Munich Re – Business Development Representative (Underwriting), Toronto – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Fri, 21 Feb 2025 02:01:56 GMT

Job description: HSB Canada, part of Munich Re, is Canada’s premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging and technology-based risks. We dare to think big and we are continuously innovating on behalf of our clients. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.HSB is much more! It’s insurance. Engineering. Technology. To learn more about us, please visit:Primary objectives:To be the product expert in the market, you’ll deliver innovative and visionary risk solutions while ensuring the highest level of client satisfaction. Your role will involve attracting new clients and retaining existing ones to expand your portfolio. You will provide prompt and professional service by engaging with brokers and treaty partners, managing new accounts and renewals. Additionally, you will serve as a HSB representative at industry events, conferences, and associations, strengthening our network. As a member of our Canadian business development team, you will be entrusted with a territory and will be entitled to a company car.Responsibilities:

  • Promote new products and develop sales strategies for various sectors of activity.
  • Drive profitable growth and ensure the retention of business volume.
  • Apply well-organized time and territory management to the assigned geographic region.
  • Engage with client companies and brokers at multiple levels to ensure exceptional service and drive business development.
  • Negotiate and communicate renewal terms, while actively pursuing and cultivating new business opportunities.
  • Educate our clients through seminars and distribution of marketing materials.
  • Monitor transactions to achieve sales and growth objectives.

Qualifications:

  • University degree or college diploma.
  • CIP designation or currently enrolled in the CIP program.
  • 4+ of experience in property and casualty insurance, with a focus on underwriting.
  • Proven expertise in sales/marketing and client relationship management.
  • Valid driver’s license
  • Proficiency in MS office, Strong presentation skills and practiced negotiation abilities.
  • Experience in work planning, time and territory management.
  • Technical knowledge or a genuine interest in the field is an asset.

Company Benefits:Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

  • An engaging and collaborative environment that promotes continuous learning and development
  • A hybrid work environment that combines weekly in-office and remote days
  • A great compensation package including an annual company bonus
  • Competitive company-paid flexible health and dental benefits, starting on your first day
  • Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
  • Wellness program with tools and resources supporting your mental, physical, and financial wellbeing – on and off the job
  • Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
  • Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
  • Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
  • Employee Referral Program and Recognition Program

HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact hr@hsb.ca as soon as practical so that suitable accommodations can be arranged.We thank all candidates for their interest; however only those selected for interview will be contacted.

Munich Re – AVP, Legal, Privacy & Compliance – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Sun, 09 Feb 2025 03:47:18 GMT

Job description: About Munich ReTogether, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.Position Overview

  • Responsible for compliance with all applicable federal and provincial laws and regulations
  • Manage compliance with OSFI’s regulatory compliance management framework including Solvency II
  • Identify and communicate legal, compliance regulatory and privacy changes (the Office of the Superintendent of Financial Institutions (OSFI), the Office of the Privacy Commissioner of Canada (OPC), Supervisory Authority in Germany (BaFin), Canadian Provincial privacy regulators, etc.,)
  • Collaborate and negotiate with Regional Compliance Manager (RCM) / Group Compliance & Legal (GCL)
  • Support the Chief Compliance Officer, Chief Privacy Officer, Chief Anti-Money Laundering Officer and VP North American Enterprise Risk Management (Non-Financial Risk)
  • Perform compliance due diligence, treaty reviews, and contract reviews to support Business Owners
  • Participate in industry privacy and compliance working groups
  • Manage Compliance staff and their development

Responsibilities:Canadian Regulatory Compliance

  • Manage adherence with OSFI compliance guidelines (E-13, E-4, B-3, B-10, Corporate Governance, etc.,)
  • Oversee adherence with financial sanctions screening per the Proceeds of Crime Money Laundering Act
  • Maintain corporate records and complete annual compliance regulatory filings
  • Implement local policies and procedures to strengthen the regulatory control environment
  • Implement new processes to comply with changes to legal, compliance and privacy legislation
  • Monitor development and implementation of laws and regulations, recommend appropriate action to ensure compliance, and advise management

