Hi! May I know whats the day in the life in the actuarial team?

Hi! It really depends on which actuarial team you are in. I work in the Pensions team and therefore get involved in a wide range of activities including pensions audits, mergers and acquisitions, corporate consulting on pension strategy, and investment strategies for pension schemes.

From a Non-Life perspective, reserving is the main task that we focus on. This is when insurance companies allocate the money they should set aside to meet their insurance claims. We tend to use Excel as the main software, with Power BI sometimes as well. Transformations is also a very popular space in the actuarial department.

Sounds interesting! also may I know how do you guys know which team you interested in? is it based on self interest or by talking to the people from the team?

That is a great question. I find that people fall into the different actuarial service lines for a variety of reasons. Some explore content online or through forums like this one to gauge a preference, while others may apply to different service lines more randomly. Are you leaning more towards a particular team?