Singapore is a leading insurance hub in Asia, with a dynamic ecosystem of life and general insurers, reinsurers and global broking firms. The industry is being reshaped by shifting consumer expectations, rapid digital disruption and evolving regulatory changes.
To stay competitive, firms are becoming leaner, more agile and increasingly focused on digital transformation, customer experience and sustainability. This is driving strong demand for talent skilled in data, technology and stakeholder engagement.
With Asia positioned as the world’s fastest-growing market for insurance products and services, Singapore’s insurance sector offers graduates unparalleled opportunities for professional growth.
Graduates who opt for a career in the insurance industry will find themselves immersed in a competitive and innovative sector where they will be exposed to diverse market sectors and engage in forward-focused work.
TYPICAL ROLES FOR FRESH GRADUATES
- Actuarial Analyst
- Underwriting Associate
- Claims Specialist
- Risk & Compliance Analyst
- Insurance Product Specialist
- Digital Operations Executive
CAREER PROSPECTS AND OPPORTUNITIES
Graduates can look forward to rewarding careers across underwriting, actuarial science, claims, risk and compliance, product development, digital innovation and customer experience.
Major firms such as AIA, Prudential, Great Eastern, MSIG, Allianz, Singlife and AXA recruit through Graduate Associate Programmes or direct-entry analyst roles. Internships, particularly in actuarial, product development, claims, and digital innovation, are common during summer breaks and often serve as pathways to full-time positions.
RELEVANT QUALIFICATIONS/SKILLS
- Degree in actuarial science, economics, statistics, computer science, mathematics, or related fields
- Electives in risk management, insurance economics, or data analytics
- Strong analytical and problem-solving skills
- Proficiency in Excel, R, SAS, or Python (especially for actuarial/data roles)
WHAT RECRUITERS LOOK FOR
- Strong academic record and genuine interest in the insurance industry
- Flexibility, adaptability and proactive
- Ability to work independently as well as collaboratively in cross-functional teams
- Communication and stakeholder engagement skills
- Curiosity and a learning mindset to adapt to evolving industry needs