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Careers at Munich Re Life US
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 Life US is one of the world’s leading providers of reinsurance and insurance-related risk solutions. We have teams across Atlanta, Chicago and New York who partner with clients to leverage smart, connected data, embrace new ideas and technologies, help them make confident decisions at speed and scale, and gain an exponential understanding of their underlying risks.
Our strengths are based on a track record of deep risk expertise, innovative thinking and a fundamental understanding of the capital management needs of primary insurance companies.
We are flexible, analytical and strategic thinkers who bring our expertise and creative problem-solving to client challenges. 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.
40,000
diverse collaborative global
network of people
51
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
Explore opportunities for excelling in your career at a company that prioritizes flexibility, and empowers you to make an impact.
Find a place that prioritizes flexibility.
Our hybrid working model strikes the perfect balance between in-office collaboration and working from home. Our employees truly enjoy seeing their coworkers in the office, at the same time, having the flexibility to work from home some days, offering increased work-life balance.
We are proud to offer our employees, their domestic partners, and their children, a wide range of benefits:
Insurance benefits:
- Two options for your health insurance plan (PPO or High Deductible)
- Prescription drug coverage (included in your health insurance plan)
- Vision and dental insurance plans
- Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary (up to $500k) and AD&D coverage that is equal to 1x annual salary (up to $500k)
- Short and Long Term Disability coverage
- Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
- Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
Additional employee offerings:
- A robust 401k plan with up to a 5% employer match
- A retirement savings plan that is 100% company funded
- Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
- Eligibility to receive a yearly bonus as a Munich Re employee
- A variety of health and wellness programs provided at no cost
- A hybrid environment that offers flexibility
- A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop (only in certain locations)
- An on-site complimentary workout facility as well as walking trails on campus grounds (in certain locations)
- On-site wellness center complete with nurse practitioner (in certain locations)
- Financial assistance for adoptions and infertility treatment
- Paid time off for eligible family care needs
- Tuition assistance and educational achievement bonuses
- Free parking (in certain locations)
- A corporate matching gifts program that further enhances your charitable donation
- Paid time off to volunteer in your community
One of the best parts of working at Munich Re is that there are no constraints put on you when it comes to opportunity. You have the freedom to pursue your career goals in the way you want to, whether it’s getting international exposure, advancing in your own field or even changing your area of expertise.
Career Paths
- Accounting & Finance
- Actuarial
- Business Administration
- Claims
- Data Science/Data Engineering/ Data Analytics
- Human Resources
- Information Technology
- Insurance
- Marketing Communications
- Market Research
- Sales
- Underwriting
Talent Development
- Global Mobility
- Tuition Assistance
- Certifications/Professional Designations
- Educational Achievement Awards
- International Graduate Training Program
- Rotational Opportunities
Find a place where you can make an impact
I feel that I am making an impact by working at Munich Re. The people here are passionate about creating affordable, efficient insurance programs that make communities more resilient. By providing paid volunteer days for employees, Munich Re empowers employees to support the initiatives that are important to them. By carefully considering the environmental impacts of both our own operations and our insurance portfolios, Munich Re stands behind its commitment to leave things better than we found them.
Diversity & Inclusion
- Young Professionals
- AAHA (African American Hispanic American)
- PRIDE (LGBTQ)
- Women’s Inclusion Network
- Toastmasters
- Green Team
- Veterans
- Many more
Community Involvement
Shape Our Future
Leading the Future of Insurance
Creating a Sustainable Future
40% less water usage
58% less greenhouse emissions
91% recycled materials
51% less energy consumption
Based on past 10 years at the Princeton office.Push Boundaries. With Us.
Careers/Student Opportunities
Internships
Our internships provide you with an opportunity to combine real-life work experiences with classroom and technical training. We will introduce you to the reinsurance industry and equip you with a strong foundation to develop your skills in the business world.
