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Actuarial Intern

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

About the role

Swiss Re is a leading and highly diversified global reinsurer. The company operates through offices in over 25 countries. Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial services products that enable risk-taking essential to enterprise and progress. The company's traditional reinsurance products and related services for property and casualty, as well as the life and health business are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management.

About the team

The Products Underwriting business function is the driving force behind product development and underwriting excellence at Swiss Re. It encompasses the Property & Specialty, Casualty and Life & Health divisions. It also deploys Swiss Re's knowledge and expertise to promote underwriting excellence and to provide standard criteria for risk pricing in life and non-life business. The Actuarial Intern will work within Treaty Casualty Products to analyze pricing parameters for different Casualty Lines of Business (Motor, General Liability, and Professional Liability) under the guidance and direction of the units' most Senior Actuaries.

This project team's mandate is to continuously improve the quality and depth of our actuarial analysis through the establishment of a robust data library that will aid in parameter development. The candidate will also work on one of a number of research projects using the data already collected by the company and potentially integrating forward-looking predictive analysis where no prior data is available. For example, identifying, interpreting and quantifying economic, societal, legal, regulatory or other factors that will influence Casualty business.

You will gain a good understanding of how actuarial and other data are used to price our products (treaties covering portfolios of original insured policies) as well as learn about a specific insurance product/coverage. You may also have the opportunity to test and develop pricing models and tools. In addition to working with the unit's Senior actuaries, you may engage with others in the team including senior underwriters, claims professionals and portfolio managers to accomplish your objectives. Overall this is an excellent opportunity for a candidate aspiring to a career in the (re)insurance actuarial, analytical or potentially underwriting disciplines.

About You

  • Majors: Actuarial Science, Math or Economics (courses including 2 years calculus, 2 years probability and statistics)
  • Should be a junior or sophomore in an undergraduate program
  • Passed at least 1 actuarial exam
  • Strong Excel skills; experience with Look-up Tables and Pivot Tables preferred; experience with Macros a plus
  • Friendly and motivated; ability to work in a team setting, meet deadlines, and present findings
  • Previous work experience is a strong plus
  • Exceptional academic performance (minimum 3.25 GPA)
View all jobs at Swiss Re

⛔️ Swiss Re are no longer taking applications for this job.

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