Actuarial Intern

Who Are Canopius?

Canopius is a global speciality (re)insurer with underwriting operations in Australia, Bermuda, Singapore, the UK and US. They are privately owned and one of the leading insurers in the Lloyd’s of London insurance market. 

At Canopius they foster a distinctive, positive culture which enables them to bring their whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results. Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.

Who Are The Actuarial Team?

The Actuarial team plays a key role in supporting the business by analysing risk, assessing financial performance, and providing insight to inform strategic decisions. 

The team works across several core areas: 

• Reserving – assessing claims and estimating future liabilities 
• Pricing – supporting underwriting decisions through risk modelling and pricing analysis 

• Capital – ensuring the business holds sufficient capital to meet regulatory and strategic needs 

   

You will gain exposure to how these areas connect, providing a well-rounded view of the actuarial function within a global insurer.

What Is The Role?

We are seeking a curious and analytically minded Actuarial Intern to join our Actuarial team. This internship offers a unique opportunity to gain hands-on experience across key actuarial disciplines, including reserving, pricing, and capital. 

During your internship, you will work alongside experienced actuaries, primarily within the Reserving team, while also gaining exposure to Pricing and Capital. You will support real business activity, helping analyse data, explore trends, and contribute to reporting and modelling activities. 

This role will give you a broad understanding of how actuarial teams support decision-making within a global specialty (re)insurer, and how actuarial insights shape underwriting performance and financial outcomes. 

By the end of your placement, you will have developed practical analytical skills and a clearer understanding of how actuarial careers operate within insurance and financial services.

Responsibilities will include:

• Supporting data manipulation, validation, and analysis 
• Assisting with analysis of claims data to identify trends and insights 
• Helping to produce reports and exhibits that present data clearly 
• Supporting reserving activities, including analysis of claim development 
• Assisting with pricing activities, including case pricing and model support 
• Contributing to internal and regulatory reporting processes 
• Attending meetings with teams such as underwriting and claims 
• Supporting ad-hoc projects across the actuarial team

What Will You Gain?

This internship is designed to combine hands-on experience with meaningful exposure across actuarial work. 

You will: 

• Gain an understanding of the core actuarial disciplines: reserving, pricing, and capital both through initial formal training and meeting and working with the team 
• Build analytical capability through working with data, models, and reporting outputs 
• Learn how actuarial insights support underwriting and business decision-making by shadowing and attending meetings 
• Develop experience presenting data and insights in a clear, structured way 
• Gain exposure to collaboration across actuarial, underwriting, and claims teams 
• Build confidence working in a technical, professional environment

What Skills Are We Looking For?

We do not expect prior experience in insurance. Instead, we look for individuals who demonstrate the following behaviours and potential: 

• Curiosity and learning mindset – Demonstrate a genuine interest in understanding how businesses operate, asks thoughtful questions, and is motivated to learn and develop new knowledge 
• Communication – Shares ideas clearly and effectively, both verbally and in writing, and is comfortable engaging with colleagues at different levels 
• Collaboration and teamwork – Works well with others, contributes positively to team activities, and builds effective working relationships 
• Organisation and attention to detail – Manages tasks in a structured way, keeps track of responsibilities, and produces accurate, high-quality work 
• Problem solving and analytical thinking – Approaches tasks with a logical mindset, can interpret information, and shows an interest in using data to support decisions
• Proactivity and ownership – Take initiative, is willing to get involved, and follows tasks through to completion 
• Adaptability – Responds positively to new challenges, is open to change, and is comfortable working in a dynamic environment 
• Positive attitude – Brings energy and enthusiasm to the role, shows resilience when facing challenges, and is open to feedback and continuous improvement

• Collaboration and teamwork - Works effectively with others to achieve shared goals 
• Continuous improvement - Identifies opportunities to improve processes and ways of working 
• Innovation - Contributes ideas and new approaches to enhance outcomes 
• Stakeholder engagement - Builds relationships and communicates effectively with a range of stakeholders

Sanctuary Graduates & Apprentices, and Canopius are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.

We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.