© Myrzik & Jarisch

A firm grounding for your career plans

The International Graduate Trainee Programme paves your way into a career in your field at one of our business units across the world.

Put theory into practice

Our International Graduate Trainee Programme is a fast-paced and exciting journey into one of the most varied and fascinating sectors out there – the world of reinsurance. As a trainee, you will experience the breadth and depth of a business that enables companies and individuals all over the world to pursue bold goals with confidence. 

As you rotate through departments, you will tackle real-world challenges in a supportive environment and with a global network of Munich Re experts at your finger tips. The programme is designed for maximum career impact. It takes you straight to the heart of your chosen career in insurance – as a risk analyst, underwriter, actuary, claims manager – or cyber, IoT or data analytics specialist. Focal points and training objectives vary from site to site and from business unit to business unit.

24 months
A challenging 24 months will reward you with the professional, methodological and social skills that enable you to assume a position of responsibility at Munich Re.
3 training modules
We believe in networking and sharing knowledge. In three two-week training modules you will meet and work with trainees from all over the world while growing your reinsurance know-how.
1 international assignment
We open doors and horizons. The programme takes you abroad to one of our 50+ offices around the globe. A perfect opportunity to rapidly grow an international network. You choose the location from options available in your business unit.
As a trainee, you get plenty of learning opportunities collaborating with extremely supportive colleagues – this is something I wouldn’t trade for anything else.
Alex Neo
Munich Re Germany, Munich
International Graduate Trainee

The stepping stones to your professional success

International Graduate Trainee Programme
Duration: 24 months

Life experiences that boost your career

Meet our trainees

Our requirements in a nutshell

Academic background
- Strong analytical ability and a degree with an above-average grade (Bachelor, Master, PhD) in mathematics, statistics, risk management, economics, law or another relevant field

- Some initial work experience
Personal skills & dedication
- Strong communication skills in English and preferably in at least one other language

- A team-player style, cross-border interdisciplinary competency and solution-oriented approach

- A global mindset, an appetite for lifelong learning and a desire to achieve in an international environment

Are we a match?

We appreciate your interest in our International Graduate Trainee Programme. The programme is available at various Munich Re sites across the world.
As availability may vary from one country to another, please read up on opportunities, programme requirements and both the application and selection process at each site, here:
Our International Graduate Trainee Programme is designed to prepare you for the many challenges in the reinsurance business. It lays the foundation for your career in one of the most multifaceted sectors out there.

Requirements

  • University degree with above-average grades
  • Internship experience, ideally in insurance or the financial services sector
  • Intercultural experience earned during a stay abroad of at least several months
  • Excellent English language skills and, ideally, knowledge of another foreign language 
  • Communication skills, analytical strength, empathy and willingness to learn

Selection process

After we have received your documents, we will invite you via email to complete an online test. Selected candidates will continue to the next step of the process. It consists of an interview, followed by an individual evaluation at our assessment centre. If your skills and personality are a good fit for us, we will discuss with you when you can start to work for us. As a rule, you can enter the programme at any time.

Application

Please apply for one of the jobs in our online job market and answer the questions asked there as accurately and thoroughly as possible.

We are seeking innovative and highly talented candidates for our Munich Re International Graduate Trainee Program, a scheme designed to attract recent college graduates and prepare them for future professional roles in the underwriting and actuarial fields.

If you are a strategic thinker, energetic, flexible and committed to excellence, you'll discover many exciting opportunities within the International Graduate Trainee Program at Munich Reinsurance America, Inc.

Requirements

  • Bachelor’s or Master’s degree in actuarial science, risk management, mathematics, statistics, economics, finance, accounting or business administration
  • GPA of 3.25 or higher 
  • Demonstrated leadership abilities in college or community activities
  • Prior internships (at least one internship with a meaningful degree of responsibility) 
  • Superior communication skills (oral and written)
  • Good interpersonal skills 
  • Willingness to work internationally
  • Preferred but not required:
  • Knowledge of other languages (basic knowledge of one foreign language or express willingness to learn a second language)
  • International experience (international internship, study abroad)
  • Please be aware that we require applicants from overseas to hold a valid work permit for the US

Selection process

The selection process involves several interview sessions.

