Group Risk Management
Main tasks of the division Group Risk Management (GRM) are – as the name suggests – the specification, measurement and management of the main risks fort he Hannover Re Group. In the center of GRM’s activities are therefore various probabilistic and simulation models. These types’ pf models are increasingly important when dealing with quantifiable risks. Therefore it is not a surprise that three quarters of GRM’s colleagues are actuaries or mathematicians. But this does not mean that our work is a highly theoretical exercise. In fact it is he other way round: whatever we do is done for practical purposes.
Within the scope of our overall responsibility we have to deal with new practical issues every day. This is especially true for all risks that go beyond the point of traditional actuarial research, like e.g. operational risks. Therefore we have to question ourselves again and again about the most efficient way of contributing to the Hannover Re’s strategic goals.
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