AIA Singapore and Singapore Management University (SMU) yesterday signed a Memorandum of Understanding to launch the primary work-study elective for Actuarial Science college students on the School of Economics.
The collaboration is to supply college students with invaluable on-the-job coaching expertise in actuarial science and combine the scholars into the broader business, enterprise and social ecosystem.
The new elective helps efforts by the Institute of Banking & Finance (IBF) in upskilling and remodeling the workforce. As the programme’s first anchor companion, AIA Singapore goals to supply college students with alternatives to develop related abilities to thrive on this aggressive and dynamic business.
As a part of their monitor requirement work-study elective, chosen college students will get to study business finest practices from professionals within the actuarial science division at AIA Singapore the place they are going to be uncovered to actuarial features comparable to product pricing, valuation of insurance coverage liabilities, capital administration and reinsurance, gaining higher publicity to the business and cultivating a higher understanding of real-world practices. The apprenticeship will run for 20 weeks.
Ms Aileen Tan, chief human useful resource officer of AIA Singapore, mentioned, “In in the present day’s enterprise setting we have now needed to evolve and innovate in response to expertise development, and altering buyer and distributor wants and expectations. Our actuaries have been navigating these adjustments and serving to the corporate to drive progress while managing value pressures. The position of our actuarial leaders is vital in serving to us drive this transformational change and figuring out alternatives amidst all these challenges. This partnership additionally helps the nationwide precedence of rising our native expertise pool by growing good abilities and capabilities inside the monetary business.”
AIA Group is the biggest impartial publicly listed pan-Asian life insurance coverage group. It has a presence in 18 markets within the area.
AIA offers actuarial science work-study elective with university & More Latest News Update
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