Munich Re Group Compliance

  • Manage the Compliance Management System, Compliance Plan, Annual Compliance Report, and Compliance Risk Assessment to comply with GCL requirements
  • Promptly report Compliance incidents to GCL and resolve matters locally
  • Fulfil activities defined in the co-operation agreement with the Regional Compliance Manager
  • Implement Group mandatory trainings, policies and guidelines, reports as well as new applications
  • Actively promote a positive Compliance culture and act as a point of contact on regulatory matters, providing compliance advice to Business Owners
  • Lead strategic compliance initiatives to ensure effective corporate governance

Treaty and Contract Review

  • Liaise with the business to ensure regular upkeep and management of the treaty template
  • Ensure adherence to treaty guidelines and support business in treaty negotiations
  • Ensure proper adherence to the contract review process

Risk Management, Cyber & Privacy

  • Lead and document investigations related to fraud, data breaches and compliance related matters
  • Promptly report and communicate cyber incidents and/or privacy matters to the appropriate regulators
  • Oversee privacy data incidents, ensure appropriate risk assessments and documentation
  • Develop and present privacy and compliance education for annual mandatory employee training
  • Work collaboratively with stakeholders on environmental, social and governance (ESG) compliance??

Relationship Management

  • Liaise with legal counsel and MROC and MARC
  • Manage relationships with external legal advisors
  • Manage governance requests from external auditors and related financial regulatory reporting
  • Review and negotiate contract terms with clients and vendors
  • Preparation of legal documents
  • Perform due diligence reviews and support Business Owners to minimize risk exposure
  • Support OSFI Relationship Manager with co-ordination of on-site reviews, calls and any requests
  • Liaise with all regulatory bodies as required (OSFI, OPC, AMF, CAI, FSRA, etc.,) and fulfill requests
  • Manage ad-hoc requests from Business Owners and ensure timely delivery

Qualifications:

  • 5 years + of relevant experience, with preference for candidates with experience in life insurance or life reinsurance
  • Member in good standing of the Law Society
  • Demonstrated ability to understand, interpret, and apply regulatory and legislative guidelines
  • Superior communication skills (including documentation and formal presentations)
  • Project management skills and experience
  • Advanced problem solving and organizational skills
  • Business acumen coupled with strong interpersonal and influencing skills

What Can We Offer You?We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

  • An engaging and collaborative environment that promotes continuous learning and development
  • A hybrid work environment that combines weekly in-office and remote days with Meeting-Free lunch hours and Focus Friday afternoons
  • A great compensation package including annual company bonus
  • Market leading company-paid flexible health and dental benefits, starting on your first day
  • Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
  • Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus optional company match
  • Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
  • Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
  • Maternity, Parental & Adoption Leave top-up program
  • Employee Referral Program, Recognition & Rewards Platform

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.Munich Re is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.

Munich Re – Inspector – Equipment Loss Prevention & Control (Western Canada-BC/AB) – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 12 Dec 2024 01:50:33 GMT

Job description: HSB Canada, part of Munich Re, is Canada’s premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging and technology-based risks. We dare to think big and we are continuously innovating on behalf of our clients. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.HSB is much more! It’s insurance. Engineering. Technology. To learn more about us, please visit:Primary Objectives:HSB Canada, North America’s leading specialty insurer, is currently seeking an experienced professional to join our team of field experts as an Inspector – Equipment Loss Prevention and Control servicing the provinces of Alberta & British Colombia.Working within these provinces, you will identify and quantify areas of equipment-based risk, including potential areas of improvement and share this expertise effectively both internally and with our client base. You will maintain relationships with clients and colleagues with a focus on risk reduction and delivery of superior customer service to our clients. This position is home-based with a company vehicle provided.Travel Requirement:This remote position requires frequent and extensive travel to various locations across Alberta and British Columbia, with the successful candidate expected to spend a significant amount of time visiting clients on the road, including up to 50% of travel requiring overnight stays and/or flights.Job Responsibilities:

  • Provide equipment breakdown loss prevention expertise by conducting routine inspections, risk re-evaluations, claims investigations, and other related responsibilities as assigned.
  • Conduct evaluations on commercial and industrial locations with equipment ranging from HVAC to boilers/pressure vessels and production equipment.
  • Manage a territory and cost-effectively meet productivity goals.
  • Work towards the continual improvement of HSB Canada’s portfolio.

