Actuarial Associate

Temple Insurance Company
Toronto , Canada

Associate Actuary


We care for humankind – and that starts with our people​


Our greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success.​  Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.



Are you someone with strong leadership capabilities? Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders?   Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.  Munich Re Specialty Insurance (MRSI) is the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.


We are hiring an Actuarial Associate who will provide actuarial pricing/rating support for MRSI.  This person will support primary and excess Program insurance business in meeting its goals by analyzing, evaluating, modeling and rating potential competitive solutions for our clients. This individual will support the profitable growth across existing and new products in support of Munich Re Group’s ‘Ambition 2025.’

Your job

Primary Responsibilities:

  • Prepare and complete pricing analyses with some guidance, including the development of rates, ultimate loss projections and communication of results.  Influence stakeholders based on results of analyses.
  • Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.
  • Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business.  Document and communicate assumptions, results, and alternatives to actuarial staff, underwriters, and internal and external clients.
  • Understanding and ability to discuss and apply the use of existing & new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.
  • Identification of data issues requiring specialized actuarial attention.
  • Provide actuarial insight and expertise on actuarial assumptions and parameters as a participant on a Market Research Analysis and Parameters (MRAP) line of business group.
  • Pursue formal education via Casualty Actuarial Society (CAS) exams and Continuing Education (CE).
  • Participate in training of others (underwriters, client managers, graduate trainees/risk analysts, interns, accounting/finance and actuaries) regarding actuarial analyses and methodologies.


Your profile

Required Education/Experience

  • Bachelor’s degree in Mathematics, Actuarial Science, Economics, Business or related field.
  • Membership in the Casualty Actuarial Society required. ACAS preferred for Associate Actuary level. FCAS preferred for Actuary level.
  • At least four (4) years of insurance/reinsurance and actuarial pricing experience.

Specialized Knowledge and Skills

  • Strong technical actuarial skills and strong knowledge and understanding of rating models.
  • Proficient computer skills in MS Office Suite, including PowerBI to be used for ratemaking, pricing, modeling stochastic distributions or data analysis.
  • Experience in use of Python, SAS, R or other statistical software in insurance pricing applications.
  • Excellent oral and written communication skills and interpersonal skills.


In addition to an exciting job opportunity, we offer the following:

Click on the link to apply…

Munich Re Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination.  Accommodations will be made for qualified applicants with a disability throughout the recruitment process.  If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.