Early Careers: Actuarial Intern, Property & Casualty Reinsurance - 8 month work term (Winter and Fall 2025)

Early Careers: Actuarial Intern, Property & Casualty Reinsurance - 8 month work term (Winter and Fall 2025)

Are 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 decisions

At 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, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

Primary 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:

• Assist in reinsurance pricing analysis, industry market research, and internal R&D projects
• Analyze the costs and benefits of risk transferred under reinsurance agreements via pricing analysis and stochastic risk modeling
• 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 verbal and written 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 different

Unprecedented 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 colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive 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, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

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, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. 

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. 

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com

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