Qualifications:

  • Post-secondary technical education.
  • At least 3-5 years of maintenance/operations experience including boilers/pressure vessels, refrigeration and production equipment.
  • Background in Marine, Mechanical or Stationary Engineering is recommended
  • Knowledge of ASME code (boilers and pressure vessels) is an asset, but not compulsory.
  • Background in insurance is welcome
  • Strong oral, written communications and computer skills (including report writing).
  • Self-motivated with good organizational skills.
  • Valid driver’s license, and ability to travel.
  • Excellent presence and commitment to Dedication to exceptional client service.

Company Benefits:Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

  • An engaging and collaborative environment that promotes continuous learning and development
  • A hybrid work environment that combines weekly in-office and remote days
  • A great compensation package including an annual company bonus
  • Competitive company-paid flexible health and dental benefits, starting on your first day
  • Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
  • Wellness program with tools and resources supporting your mental, physical, and financial wellbeing – on and off the job
  • Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
  • Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
  • Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
  • Employee Referral Program and Recognition Program

HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact hr@hsb.ca as soon as practical so that suitable accommodations can be arranged.We thank all candidates for their interest; however only those selected for interview will be contacted.

Munich Re – Actuarial Co-op, Property & Casualty Pricing; 2025 Fall – Toronto, 8 months – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 04:21:47 GMT

Job description: POSITION: Actuarial Co-op, Property & Casualty Pricing (2025 Fall – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: September 2, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration.Position OverviewYou’ll work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization in Pricing and Reserving, in our Toronto office.Note that this opportunity is with Munich Reinsurance Company of Canada, a property and casualty reinsurer subsidiary of Munich Re.Job ResponsibilitiesWork term responsibilities will vary depending on the department you’re placed; which may include, but not be limited to the following:Underwriting Pricing

  • Assist in improving reinsurance pricing tools;
  • Support with reinsurance benchmark rate study;
  • Participate in setting of Key Performance Indicators (KPI) and other assumptions;
  • Assist in reinsurance treaty pricing;
  • Monitoring existing Managing General Agents (MGA) business and evaluating new MGA business opportunities;
  • Support with facultative, single risks, and MGA pricing as required;
  • Development of the monitoring report;
  • Provide additional support in other actuarial areas, as needed.

QualificationsFirst and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships. We’re seeking collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.Specifically, we’re looking for the following qualifications:

  • Currently pursuing an undergraduate degree in Actuarial Science, Math, or Statistics, or equivalent program – in healthy academic standing;
  • Successful completion of one CAS exam (with two or more preferred)
  • Excellent communication skills – spoken & written, formal/informal presentation;
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
  • Effective working both independently and as part of a greater team;
  • Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment;
  • Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
  • Proficient in Microsoft Office Suite, as well as experience with spreadsheet and database applications;
  • Exposure to VBA is considered an asset;
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.Note that only candidates who are selected for interview will be contacted directly.
Thank you for your interest in joining Munich Re.

