Actuarial/Insurance Product Development Intern

hace 2 días

Madrid, Madrid, España Bowtie Life Insurance Company Limited A tiempo completo
Role Summary

Bowtie Life Insurance Company Limited is committed to making insurance good again. Our vision is to build a category-defining health insurance company that prioritizes the well-being of our customers.

We are seeking a highly motivated and analytical intern to join our team and contribute to the development of our insurance products. As an intern, you will have the opportunity to work closely with our experienced actuaries and gain hands-on experience in pricing, product development, and financial reporting.

Our internship program is designed to provide penultimate and final year actuarial science students with the opportunity to immerse themselves in a fast-paced startup environment and gain valuable skills and experience.

You will be working on a variety of projects, including insurance product pricing, market research, and product development. You will also have the opportunity to work with our cross-functional teams, including engineering, marketing, and design.

Key Responsibilities:

  • Pricing Stream:
    • Insurance product pricing, including individual and group health and life insurance
    • Analysis of experience assumptions and variances against pricing expectations
  • Product Stream:
    • Support product development and pricing, including market research and product design
    • Product development support and communication to other functions
  • Financial Reporting Stream:
    • Owning the production of periodic reports, including regular statutory actuarial valuations and management reports
    • Financial and data analysis on both insurance and non-insurance projects
    • Supporting ad-hoc projects, including IFRS 17 and Risk-Based Capital

We are committed to offering our interns a challenging and rewarding experience that will help them develop their skills and knowledge in actuarial science. By the end of your internship, we expect you to be as knowledgeable as junior analysts in a typical actuarial team and have seen the bigger picture and been involved in the decision-making process.

Internship Duration:

Full-time: 3-6 months

Part-time: 3+ days per week, 3-6 months

About You
  • Year-3 or Year-4 undergraduate university student in a quantitative discipline, including actuarial science, quantitative finance, computer science, mathematics, decision science, etc.
  • Year-2 students with a strong academic background may be considered
  • Strong analytical and problem-solving skills
  • Keen on challenging the status quo, first-principle thinker
  • Attention to detail; responsible, proactive with good interpersonal and communication skills
  • Proficient in Microsoft Office
  • Knowledge of Python is definitely an advantage
  • Non-traditional actuarial mindset
  • Energetic personality and good team player - we move fast and we leave no one behind
We Offer

Apart from a great learning experience, we also offer:

  • Return offer opportunity
  • Fun, cooperative, and flexible startup culture
  • Weekly sharing sessions and regular happy-hour gatherings
  • Flexible working hours
About Bowtie Life Insurance Company Limited

We are the first licensed virtual insurer in Hong Kong. We believe that insurance is fundamentally good, and we are here to bring the good back through our passionate, innovative, and customer-centric team.

By combining our deep domain expertise and our own proprietary modern technology, we are building one of the most iconic, category-defining health insurance companies in Asia. We take pride in moving fast all the time and our track record in moving ahead in the game.

We are committed to offering our interns the platform to get into substantive work. We are an equal-opportunity employer and do not discriminate on the basis of race, sex, disability, or family status in the employment process.

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