Direct Entry as an Econo­mist

As an economist you will find exciting entry opportunities at Hannover Re, for example in underwriting or accounting. What your work will involve exactly depends on your profile, interests and sometimes your language skills.

You have the following qualifications:

  • A degree, ideally with insurance management, accounting, auditing, trusteeship, taxation, controlling or finance as a specialist subject
  • Ideally initial experience in primary and/or reinsurance
  • Good numerical and analytical skills
  • Enjoy customer contact and contact with colleagues of various nationalities
  • Good command of English, further language skills e.g. Spanish or French welcome
  • Creativity, communication skills, team spirit and confidence

Under­writing is the insurance of risks by a primary insurer or reinsurer. An underwriter’s tasks include the following:

  • Analysis and completion of reinsurance contracts relating to certain countries or sectors
  • Checking offers and calculating adequate prices
  • Contract negotiations with cedants and/or brokers
  • Market analyses and statistical evaluations
  • Business customer care, also including worldwide travel

Contract Reinsurance

Contract reinsurance (also known as obligatory reinsurance or treaty reinsurance) is the reinsurance of complete primary insurance portfolios or parts of them. In contrast to this, individual risks can be reinsured. Our facultative reinsurance department along with the Direct and Facultative department are responsible for this. Another example is the department Marine, Aviation & Space, UK/Ireland. The former deals mainly with property, liability and energy, whereas the latter deals mainly with transport, space and aviation insurance. Both departments work on a worldwide basis. In addition, there are three market departments which sell reinsurance according to business fields.

These are:

Finance & Accounting

Economists in Corporate Accounting work mainly on financial statements and consolidated financial statements in accordance with HGB und IFRS. The Technical Accounting and Claims department looks after accounting arising from contracts and damage assessment of reinsurance contracts. This department is organised in the same way as our market departments, which means that both specialist and foreign language knowledge are required. Company reporting, looking after our branches and complex accounting processes such as portfolio transfers or intercompany transactions, are further exciting tasks in this large department. The majority of our economists work in the above mentioned departments, but this is just a part of the topics which Hannover Re offers to economists. There are other interesting jobs in specialist positions available, depending on degree majors and suitable work experience.

Although you will find in these depart­ments the majority of econo­mists working for us, here we can only can get a glimpse of some of the topics that econo­mists busy them­selves with at Hannover Re. With an appro­priate focus in the field of studies or by corres­ponding profes­sional experience, other interesting opportu­nities open up for economists in designated positions.