Munich

Intern

Part Qualified

Qualified

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Critical Illness

Python

Prophet

Coding

Motor

Pricing

Excel

Emblem

AXIS

<div>Munich Re’s Central Life Reserving Global Oversight Team is responsible for the reserves held in the life and health reinsurance portfolio. We empower reserving actuaries across the globe to provide actionable analytics on business and reserve developments relevant for decision-making. We expand and improve our capabilities for analysing and understanding risks. We drive the development and implementation of an integrated actuarial analysis and reporting platform, and we constantly safeguard the availability of high-quality data for the reserving processes.Exploring new and complex topics is your passion? Do you like to present complex matters in a simple way? Are you keen on helping others to learn and grow in their roles? If this sounds like you, we invite you to apply to join our diverse and dynamic team!Offer:<ul><li>Liaising within CLR Global Oversight for local valuation teams, including:<ul><li>Discussing and quality assuring necessary model and assumption changes</li><li>Analysing and quality assuring their valuation results in all relevant bases, as well as related management reporting</li><li>Adding value to the BU by serving as a discussion partner/consultant in all valuation-related topics</li></ul></li><li>Performing analytics on the global LH valuation results and related reporting for senior management</li><li>Representing CLR workstreams in internal Munich Re projects, such as in the context of IFRS17 / IFRS 9; in particular helping to bring the IFRS 17 deliveries into operational practice in the CLR Global Oversight function</li><li>Supporting or performing on-site valuation reviews in the international LH Re organisation</li><li>Developing and maintaining the working relationships with various interfaces throughout Munich Re, including the valuation teams in the IO, IRM, the Group actuarial function, FRR, RIC, RIA, CU and auditors</li></ul>Profile:<ul><li>Bachelor’s or master’s degree with a quantitative or technical background (e.g. in mathematics, physics, statistics, actuarial science or computer science)</li><li>Professional actuarial experience in life or health (re)insurance</li><li>Highly dedicated, motivated and results-driven</li><li>Ability to work collaboratively and effectively in a dynamic international group and a talent for managing interfaces and building networks</li><li>Strong conceptual, analytical and communication skills with an emphasis on practical application</li><li>Sound knowledge of IFRS 17 for life reinsurance business is desirable</li><li>Ability to be precise where necessary and pragmatic wherever appropriate</li><li>Very good command of spoken and written English</li></ul>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? Make it happen and be part of Munich Re.<ul><li>You will work in an environment where we think big: Change and culture are continuously role-modeled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning</li><li>You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders</li><li>We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn</li><li>You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working leveraging digitalization to deliver solutions</li><li>Join us, and experience that we lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged</li></ul>* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritised, if equally qualified.</div>

<div>The Centre of Competence Best Estimates & Pricing develops reinsurance pricing tools, methodology, and biometric assumptions for life and health business in Europe and Latin America. It also supports market pricing units on tailor-made reinsurance pricings, product development, and further reinsurance services. We excel in keeping actuarial assumptions and methods for life and health insurance up to date. We leverage our close cooperation with experts on markets, risk management, data, and medical science as well as with our international colleagues within Munich Re’s global life and health units. We provide the market teams with state-of-the-art infrastructure and standards for quantitative and qualitative assessments of R/I pricings for new business opportunities and the monitoring of our in-force portfolio. We thereby ensure essential support for our successful business development and quality assurance of our reinsurance portfolio.Offer:<ul><li>Deriving or approving biometric assumptions for disability, critical illness, and/or mortality business for reinsurance quotations or product development services</li><li>(Driving or) participating in agile projects and initiatives supporting our business strategy</li><li>Consulting and training of colleagues and cedents</li><li>Close collaboration with client pricing and business units, the expert units Integrated Analytics, Medical Research, Underwriting, and Claims as well as with the central units Corporate Underwriting and Valuation</li></ul>Profile:<ul><li>Very good degree in mathematics, actuarial science or a comparable qualification, membership in the DAV or a comparable foreign association of actuaries</li><li>Working experience in primary insurance or reinsurance is desirable</li><li>Very good analytical skills, ability to comprehend complex actuarial issues and explain to others</li><li>Creativity and ability to develop new solutions/concepts</li><li>High degree of entrepreneurial mindset, costumer orientation, responsibility, and motivation</li><li>Very good presentation and trainer skills</li><li>Very good knowledge of insurance modelling software AXIS, Prophet or similar is helpful</li><li>Experience with SQL database systems or C# development is helpful</li><li>Fluent in written and spoken English, basic command of German required; good command of French or Spanish is helpful</li></ul>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? Make it happen and be part of Munich Re.<ul><li>You will work in an environment where we think big: Change and culture are continuously role-modeled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning</li><li>You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders</li><li>We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn</li><li>You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working leveraging digitalization to deliver solutions</li><li>Join us, and experience that we lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged</li></ul>* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritised, if equally qualified.</div>

