foster strong relationships with healthcare providers and other partners to ensure comprehensive coverage and services for policyholders.
Data Analysis and Reporting:
Utilize data analytics to assess risk, forecast trends, and inform underwriting strategies.
Prepare reports on underwriting activities, policy performance, and market trends for senior management.

Qualifications:
Bachelor’s degree in finance, economics, actuarial science, or a related field.
At least 3-5 years of experience in underwriting, specifically in health insurance, with a focus on Asian markets.
Strong understanding of health insurance products, underwriting processes, and regulatory frameworks in Asia.
Proficient in data analysis and statistical tools to inform decision-making processes.
Excellent communication and negotiation skills, with the ability to explain complex underwriting decisions to non-specialists.
Fluent in English and proficiency in at least one Asian language is highly desirable.

Skills and Attributes:
Analytical and critical thinking skills.
Attention to detail and accuracy.
Ability to work independently and as part of a team.
Strong organizational and time-management skills.
Adaptability to rapidly changing market conditions and regulatory environments.

Working Conditions:
This position may require travel within Asia to understand local market conditions and regulatory environments.
Regular interaction with clients, healthcare providers, and insurance industry professionals.

This is a 6-month apprenticeship position regardless of your actual location. Progress review will be required every month and completing the whole apprenticeship will lead to a full-time position in any of our offices globally.