Actuarial Graduate Trainee Programme
Applications for all candidates open on 31 August 2026
Build a career that makes an impact
From day one, you'll work on real business challenges, learn from industry experts, and gain the support you need to become a qualified actuary.
Why Munich Re
Having successfully delivered on our Ambition 2025, Munich Re is now accelerating forward with Ambition 2030. As we continue to grow and evolve, we're investing in our people, strengthening our expertise, and creating new opportunities for the next generation of talent. As an actuarial graduate, you'll join us at an exciting point in our journey and play a role in shaping what's next.
Launch your actuarial career
Actuaries solve complex problems using mathematics and data to assess risk and inform decision-making. From pricing insurance to driving innovation, your insights will influence critical areas like financial reporting and predictive analytics.
From day one, you'll tackle real business challenges in a supportive and inclusive environment. You'll learn from experts across our global network, develop valuable technical and commercial skills, and contribute to projects that make a real difference to our business. As an actuarial graduate, you'll be part of a global organisation that invests in your development, values fresh perspectives, and empowers you to make an impact from the start.
What you can expect
- Learn from experts through on-the-job training and mentorship.
- Gain broad experience through a range of actuarial work, collaborating across different teams and areas of the business.
- Develop personally and professionally through tailored workshops and case study exercises.
- Receive support for your actuarial exams, including study leave, mentoring, wellbeing support, and financial support.
- Work towards qualification with the Institute and Faculty of Actuaries (IFoA), gaining both professional accreditation and the valuable on-the-job experience required to qualify as an actuary.
Life as an actuarial graduate
Watch our video to discover insights on life as an actuarial graduate at Munich Re.
Who are we looking for?
Problem Solver
You embrace challenges, learn quickly from successes and failures, and think big to find the best solutions.
Collaborative Team Player
You thrive working with others across teams and departments to achieve shared goals.
Adaptable and Resourceful
You seek efficient ways to get tasks done, continuously improve workflows, and know when to ask for or offer support.
Effective Communicator with an Inclusive Mindset
You communicate clearly, engage openly with diverse perspectives, and contribute to an inclusive, supportive work culture.
The most exciting project I’ve worked on so far has been pricing a reinsurance quote for a client – I was given the responsibility and freedom to make subjective decisions and felt supported and respected by my colleagues throughout.
Ready to start your actuarial career?
Learn from industry experts and make an impact from day one.
Benefits
Competitive salary
For us, it is a matter of course that you are appropriately compensated for your high level of commitment.
Professional development
We offer targeted, needs-based training for all employees: Mentors, Mental Health First Aiders, Employee Assistance Programme and personal development courses.
Professional qualification
We provide our actuarial students with study leave, study fees and a study mentor.
Flexible time
We believe in a healthy balance. We offer various options to help employees build their careers in line with their personal life.
Compensation and benefits
We offer competitive benefits packages and incentives across our different businesses.
Holiday
We offer 25 days' holiday as standard (able to flex up/down by 5 days)
Insurance coverage
In case of illness or accident, our company provides medical insurance (life and private medical) and travel insurance.
Retirement provision
For your security in old age, we provide an in-house pension solution up to 10% non-contributory.
The graduate programme helped me build a strong foundation across both technical and commercial areas and – with the support of mentors and sponsors – gave me the confidence to step outside my comfort zone. It taught me to take initiative, stay curious, and build strong relationships – lessons that continue to guide how I contribute to the business and support the people I work with.
How to apply
We are committed to providing a supportive and inclusive candidate experience. We encourage candidates to let us know if they require any reasonable adjustments at any stage of the recruitment process.
(10 minutes)
You will fill out our online application form and submit your CV with any supportive documents. An automatic self-registration link will be sent for the online test.
(approx. 45 minutes to complete)
At this stage, we will ask a few questions and give you a situational task to test your cognitive ability.
(60 minutes)
To get to know you even better, we will conduct a competency-based online interview with you to proceed to the next stage of our process.
(Half day)
You will be invited to attend a half-day assessment centre at our London office. We will ask you to take part in a group task and an individual test to explore how your skills and potential align with the programme. This day will also allow you to ask questions and get a feel for our dynamic work environment.
(60 minutes)
You will be invited to participate in two virtual meetings with senior leaders from Munich Re UK. These will comprise a technical presentation and an interview.
Explore the businesses we’re hiring for.
Munich Re is a global organisation. Successful candidates in the graduate programme will join an actuarial team within one of the following entities: Munich Re UK Life Branch (UKLB) or Munich Re Great Lakes (GLLB).
Find out more about these entities below.
FAQ
- Is this a graduate programme or a permanent position? We cannot guarantee a permanent position for all graduates. If you are offered a role within UKLB, it will be a permanent position, whereas roles within GLLB are offered on a two-year basis, with the potential to apply for a subsequent permanent role.
- How many positions are available? There are 4–6 positions available across different entities in Munich Re UK.
- Do you offer visa sponsorship? Yes.
- How does this differ from the Group International Graduate Programme? This is a more specialised programme than the Group International Graduate Programme and is better tailored towards becoming a qualified actuary.
- Are there minimum grade requirements, and any subjects that wouldn’t be considered? We expect candidates to have, or be predicted to achieve, at least a 2:1 (or equivalent) in a numerate degree such as Mathematics, Statistics, Actuarial Science, STEM, Economics, Finance or a related discipline.
- Do I need to have exemptions from the actuarial exams? No. We provide full study support for all exams, regardless of the number of exemptions held. Additionally, there is no preference for students who do or don’t have exam exemptions.
- What level of study support is offered? We provide study leave to our students to prepare for their exams. We cover the cost of all subscription fees, course materials, tuition and examination fees, and provide a study mentor to advise and support you through the process. Students are entitled to up to one day of study leave per week, depending on which exams are being taken. Students are also given full days off for the day of any exams.
- Are there any international placements offered? Although they are uncommon for graduates, employees may be supported with international secondments, but this is not guaranteed and depends on an individual's performance, business needs, and the availability of opportunities.
- Is there any flexibility over the start date? Yes, we are willing to be flexible over your start date. Please discuss this with us.
- What are the working hours like, and how flexible are they? Employees typically work 7–8 hour days, such as 9–5 or 9–6 with an hour lunch break, with some flexibility. This can vary slightly depending on work volumes and deadlines. We operate a hybrid working model, combining office collaboration with remote work.
Start your actuarial career with Munich Re
If you're curious, analytical and excited by the opportunity to learn, develop and make an impact, we'd love to hear from you.