<div>The division Munich Re Markets has a global mandate for a wide range of business, starting with capital market solutions deploying our own hedging platform, continuing with special structures of Life reinsurance and not ending with Epidemic Risk Solutions for both Life and Nonlife risks. The environment is both diverse and challenging!The section is responsible for a broad range of tasks around monitoring and reporting of this business, with divisional interfaces to the group’s risk management, reserving and controlling divisions as well as the legal risk carrier and others. Current challenges do also include the introduction of the standards IFRS 17 and IFRS 9, the latter of which is applicable to the larger part of our portfolio.Reporting duties are recurring, but the content is always different due to a variety of reasons and effects. Further to these duties, we shape our future by ultimately striving for the highest possible automation of our processes. A high degree of automation is required to scale up our business and, in the end, to enable the division to succeed with its ambition.Are you a self-motivated number cruncher with a passion for coding? Are you interested in working in a multinational and interdisciplinary team? Then a multitude of challenging tasks awaits you!Note: Along this staffing process, we are also considering changes in the internal task allocation. The tasks mentioned below describe some of the team’s general tasks, and the concrete allocation of challenges to the new holder of the open position will be determined along the staffing process. On the other hand, against this background there is both freedom and preparedness to consider your interests in the final decision and the final task allocation! Offer:<ul><li>A variety of reporting tasks; as per above, this could start with the monitoring of the capital market-dependant business in the hedging platform, continue with work around the implementation of IFRS 9/17, regular Solvency II reporting, creation of reports for the senior management / the risk carrier, or to deal with topics from the interfaces to reserving, controlling and annual planning</li><li>Driving automation further, i.e. detect and close gaps by fixing existing or developing new code (we essentially use R & SQL)</li><li>Contributing to other tasks of the team, such as the overarching quality assurance and processes around internal and external audit</li></ul>Profile:<ul><li>University degree in (actuarial/finance) mathematics, physics or informatics; ongoing or completed training for fellowship in an actuarial society is considered an asset</li><li>Very good skills in R (e.g., the data.table package) & SQL, with JAVA being an advantage</li><li>At least 3 years of experience in (re-)insurance (Life or Nonlife), investment banking, consultancy or in related areas, ideally with some knowledge in valuation models, IFRS 9/17 and / or solvency standards</li><li>Experience in project work and, ideally, project management</li><li>Excellent analytical and conceptual skills</li><li>Fluent business English; German would be considered an advantage</li></ul> 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? Make it happen and be part of Munich Re.<ul><li>You will work in an environment where we think big: Change and culture are continuously role-modeled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning</li><li>You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders</li><li>We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn</li><li>You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working leveraging digitalization to deliver solutions</li><li>Join us, and experience that we lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged</li></ul> * Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritised, if equally qualified.</div>

<div>
Working Student / Intern Global Actuarial Property &amp; Casualty (m/f/x) 

About Swiss Re

The Swiss Re Group 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. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organised into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.


</div>
About the Role

We are looking for a working student or intern to join our Global Actuarial P&amp;C team in Munich. In this role, you will gain insights into the world of reinsurance and the work of our reserving actuaries. You will support a project to implement a tool for modelling large bodily injury claims. The tool will be used by Underwriters and Reserving Actuaries in several markets in Europe. 



About the Team

The Munich hub of the Global Actuarial Property &amp; Casualty team consists of 6 actuaries. We value a good team and collaborative spirit. We frequently interact with many stakeholders from different functions. Therefore, we value strong communication skills on top of technical expertise. Our team reserves all EMEA Motor treaty business. Additionally, we are responsible for reserving the Property and Accident &amp; Health business of Swiss Re Europe Branch Germany. 



About You

<ul>
	<li>Bachelor or Master Student (m/f/x), preferably in mathematics, statistics, actuarial science, or equivalent. </li>
	<li>You have strong analytical skills and are a fast learner.</li>
	<li>You're eager to learn about reinsurance.  </li>
	<li>You enjoy working in an international environment with people from diverse backgrounds. </li>
	<li>Good programming skills, preferably in R or Python. Experience working with version control is considered a plus.  </li>
	<li>Proficiency in MS Office applications. </li>
	<li>Fluency in English (written and spoken), German skills are a plus. </li>
</ul>





Duration: 3 – 4 months 

Working time: 20h/week as a working student or 38h/week as an intern. 

