Actuarial Intern, US ; Summer

Position: Actuarial Intern, US Life (2026 Summer - New York)
Location: New York

Actuarial Intern, US Life (2026 Summer - New York)

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

Munich Re Life US’s Summer internship program provides you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be; coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.

You will be expected to relocate to the greater New York area, to meet our hybrid working model of at least 3 days a week in office. This provides a great opportunity to network, develop soft skills and become immersed within the greater Munich Re culture; including engaging with your team while in-office for face-to-face meetings, sharing meaningful moments, and allocating time to connect with your Manager.

As there have been many changes throughout the pandemic/post pandemic, this policy is subject to change, based on business requirements.

Position Overview

Throughout your Summer internship, you will work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization. Departmental placements will be made closer to your start date based on internal business needs. In addition to the responsibilities in your assigned department, you will be exposed to all other actuarial departments in the firm through an immersive internship program which culminates in a capstone project that you will work on with other Summer interns.

Placement opportunities involve numerous departments, some of which are listed below:

Biometric Research Corporate Actuarial This team is responsible for providing the financial results of the US Life & Health business. You will collaborate with many different functions across the company, to provide expertise and set assumptions for calculating policy liabilities. You will build and manage complex actuarial models, learn the details of current and upcoming regulations, perform analysis of the business, and work closely with other departments to invent creative solutions.

Pricing (Individual Life, Group, Living Benefits and Financial Reinsurance) Qualifications

We are looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships with internal clients. We are seeking energetic and collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.

Specifically, we’re looking for the following qualifications:

• Currently pursuing an Undergraduate or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing;
• Successful completion of one SOA exam (with two or more preferred);
• Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
• Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment;
• Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
• Preference for candidates who have relevant work experience (in actuarial, insurance, or financial services desired).

The hourly pay rate range anticipated for this temporary position is $28 to $39. The hourly rate range estimate displayed represents the typical pay rate for candidates hired in this position. Factors that may be used to determine your hourly pay rate include your SOA exam progress, and your previous work term experience.

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