Actuarial Internship in Property
4 weeks ago
Company Overview: Munich Re stands as the premier reinsurance entity globally, engaging in a diverse array of insurance lines. With a workforce of approximately 42,000 across the globe, we merge primary insurance and reinsurance services seamlessly. Our focus is on addressing pressing societal issues that will shape the future, including climate change, large-scale construction, genetic advancements, and space exploration. Munich Re is at the forefront of transformative advancements in the non-life insurance sector, leveraging cutting-edge data science and engineering methodologies.
Internship Overview: As an integral member of Munich Re's APAC Marine Unit based in Singapore, you will play a crucial role in supporting the marine team with various initiatives, particularly the Marine Static Risk Register. You will collaborate closely with the Senior Actuary who will guide your daily responsibilities.
Key Responsibilities:
- Assist in the enhancement of the Marine Static Risk Register, which involves gathering, refining, and geocoding risk locations.
- Conduct research to gather industry statistics and insights that will aid in our ongoing projects and daily operations.
- Support actuarial functions including pricing strategies, portfolio analysis, and updates to rating tools.
- Contribute to tasks and projects led by the Senior Actuary within the APAC Marine team.
- Help prepare presentation materials for the Marine team for both internal and external audiences.
- Gain insights into the reinsurance and insurance sectors while engaging regularly with underwriters at Munich Re's Singapore office.
Candidate Profile:
- Currently pursuing a degree in actuarial science, mathematics, statistics, economics, finance, or a related quantitative field from a recognized institution.
- Prior experience with programming languages such as R and/or Python is advantageous.
- Demonstrated ability to work both independently and collaboratively within a team environment.
- Strong desire to learn and adapt to new tools and technologies.
- Willingness to challenge oneself and step outside of comfort zones.
- Proficient in English, with strong verbal and written communication skills.
At Munich Re, we celebrate and appreciate the richness brought by diverse backgrounds, experiences, and perspectives. This diversity is the cornerstone of our open culture and collaborative spirit, shaping how our teams are formed, nurtured, and developed.
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