Actuarial Intern non-life

Location

Munich, Germany

Job type

Full-Time

Work mode

On-site

Job level

Internship & Working Student

Job ID

11104

Company

Munich Re

Employment type

Temporary

Area of expertise

Actuarial & Risk Management

Central Reserving uses quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re's group-wide property and casualty business. This includes continuous monitoring of the group's reserve position, and the further development of actuarial methods, the underlying systems and tools.

The IFRS17 Plan & Solvency II team in Central Reserving ensures accurate processing of IFRS17 Plan and Solvency II data, delivers actuarial insights based on advanced quantitative and technical analysis and translates insights into a reporting and business context – working in close collaboration with the global reserving community and ensuring efficient processes.
You will be able to obtain an overview of the non-life business of Munich Re Group and have the opportunity to contribute to the application of insightful prediction tools and reporting standards.

Your Job

• Supporting the closing activities related to IFRS 17 and Solvency II
• Further developing internal quality assurance tools
• Drive project organization and gain insights into strategic topics

Your Profile

• Student with quantitative focus (e.g. mathematics, actuarial or natural science, information technology or economics)
• Experience with MS Office as well as programming languages as Python or R
• Intrinsically motivated team player with a positive attitude
• Working collaboratively and effectively in an international group
• Regular presence in our Munich office during the initial onboarding phase

Students from countries outside the EU require a German residence-/work permit. The first master's degree may not have been completed before/during the entire internship.

About us

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. Sounds like you? Push boundaries with us and be part of Munich Re. Our employees are our greatest strength. That's why we offer them a wide range of benefits.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Münchener Rückversicherungs-Gesellschaft
Silke Rößler / Oksana Kern / Nina Hartmuth
• Coordination Students Program
Königinstraße 107
• 80802 München
• GERMANY

• Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunity employer. Severely disabled candidates will also be prioritised, if equally qualified.

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.