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Intern - Capital Modelling / Risk Management (m/f/d)*

Location Munich, Germany Job type Full-Time Work mode On-site Job level Internship & Working Student Job ID 11914 Company Munich Re Employment type Temporary Area of expertise Actuarial & Risk Management
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The Risk Management function at Great Lakes Insurance SE (GL) oversees and manages all material risks relevant to an international primary insurer, providing a solid foundation for informed management decisions. As a specialty provider of primary insurance services, GL is an integral part of Munich Re Group and an important enabler for Specialty Insurance Business closely connected to Munich Re’s reinsurance core business.
The advertised internship position is part of the Capital Modelling Team, which analyses and models quantitative risks using statistical, actuarial, and analytical methods to determine the company’s solvency capital requirements under Solvency II. The wider Risk Management area also includes the Non‑Financial Risk Team and a central Governance & Reporting team, ensuring a comprehensive, enterprise‑wide approach to risk and capital management.

Ihre Aufgaben

  • Implementation of existing Excel tools in R, including structuring the underlying logic, testing, and documentation.
  • Support with ad‑hoc analyses, data preparation, and presentation of results.
  • Contribution to validation and general Risk Management tasks, such as plausibility checks, sensitivity analyses, or benchmarking.
  • Assistance in the further development or automation of capital modelling processes.

Ihr Profil

  • Ongoing studies in Mathematics, Statistics, Physics, Data Science, or another quantitative subject.
  • Interest in quantitative analysis, modelling, or actuarial topics - previous knowledge is helpful but not required.
  • Experience with R or another programming language is an advantage; motivation to learn and improve technical skills is important.
  • Comfortable working with Excel and data in general.
    Motivated team player with curiosity and a proactive mindset.

Students from countries outside the EU require a German residence-/work permit. The first master's degree may not have been completed before/during the entire internship.

About us

As the world's leading reinsurance company with more than 16,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.

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.

Sounds like you? Push boundaries with us and be part of Munich Re.

Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.  

Unlock your potential

  • Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
  • Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
  • Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Münchener Rückversicherungs-Gesellschaft
Silke Rößler / Oksana Kern / Nina Hartmuth

Coordination Students Program
* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunity employer. Severely disabled candidates will also be prioritised, if equally qualified.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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