Munich Re’s UK businesses take on only a small number of exceptional graduates each year within different business entities and divisions including; Actuarial, Finance, Claims and Underwriting. To maintain our leading position, we are selective about both technical aptitude and wider leadership skills.

The successful candidates join our two-year International Graduate Programme. The programme will prepare you for the diverse challenges of reinsurance business, and lay the foundations for your continued development in one of the most varied and fascinating industries.

What we expect

  • An above-average university degree (2:1 or higher)
  • Practical work experience, ideally in the insurance/financial industry, i.e. internship, part-time position, shadowing, volunteering 
  • Sense of responsibility and open mindedness proven by social activities and team work
  • Global mindset, i.e. keen to obtain international experience and a broader perspective 
  • Excellent English language skills and ideally another foreign language
  • Skills such as; Excellent communication ability, strong numerical and analytical skills, empathy and willingness to learn and a proficient user of Microsoft Office software

The application process involves three stages; completion and submission of an application form online (within 4-7 days you will receive a link to complete our online ability test, once received you have 6 days to complete otherwise your application will not be accepted), a one-day assessment centre and a second-stage interview with the recruiting manager.

Disciplines recruited from include; actuarial or other numerical degrees, business studies, economics, law or accounting/finance related degrees.

What we offer you

  • Competitive salary
  • Competitive and supportive study policy
  • Non-contributory pension
  • Private healthcare 
  • Travel insurance
  • Discretionary bonus
  • 25 days holiday
  • Travel ticket subsidy/leisure scheme/employee discunts 
  • Flexible benefits options

Simple steps for a successful application

The more pertinent your application is, the better your chances of success. Have you found a position on our website that matches your profile? Do the requirements correspond to your experience? Does the task reflect your professional expectations and goals? If so, then we look forward to receiving your application.

For positions in the UK, we prefer an online application so that your documents are examined and processed promptly. When completing the application form, ensure that every section is completed. Please make sure that you prepare each one of your application documents with due quality and care.

Your online application must include:
Completed application form
Curriculum vitae
Covering letter (optional) 

Within 4-7 days of applying you will be sent a link to complete our online ability testing. You will have 6 days to complete this otherwise your application will not be accepted.

Assessment Centre

Our Graduate Assessment Centres run for a full day. The day will include a high-level introduction to Munich Re business from a senior representative and further info on our graduate programme before beginning the exercises. You can expect the following assessments throughout the day

  • Aptitude tests, e.g. actuarial test, verbal reasoning, case study exercise, etc.
  • Group exercise
  • Individual interview with 5-minute pre-prepared presentation

There will also be opportunities to meet previous and current graduates and other representatives within the business.

Requirements

  • Strong analytical ability and a degree with above-average grades (Bachelor, Master, PhD) in mathematics, statistics, risk management, economics, law or another relevant field
  • Some initial work experience
  • Strong communication skills in English and preferably in other languages as well
  • A team-player style and cross-border competency 
  • A global mindset and a desire to achieve in an international environment

Selection process

The selection process comprises several interview sessions.

Application

To apply at our Milan office, please browse our online job board for openings. For an unsolicited application, email your complete CV and a cover letter to Human Resources

Requirements

  • BSc/BSc Honours (Actuarial Science)
  • An excellent academic record
  • Some initial work experience
  • Strong communication skills in English and preferably in other languages as well 
  • A team-player style and cross-border competency
  • A global mindset and a desire to achieve in an international environment

Selection process

We hire several graduates each year. Based on their merits and performance during the first year, we choose individuals that have the opportunity to become part of the International Graduate Trainee Programme. 

Application

Please find our graduate trainee positions on our online job board.

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