Munich Re – Actuarial Co-op, Property & Casualty Risk; 2025 Summer – Toronto, 8 months – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 06:06:21 GMT

Job description: POSITION: Actuarial Co-op, Property & Casualty Risk (2025 Summer – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: May 5, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration. In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re.Position Overview
You’ll work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization in Pricing, Risk Management and Reserving, in our Toronto office.Note that this opportunity is with Munich Reinsurance Company of Canada, a property and casualty reinsurer subsidiary of Munich Re.Job Responsibilities
Work term responsibilities may include, but are not limited to the following:Risk Management

  • Assist in the Own Risk Solvency Assessment processes;
  • Assist with the Financial Condition Testing analyses and the assessment of an internal target ratio;
  • Support the preparation and quantification of quarterly risk report capital analyses of the primary and reinsurance units;
  • Support the operational risk and control assessment process;
  • Provide support in fulfilling regulatory and group reporting requirements;
  • Provide additional support in other actuarial areas, as needed.

Qualifications
First and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships. We’re seeking collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.Specifically, we’re looking for the following qualifications:

  • Currently pursuing an undergraduate degree in Actuarial Science, Math, or Statistics, or equivalent program – in healthy academic standing;
  • Excellent communication skills – spoken & written, formal/informal presentation;
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
  • Effective working both independently and as part of a greater team;
  • Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment;
  • Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
  • Proficient in Microsoft Office Suite, as well as experience with spreadsheet and database applications;
  • Exposure to VBA is considered an asset;
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.Note that only candidates who are selected for interview will be contacted directly.
Thank you for your interest in joining Munich Re.

Munich Re – Underwriting Support Co-op; 2025 Summer – Toronto, 8 months – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 00:23:55 GMT

Job description: POSITION: Underwriting Support Co-op (2025 Summer – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: May 5, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration. In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re.Position Overview
Working with underwriting professionals, you will be assigned a variety of responsibilities based on demand and interest with a focus on developing essential skills and competencies while supporting Underwriters in the reinsurance industry.Job Responsibilities
Work term responsibilities include, but may not be limited to the following:Data and Reporting

  • Support data and reporting project lead through organization wide initiative;
  • Develop, manage and maintain data templates;
  • Execute data pulls from enterprise business intelligence tools;
  • Develop dashboards intended for mass consumption;
  • Update and manage access control groupings;
  • Prepare and edit project related presentations;
  • Co-ordinate across multiple stakeholder groups;
  • Document data and reporting processes with current process owners.

Treaty Underwriting

  • Assist property/casualty treaty underwriters in analyzing client submissions;
  • Collect and analyze industry data in order to identify market patterns and trends;
  • Prepare reports as may be required in Excel, Word and PowerPoint formats;
  • Assist with reviewing policy wordings;
  • Assist department underwriters and managers, as required.

QualificationsFirst and foremost, we’re looking for well-rounded individuals who are professional, have great communication skills, and demonstrate the ability to build strong relationships with both internal and external clients. You’ll be joining an energetic and goal-oriented team that uses a collaborative approach to working within all areas of the company, and focuses on achieving the greater objectives of Munich Re.Specifically, we’re looking for the following qualifications:

  • Currently pursuing an undergraduate degree in Data Analytics, Business Administration/Commerce, Economics, Computer Science, or equivalent program – and in healthy academic standing;
  • Excellent communication skills – spoken & written, formal/informal presentation;
  • Proficient in Microsoft Office Suite, particularly in: Excel, Word, PowerPoint, and SharePoint;
  • Data skills such as SQL, data visualization (i.e. PowerBI) and knowledge of databases are an asset
  • Mathematical aptitude;
  • Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment – particularly in relation to data entry;
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
  • Effective working both independently and as part of a greater team;
  • Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Note that this opportunity is open to both current students who will be returning to in-class studies upon the completion of the internship, as well as recent graduates who have obtained their undergraduate degree within the past year.Note that only candidates who are selected for interview will be contacted directly.
Thank you for your interest in joining Munich Re.

