Actuarial Intern, US Life, New York)

Location: New York, NY

Anticipated Start Date: Summer 2027

About the Role

Munich Re offers an opportunity to make an impact from day one as an Actuarial Intern. You will work alongside experienced professionals, gain exposure to the dynamic world of reinsurance, and contribute to solutions that help clients navigate an increasingly complex risk landscape. This is an immersive experience designed to bridge the gap between the classroom and the real world of reinsurance.

Key Responsibilities

• Work on business-critical projects with measurable impact.
• Partner with experienced actuaries and actuarial associates.
• Learn directly from industry leaders and senior executives.
• Collaborate with fellow interns on a capstone project.
• Gain exposure to multiple actuarial functions across the organization.
• Build the technical and professional skills that will help accelerate your actuarial career.

Departmental Placements

• Biometric Research:
• Support experience studies across Life, Longevity, and Long-Term Care business lines.
• Analyze mortality and persistency trends affecting insurers and consumers.
• Explore demographic and population-level insights shaping the future of the industry.
• Work with large datasets to identify emerging patterns and risks.
• Contribute to quote reviews and research initiatives that support client solutions.
• Corporate Actuarial:
• Help develop assumptions used in policy liability calculations.
• Support financial reporting for US Life & Health business.
• Build and maintain complex actuarial models.
• Analyze regulatory developments and their business implications.
• Collaborate across functions to solve complex business challenges.
• Pricing (Individual Life Flow, Inforce & M&A, Alternative Solutions, Group, Living Benefits and Financial Reinsurance):
• Evaluate profitability of new and existing business opportunities.
• Analyze the impact of assumptions, product design, and market trends.
• Develop client-focused solutions and growth strategies.
• Build pricing and projection models.
• Conduct market research and support reinsurance quotations.
• Contribute to high-impact transactions and innovative product solutions.

Requirements & Tech Stack

• Microsoft Excel (proficient skills)

Qualifications

• Currently pursuing an Undergraduate or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing.
• Successful completion of one SOA 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.
• Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment.
• Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive.
• Preference for candidates who have relevant work experience (in actuarial, insurance, or financial services desired).
• Expected to relocate to the greater New York area for a hybrid working model (at least 3 days a week in office).

Base hourly range: $30 - $35 per hour.