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Become An Actuarial Internship

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Working As An Actuarial Internship

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Interpreting the Meaning of Information for Others
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Make Decisions

  • $55,068

    Average Salary

What Does An Actuarial Internship Do At Prime Therapeutics LLC

* Submitting and tracking client pricing changes and performance
* Assisting with model development to build efficient processes and increase model flexibility
* Running reports with SAS and Access
* Perform various activities that contribute to the process development, process improvements and/or documentation
* May complete or participate in a department project and present to manager/leadership during the internship
* Comply with all Prime policies and procedures; maintain a respectful working environment
* Other duties as assigned

What Does An Actuarial Internship Do At Travelers

* Gain knowledge about the insurance business and acquire advanced analytical experience working with key business areas
* Work in a collaborative and dynamic work environment providing recommendations to management on projects that deal with advanced analytical related concepts
* Designing and building statistical models, analyses at the right level of complexity to produce relevant results for the business
* Identifying, integrating and structuring complex data flows
* Identifying new opportunities for analytic solutions
* Validate, manipulate and perform data analysis tasks
* Provide qualitative and quantitative data support to ensure accuracy of metrics
* Job Opening ID:
* BR
* Equal Employment Opportunity Statement:
* Travelers is an equal opportunity employer.
* Job Category:
* Actuarial and Analytics
* Position Type:
* Entry Level

What Does An Actuarial Internship Do At Transamerica

* Typical assignments in the Actuarial field include introduction to the business in the areas of product development, financial reporting or risk management.
* This is a temporary position.
* Projects may include:
* Pricing assumption documentation, analysis and maintenance.
* Regulatory compliance, including Model Illustration Regulation annual compliance and compliance with new regulatory requirements.
* Assistance with completing quarter-end financial reporting.
* Building and running computer models using actuarial modeling software, especially in Excel.
* Assisting with actuarial and underwriting modernization.
* Special projects related to the pricing of life insurance products.
* Participation in industry surveys related to life insurance products.
* Automate existing processes by writing programs or macros

What Does An Actuarial Internship Do At Aon Corporation

* You will have the opportunity to work on a variety of assignments during your internship.
* Some of the most important projects that actuarial consultants at Aon Hewitt work on are the annual pension “valuations.” Each year, actuaries collect census data from the clients and perform the annual valuation.
* With the results of these valuations, we help our clients assess the ongoing financial health of their pension plans.
* In addition to the pension valuation process, we work regularly with clients in the human resource and financial areas, and meet with them frequently to present the results of our analysis.
* Some of the other projects you might work on include:
* Projections (both stochastic and deterministic) of long-term financial information for pension and other post-retirement benefit plans
* Coordination of asset-liability analysis and other studies with investment consultants
* Merger and acquisition “due diligence” and related activities
* Design and costing of new retirement programs
* Programming leading-edge pension administration systems
* Pension benefit calculations for participants
* Union negotiation support and analysis
* Quantitative comparison of comprehensive employee benefit programs for groups of employers
* Health and Benefits Consulting
* Employer-sponsored health and welfare benefit programs form the foundation of the U
* S. health care system.
* These programs have evolved over time as employers have attempted to manage the changing needs of employees, rising program costs, and the impact of new legislation while supporting their human resource and business strategies.
* Job Responsibilities:
* You will have the opportunity to work on a variety of assignments during your internship
* Health and Benefits actuaries support consultants and work directly with our clients to develop short and longer-term health and welfare benefit strategies.
* This process involves strategic assessments of the health care market and key trends and the identification of new and innovative solutions to employer problems.
* The technical and analytical skills health & benefits actuaries bring to this process are critical to our health & benefits consulting.
* In addition to the strategy-setting process, you might also be involved with the following projects which support our clients' annual and ongoing health management needs:
* Evaluate plan design and costs relative to various measures and benchmarks with reporting to clients
* Health care budget rate-setting for self-insured plans including the analysis of medical and prescription drug network changes
* Employee contribution rate development and scenario analysis
* Analyze insured plan renewals for appropriateness and carrier bid financial evaluations
* Retiree medical and disability plan valuations
* Risk Consulting
* Aon Global Risk Consulting (AGRC) Actuarial & Analytics Practice is the third largest North American Property and Casualty Consulting firm, providing actuarial services to clients for more than 20 years.
* The practice is comprised of highly skilled and experienced professionals in the risk quantification and analysis field.
* Job Responsibilities:
* As an intern within our Risk Consulting practice, you will have the opportunity to work on projects to assess exposure to P&C; risk by loss forecasting for budgeting and risk management strategy evaluation, calculating actuarial reserves for financial statement support, providing actuarial opinions for regulatory support, and evaluating total cost of risk for effective financial and risk management solutions.
* Additional projects you might work on include:
* Support analytical work including data management, loss forecasting, accruals, self-insurance analysis and cash flow analysis
* Collect, organize and analyze data, in support of existing brokerage business and proposal development
* Prepare and maintain effective documentation of all client correspondence
* Apply existing approaches to processes to specific client assignments, alerting AGRC service team to deficiencies in data, results or processes
* Contribute to the enhancement of overall assignment results by improving specific operational procedures
* Execute routine client service tasks efficiently, delivering products and services, accurately and on time, by applying Aon protocols
* You Bring Knowledge and Expertise

