Early Careers: Actuarial Intern, Property & Casualty Reinsurance - 8 month work term

Aon

  • Toronto, ON
  • Training
  • Full-time
  • 23 hours ago
Posting Description:Actuarial Intern, Actuarial Intern, Property & Casualty Reinsurance - 8-month work termAre you a collaborative, critical thinking individual interested in gaining experience in a professional environment? Our Reinsurance team in Toronto is looking for Actuarial Interns!This is a hybrid role with the flexibility to work both virtually and from our Toronto office.Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.What the day will look likePrimary role is to support clients as requested by supervisor or brokers, across client projects or internal research assignments. Analysts are expected to develop proficiencies in completing standard cost benefit analyses and stochastic risk simulation on reinsurance contracts, while also taking part in more advanced analyses as required. You will become familiar with Aon's tools and approaches, contribute to the development and present Aon's solutions and services to our clients.Additional activities include:
  • Analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and stochastic risk modeling
  • Assist in reinsurance pricing analysis, industry market research, and internal R&D projects
  • Work with colleagues (brokers, analytics, and others) to identify and respond to client needs and develop additional opportunities related to products and services
  • Understand reinsurance contracts and products (terminology, terms, and conditions) and able to tailor structure design to various client’s needs
  • Prepare communications on analysis results to brokers and clients
  • Take initiative on internal projects to improve processes, products, or services
  • Take ownership and responsibility for quality, accuracy, and timely completion of analysis
  • Manage workflow proactively
How this opportunity is differentUnprecedented volatility is creating new risks and opportunities for organizations across the global economy. We provide providing actuarial and technical expertise and support to the professional reinsurance brokers.The role of Aon's Reinsurance Solutions is to advise the primary insurer on the appropriate levels of retention and reinsurance cessions to structure an effective and cost-efficient program of reinsurance protection, in accordance with the strategic objectives of the ceding company; and to obtain the required reinsurance protection from financially sound reinsurers.This position offers a unique view of the property and casualty reinsurance industry and inter-relationships between insurers and their reinsurers.Skills and experience that will lead to success
  • Proficiency in Microsoft office products such as Word, PowerPoint, Excel and Outlook is required
  • Outstanding quantitative and analytical skills
  • Strong written and verbal communication skills
  • Enjoy working on complex, mathematically-oriented projects
Education:
  • Students should be enrolled in Actuarial Sciences, Mathematics or Statistics program
  • Have passed at least one actuarial exam or strongly pursuing, preferred
  • Experience with a database application and familiarity with R and Python would be an asset
How we support our colleaguesIn addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.#HYBRID#AonInternshipCanada#LI-KT2

Aon