Actuarial Intern
Ascot’s Summer Internship Program offers a unique opportunity to learn about the insurance industry within a dynamic, entrepreneurial environment. While the internship is primarily focused on actuarial, interns will gain exposure to a wide range of functional areas across the company, including, actuarial, underwriting, claims, distribution, reinsurance, legal and compliance, operations, and IT. Interns will engage in hands-on learning, collaborate with experienced insurance professionals, and develop a comprehensive understanding of how these departments work together to assess risk and deliver client solutions.
Internship Position: Actuarial
A Day in the Life of an Actuarial Intern May Include:
- Using Excel, Python, or other actuarial software to perform actuarial analysis
- Conducting research on industry benchmarks, claims data, and market trends to support underwriting decisions
- Supporting the actuarial department across all three functions (Pricing, Reserving, and Alternative Risk)
- Presenting research to internal teams such as actuarial, underwriting, and senior leaders
- Participating in ascend learning activities and training sessions
A Successful Actuarial Intern Has:
- Preferred majors: Actuarial Science, Mathematics/Applied Mathematics, Risk Management, Statistics, or other related fields
- Must be actively enrolled in an undergraduate program
- Expected undergraduate graduation year: 2029 or 2028
- 0-2 years of working experience
- Active involvement in student organizations, campus initiatives, or leadership roles
Essential Skills and Competencies:
- Successful completion of one or more CAS/SOA Exam; P or FM
- Technical proficiency in Excel and SQL; familiarity with VBA, Power BI, R, or Python is desirable but not required
- Strong attention to detail and ability to manage deadlines
- Strong verbal and written communication skills to effectively engage with internal teams and external partners
- Effective time management and organizational skills to support multiple projects
Additional Information: This internship does not provide housing, relocation assistance, or reimbursement for related expenses.