Munich Re – Underwriting Co-op; 2025 Summer – Toronto, 8 months – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Wed, 08 Jan 2025 23:28:09 GMT

Job description: POSITION: Underwriting Co-op (2025 Summer – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: May 5, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration. In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re.Position Overview
You’ll work closely with other Underwriters within their respective departments, as well as with other key individuals across the organization in our Toronto office.Job Responsibilities
Work term responsibilities may include, but are not limited to the following:Non-Facultative Underwriting (MROC)

  • Setup New Business for Casualty and Property Facultative underwriters;
  • Clear incoming hard copy & on-line mail;
  • Send renewal letters to clients;
  • Set-up certificates for underwriter approval;
  • Review facultative policy documents and wordings;
  • Assist property treaty underwriters in analyzing client submissions;
  • Request account information and follow-up for missing information;
  • Opportunity to attend luncheons with facultative UW & clients;
  • Investigate, follow-up, and contact clients regarding account discrepancies, payments, and other inquiries as necessary via email;
  • Investigate claims prior to making payment to clients;
  • Carry out research for client events, and promotional materials/products;
  • Prepare reports as may be required in Excel, Word, and PowerPoint formats;
  • Assist department underwriters and managers, as required.

Qualifications
First and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build strong relationships with internal and external clients. You’ll be joining an energetic and goal-oriented team that uses a collaborative approach who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.Specifically, we’re looking for the following qualifications:

  • Currently pursuing an undergraduate degree in Business Administration/Commerce, or equivalent program – with a focus on insurance and in healthy academic standing;
  • Excellent communication skills – spoken & written, formal/informal presentation;
  • Proficient in Microsoft Office Suite, particularly in: Excel, Word, and PowerPoint;
  • Mathematical aptitude;
  • Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment – particularly in relation to data entry;
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
  • Effective working both independently and as part of a greater team;
  • Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.Note that only candidates who are selected for interview will be contacted directly.
Thank you for your interest in joining Munich Re.

Munich Re – Actuarial Co-op, Property & Casualty Pricing; 2025 Fall – Toronto, 8 months – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 07:34:53 GMT

Job description: POSITION: Actuarial Co-op, Property & Casualty Pricing (2025 Fall – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: September 2, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration. In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re.Position Overview
You’ll work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization in Pricing, Risk Management and Reserving, in our Toronto office.Note that this opportunity is with Munich Reinsurance Company of Canada, a property and casualty reinsurer subsidiary of Munich Re.Job Responsibilities
Work term responsibilities may include, but are not limited to the following:Risk Management

  • Assist in the Own Risk Solvency Assessment processes;
  • Assist with the Financial Condition Testing analyses and the assessment of an internal target ratio;
  • Support the preparation and quantification of quarterly risk report capital analyses of the primary and reinsurance units;
  • Support the operational risk and control assessment process;
  • Provide support in fulfilling regulatory and group reporting requirements;
  • Provide additional support in other actuarial areas, as needed.

Qualifications
First and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships. We’re seeking collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.Specifically, we’re looking for the following qualifications:

  • Currently pursuing an undergraduate degree in Actuarial Science, Math, or Statistics, or equivalent program – in healthy academic standing;
  • Excellent communication skills – spoken & written, formal/informal presentation;
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
  • Effective working both independently and as part of a greater team;
  • Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment;
  • Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
  • Proficient in Microsoft Office Suite, as well as experience with spreadsheet and database applications;
  • Exposure to VBA is considered an asset;
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.Note that only candidates who are selected for interview will be contacted directly.
Thank you for your interest in joining Munich Re.

Munich Re – Actuarial Co-op, Property & Casualty Risk; 2025 Summer – Toronto, 8 months – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 06:41:55 GMT

Job description: POSITION: Actuarial Co-op, Property & Casualty Risk (2025 Summer – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: May 5, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration. In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re.Position Overview
You’ll work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization in Pricing, Risk Management and Reserving, in our Toronto office.Note that this opportunity is with Munich Reinsurance Company of Canada, a property and casualty reinsurer subsidiary of Munich Re.Job Responsibilities
Work term responsibilities may include, but are not limited to the following:Risk Management

  • Assist in the Own Risk Solvency Assessment processes;
  • Assist with the Financial Condition Testing analyses and the assessment of an internal target ratio;
  • Support the preparation and quantification of quarterly risk report capital analyses of the primary and reinsurance units;
  • Support the operational risk and control assessment process;
  • Provide support in fulfilling regulatory and group reporting requirements;
  • Provide additional support in other actuarial areas, as needed.

