Underwriting Co-op

Munich Re Careers • Toronto, ON

20h • Hybrid

About The Position

Munich Re is the world's leading reinsurance company with over 40,000 employees globally. They are a top provider of reinsurance, primary insurance, and insurance-related risk solutions. Munich Re focuses on innovation and developing new products and services to shape the future of the industry. This co-op placement offers students the chance to apply their classroom learning in the insurance industry, with coaching from experienced professionals, exposure to leadership, and opportunities to contribute meaningfully. The company operates on a hybrid working model, requiring employees to be in the office three days a week. Students are expected to relocate to the city of their placement for full program integration and must be legally entitled to work in Canada. This specific role supports Temple Insurance Company, a Canadian federally licensed insurance company and a wholly owned subsidiary of Munich Re.

Requirements

• Currently pursuing an undergraduate degree in Business Administration/Commerce, or equivalent program – with a focus on insurance and in healthy academic standing
• 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 (degree obtained within the past year)
• Legally entitled to work in Canada for the entire duration of the co-op work term

Nice To Haves

• Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience)

Responsibilities

• Setup New Business for Casualty and Property Corporate underwriters
• Prepare loss runs
• Help with file completeness audits
• Prepare quotes and binders
• Assist underwriters in analyzing client submissions
• Request account information and follow-up for missing information
• Opportunity to attend luncheons with corporate UW & clients
• Carry out research for client events, and promotional materials/products
• Prepare reports as may be required in Excel, Word, and PowerPoint formats
• Assist department underwriters and managers, as required

Benefits

• Vacation pay

What This Job Offers

• Career Level: Intern