The integrated degree programme at Hannover Re enabled me to combine theoretical knowledge with practical experience at a large reinsurer. Always keeping to a three-month rotation I either worked at the company or studied at Hannover University of Applied Sciences (FHDW). The course lasts three years altogether and at the end you are not just an insurance practitioner certified by the Chamber of Industry and Commerce, you also graduate with a Bachelor of Arts degree in business administration with an insurance concentration.
I spent each of the three-month periods with the company in different specialist units. My first stop was the Aviation and Space department. The staff there showed me the various risks in this line of business and of course how to underwrite contracts. I was also able to attend a range of introductory seminars that gave me the opportunity to better get to know the company's workflows. Another department where I spent time was Technical Accounting. My tasks here included the booking of premiums and quarters.
At the University of Applied Science in Hannover I read business administration with the required concentration in insurance. I had initially chosen financial services as my second concentration, although I changed this during my course in order to gain the greatest possible insight into the diverse areas of business management.
I had decided to pursue the integrated degree programme because I was really attracted by the interlinking of theory and practice. The knowledge conveyed by the lecturers at the university can be directly applied shortly afterwards in everyday working life. As a student, then, you get a rough idea of what happens in the real economy. An added advantage is the opportunity to study at a private university. Instead of sitting together with hundreds of other students in a large lecture theatre, our tuition took place in small groups. Needless to say, this had a favourable effect on the learning atmosphere and you got a lot more out of the lectures.
I was keen to work in the reinsurance industry because it is so multifaceted and international. The risks that we cover – whether aircraft, ships or satellites – are incredibly interesting. I have the feeling that with Hannover Re I am always thinking outside the box and learning so many new things. It is great to enter the profession with a company of this size.
Today I am working in the Group Auditing department. We deal, among other things, with internal and external compliance requirements and assist the Board of Hannover Re exercising its obligation to monitor the organization systematically, risk-oriented and process-independent. The future of my work will remain varied and exciting.