Underwriting Co-op, Property & Casualty

Munich Re CareersToronto, ON
Hybrid

About The Position

Munich Re is the world's leading reinsurance company with over 40,000 employees globally. We are a top provider of reinsurance, primary insurance, and insurance-related risk solutions. Our co-op placements offer a practical application of classroom learning in the insurance industry, with coaching from experienced professionals, exposure to leadership, and opportunities to contribute meaningfully. We foster a culture of Diversity, Inclusion, and Belonging, encouraging diverse thoughts and opinions. Munich Re is committed to innovation and shaping the future of the industry with our clients. This specific co-op role is within the Facultative Underwriting team in our Toronto office.

Requirements

  • Currently pursuing an undergraduate degree in Business Administration/Commerce, or equivalent program.
  • Excellent communication skills – spoken & written, formal/informal presentation.
  • Proficient in Microsoft Office Suite, particularly in: Excel, Word, and PowerPoint.
  • Mathematical aptitude.
  • Solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment – particularly in relation to data entry.
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance.
  • Effective working both independently and as part of a greater team.
  • Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive.
  • Must be returning to in-class studies upon completion of the work term, or be a recent graduate within the past year.
  • Legally entitled to work in Canada for the entire duration of the co-op work term.

Nice To Haves

  • A focus on insurance and healthy academic standing is preferred.
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Responsibilities

  • Assist underwriters in analyzing client submissions and underwriting functions.
  • Analyze inspection and loss control reports.
  • Map out property and auto fleet schedules for rating purposes.
  • Prepare reports in Excel, Word, and PowerPoint formats.
  • Review facultative policy documents and wordings.
  • Request account information and follow-up for missing information.
  • Partake in luncheons with facultative underwriters and clients.
  • Carry out research for client events, and promotional materials/products.
  • Assist department underwriters and managers, as required.

Benefits

  • Vacation pay
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