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Summer Internship - Actuarial

Location Sydney, Australia Job type Full-Time Work mode On-site Job level Internship & Working Student Job ID 14100 Company Munich Re Employment type Temporary Area of expertise Actuarial & Risk Management
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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.

About the opportunity

Our paid internship program will run from early December 2026 to mid-February 2027, with a break over the holiday period. You will be placed in one team for the duration of the internship, gaining hands-on experience and contributing to meaningful work.

As an Actuarial intern, you will be joining our Life Reinsurance division or Finance division.

The work you’ll get involved in includes:

  • Building new types of data/experience analysis to improve the understanding of performance drivers
  • Upgrading existing tools used to analyse experience, improving their efficiency and output
  • Identifying special policy and/ or claim features, using available data
  • Assisting in the development and maintenance of actuarial models and tools, including using AI to enhance processes
  • Preparing reports and presentations to communicate recommendations to decision makers
  • Undertaking analysis to support client-related activities. This may include analysis for treaty repricing, assessing new business quotes, assessing and remediating issues, or considering the impact of proposed product changes
  • Gaining exposure to LLM-driven initiatives through preparing required reference data and associated applications
  • Structuring and preparing raw data for analysis and reporting

Your Profile

  • Current student (preferably domestic) who has completed at least 2 years of studies.
  • You will have a curious mind, enjoy collaborating with others and keen to develop your skills and build your experience.
  • You will be located in Australia and able to attend our Sydney office for the internship period. Whilst we offer flexible working, we would encourage you to be in person to get the most out of this experience.

How to Apply

Submit your application online and include the following documents:

  • Resume (required), including your preferred division (if any):
    • Life Reinsurance Division, or
    • CFO Division

  • Academic transcript (required). Applications submitted without an academic transcript may not be considered.

  • Cover letter (optional)

We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference.

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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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

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