We seek students who are dedicated to expanding their capabilities and realizing their potential. We are looking for well-rounded, energetic, and talented students who possess the following criteria:
- Registered in an 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, data science 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 in a fast paced environment
Campus events
We frequent university campuses across the United States and look forward to getting to know our student talent in person. Come and meet our friendly teams 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
Internship 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 many universities across the US. We have a limited number of roles each term in Actuarial Science, Data Science and Data Engineering.
New graduate opportunities
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 which are generally posted in August.
Eligibility and criteria
For our New Graduate hiring cycle, students must be completing an Actuarial Science, Mathematics or Statistics degree program Individuals who have graduated more than a year prior to application should review our current positions available within our 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 US Life and Health insurance/reinsurance industry (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 in a dynamic and fast paced environment.
Recruiting timetable
Our new graduate recruitment cycle takes place annually in the Fall, with available positions posted on our Careers page in August. We conduct on-campus interviews throughout September, and invite a select number of candidates to an on-site interview in our New York office.* Final offers are usually presented between September and October. Successful candidates would then begin their role with us in the following year.
Munich Re Cup
Summer Leadership Development Program
Munich Re’s Summer Leadership Development Program introduces you to the Munich Re culture, people, and practices. From day one, you will be participating in a variety of projects that impact our organization and the insurance industry as a whole. In addition, the Summer Leadership Development Program prepares potential candidates for the International Graduate Trainee Program.
Develop your leadership skills and collaborate with exceptional individuals, from all disciplines and diverse backgrounds, to find answers to the most pressing issues today.
Do I meet the minimum requirements?
- Currently in first year of graduate program or third year of undergraduate
- 3.25 GPA or higher
- Demonstrated leadership abilities
- Superior communication and interpersonal skills
- Participation in college or community activities
International Graduate Trainee Program
Go beyond “entry level” and gain a thorough induction into the many different activities of the Munich Re Group, a leading global reinsurer. Munich Re’s two-year International Graduate Trainee Program is an experience-based curriculum combining foundational coursework, rotational assignments, and business skills development. Learn firsthand from industry experts in a collaborative, innovative environment.
Rebuilding communities when disaster strikes, driving innovation, and enabling progress are just a few of the passions we pursue on a daily basis. Professional mentors will guide you throughout the program cycle, preparing you for a future role in underwriting or in one of our other core re/insurance functions.
Do I meet the minimum requirements?
- Bachelor’s or master’s degree in relevant field
- 3.25 GPA or higher
- Demonstrated leadership abilities
- Superior communication and interpersonal skills
- Quantitative and qualitative skills
- Team player
Program Description:
Foundational coursework
Study with a purpose utilizing real life situation, business case studies, and small group projects led by senior Munich Re members of various disciplines
Rotational assignments
Gain industry experience alongside subject matter experts while making a meaningful contribution to one of the top reinsurers in the U.S. Rotational assignments span one to three months, instilling competencies such as primary insurance, innovation, contracts, actuarial pricing, reinsurance underwriting, claims, IT/ata science/data engineering, and actuarial reserving.
Business skills development
Become a polished professional by building a unique skillset with training courses and seminars in topics such as language and culture, communication, negotiation, networking, and presentations.
Our values
We strive to exemplify our core values that shape our culture and how we conduct business. It expresses the approach we take to achieve our mission and vision – and how we treat each other and our clients along the way:
- Passion to compete
- Accountable
- Agile and adaptive
- Collaborative
- Respectful
- Leverage diversity
Join our team
We are looking for the best and brightest in the industry.
From actuarial and underwriting professionals, to data scientists, data engineers, doctors, lawyers, business transformation leaders and more, our teams come together to drive how we manage risks in a fast-changing world.
The diverse backgrounds of our colleagues enhances our ability to deliver insights that matter to the millions of individuals benefitting for vital protection of life reinsurance.
If you are a motivated, curious, strategic thinker with an interest in building a career that transforms the future of risk and expands the boundaries of reinsurance, learn more about the exciting opportunities offered at Munich Re Life US.
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