Intern - Product Innovation and Data Analytics

Munichre Service Limited, part of Munich Re, the world’s largest reinsurer, is looking for an intern with a background in statistics, insurance, or economics to join our Propositions Studio team in Hong Kong.

This role offers an exceptional internship experience with numerous learning opportunities through supporting various projects, ideal for those looking to gain hands-on experience in the insurance industry and develop their professional skills. By joining us, you will have the chance to work with industry leaders and make meaningful contributions.

If you are eager to gain experience within a leading global reinsurance group, thrive in an international setting, and enjoy a top-notch office environment, consider joining our team as an intern (6 months). While most of the work is expected to be full-time and onsite, we offer some flexibility to accommodate your academic commitments.

Your Role

Multinational client management:

• Conduct periodic financial reporting – develop and refine a suitable model to easily track and analyze quarterly financials, prepare results presentations against set strategy.

Product and market research:

• Support product development and pricing, including market research, product design, and product and marketing materials preparations.
• Conduct in-depth research on industry and market trends, including product innovations, customer needs, regulatory landscape, distribution channels, and key market players.
• Analyze client and external data meticulously to derive actionable insights, collaborating closely with both regional and local product and pricing teams.
• Craft compelling presentations, predominantly using PowerPoint, to effectively communicate insights and recommendations to key stakeholders.
• Undertake administrative duties such as document translations, meeting preparations and minutes keeping to facilitate smooth operations.

Pricing:

• Conduct pricing basis research and make recommendations on risk incidence rates (mortality, critical illness, and medical reimbursement).
• Help review existing pricing basis and risk appetite by gathering experience data (both from internal and external sources) and conducting experience analysis. Make recommendations on appropriate changes.
• Assist in reinsurance pricing projects including sourcing appropriate pricing assumptions, pricing modelling and producing quotations.

Your Profile

• Currently enrolled bachelor's or master's student, preferably in the latter stage of studies, with outstanding academic performance.
• Academic background in mathematics, statistics, economics, or insurance-related studies.
• Demonstrated interest in the (re-)insurance industry, particularly in areas such as Life and Health insurance.
• Strong proficiency in data analysis and structuring, with the ability to derive meaningful insights from complex datasets.
• Fluency in spoken and written English and preferably another Asian language, with advanced proficiency in Microsoft Office applications, especially Excel and PowerPoint.
• Possess a proactive business development mindset, excellent client service skills, and the ability to work independently with a self-starter attitude.
• Available from early August onwards for a 6-month period, with the flexibility to work at least 3-4 full-time days per week.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.