International Graduate Trainee Programme - Underwriting Track

*Applicants requiring employer sponsorship of a visa will not be considered for this position. 

The next Trainee Class would start in June 2021. 

As one of the world's leading reinsurance companies, Munich Re is dedicated to training all employees to reach the highest levels of insurance and reinsurance knowledge and to bringing that knowledge and expertise to our clients. The International Graduate Trainee Programme is one way of accomplishing this critical goal. This selective, experience-based program offers comprehensive training for recent college graduates via three core components: foundational classroom training, hands-on rotational assignments and industry exams. Further details on each component are below.  

Trainees will be paired with Sponsor Underwriting teams at the start of their 2 year program; upon successful completion of the 2 year program, Trainees will then join that Sponsor team as a fulltime Underwriter. The Sponsor team will be determined by the Company based on business need and an assessment of the match between a Trainee’s skillset and personality relative to a Sponsor team’s work and culture.

PROGRAM CORE COMPONENTS

-Classroom training Trainees will spend approximately 10% of their time in a classroom setting, learning about core business functions from internal subject matter experts. Trainees are expected to actively participate in and initiate classroom discussions, read related course material as requested, and utilize the knowledge gained during their rotations.

-Rotational Assignments Trainees will spend approximately 90% of their time gaining hands-on experience about core business functions from internal subject matter experts. Rotations last anywhere from a few days to several months, and may take place in any of our domestic office locations. Trainees will also have the opportunity to spend time in one of our international offices and network with their global peers. During rotations, Trainees are expected to develop an appreciation for and understanding of the different business functions, always with an eye towards recognizing opportunities for future collaboration and efficiency once in their fulltime Underwriting role post-program.

-Industry Exams Trainees are required to continue their education through the passing of relevant industry exams, outside of work time. This is in direct alignment with our corporate culture of continuous learning and improvement. At a minimum, Trainees must obtain the Chartered Property Casualty Underwriting (CPCU) designation by the end of the program. For those Trainees who already have some or all of the CPCU exams passed when entering the Graduate Trainee program, the Trainee will work with the program manager to determine alternative industry exams of value to complete.