Complete a lapse experience analysis project with the Actuarial team at Standard Bank.
Welcome to the Actuarial Virtual Job Simulation! We are so excited to have you here!
Here at Standard Bank, we’re passionate about driving sustainable, inclusive growth across Africa. The kind of growth that will make a positive and lasting impact on all our lives. We put Africa’s dreams, our client’s dreams, and our people’s dreams at the heart of everything we do.
During this programme, you will get the opportunity to step into the shoes of a Standard Bank team member and complete tasks that replicate the work that our Actuarial team does every day. You’ll learn technical actuarial skills (including actual vs. expected lapse analysis) while distilling your communication and presentation skills.
We hope this programme provides a great resource for you to upskill and strengthen your resume as you explore career options and a potential career at Standard Bank!
All tasks, materials, companies, and people featured in this programme are simulated and entirely fictional. Any resemblance to real persons (either living or dead) or other real-life entities is purely coincidental.
This program is self-paced. It takes approximately 3-4 hours to complete.
Skills Learned:
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Intro & Scenario
Background context and your project team -
Lapse analysis
Carry out lapse experience analysis- Actuarial Techniques
- Judgement
- Excel
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Lapse assumption
Recommend a new lapse assumption- Critical Thinking
- Presentation
- PowerPoint
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Impact assessment
Conduct an impact assessment of the new lapse assumption- Actuarial Analysis
- Mathematical Proficiency
- Judgement
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The lapse assumption impact
Communicate the impact of the new lapse assumption- Analytical Thinking
- Data Interpretation
- Communication
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Finish Line
