RBC Insurance, through its operating entities, provides a wide range of travel, life, health, home, auto, wealth, and insurance products and solutions. It also 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 150 full-time actuaries globally and is the brand name for the insurance operating entities of Royal Bank of Canada. This opportunity will offer you exposure to the life insurance industry. Your application will be reviewed for consideration across multiple positions with responsibilities aligned to those described in this job posting. Please note: Before submitting your application, read the application process at the bottom of this description carefully to ensure all required documents have been submitted. Your application will not be considered if you do not follow these directions.
What is the opportunity? As an Actuarial Co-op Student, you will receive an excellent opportunity to gain hands-on experience in the life insurance industry 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 Pricing and Modeling to Valuation and Capital. These roles will offer opportunities to gain exposure to all areas of the life insurance business. Create life pricing and valuation models for complex and high-impact products from an actuarial perspective,



including but not limited to asset strategy discussions with the RBC Insurance Investment team and liability cash flow management with RBC Risk Management. Assist in validation of key assumptions, gathering and applying market competition insights, and using business insights to identify trends/opportunities. Use 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 and 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.
Learn, influence, and innovate end-to-end aspects of the business, ranging from Pricing and Modeling to Valuation and Capital.
Create life pricing and valuation models for complex and high-impact products from an actuarial perspective, including but not limited to asset strategy discussions with the RBC Insurance Investment team and liability cash flow management with RBC Risk Management.
Assist in validation of key assumptions, gathering and applying market competition insights, and using business insights to identify trends/opportunities.
Use 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 and 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
Solid 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
Actuarial exposure/background
1-3 CAS/SOA exams completed
Previous experience with Moody’s/GGY AXIS
Knowledge of IFRS17, predictive analytics and Tableau are definite assets
Programming experience in R, VBA and SQL
What’s in it for you? Leaders who support your career development through coaching and networking opportunities
Exam support offered through the Actuarial Study Program
Work in a dynamic, collaborative, progressive, and high-performing team
Flexible work/life balance options
Job Skills Communication
Computer Literacy
Detail-Oriented
Interpersonal Relationships
Listening Effectively
Personal Development
Personal Initiative
Additional Job Details Address: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR
City: Mississauga
Country: Canada
Work hours/week: 37.5
Employment Type: Full time
Platform: INSURANCE
Job Type: Student/Coop (Fixed Term)
Pay Type: Salaried
Posted Date: 2026-08-25
Application Deadline: 2026-09-23
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
RBC respects and responds to the many competing and evolving priorities in our lives so you can focus on what you can do best: putting clients first.
At the heart of this is a commitment to diversity.
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities.

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📌 2027 Insurance – Winter, Valuation, Actuarial Co-op Student (4 – 8 months) (Ontario)
🏢 0000050824 RBC Life Insurance
📍 Ontario