Qualifications
First and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships. We’re seeking collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.Specifically, we’re looking for the following qualifications:

  • Currently pursuing an undergraduate degree in Actuarial Science, Math, or Statistics, or equivalent program – in healthy academic standing;
  • Excellent communication skills – spoken & written, formal/informal presentation;
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
  • Effective working both independently and as part of a greater team;
  • Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment;
  • Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
  • Proficient in Microsoft Office Suite, as well as experience with spreadsheet and database applications;
  • Exposure to VBA is considered an asset;
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.Note that only candidates who are selected for interview will be contacted directly.
Thank you for your interest in joining Munich Re.

Munich Re – Data Science Co-op, NA Integrated Analytics (2025 Summer – Toronto, 4 Months) – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 06:59:35 GMT

Job description: POSITION: Data Science Co-op, NA Integrated Analytics (2025 Summer – Toronto, 4 Months)
LOCATION: Toronto, ON
DURATION: 4 Months
ANTICIPATED START DATE: May 2025Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.
How can ML promote longer and healthier lives? Armed with decades of risk data, novel data sources, and a team of innovative data scientists, engineers, and domain experts, Munich RE is building solutions that are transforming the life insurance industry.

  • Develop solutions that allow easier access to insurance and healthier lifestyles
  • Build highly scalable products with best security, ML, DevOps practices
  • Research bias and fairness, disease models, NLP & more
  • Discover diverse careers with leadership opportunities
  • Flexible remote/in-person work + focus on work-life balance
  • Be part of a fast-growing team that values transparency & diversity

Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be: coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 3 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op, so they can fully benefit from the full program integration. This provides a great opportunity to network, develop soft skills and become immersed within the greater Munich Re culture; including engaging with your team while in-office for face-to-face meetings, sharing meaningful moments, and allocating time to connect with your Manager.To learn more about the North American Integrated Analytics team, please visit our site: https://www.munichre.com/us-life/en/solutions/integrated-analytics.htmlTHE ROLE:
Responsibilities may include, but will not be limited to the following:

  • Supporting the development of statistical and machine learning techniques to assist with building models for underwriting, pricing, and claims management;
  • Assist in building and implementing solutions that enable operational units to improve quality and speed of core processes in order to generate incremental revenue or reduce expense;
  • Help research new ways of modeling data to unlock actionable insights or improve processes;
  • Collaborate across Munich Re functions to understand how analytics can influence business decisions;
  • Network with existing data science groups at Munich Re.

QUALIFICATIONS:We’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships with internal clients. We’re seeking energetic and collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the data science space.Specifically, we’re looking for the following qualifications:Technical:

  • Undergraduate or Graduate degree in Computer Science, Statistics, Data Science/Analytics, Applied Mathematics, Engineering (Physics, Bioinformatics) – or equivalent program offering coursework manipulating large datasets;
  • Familiarity working with analytics through the modeling lifecycle including gathering data, design, recommendations, testing, implementation, communication, and revisions;
  • Familiarity with advanced predictive analytic techniques;
  • Experience working with any of the following: SQL, Python, or R (familiarity with multiple languages considered an asset).

Behavioral:

  • Solid communication skills; spoken & written, formal/informal presentation;
  • Resourceful and able to learn quickly;
  • Proven ability to thrive in a dynamic environment.

Preferred (but not required):

  • Familiarity with big data technologies (ex: Apache Spark, +, etc) and deep learning models (such as tensorflow);
  • Previous exposure to insurance or financial services environment is preferred but not required.

Note that this opportunity is open to current students who are returning to in-class studies upon the completion of the internship.Please note that only candidates who are selected for interview will be contacted directly.We thank all candidates for their interest.Munich Re Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.