Page 10 - Bachelor of Actuarial Science. _Brochure 2022

10 Bachelor of Actuarial Science

INTERNSHIP

Ms. Tan Yan Qing

Internship Company: FWD Takaful Bhd.
Internship Duration: 1st March 2022 – 30th June 2022 (4 months)
Position: Actuarial Intern (Pricing)

My internship at FWD Takaful as an actuarial intern in the
pricing team had provided me with valuable insights in takaful
pricing model and product analysis. The experience also helped
me to get a closer look at the role of an actuary in the pricing
team. I was assigned to handle various tasks including collecting
validation data, preparing presentation slides, documentations,
developing and validating models.

I valued the opportunity of working in a conducive environment where I was able to work on diverse
models and my colleagues were approachable for any queries. I mostly worked with Excel to perform
User Acceptance Testing (UAT), which strengthened my Excel skills. Meeting multiple deadlines at the
same time has also trained me to manage and utilize my time in a more effective and productive way.
Presentation skill is a key skill in the workplace. I learned to present all my findings, analysis, and views
towards the issue clearly and effectively to ease the decision-making process for my manager. The
internship module under the Bachelor of Actuarial Science programme has made all this possible.

INTERNSHIP

Mr. Tan Zi Cheng

Duration: 1st March 2022 – 30th June 2022 (4 months)
Company: Etiqa Life Insurance Berhad
Position: Actuarial Intern (Valuation)
I completed my internship with Etiqa Life Insurance Berhad as a
member of the Statutory Valuation Reporting Team. My job
scope was mainly related to IFRS 17 implementation projects,
User Acceptance Testing (UAT) and assisting the team in any ad-
hoc tasks when needed. I was involved in UAT on Variable Fee
Approach (VFA), one of the three measurement models under
IFRS 17 by using SAS software, to ensure its viability.

I was given a chance to learn new softwares such as Prophet and SAS Enterprise Guide to complete my
tasks while reinforcing my skills in Excel and VBA coding to develop models for producing parameter
tables for UAT purposes. Being able to deliver ideas clearly and accurately is important to increase
efficiency at work. Paying close attention to details is also required for the tasks given to be completed
immaculately. The internship opportunity provided under the Bachelor of Actuarial Science programme
taught me to never stop exploring and never be afraid to ask. Even though the learning curve is steep, I
am beyond grateful that all my colleagues are friendly and helpful.