Overview
About the Team
At Swiss Re's Bangalore office, over 200 actuarial professionals support the Life & Health (L&H) business across global markets. The team is engaged in the full spectrum of actuarial valuation reporting and analysis, from data preparation and modelling to explaining results to senior reporting heads.
About the Role
As an Actuarial Apprentice, you will contribute to quarterly valuation and reserving activities, including:
- Preparing and maintaining data for valuation models.
- Executing defined modelling processes, applying assumptions, running models, debugging, and validating results.
- Maintaining audit trails and documentation for all validations and checks.
- Ensuring deliverables meet deadlines and quality standards.
- Conducting user acceptance testing for system and model changes.
- Enhancing existing modelling and validation tools, and recommending process improvements.
- Investigating data/modelling issues and reconciling reports.
- Supporting special projects as required.
About You
- Recent graduate (within the last 3 years) with a Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Commerce, Engineering, or related fields.
- No prior formal work experience (internships allowed).
- Preferably enrolled as a student member of an actuarial professional body (India/UK/US).
- Solid understanding of fundamental actuarial concepts.
- Ability to work independently, meet deadlines, and maintain accuracy.
- Eagerness to learn from experienced industry professionals.
- Strong communication and interpersonal skills.
- Excellent organizational and analytical abilities with attention to detail.
- Proactive in identifying issues and supporting colleagues.
- Proficiency in MS Office, especially Excel; knowledge of VB Macros and SQL is a plus.
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Education Requirements
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Commerce, Engineering, or related disciplines
- graduation within the last 3 years
- no postgraduate degree
Eligible Batch Years
Swiss Re
Swiss Re is one of the world’s leading reinsurance companies, headquartered in Zurich, Switzerland. Founded in 1863, the company provides reinsurance, insurance, and other risk transfer solutions to clients across the globe. Its mission is to help the world manage risk and build resilience against natural disasters, economic volatility, and emerging threats. With a workforce of over 14,000 employees operating in more than 30 countries, Swiss Re is recognized for its strong financial stability, innovative risk modeling, and commitment to sustainability.
Swiss Re operates through three main business units: Reinsurance, Corporate Solutions, and Life Capital, serving insurers, corporations, and public sector entities. The company is known for its expertise in underwriting complex risks, including climate-related and cyber risks, and for leveraging advanced analytics to support decision-making. In recent years, Swiss Re has been actively involved in climate change initiatives, publishing research on global risk trends and partnering with governments to develop disaster resilience programs. Its consistent presence in the Fortune Global 500 underscores its position as a trusted leader in the global insurance and reinsurance market.
Company Details
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Websiteswissre.com