Preferable start date: As soon as possible



We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
<div>
 
Keywords:   
Reference Code: 115875 


</div>

About iptiQ

 

<div class="swissre_jobtemplate">
iptiQ is a risk tech start-up within Swiss Re Group. Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. 
 
iptiQ provides digital, bespoke and transparent L&amp;H and P&amp;C protection products in a B2B2C manner. Founded in 2014, we're transforming the way consumers buy insurance with a unique digital insurance engine which incorporates the latest technology with world-class underwriting capabilities. We build strong partnerships to sell insurance via trusted brands. 
 
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. iptiQ embraces 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. 

 

 

 

 
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<h2 style="text-align:justify">About the role</h2>

We are looking for the special actuary! 

 

As Motor actuary, you will have a unique and exciting opportunity to join a diverse and motivated team, committed to delivering value and innovative services together with our clients and partners in the primary insurance space.

 

You will be a member of the product management team where product managers and actuaries are working very close together or are even united in one person. You will be responsible for the motor pricing development of easy-to-understand insurance products suitable for digitalization for our focus markets Germany, Netherlands, Switzerland, Italy, Spain and Portugal. You will work closely in cross-functional teams evaluating key consumer needs to build a great customer experience using state-of-the-art technology solutions. While enabling attractive sales journeys, you will ensure robust underwriting, and work together with the claims team to ensure end-to-end automation capabilities. You will report to the Head Product Management DACH.

<h2 style="text-align:justify">Your responsibilities include:</h2>

<ul>
	<li style="text-align:justify">Generate pricing metrics for profitability management and benchmark analytics as well as partnership with the reserving department</li>
	<li style="text-align:justify">Create very modular tariffs with focus on motor enabling high flexibility on coverage and object bundles while keeping adverse selection risks under tight control</li>
	<li style="text-align:justify">Develop innovative and easy to understand P&amp;C products starting from our customers' perspective and in close collaboration with claims</li>
	<li style="text-align:justify">In case of limited claims data, define technical and commercial tariffs for newly developed products while also performing more sophisticated actuarial analysis (GLM and new methods) for bigger portfolios</li>
	<li style="text-align:justify">Continuously improve the selection and pricing of risks through the use of leading-edge pricing tools and models incl. predictive analytics</li>
	<li style="text-align:justify">Monitor market developments, evaluate upcoming consumer needs and perform competitor benchmarking to ensure adequate positioning of our products</li>
	<li style="text-align:justify">Be responsible for your own market and manage your product portfolio through continuous testing of different bundles, tariffs and sales journeys</li>
	<li style="text-align:justify">Participate in sales pitches and ideation workshops as part of a cross-functional team to onboard new distribution partners in your market</li>
</ul>

<h2 style="text-align:justify">About the team</h2>

We put the consumers' needs in the centre of what we do, aim to become a digital champion and believe in data-based learning. We use the Swiss Re network to access state of the art technologies and capabilities, combine it with local expertise and an innovative mind-set, constantly questioning current ways of offering insurance. Our aim is to drive the digitalisation of the P&amp;C insurance business in Europe as a white-label insurer working with trusted brands. We combine insurance know-how and e-commerce competencies, as well as the dynamic spirit of a start-up with the backing of Swiss Re.

 

Do you enjoy thinking ahead and identifying new opportunities or anticipate future challenges? Do you like driving sophisticated projects in an agile way? Join us today if you enjoy pushing borders and have a passion for the latest technologies!

<h2 style="text-align:justify">About you</h2>

<ul>
	<li style="text-align:justify">Fully qualified actuary with 3+ years of experience in motor retail pricing (experience with key software such as Earnix, Emblem is an advantage) in Continental Europe; experience in other P&amp;C lines is an advantage</li>
	<li style="text-align:justify">Expertise in statistical modelling and data analytics (Proficiency in modelling languages such as R, Python or similar) and comfortable learning and working with new software</li>
	<li style="text-align:justify">Technology minded with a clear view on how technology can be used for customer friendly underwriting and more attractive insurance products</li>
	<li style="text-align:justify">Creative and have many ideas how to improve the current market practices and enhancing the customer experience through simplified and transparent products</li>
	<li style="text-align:justify">Hands-on and independent working style embracing cross-functional teams and partnering with distribution partners from different industries and backgrounds</li>
	<li style="text-align:justify">Ambitious and able to demonstrate commercial competence when partnering with distributors and driving product innovation</li>
	<li style="text-align:justify">Clear and effective communication with internal and external business leaders</li>
	<li style="text-align:justify">Fluency in German and English; fluency in other EU languages is a plus</li>
</ul>

