Actuarial Internship

About Company

ACRE Africa empowers farmers across Africa to thrive in the face of climate challenges. We design and implement innovative risk mitigation solutions that protect farmers against risks like droughts, floods, and excessive rainfall. By mitigating these risks, we enable farmers to bounce back from calamities and re-invest in their farms. ACRE Africa’s operations align with several Sustainable Development Goals (SDGs), particularly: SDG 1: No Poverty, SDG 2: Zero Hunger, and SDG 13: Climate Action. Our Mission: We are determined to champion a paradigm shift towards equity, fairness and innovation in the agricultural sector. Through localized solutions that reduce climate-associated risk, we help unlock the full potential of agriculture and inspire a new generation of farmers across Africa. Our Vision To help unlock the full potential of agriculture by eliminating the stress and potential damage of climate variables for farmers across Africa.

Job Summary

ACRE Africa is seeking a motivated and analytical Actuarial Intern to support the design, development, and refinement of innovative agriculture insurance products across East and Southern Africa. This role offers a unique opportunity to apply actuarial and statistical skills to real-world challenges affecting smallholder farmers, agribusinesses, and development partners.

Key Responsibilities

a)    Assist in designing and pricing index-based and traditional agriculture insurance products, including drought, excess rainfall, flood, pest & disease covers.
b)    Support data analysis for various parametric indices (e.g., NDVI, TAMSAT rainfall, soil moisture, Evapotranspiration, yield datasets, satellite weather data).
c)    Contribute to actuarial modelling, risk assessment, premium computation, and loss-cost analysis.
d)    Participate in portfolio monitoring, exposure analysis, and performance evaluation of existing insurance schemes.
e)    Help develop technical documentation, product reports, and actuarial summaries.
f)    Conduct research on climate risks, agricultural production trends, and insurance market innovations.
g)    Work with the actuarial and product development teams to generate insights that strengthen product design.
h)    Assist in preparing presentations, dashboards, and analytical outputs for internal teams, insurers, reinsurers, and development partners.

Required Qualifications

a.  A bachelor’s degree in Actuarial Science, Statistics, Mathematics, Data Science, or a related quantitative discipline, obtained within the past two years.
b.    Strong statistical and analytical skills.
c.    Foundational knowledge of actuarial principles (risk modelling, pricing, probabilities, forecasting).
d.    Familiarity with R, Python, Excel, or GIS tools (advantageous).
e.    Interest in agriculture, climate resilience, or insurance innovations.

Desired Competencies

a)    Strong problem-solving and critical-thinking ability.
b)    Good communication and report-writing skills.
c)    Willingness to learn and work in a dynamic, fast-paced environment.
d)    Attention to detail and ability to manage multiple tasks.
e)    Team player with a proactive attitude.

Benefits

a)    Hands-on experience designing cutting-edge agricultural insurance products used by farmers across Africa.
b)    Exposure to satellite data analytics, agro-climatic risk modelling, and actuarial product development processes.
c)    Mentorship from experienced actuaries, product managers, and insurance partners.
d)    Opportunity to contribute to impactful solutions that strengthen farmer resilience and food security.