Actuarial Intern

Actuarial Intern

Company: Munich Re America

Location: New York, United States

Actuarial Intern – Summer 2025

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company:

Munich Re Specialty North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders, and insurtech partners. Products include property, casualty, professional liability, and other specialty insurance solutions.

Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise, and innovative approaches to complex and evolving risks.

The Opportunity:

The Actuarial intern will work closely with an assigned mentor on a specific project, collaborating with actuaries, corporate underwriters, and business units to develop a comprehensive understanding of the fundamental operation of an insurance carrier. The intern will attain basic coverage and pricing knowledge of the E&S insurance.

Responsibilities:

• Conduct research and collect external data to bolster actuarial analysis.
• Collect, clean, and analyze underlying insurance data.
• Collaborate with underwriting, actuarial, loss control, claims, and the brokerage community to gain understanding and knowledge of the habitational industry.
• Work with the pricing actuary to form an opinion on the risk.

Job Requirements:

• Preferred Major: Actuarial Science
• Accepted Major: Mathematics, Statistics
• Grade Level: Sophomore – Senior undergraduates and master’s students
• Self-motivated and able to work within a team environment, outcome-focused.
• Strong communication skills (both written and oral).
• Excellent technical and analytical skills, logical and concise in approach, and demonstrate attention to detail.
• Ability and desire to learn and adapt quickly to a change and fast-paced environment.
• Computer Skills: Excel, SQL, Python, PowerBI

This role will be based in Princeton or NYC. The base range for this internship in NYC will be $21 - $30 per hour. Factors that may be used to determine your actual rate will include your specific skills, how many years of experience you have, and comparison to other employees already in this role.

At Munich Re, we see Diversity, Equity, and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work.

We strive to provide a workplace where all of our colleagues feel respected, valued, and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.