This is your opportunity to join Swiss Re Group - one of the world's leading wholesale providers of reinsurance, insurance and other innovative forms of insurance-based risk transfer. Our business at Swiss Re is about understanding and analysing the major risks that concern the world - from natural catastrophes to climate change, from ageing populations to cybercrime. We combine experience with expertise and innovative thinking to create new opportunities and solutions for our clients. And we enable the risk-taking essential to enterprise and progress. This is only possible with around 10,000 truly exceptional Swiss Re people across our group worldwide.
About the role
Swiss Re is a leading and highly diversified global reinsurer. The company operates through offices in over 25 countries. Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial services products that enable risk-taking essential to enterprise and progress. The company's traditional reinsurance products and related services for property and casualty, as well as the life and health business are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management. (For more company information, go to www.swissre.com)
Every year, Swiss Re offers internships to a number of bright and highly motivated students, enabling them to benefit from the company's global perspective and to discover the world. A Swiss Re internship can be much more than a temporary job - it can be your first step to a rewarding career. The program is expected to last 10 - 12 weeks, offers competitive salaries, and is offered in various Swiss Re locations.
About the team
The Products Underwriting business function is the driving force behind product development and underwriting excellence at Swiss Re. It encompasses the Property & Specialty, Casualty and Life & Health divisions. It also deploys Swiss Re's knowledge and expertise to promote underwriting excellence and to provide standard criteria for risk pricing in life and non-life business. The Actuarial Intern will work within Treaty Casualty Products to analyse pricing parameters for different Casualty Lines of Business (Motor, General Liability, and Professional Liability) under the guidance and direction of the units' most Senior Actuaries. This project team's mandate is to continuously improve the quality and depth of our actuarial analysis through the establishment of a robust data library that will aid in parameter development. The candidate will also work on one of a number of research projects using the data already collected by the company and potentially integrating forward-looking predictive analysis where no prior data is available. For example, identifying, interpreting and quantifying economic, societal, legal, regulatory or other factors that will influence Casualty business. You will gain a good understanding of how actuarial and other data are used to price our products (treaties covering portfolios of original insured policies) as well as learn about a specific insurance product/coverage. You may also have the opportunity to test and develop pricing models and tools. In addition to working with the unit's Senior actuaries, you may engage with others in the team including senior underwriters, claims professionals and portfolio managers to accomplish your objectives. Overall this is an excellent opportunity for a candidate aspiring to a career in the (re)insurance actuarial, analytical or potentially underwriting disciplines.
Majors: Actuarial Science, Math or Economics (courses including 2 years calculus, 2 years probability and statistics)
Should be a junior or sophomore in an undergraduate program
Completed at least 1 actuarial exam
Strong Excel skills; experience with Look-up Tables and Pivot Tables preferred; experience with Macros a plus
Friendly and motivated; ability to work in a team setting, meet deadlines, and present findings
Interested candidates should apply through www.swissre.com/interns. Applications will only be accepted through our website. Duration of the internship: May 21 to August 10, 2018
About Swiss Re
Swiss Re is the worlds leading and most diversified global reinsurer. The company operates through offices in over 25 countries. Founded in Zurich, Switzerland, in 1863, Swiss Re offers financial services products that enable risk-taking essential to enterprise and progress. The companys traditional reinsurance products and related services for property and casualty, as well as the life and health business are complemented by insurance-based corporate finance solutions and supplementary services for comprehensive risk management.