Job Description RBC Insurance, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth and insurance products and solutions. Also, it offers creditor and business reinsurance services to both individual and group clients. We are one of the largest insurance companies within a Canadian bank and among the fastest growing insurance organizations in the country. RBC Insurance employs more than 3,200 employees around the globe and is the brand name for the insurance operating entities of Royal Bank of Canada. Your application will be reviewed for consideration across multiple positions with responsibilities aligned to those described in this job posting.

What is the opportunity?

As an Actuarial Co-op Student, you will receive an excellent opportunity to gain hands‑on experience with real‑world business problems, be challenged to resolve complex tasks, and provided with valuable on‑the‑job training. This role will offer you an exciting opportunity to be part of the largest bank‑owned insurance company in Canada; you will apply, enhance, and develop experience and working knowledge to perform a combination of challenging tasks and operational assignments. RBC Insurance offers a very inclusive team that works cohesively together, which is integral to the success of continuing to grow all lines of business. We commit to formally structured access to leaders across our actuarial teams, and other business areas, to ensure you are learning all aspects of insurance and are prepared for a successful and rewarding career.

What will you do?

Learn,



influence, and innovate end‑to‑end aspects of the business ranging from sales to pricing and valuation to risk & capital.

- Creating pricing and valuation models for complex and high‑impact products from an actuarial perspective including but not limited to asset strategy discussions with RBC Insurance Investment team and liability cash flow management with RBC Risk Management.
- Assist in validation of key assumptions, gathering and applying market competition, and using business insights to identify trends/opportunities.
- Using software like AXIS, R, SQL and MS Excel to produce and analyze results, communicate findings to respective stakeholders to obtain their approvals.
- Develop, maintain, and enhance new and existing tools to better streamline processes.
- Collaborate with fellow actuarial and non‑actuarial colleagues to achieve success.
- Conduct monthly/quarterly valuation reporting and communicate results and findings to management.
- Model and analyze Special Quotes to better serve our clients’ needs.
- Support monthly/quarterly capital measurement analysis and reporting.

What do you need to succeed?

- Must have Knowledge of MS Office Suite.




- Solid technical and analytical skills with strong problem‑solving ability.
- Strong written and verbal communication skills.
- Highly motivated self‑starter and team player.
- Nice to have: Pursuing a university degree in Actuarial Science, Finance, Statistics, or Mathematics.
- Nice to have: Actuarial exposure/background 2-3 CAS/SOA exams completed.
- Nice to have: Previous experience with Moody’s/GGY AXIS.
- Nice to have: Knowledge of IFRS17, predictive analytics and Tableau are definite assets.
- Nice to have: Programing experience in R, VBA and SQL.

Eligibility

- Be returning to school after the work term end‑date.
- If you are not returning to school (i.e. are graduating immediately after the work term), you must require the full work term as a mandatory component to graduate successfully.

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. Leaders who support your development through coaching and managing opportunities. Ability to make a difference and lasting impact. Work in a energetic, cooperative, progressive, and high‑performing team. Flexible work/life balance options. RBC Insurance is an organization that succeeds by bringing out the best.

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📌 2027 Insurance – Winter, Pricing, Actuarial Intern (4-16 months) (Mississauga)
🏢 Aplaro
📍 Mississauga