Answering your concerns
10 days off for actuarial exams
We will pause the program for 10 days during exams. We believe its easy to catchup with some additional efforts.
Join or Leave the program with any module
We offer flexibility to join or leave the internship program at any stage. It means you choose what you want to learn.
Job-Like Experience
Work in teams on real world projects
4 Modules
Covers everything that you would require to kickstart your actuarial career much ahead of your peers. Upskill yourself & grab the best opportunities with confidence.
Curriculum
Module 1 : Building Actuarial Models for Pricing & Reserving ( 6 Weeks )
The most prominent skill an actuary need is the ability to develop complex cashflow model. In this module you will learn how to build an actuarial cashflow model & use it for actuarial analysis, pricing & reserving.
- Model 4 Insurance Products (Mix of long-term & short-term contracts)
- Understand the product features, Identify the key data inputs & assumptions to be used
- Know the best practices in building an actuarial model
- Monthly cashflow projection capable of handling multiple model points
- Model Testing, Documentation & Governance
- Product Pricing : Understanding the process & deriving the premium rates
- Risk Based Classification of Premiums (Select Mortality, Ultimate Mortality, Smoker, Non-smoker etc)
- Understanding parameters that affect the profitability, capital requirements, competitiveness and inherent risks of the insurance product
- Profit Testing & Profit Signature
- Calculating different measures of investment
- Sensitivity & Stress Testing, Solvency Modeling, Reserving. Forecast risk & financial impact.
- Analysis based on various business drivers, analytical ration & parameters that affect the premium rates
- Build Financial Statements
- Software skills : Introduction to Python
- Software skills : Advanced Excel
- Multiple Case Studies
Module 2 : Data Preparation, Analysis & Valuation ( 5 Weeks )
You might have heard ``Data is oil for actuaries``. Understanding how to handle, prepare, verify, analyse & present the data is essential for every actuarial professional. Then comes actuarial valuation of the insurance portfolio on the cashflow models built in module 1.
- Data Preparation : Complete, Accurate & Consistent
- Data Analysis : Derive advanced visualisation & insights to understand the data
- Understanding & Performing different valuation of insurance portfolio
- Preparing the actuarial report
- Data Manipulation Software Skill : Excel, MS Access, SQL
- Data Analysis & Visualisation Software Skills : Pivot Table, Graphs & Charts
- Reporting: Word document & Powerpoint
- Multiple Case Studies
Module 3 : Advanced Analysis, Deep Product Understanding, Capstone Project & Python Implementation ( 5 Weeks )
- Details coming soon
Module 4 : Advanced Actuarial Concepts & Strategy Building ( 4 Weeks )
- Details coming soon
