Underwriting Associate

Munich Re Group; Toronto; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

A leading specialty insurance company seeks recent university graduates for the Underwriter Associate Graduate Program in Toronto, Canada. This program offers an intensive 6-month training combined with mentorship and hands-on experience in specialty insurance. Candidates should possess strong analytical skills, a passion for technology, and relevant educational backgrounds. The company provides a hybrid work environment with excellent benefits including competitive health packages and a focus on continuous learning, making it an ideal start for your career in risk management and insurance.

Benefits

Great compensation package including an annual company bonus

Flexible health and dental benefits

Participation in the DC Pension Plan

Learning and development programs

Qualifications

• Recent or upcoming graduates from Canadian universities are preferred.
• Prior internship or co-op experience in insurance/underwriting is a plus.
• Progress toward CIP designation is an asset.

Responsibilities

• Participate in a 6-month intensive training and mentorship program.
• Develop expertise in Equipment Breakdown and Cyber insurance.
• Transition into a full-time Underwriter role after program completion.

Skills

Strong communication

Relationship-building

Analytical skills

Innovation passion

Leadership qualities

Microsoft Office proficiency

Education

Bachelor’s or Master’s in Risk Management, Insurance, Business, Finance, Economics

Tools

Microsoft Excel

Power BI

SharePoint

SQL

Job description

Underwriter Associate Graduate Program

Launch Your Career in Specialty Insurance with HSB Canada (Munich Re Group)

Are you a recent university graduate ready to shape the future of risk management and specialty insurance? Join HSB Canada’s flagship Underwriter Associate Graduate Program and become part of a global leader in engineering-driven insurance, technology, and innovation.

Why HSB?

HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering based risk management and inspection services. For more information about HSB Canada, visit hsb.ca/careers

Underwriter Associate – Graduate Trainee Program (3 positions available)

About the Program

• 6-Month Intensive Training: Dive into a comprehensive curriculum blending classroom learning, hands-on experience, and mentorship from industry experts.
• Specialty Focus: Develop comprehensive expertise in Equipment Breakdown and Cyber insurance, which represent two rapidly expanding and essential fields within risk management.
• Mentorship & Networking: Build relationships with senior leaders, peers, and mentors who will guide your journey.
• Career Launch: Upon successful completion, transition into a full-time Underwriter role with increased responsibility, autonomy, and binding authority.

What we’re looking for

• Recent or upcoming graduates (Class of 2025/2026) from Canadian universities (Bachelor’s or Master’s in Risk Management, Insurance, Business, Finance, Economics, or related fields).
• Strong communication, relationship-building, and analytical skills.
• Passion for innovation, technology, and making a difference in the insurance industry.
• Prior internship or co-op experience in insurance/underwriting is a plus.
• Progress toward CIP designation is an asset.
• Proficiency in Microsoft Office (Excel, Power BI, Word, PowerPoint); familiarity with SharePoint, SQL, Gen AI is a bonus.
• Leadership qualities: curiosity, integrity, drive, and analytical thinking.
• Effective working both independently and as part of a greater team;
• To stay connected with our team and thrive in this role, we require a minimum of 3 in-office days per week at our Toronto headquarters.

Company Benefits

Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days
• A great compensation package including an annual company bonus
• Competitive company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
• Wellness program with tools and resources supporting your mental, physical, and financial wellbeing – on and off the job
• Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
• Employee Referral Program and Recognition Program

HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact [e-mail] as soon as practical so that suitable accommodations can be arranged.

We thank all candidates for their interest; however only those selected for interview will be contacted.