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Underwriting Co-op (2025 Fall - Toronto, 8 or 12 months)

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Internship & Working Student Job ID 9160 Company Temple Insurance Company Employment type Regular Area of expertise Claims & Underwriting
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POSITION: Underwriting Co-op (2025 Fall – Toronto, 8 or 12 months)
LOCATION: Toronto, ON
DURATION: 8 or 12 Months 
ANTICIPATED START DATE: September 2, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: TBD

Together, we engage with everything we have and are, to help humankind act braver and better.

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.

Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world.  Operating worldwide, the Munich Re Group and its business units provide insurance solutions of varying degrees of risk and complexity across a wide range of lines of business.  Our consistent risk management approach, technical knowledge, financial stability, and client proximity make us a sought-after, trusted business partner.  We offer a full range of traditional risk-transfer solutions through Property and Casualty insurance, as well as Treaty and Facultative reinsurance.  As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change.  Together with our clients, we will shape the future of our industry.

Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the insurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.

Munich Re is operating under a hybrid working model, with the expectation of being in the office 50% of the time and the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration.  In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re. 

Position Overview
You’ll work closely with other Underwriters within their respective departments, as well as with other key individuals across the organization in our Toronto office.  Note that this opportunity supports Temple Insurance Company, a Canadian federally licensed insurance company whose headquarters are in Toronto Ontario.  Temple is a wholly owned subsidiary of Münchener Rückversicherungs-Gesellschaft (Munich Reinsurance Company) headquartered in Munich Germany.” 

Job Responsibilities
Work term responsibilities may include, but are not limited to the following:

Corporate Underwriting (MR F&C)
•    Setup New Business for Casualty and Property Corporate underwriters;
•    Prepare loss runs;
•    Help with file completeness audits;
•    Prepare quotes and binders;
•    Review corporate policy documents and wordings;
•    Assist underwriters in analyzing client submissions;
•    Request account information and follow-up for missing information;
•    Opportunity to attend luncheons with corporate UW & clients;
•    Carry out research for client events, and promotional materials/products;
•    Prepare reports as may be required in Excel, Word, and PowerPoint formats;
•    Assist department underwriters and managers, as required.

Qualifications  
First and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build strong relationships with internal and external clients. 

Specifically, we’re looking for the following qualifications:
•    Currently pursuing an undergraduate degree in Business Administration/Commerce, or equivalent program – with a focus on insurance and in healthy academic standing;
•    Excellent communication skills – spoken & written, formal/informal presentation;
•    Proficient in Microsoft Office Suite, particularly in: Excel, Word, and PowerPoint;
•    Mathematical aptitude;
•    Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment – particularly in relation to data entry;
•    Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
•    Effective working both independently and as part of a greater team;
•    Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive;
•    Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.

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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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