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Munich Re

Munich Re

Actuarial Intern

Actuarial Intern

Job Details
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Uploaded On
January 15, 2024
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Location
Hartford, United States
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Remote?
No
Company Overview
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Headquarters
Munich, Germany
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Number of Employees
39200
Estimated Number of Actuaries
1197
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
89%
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Overall Score
4.3 / 5

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Empower yourself! Start building your career with a national industry leader!

Why intern at HSB?
At Hartford Steam Boiler (HSB), a Munich Re company, you will learn what it is like to pursue a career at one of the world's largest reinsurance companies.

HSB's 11-week Undergraduate Summer Internship Program provides a well-rounded, engaging and enjoyable experience. Below are some of the key experiences and benefits you can expect.

Program Highlights
  • Gain hands on experience.
  • Meet and gain insights from the Senior Leadership Team as well as other leaders and professionals in the organization to develop lasting professional relationships.
  • Networking opportunities.
  • Opportunity to work with interns across various departments through participation in a Team Capstone Project.
  • Hybrid work schedule to include working on-site in the office and working from home.
  • Participate in community outreach.
  • Opportunity to gain career advice and help you prepare for navigating your career search.
  • Learn about great careers within the insurance and the impact they make.
  • Potential full-time career opportunities after graduation.


The actuarial intern will analyze different aspects of the CAD product portfolio, consisting of three main products: Equipment Breakdown, Renewable Energy, and Cyber Insurance.

The candidate will assist in monitoring the performance of the existing book of business and will become involved in new business initiatives when needed. The actuarial intern will collaborate with other CAD team members, Global Underwriting staff and members of the Financial Solutions team to ensure Key Performance Indicators (KPIs) are met.

Lastly, the actuarial intern will assist in setting strategy to grow the CAD product lines in accordance with desired product mix and growth targets.

Qualifications

Education and Experience:
  • Currently pursuing Bachelor's degree in Actuarial Science, Data Science, Mathematics, Statistics or Insurance
  • Seeking current sophomores, juniors and seniors
  • Successful completion of at least one Casualty Actuarial Society or Society of Actuaries exam preferred


Knowledge and Skills:
  • Proven anlytical ability, critical thinking and problem-solving skills
  • Experience with Microsoft Excel is required
  • Familiarity with at least one coding language (VBA, SQL, R, Python, etc.) preferred
  • Comfortable with manipulation and analysis of datasets
  • Exceptional communication skills
  • Candidate has the ability to work independently and has a pro-active mindset


At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
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Working at 

Munich Re

Munich Re is a leading reinsurance company that provides insurance products to other insurance companies. The company was founded in 1880 and has grown to become one of the largest reinsurers in the world. Munich Re offers a wide range of reinsurance products, including property and casualty reinsurance, life and health reinsurance, and specialty reinsurance. In addition to traditional reinsurance products, the company also offers risk consulting and management services to help clients identify and mitigate potential risks. Munich Re has a strong reputation in the industry and is known for its expertise in underwriting and risk assessment. The company has operations in numerous countries around the world and is a key player in the global insurance market.

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