Discovery - Insure

Internship: Actuary  

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery.  Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society. 

 About Discovery Insure 

Discovery Insure is committed to creating a nation of great drivers through our innovative Shared-value Insurance model. Discovery Insure is South Africa’s fastest growing short-term insurance company with comprehensive products that provide protection against current and emerging risks facing clients in the motor and home insurance sectors. Vitality Drive, an internationally-recognised and award-winning programme, is a key differentiator in the market that incentivises and rewards clients for driving well. The Vitality Drive programme has been scaled to local and international markets which now include Europe and the Middle East. The company employs over 1 000 people who are committed to putting our customers and financial advisers first by providing unique and innovative solutions and cover.

Job Purpose

The focus of the role will be to assist with claims reserving, experience monitoring as well as various regulatory submissions and ad-hoc investigations and projects. The role involves exposure to a wide range of areas such as underwriting, claims, legal, finance and wider operations. 

Key outputs may include but not limited to:

·       Data analysis and investigations

·       Monitoring monthly experience (e.g. claims, lapses, premiums) to understand trends

·       Assistance with regulatory submissions

·       Actuarial claims reserving calculations

·       Process and modelling improvements

·       Report writing

·       Internal presentations to Actuarial team members  

 Education and Experience

 Education:

·       Matric (Essential).

·       Bachelor’s degree in Actuarial Science

·       Good progress with Actuarial exams

 Experience:

·       No previous internship and or graduate programme in any industry or government institution

·       No work experience (Essential)

·       Must be between the ages 18 and 30.

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.