Internship Natural Catastrophe Modelling/Pricing (80% - 100%, m/f/d)

New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurer founded in Zurich in 1926. As a company within the Munich Re Group, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of intelligent reinsurance products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty products. Our clients highly appreciate our swift and pro-active approach when responding to their needs and market developments.

You will join the Property Treaty Underwriting team, made up of underwriters and actuaries involved mainly in European natural catastrophe business, ideally from July/August 2024 to January 2025. The successful candidate will become part of a motivated and open-minded team that takes pride in a collaborative and flexible work mode which is based on trust and support.

Your responsibilities

• Assist the Property underwriters in pricing and Nat Cat modelling of European treaty reinsurance, with a focus on the peak treaty renewal period at the end of the year
• Quantitative analysis of client claims information, exposures and portfolios
• Support annual portfolio accumulation process with our pricing actuaries
• Participate actively in Munich Re Group internal and external Nat Cat and pricing projects

Your profile

• University degree in quantitative field or natural sciences
• Good analytical skills and a flair for numbers
• Advanced user of Microsoft Office (especially Excel)
• Experience in statistics and probabilistic modelling
• Knowledge in natural hazards and/or Nat Cat Modelling would be a plus
• Programming experience desirable (R, Python, SQL, Excel power tools)
• Team player with good communications skills
• Proactive and innovative in solving problems
• Flexible, reliable, exact and organized
• Highly motivated with an ability to work in an international environment
• Fluent in English (additional European languages would be a plus)

Your future benefits

Our employees are our greatest asset. We therefore offer them a wide range of benefits and a modern working model appreciating its positive impact on our business achievements and personal wellbeing:

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better
• Compensation: our commitment to equal treatment of all employee is reflected in our pay practice that has been awarded the attestation for equal pay by Willis Towers Watson (following the Swiss Federal Act on Gender Equality)
• Work-life balance: promoting the compatibility of family and work throughout flexible hybrid working model
• Continuous learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth
• Health management: focus on your physical and mental health far beyond legal requirements

To learn more about us, check out www.newre.com. If you embrace challenges and want to grow with our customers and partners, we look forward to receiving your application.