INTERNSHIP DETAILS

Actuarial Student Internship

CompanyGen Re Corporation
LocationCape Town
Work ModeOn Site
PostedNovember 9, 2026
Internship Information
Core Responsibilities
The intern will support the life pricing team by preparing quotations for new and existing group life business. They will also assist in maintaining pricing tools and monitoring management information statistics.
Internship Type
full time
Company Size
1900
Visa Sponsorship
No
Language
English
Working Hours
40 hours
Apply Now →

You'll be redirected to
the company's application page

About The Company
Gen Re is a leading property/casualty and life/health reinsurance company. We are owned by General Re Corporation, a reinsurance holding company for global reinsurance and related operations and a subsidiary of Berkshire Hathaway Inc. Gen Re delivers Treaty and Facultative reinsurance solutions to companies in all segments of the insurance industry. Our direct business model ensures our clients have direct access to decision makers, and underwriting, actuarial and claims experts, who understand and support their business objectives. Gen Re is headquartered in Stamford, Connecticut. A network of 37 branch and subsidiary offices are located globally in key markets. Our professionals bring a combination of local knowledge and global strength to our clients. We work closely with our clients to understand their objectives so that we can provide relevant capacity and differentiated services to them. Gen Re hires and trains the best underwriters, actuaries and claims professionals in the industry. We are in the risk assumption business - just like our clients - so the work that we do on a daily basis is a valuable component of how we see and evaluate risk. We share this experience with our clients in various ways - via direct underwriter-to-underwriter dialogue, research, technical seminars, underwriting and claims roundtables and audits, to name a few. For more information about Gen Re and access to all our current publications, please visit us on www.genre.com.
About the Role

Shape Your Future with Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. Its direct reinsurance companies conduct business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.

General Reinsurance, Cape Town Branch (a subsidary of General Reinsurance AG) is offering an opportunity for  Actuarial Student Internship in our Life Australia, UK, SA, Canada division.

Key Responsibilities

Gen Re is offering a one-year internship program in the life pricing team. The internship is based on a high level of empowerment within an exceedingly productive environment, combining on the job training with training phases. This great opportunity will enable you to learn from within an established pricing team and collaborate with actuaries across various disciplines in the business. During your time you will gain particular knowledge about reinsurance standards and guidelines, pricing, risk management, tools and, of course, clients.


The key responsibilities of the role:

  • Preparing quotations for new business and reviews of existing business for the group life business line.
  • Support of analysis and assessment of group life reinsurance portfolios for the purposes of risk management, experience studies, planning and quotation.
  • Monitoring and provision of management information statistics.
  • Assistance with maintaining the Company’s pricing guidelines and pricing tools.
  • Interaction with group life clients.

Qualifications & Experience

  • Completed a relevant University degree involving actuarial studies.
  • The ability to work in a methodical manner with good numerical and analytical skills.
  • Able to multi-task and work under pressure in meeting internal and external deadlines.
  • Strong problem-solving skills, particularly when in new situations or dealing with clients.
  • Very good familiarity with MS Office, especially Excel.
  • Strong verbal and written communication skills.

  Contact

Human Resources

 Our Address

General Reinsurance Africa Ltd.

(Reinsurer licensed to conduct composite insurance business)

2nd Floor, Waterway House North, V&A Waterfront,
Cape Town, 8002 (South Africa)

 Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.

Key Skills
Actuarial studiesPricingRisk managementData analysisNumerical skillsAnalytical skillsProblem-solvingMicrosoft ExcelMS OfficeCommunication skillsReportingReinsurance standards
Categories
Finance & AccountingData & AnalyticsConsulting