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Underwriting Analyst Intern

Munich Reinsurance America, Inc
United States, New Jersey, Princeton
Feb 03, 2025

Underwriting Analyst Intern



Company



Munich Re America



Location



Princeton
, United States

Underwriting Analyst Intern - Summer 2025

The Company

Munich Re Specialty - North America 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 - North America is a description for 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 Munich Re Specialty - North America, including licensing, regulatory-required, and other information on the operating companies, visit Munich Re Specialty - North America Disclosures

The Opportunity

The Underwriting Analyst Intern will see the underwriting process from start to finish and learn what data and documentation is essential to making underwriting decisions while understanding which risk gets declined or bound and for which reasons. This internship offers hands-on learning with the ability to apply training immediately.

Responsibilities:

  • Review and clear submissions for new and renewal business and endorsements within the time standard and business hours set out by the department.
  • Review and input the limits, deductibles, and terms and conditions into global and local systems.
  • Prepare submissions for entry into the underwriting systems for rating purposes.
  • Request information and follow up for any missing information using email.
  • Assist with enhancement of existing training materials and/or quality control tools

Qualifications:

  • Preferred Majors: Insurance, Business, Accounting and Risk Management
  • Accepted Grade Levels: rising sophomore, junior or senior undergraduates
  • Basic to intermediate skills with MS Excel, Outlook, Word, PowerPoint and Sharepoint
  • Prioritization of competing demands with proactive communication when assistance is needed
  • Interest and ability to learn about primary and/or reinsurance underwriting process and coverages in Casualty lines
  • Clear and concise verbal and written communication
  • Use available resources; identify and resolve questions
  • Interest in understanding how one's responsibilities fit into the larger picture and the impact on the overall business

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


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