Careers at Munich Re, Canada (Life)

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    Build your future – with a global leader who will help you activate your full potential

    At Munich Re, you'll join a deeply talented, diverse network of colleagues. You’ll engage with your team in building innovative solutions – to make the world act braver and better.

    Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. We offer our employees a diverse and challenging work environment that champions high performance, professional development, innovation and passion; and rewards top performers with a highly competitive total rewards package.

    As the world's leading reinsurance company with 40,000 employees at over 50 locations in all parts of the world, Munich Re introduces a paradigm shift in the way you think about insurance. Munich Re, Canada (Life) is the market leader in Life and Health reinsurance for Individual and Group business lines serving Canada and the Caribbean for over 50 years. We provide a unique opportunity to be part of a global success story.

    We continuously strive to expand our strong position in the market, and we are always looking for highly qualified and dedicated staff. Our culture values performance and nurtures mutual respect and trust – all of which make sharing and expanding knowledge a great experience. And, it helps Munich Re maintain its competitive edge.

    diverse collaborative global
    network of people
    sites across six continents

    Join us and work on topics today that will impact society tomorrow.

    You are an expert, passionate about your field and curious to explore new horizons. As a team player with excellent communication skills, you thrive in diverse settings. Sounds like you? Make it happen and be part of Munich Re

    Turn expertise into excellence: The power of networked knowledge

    Career development

    To unlock your potential, activate it. Push boundaries. With us.

    From the first day with Munich Re, you'll work in a team environment that is actively committed to accelerating your potential and career growth. Our career development programs help you grow your skills, gain experience and expand your horizons.

    Our learning and development strategy requires that our employees take an active role in managing their own career. It is part of our commitment to employees to continue to provide opportunities that allow our employees to expand on their personal and professional growth. Typical program offerings include presentation skills, business writing, organizational tools, project management, among others.
    Munich Re is a high performance organization, encouraging continuous development and rewarding employees who perform at high levels. Our performance management process is a collaborative practice in which you and your manager establish performance goals that support both the business and your individual development, as well as assist in your personal growth.
    We value leadership at every level and we expect our employees to act as business leaders – always! Our leaders focus on growing themselves, their people and the organization. Leadership opportunities are frequently presented to individuals at all levels throughout the organization, combined with training and coaching to ensure employees have the leadership tools they need to succeed.
    We encourage studies that will be mutually beneficial to the employee and the Company. While outside courses and designations do not guarantee advancement, education can be an important factor to the employee’s progress. Eligible full-time employees can receive financial assistance for approved courses and materials taken at accredited institutions, including classes which lead to industry designations.
    Our Actuarial Study Program is designed attract, develop and retain the top actuarial talent in the industry and contribute to the continual development and overall success of employees. We achieve this through the recognition and reward for individuals having passed actuarial exams and obtaining Actuarial designations. For eligible employees, we offer exam registration reimbursement, study hours, bonuses and salary increases for passing actuarial exams and for achieving an Actuarial designation. Eligibility for the program is determined by Human Resources and is open only to those who demonstrate a serious commitment to this professional designation and who are engaged in actuarial work for us.

    Graduates and students

    Munich Re, Canada (Life)’s well-established Campus Recruitment are the perfect launchpad to a great career. Duration, assignments, rotation and mentorship are all designed to maximize your career options. We hire on a term based cycle year-round; Winter, Summer, Fall. Take the first step and unlock your future!

    Our co-op placements provide you with an excellent opportunity to apply your classroom and technical training to real-life work experiences. Our co-op assignments will introduce you to the reinsurance industry and provide you with a solid foundation to develop into future leaders.

    Internship opportunities are typically available in the following business functions:

    Actuarial Science

    • Biometric Research
    • Corporate Actuarial    
    • Group Reinsurance  
    • Individual Reinsurance

    Data Science


    Human Resources

    From your first day, you will participate in a variety of projects that have real impact on the future of our organization. As such, we are committed to supporting you with a program that focuses on strengthening your professional and personal skills during your time with us. Eligibility and criteria 

    We seek students who are dedicated to stretching their capabilities and realizing their potential. We are looking for well-rounded, energetic, and talented students who possess the following criteria:

    • Registered in a Co-op or Internship program at a University, as well as recent graduates who have obtained their degree within the past year
    • Majoring in actuarial science, statistics, mathematics, economics, accounting, finance, business administration, human resources or related field
    • Participation in extracurricular activities
    • Demonstrated leadership abilities
    • Excellent communications skills; both verbal and written
    • Interest and willingness to learn a variety of new information at a fast pace

    We are frequently on universities across Canada and look forward to getting to know our student talent in person. Come and get to know us at one of our upcoming campus events!*

    If you are a student who would like to learn more about a scheduled event at your college/university, please contact your Career Services office. 

    Recruiting timetable
    Co-op opportunities are typically posted four months in advance of the work term (i.e. Summer work term roles are posted in January). In addition to our Career Site, we also post our roles with a number of Universities through Canada. We have a limited number of roles each term in Actuarial Science, Accounting and at times, Human Resources for each term; Winter, Summer, Fall.

    Please note: changing business needs may alter our recruiting schedule. 
    Getting to know our student talent in a new way
    *In these unprecedented circumstances, we are adapting our approach to meeting our student talent from in person to a virtual format. Any information or recruitment sessions will be conducted over our digital platforms.

    Each year we have a limited number of full time Actuarial positions available for graduating students. These positions provide an excellent opportunity for students looking to launch their career in a competitive and fast paced industry. Please visit our Job search page for available positions near August of each year. 

    Eligibility and criteria 
    For our 2018 New Graduate hiring cycle, students must be completing an Actuarial Science, Mathematics or Statistics degree program, intending to graduate in August 2017, December 2017 or April 2018. Individuals having graduated before these dates should review our current positions available within Professional Opportunities. In addition, we generally look for the following qualifications:

    • Recent ASA or progressing towards attainment of ASA
    • 0-3 years experience in the Canadian Life and Health insurance/reinsurance industry (Co-op terms and internships included)
    • Participation in extracurricular activities
    • Demonstrated leadership abilities
    • Excellent communications skills; both verbal and written
    • Interest and willingness to learn a variety of new information at a fast pace.

    Recruiting timetable
    Our new graduate recruitment cycle takes place in the Fall of each year, with available positions posted on our Careers page in August. We conduct a round of on-campus interviews throughout September, and invite a select number of candidates to an on-site interview in our Toronto office.* Final offers are usually presented in late September or early October. Successful candidates would then begin their role with us throughout the following year. 

    Please note: changing business needs may alter our recruiting schedule. 
    Fostering excellence through training in a new way
    *In these unprecedented circumstances, we are adapting our approach to meeting prospective candidates from in person to a virtual format where any and all stages of the interview process will be conducted digitally.
    Originating in 2015, the Munich Re Cup began as a Canada-wide actuarial business case competition and is now the premier actuarial case competition open to students in Canada and the United States.

    Apply now!

    Working at Munich Re is more than a career. It’s an invitation to tackle some of the world’s most pressing challenges. Together we create solutions that move humanity forward.