South African financial services group, Discovery Ltd., is inviting qualified individuals to apply for its Actuarial Internship for 2022. If you’re interested, be sure to go over the details and minimum eligibility requirements of the internship before applying.
Headquartered in Sandton, Discovery Limited is a South African financial services company that offers short and long-term insurance, investment, asset management, employee benefits and savings through it many brands and companies. Such companies include Discovery Health, Discovery Insure, Discovery Vitality, Vitality Life, HumanaVitality, and Ping An Health to name a few.
Established in 1992 by Adrian Gore, Discovery Ltd. became JSE-listed seven years later and has expanded its reach from South Africa to the United States, United Kingdom, Australia, Singapore and China.
Discovery Actuarial Internship
The successful intern will be part of Discovery Insure, a fast-growing, short-term insurance division of Discovery Ltd that offers insurance protection to the home, motor, and business insurance industries against emerging and current risks. As an Actuarial Intern, the main responsibilities of the role is provide assistance with reserving claims, experience monitoring, and different regulatory capital submissions, as well as ad hoc projects and investigations. The intern will also gain exposure in various areas including claims, underwriting, finance, legal, and wider operations.
Duties and Responsibilities
- Monitor monthly experience such as lapses, claims, and premiums to identify and understand trends
- Conduct data analysis ans investigations
- Assist with regulatory submissions regarding capital and solvency
- Conduct internal presentations to the actuarial team
- Carry out process and modelling improvements
- Create reports
Who should apply?
Only applicants who meet the following minimum qualification requirements may apply:
- Holds a bachelor’s degree in Actuarial Science
- Achieved good progress in actuarial examinations
- Must not have joined any previous internship or graduate programme
What is the selection process?
The Company will be selecting candidates based on its approved employment equity targets, and as an equal opportunity employer, people living with various disabilities who meet the minimum qualifications are highly encouraged to apply.
How do I apply?
Eligible applicants will need to fill out the registration form on the company’s recruitment page. Click the link below to get started.
No deadline is set for the submission of applications as of this posting.
For more information about this internship, send an email to email@example.com.