Actuarial Apprentice

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.

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.

• 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.

• SQL
• Problem‑Solving
• Data Analysis
• MS Excel
• Communication skills
• Analytical Skills
• Actuarial concepts
• VB Macros
• Organizational skills
• Model validation

• Bachelor's degree in Actuarial Science
• Mathematics
• Statistics
• Economics
• Commerce
• or related disciplines; graduation within the last 3 years; no postgraduate degree

Swiss Re, officially known as Swiss Reinsurance Company Ltd, is one of the world’s leading providers of reinsurance, insurance, and other forms of risk transfer. Founded in Zurich, Switzerland in 1863, the company operates globally, serving clients in more than 80 offices across over 30 countries. Swiss Re’s mission is to make the world more resilient by helping businesses and societies manage risks, ranging from natural catastrophes to emerging challenges such as cyber threats and climate change.

With approximately 14,000 employees worldwide, Swiss Re is renowned for its financial strength, innovative risk solutions, and thought leadership in the insurance and reinsurance industry. The company is consistently ranked among the top global reinsurers and is recognized for its commitment to sustainability and digital transformation. In recent news, Swiss Re has accelerated its efforts in climate risk modeling and sustainable insurance products, reaffirming its position as a forward-thinking leader in the sector.

Reinsurance Insurance Risk Management Financial Services