 

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

 

We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.
<div class="swissre_jobtemplate">
 
Keywords:   
Reference Code: 111217 

 
</div>

About iptiQ

<div class="swissre_jobtemplate">
 

<div class="swissre_jobtemplate">
Become a part of a growing and dynamic entrepreneurial team within the established Swiss Re Group. iptiQ is a start-up unit, established to provide innovative protection solutions directly to consumers. Our team delivers the coordination, infrastructure and competences that are key to driving forward this new business, working closely with our partners and clients. Our mission is to reduce the protection gap by simplifying life insurance and making it more accessible to people. Our motto is "now life is easier for everyone"! For us this means making life insurance easier to sell, to buy and to trust.

 

iptiQ EMEA is a Luxembourg based insurer with Branches in UK, Ireland, Germany, France and the Netherlands.
</div>

 

 

 

 
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About the Role

 

The Pricing team consists of 15 colleagues based across 5 locations in Europe with expansion plans. As a Pricing Actuary, reporting to the Head of Pricing, you will lead technical and actuarial aspects of the relationship with distribution partners in Germany. You will become responsible for the pricing, referral and final sign-off for existing and newly developed insurance products. You will prepare customer premium rates and ensure that the agreed rates are correctly implemented in the respective administration systems. 
It will also be your responsibility to prepare and maintain the pricing assumption basis for direct German business. You support the sales team in the business performance steering and client management. Working with our tight-knit cross functional teams you will liaise with various experts including Product Development, Underwriting, Finance, Operations, Valuation and Risk Management.

 

You will be required to have in-depth knowledge of the German protection market. Including awareness of the legal and regulatory framework. In addition, you will review pricing work performed by other pricing actuaries for other markets across EMEA.

 

Your main responsibilities will be to:

 

 

<ul>
	<li style="text-align:justify">Deliver pricing, referral and final sign-off of German protection products (Term, Disability, Funeral and associated rider benefits) balancing commercial and customer value</li>
	<li style="text-align:justify">Evaluate commercial agreements</li>
	<li style="text-align:justify">Contribute to product development and design with a strong focus on risk management</li>
	<li style="text-align:justify">Develop and maintain costing tools/models</li>
	<li style="text-align:justify">Specify and test products</li>
	<li style="text-align:justify">Monitor the portfolio, distribution contract reviews etc.</li>
</ul>

 

We expect you to be:

 

<ul>
	<li style="text-align:justify">A qualified Actuary with experience in Life &amp; Health pricing in the German market including use of cashflow pricing models</li>
	<li style="text-align:justify">Deeply knowledgeable about life insurance and know how to technically implement solutions and products</li>
	<li style="text-align:justify">Client centric with experience working with external clients/distributors</li>
	<li style="text-align:justify">Fluent in German and English with excellent oral and written communication skills (other main European languages are an advantage)</li>
	<li style="text-align:justify">Proficient in MS Excel</li>
	<li style="text-align:justify">A team player who is passionate about the success of the business and comfortable in a dynamic and fast-moving environment</li>
	<li style="text-align:justify">Able to present complex topics clearly with confidence to a variety of stakeholders</li>
	<li style="text-align:justify">Self-motivated with an ability to work under pressure</li>
</ul>

 

You are:

 

 

<ul>
	<li style="text-align:justify">Able to show integrity and consumer awareness</li>
	<li style="text-align:justify">Enthusiastic about working with international colleagues in a multi-cultural environment</li>
	<li style="text-align:justify">Comfortable handling multiple deliverables and re-prioritisation</li>
	<li style="text-align:justify">Collaborative, engaging and positive</li>
	<li style="text-align:justify">A fast learner able to grasp complex processes and projects.</li>
	<li style="text-align:justify">Willing to actively engage in discussions and voice opinions</li>
	<li style="text-align:justify">Committed to quality and accuracy</li>
</ul>

 

Programming experience in R and/or VBA is beneficial. 

 

This role is available full or part time. Flexible working is a key part of the iptiQ culture.

 

We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your tasks. 
 
We provide feedback to all applicants. 
 
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Keywords:   
Reference Code: 109033 

 
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