Careers at Munich Re, Canada (Life)

Build your future – with a global leader who will help you activate your full potential

At Munich Re, you'll join a deeply talented, diverse network of colleagues. You’ll engage with your team in building innovative solutions – to make the world act braver and better.

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. We offer our employees a diverse and challenging work environment that champions high performance, professional development, innovation and passion; and rewards top performers with a highly competitive total rewards package.

We work continuously to create a productive, respectful and positive working environment.

As the world's leading reinsurance company with 40,000 employees at over 50 locations in all parts of the world, Munich Re introduces a paradigm shift in the way you think about insurance. Munich Re, Canada (Life) is the market leader in Life and Health reinsurance for Individual and Group business lines serving Canada and the Caribbean for over 50 years. We provide a unique opportunity to be part of a global success story.

We continuously strive to expand our strong position in the market, and we are always looking for highly qualified and dedicated staff. Our culture values performance and nurtures mutual respect and trust – all of which make sharing and expanding knowledge a great experience. And, it helps Munich Re maintain its competitive edge.

40,000

diverse collaborative global
network of people

51

sites across six continents

Join us and work on topics today that will impact society tomorrow.

You are an expert, passionate about your field and curious to explore new horizons. As a team player with excellent communication skills, you thrive in diverse settings. Sounds like you? Make it happen and be part of Munich Re

Learn more and apply

Turn expertise into excellence: The power of networked knowledge

Career development

To unlock your potential, activate it. Push boundaries. With us.

From the first day with Munich Re, you'll work in a team environment that is actively committed to accelerating your potential and career growth. Our career development programs help you grow your skills, gain experience and expand your horizons.

Learning and development

Our learning and development strategy requires that our employees take an active role in managing their own career. It is part of our commitment to employees to continue to provide opportunities that allow our employees to expand on their personal and professional growth. Typical program offerings include presentation skills, business writing, organizational tools, project management, among others.

Performance management

Munich Re is a high performance organization, encouraging continuous development and rewarding employees who perform at high levels. Our performance management process is a collaborative practice in which you and your manager establish performance goals that support both the business and your individual development, as well as assist in your personal growth.

Leadership development

We value leadership at every level and we expect our employees to act as business leaders. Our leaders focus on growing themselves, their people and the organization. Leadership opportunities are frequently presented to individuals at all levels throughout the organization, combined with training and coaching to ensure employees have the leadership tools they need to succeed.

Educational assistance program

We encourage studies that will be mutually beneficial to the employee and the Company. While outside courses and designations do not guarantee advancement, education can be an important factor to our employee’s progress. Eligible full-time employees can receive financial assistance for approved courses and materials taken at accredited institutions, including classes which lead to industry designations.

Actuarial study program

Our Actuarial Study Program is designed attract, develop and retain the top actuarial talent in the industry and contribute to the continual development and overall success of employees. We achieve this through the recognition and reward for individuals having passed actuarial exams and obtaining Actuarial designations. For eligible employees, we offer exam registration reimbursement, study hours, bonuses and salary increases for passing actuarial exams and for achieving an Actuarial designation. Eligibility for the program is determined by Human Resources and is open to those who demonstrate a serious commitment to their professional designation and are engaged in actuarial work within our organization.

Students and graduates

Munich Re, Canada (Life & Health) is well-established in providing exceptional experiential learning for students, while providing the perfect launchpad to a great career. Meaningful project work, team integration, and mentorship are provided to help you maximize your career progression. We hire on a term based cycle year-round; Winter, Summer, Fall. Take the first step and unlock your future, apply today!

Co-op placements

Our co-op placements provide you with an excellent opportunity to apply your classroom and technical training to real-life work experiences. Our co-op assignments will introduce you to the reinsurance industry and provide you with a solid foundation to develop into a future leader.

Co-op opportunities are typically available in the following business functions:

Actuarial Science

Biometric Research
Corporate Actuarial
Group Reinsurance
Individual Reinsurance

Integrated Analytics

Data Science
Data Engineering

Human Resources

From your first day, you will participate in a variety of projects that have real impact on the future of our organization. As such, we are committed to supporting you with a program that focuses on strengthening your professional and personal skills during your time with us. Eligibility and criteria

We seek students who are dedicated to expanding their capabilities and realizing their potential. We are looking for well-rounded, energetic, and talented students who possess the following criteria:

Registered in a Co-op program at a university, as well as recent graduates who have obtained their degree within the past year
Majoring in actuarial science, statistics, mathematics, economics, accounting, finance, business administration, human resources or related field
Participation in extracurricular activities
Demonstrated leadership abilities
Excellent communications skills; both verbal and written
Interest and willingness to learn a variety of new information in a fast paced environment

Campus events

We frequent university campuses across Canada and look forward to getting to know our student talent in person. Come and meet our friendly teams at one of our upcoming campus events!

If you are a student who would like to learn more about a scheduled event at your college/university, please contact your Career Services office.

Recruiting timetable
Co-op opportunities are typically posted four months in advance of the work term (i.e. Summer work term roles are posted in January). In addition to our Career Site, we also post our roles with a many universities across Canada. We have a limited number of roles each term in Actuarial Science, Data Science, Data Engineering and Human Resources for each term; Winter, Summer, Fall.

Please note: changing business needs may alter our recruitment schedule.

New graduate opportunities

Each year we have a limited number of full time Actuarial positions available for graduating students. These positions provide an excellent opportunity for students looking to launch their career in a competitive and fast paced industry. Please visit our Job search page for available positions which are generally posted in August of each year.

Eligibility and criteria
For our New Graduate hiring cycle, students must be completing an Actuarial Science, Mathematics, or Statistics degree program. Individuals who have graduated more than a year prior to application should review our current positions available within our Professional Opportunities. In addition, we generally look for the following qualifications:

Recent ASA or progressing towards attainment of ASA
0-3 years experience in the Canadian Life and Health insurance/reinsurance industry (Co-op terms included)
Participation in extracurricular activities
Demonstrated leadership abilities
Excellent communications skills; both verbal and written
Interest and willingness to learn a variety of new information in a dynamic and fast paced environment.

Recruiting timetable

Our new graduate recruitment cycle takes place annually in the Fall, with available positions posted on our Careers page in August. We conduct on-campus interviews throughout September, and invite a select number of candidates to an on-site interview in our Toronto office.* Final offers are usually presented between September and October. Successful candidates would then begin their role with us in the following year.

Please note: changing business needs may alter our recruitment schedule.

Munich Re Cup

Originating in 2015, the Munich Re Cup is now the premier North American wide, Actuarial Case Competition. It’s open to SOA Centre of Excellence universities designed to provide students with an opportunity to develop and apply their analytical, presentation and problem solving skills to a real-world business problem. Students will be given networking opportunities that will provide them with exposure to Munich Re executives, industry professionals, including a chance to win cash prizes.

Learn more

Apply now!

Working at Munich Re is more than a career. It’s an invitation to tackle some of the world’s most pressing challenges. Together we create solutions that move humanity forward.

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