What Does An Actuarial Internship Do At Amerihealth Caritas

* The Actuarial Services department is involved in a wide range of activities including estimating Revenue and IBNR in financial statements, corporate budgets and reforecasts, producing medical cost reports and trend analytics.
* The intern can assist in report preparation and reconciliation of data related to these activities.
* The Actuarial Intern will interact with all levels of the Actuarial team to work on revenue, claims, rates reconciliations and to develop a business understanding of actuarial field, health care and Medicaid pricing and analytics.
* Specific responsibilities are: build lag triangles, reconcile claims with general ledgers, base capitation and maternity revenue reconciliations, reforecast, work on revenue model, financial reporting and monthly close need

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How To Become An Actuarial Internship

Most market research analysts need at least a bachelor’s degree. Top research positions may require a master’s degree. Strong math and analytical skills are essential. 


Market research analysts typically need a bachelor’s degree in market research or a related field. Many have degrees in fields such as statistics, math, and computer science. Others have backgrounds in business administration, the social sciences, or communications.

Courses in statistics, research methods, and marketing are essential for these workers. Courses in communications and social sciences, such as economics or consumer behavior, are also important.

Some market research analyst jobs require a master’s degree. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). A master’s degree is often required for leadership positions or positions that perform more technical research. 

Licenses, Certifications, and Registrations

Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Candidates qualify based on experience and knowledge; they must pass an exam, be a member of a professional organization, and have at least 3 years working in opinion and marketing research. Individuals must complete 20 hours of industry-related continuing education courses every 2 years to renew their certification.

Important Qualities

Analytical skills. Market research analysts must be able to understand large amounts of data and information. 

Communication skills. Market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients. 

Critical-thinking skills. To determine what marketing strategy would work best for a company, market research analysts must assess all available information.

Detail oriented. Market research analysts must be detail oriented because they often do precise data analysis.

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Actuarial Internship Demographics


  • Male

  • Female

  • Unknown



  • White

  • Asian

  • Hispanic or Latino

  • Unknown

  • Black or African American

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Languages Spoken

  • Chinese

  • Mandarin

  • Spanish

  • French

  • Cantonese

  • Japanese

  • Korean

  • German

  • Vietnamese

  • Russian

  • Hindi

  • Estonian

  • Greek

  • Malay

  • Bengali

  • Urdu

  • Gujarati

  • Thai

  • Italian

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Actuarial Internship Education

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Top Skills for An Actuarial Internship


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Top Actuarial Internship Skills

  1. VBA
  2. Financial Statements
  3. Loss Ratio
You can check out examples of real life uses of top skills on resumes here:
  • Project required a high attention to detail and advanced analysis in Excel, including writing VBA macros.
  • Assisted in Preparing monthly and quarterly financial statements.
  • Conducted Experience Study of lapse rate and A/E ratio of mortality and morbidity, and Loss ratio.
  • Used SQL to pull and clean data to support various projects.
  • Assisted pricing actuaries in data programming, using SAS, Visual Basic, and Access.

Top Actuarial Internship Employers