Position Overview
Munich Re departments where Actuarial Associates may be recruited, include:
Biometric Research:
As part of the Biometric Research team, you will help with the completion of experience studies and assumption development for different lines of business (Life, Critical Illness, Disability, Long Term Care). You will also assist with assumption-setting for new business and inforce pricing quotes and researching various aspects of biometric risks. Associates can expect to gain valuable skills through working with large datasets, balancing multiple projects and learning from industry experts.
Corporate Actuarial:
This team is responsible for providing the financial results of the Life & Health business in Canada and the Caribbean. You’ll collaborate with many different functions across the company, to provide expertise and set assumptions for calculating policy liabilities. Associates build and manage complex actuarial models, learn the details of current and upcoming regulations, perform analysis of the business, and work closely with other departments to invent creative solutions.
Global Actuarial Consulting Group (GACG):
GACG provides actuarial consulting services to various departments and business units within Munich Re globally. Along with exposure to diverse and high-impact projects, this team offers a platform to develop a strong technical foundation, as well as a holistic viewpoint of our global business. As an Associate, you can expect to balance multiple projects, while learning from a dynamic group of qualifying actuaries and seasoned experts.
Individual or Group Reinsurance Solutions (Pricing):
The focus of these teams is on acquiring and maintaining new business through fostering strong client relations, developing innovative solutions, and evaluating product profitability. As an Associate, you’ll be challenged to understand key drivers in profitability due to changes in assumptions, reinsurance agreements, industry trends, and product design. You’ll have the opportunity to work on high-impact projects including developing client strategies, reporting profitability to senior management, market research, and quoting on special business.
Note that all opportunities will be based in our Toronto office. Note that departments will be assigned based on a combination of factors, such as: your interest, skill set, and business need.
Qualifications
First and foremost, you demonstrate a natural desire to provide exceptional client service through your energy, enthusiasm, and initiative. Specifically, we’re looking for the following qualifications:
Required:
Preferred:
Note that this opportunity is open to both graduating students, as well as recent graduates who have obtained their degree within the past year
About Munich Re Follow UsActuarial Associate, Life & Health (2026 Permanent - Toronto) • Canada (Life), Toronto
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