Actuarial intern
| Highest | $5,500 / mo · Switzerland |
|---|---|
| Experience | 0–1 yrs |
| Degree | Required |
| First paycheck | 2 years of university study abroad (year 2 summer internship) |
Pay in the destination countries
Monthly, in US dollars. Each country is an Imora admission package — open one for that route's fees, language requirement and deadline.
| Country | Monthly |
|---|---|
| SwitzerlandIELTS 6.5 · CHF 0.9–8k | $5,500max |
| Hong KongIELTS 6.0–6.5 · HK–200k | $4,800 |
| SingaporeIELTS 6.5 · SGD 18–35k | $4,800 |
| United KingdomIELTS 6.0–7.0 · £11–38k | $4,800 |
| United StatesTOEFL 80–100 · $10–70k | $4,700 |
| NorwayIELTS 6.0–6.5 · NOK 130–260k | $4,600 |
What does the day look like?
An actuarial intern spends the day building advanced formulas, lookup functions, and pivot tables in Microsoft Excel, alongside writing SQL queries and VBA, Python, or R scripts. Daily tasks center on pulling historical claims and policyholder records from databases, running cash-flow projection models for IFRS 17, Solvency II, or US GAAP reserves using platforms like Prophet (FIS), Mo.net, GGY AXIS (Moody's), Moses, RiskAgility (WTW), or ResQ, and calculating actual-to-expected loss cost ratios. You also prepare documentation and slide decks for pricing and reserving committees.
The glamorous side — strategic risk forecasting, catastrophe modeling, and designing complex algorithms — occupies only about 15% of the working time. The remaining 85% consists of routine data hygiene, spreadsheet debugging, formula auditing, model re-runs, and meeting notes. The standard workweek is 35 to 40 hours, but during quarterly and year-end reserve closings in January–February and July, hours spike to 45 to 50 hours per week. There is no night work, shift work, or on-call duty.
Where does this lead?
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