Actuarial Intern, Central Life Reserving (Modelling)

Munich Re Group is one of the world's leading providers of reinsurance. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high-net worth individuals to pandemics, we take care of risks so our clients can take care of their businesses.

This is an exciting and challenging opportunity for junior talent to join our Central Life Reserving (CLR) Global Functional Leaders (GFL) Support and Business Process Management (BPM) Team as an Actuarial Intern. You will support our activities in process optimization, automation, and governance enhancement. With the aim of improving transparency, efficiency, and governance across Life Health Re valuation-including cost management and valuation model governance-our team collaborates closely with other CLR teams, regional and local valuation teams, and various stakeholders to drive improvements in reserving.

We are seeking interns available for a full-time commitment from May to December 2026 only - please apply only if you can commit to this period.

Your Role

• Assist with data validation and preparation for experience study models and support technical modelling views for studies conducted by local teams.
• Assist in conducting univariate and multivariate analyses under guidance.
• Support valuation process information collection and analysis to identify inefficiencies and assist in summarizing findings.
• Support automation initiatives.
• Help prepare reports, templates, and dashboards to enhance valuation process transparency, efficiency, and KPI tracking
• Contribute to knowledge sharing initiatives and continuous improvement efforts.

Your Profile

• Proficiency in MS Excel with the ability to perform complex functions, and programming languages such as Python or R is an advantage
• Familiarity with LLM, Business Process Management, Power BI or Power Automate is a plus.
• Self-motivated and responsible individual who is proactive, adaptable, detail-oriented, and able to collaborate effectively in a team setting.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.