Together with Singapore Actuarial Society, ASC hosted the annual Actuarial Networking Night on the 22nd October 2019. Every year, we gather students and working actuaries in the industry in a less formal setting to encourage casual interaction and friendly relations.
ASC is proud to announce that this year's event was yet another success -- a record attendance of 70 professionals and 130 students.
We were honoured to have our guest speakers, Mr Anuj Behl, Honorary General Secretary, Singapore Actuarial Society, and Mr Tan Yee Jiat, Vice-President, NBS Actuarial Science Club. They shared about the value of actuaries to the economy, the future of actuarial profession, and also encouraged Actuarial students to be proactive in building their networks during the event.
During the networking session, students, actuaries, professors and alumni, mingled over canapes. Attendees included senior professionals from well established companies like AXA GI, AIA, Towers Watson, Aon Benfield Asia Pte Ltd. Over the 2 hour session, the professionals were deeply engaged with our students - sharing first-hand information about the actuarial industry, clarifying doubts and providing helpful advice to the students present.
Project MyCamp is a community initiative championed by ASC since 2013. Since 2013, Project MYCamp has been dedicated to enriching the holidays of our beneficiaries. With annual experiential learning camps, we have established long-term service learning relationships with primary school student care centres.
Our most recent event marked our sixth year of operation. With the aid of 20 NTU student volunteers, a 2-day camp was conducted for 90 primary school students at Commit Learning Schoolhouse @ Peiying Primary School during their December holidays.
By engaging them in hands-on activities, the children were able to gain insights through learning experiences. Our volunteers engaged the young ones in Christmas handicraft activities - just in time for the festive season - and a mini carnival where they had lots of fun.
While the children learned, our NTU volunteers exercised and cultivated their spirit of service by teaching and guiding the children. With strong compassion and energy, our volunteers had certainly left its mark on the children over the brief but fruitful three days.
The annual case competition, Actuarial Case Competition 2019 was organised over the months of February and March of this year. This year’s event drew a total of 10 teams, made up of participants from local universities including NTU, NUS, SMU, SUTD and SUSS.
During the two rounds of competition, participants were given two case studies on a new General Insurance product in the market - Rain Insurance for ride hailing services. Teams were required to develop creative ideas and innovative frameworks to aid the industry in analysing the situation and exploiting opportunities.
We are honoured to have 3 distinguished judges from the industry sector to evaluate teams’ ideas and feasibility in putting their ideas into reality for the industry.
The 4 teams that made into the finals brought up various interesting viewpoints with regard to the topic of rain insurance, sharing with the judges and audience their wealth of knowledge gathered in preparation for the challenge. The champion was a team from the Nanyang Technological University, which wowed the judges with its effort to understand the industry in proposing solutions and its professional slides. ASC would like to congratulate our winners. It was definitely a tough fight between the four final teams!.
The Actuarial Case Competition 2019 was executed successfully this year, only possible through the kind generosity and continued support of various sponsors and the school. We would like to thank AXA for providing a suitable venue for our Grand Final as well as Singapore Actuarial Society (SAS), Institute of Faculty of Actuaries (IFoA) and Insurance Risk and Finance Research Centre (IRFRC) for monetary support for our competition, as well as the invited industry professionals for making this Case Competition a successful one.
Actuarial Insight Day is organised to serve as a good specialization engagement with Year 1 students who are contemplating to major in Actuarial Science. This year, we are able to attract about 30 students to attend our session to get to learn more about NBS Actuarial Specialisation.
Several year 2 and 3 students are also present to share their perspectives to Year 1 students regarding the ACS specialization over the dinner/networking.
This year, we have invited four guest speakers:
1. Ms Shubhanjali Gupta, Careers Ambassador, Institute and Faculty of Actuaries to share with the participants about the professional qualifications attainable and the path to becoming a certified actuary.
2. Current Year 3 & 4 NBS seniors in the ACS specialization (Livia Rachmad & Glenn Tan), to share with the participants about their reasons for joining actuarial science specialization, the difficulties they faced while studying the curriculum, and their internship experiences.
3. Mr Chan Zhan Liang, Assistant Risk Manager, AXA Singapore, shared about his working experiences in the Actuarial field.
4. Mr Calvin Tse, Actuarial Manager, Prudential Singapore, shared about the role of an actuary in the Life insurance field.
In one of our latest initiatives, NBS ASC introduced the Actuarial Sharing Day for penultimate and final year ACS students to clarify doubts on future career paths and prospects. Students reacted to the sharing positively and are more aware of the alternative careers an actuarial degree can offer.
The speakers provided professional perspective and industrial advice to students on the employability and flexibility of ACS graduates. Having rotated through several roles across various organizations, they were able to engage students with interesting sharing and insights of what they perform on a daily basis.
We are happy to see that our participants enjoyed the sharing by the speakers as each of them was really enthusiastic and passionate about what they were sharing about. Even the seniors had something to take away. All in all, it was definitely a useful session for aspiring actuaries.
This year, we have invited four guest speakers:
1. Ms Zhou Erjie, Senior Specialist, AXA Singapore, to share about a career as an actuary in the General Insurance industry.
2. Ms Selina McDonald, Head of Risk Management, NTUC Income, to share with the participants about the actuarial aspects of Risk Management.
3. Mr Liu Jiang, Consulting Manager, Deloitte Singapore, shared about his working experiences in the Consulting field.
4. Mr Yeo Yao Hui, Actuarial Research Analyst, Pacific Life Re, shared about the role of an actuary in the Life Reinsurance field.
Each year, as a tradition to welcome the new batch of year 2 students specialising in actuarial science, ASC organised an Actuarial Orientation Day to allow the new actuarial year 2 students to get to know one another and also seniors in this specialisation.
This year, we were happy that we attracted a larger number of year 2 actuarial students attending our Orientation Day.
To start off our orientation, we invited 2 honourable guest speakers, Mr Ong Wei Chang, Career Ambassador, IFoA and Mr Darren Kong, current Actuarial Science student in Nanyang Business School to share more about what they can expect ahead of them in this actuarial journey.
Afterwards, we have a dinner break where the year 2s are grouped together with two year 3/4 students to get to know one another as well as to clarify any doubts they have. This allowed both the seniors and juniors to mingle with one another too.
The Orientation day then continued with some exciting games planned by the committee to allow them to work together to win attractive prizes. Some games include brain teasers as well as Kahoot. We are happy to see the year 2s engaged during this section of the Orientation as they were all hyped and many mentioned in the end that they thoroughly enjoyed themselves.
Each year, in an effort to gather and bond each batch of ACS alumni, ASC organised an Alumni Appreciation Night to allow the past batches of students to get to know one another and also juniors in this specialisation.
This year, the event was organized at Urban Tavern @ Bugis and we were happy that we attracted a larger number of Alumni.
The event provided a platform for classmates to re-gather and catch up with one another. We were glad that the different batches of alumni were able to connect with one another and share their experiences.