Recognising damage before it occurs.
As an actuary, you will specialise in identifying and assessing risks to calculate appropriate premiums or reserves for our policies. This involves using mathematical, statistical and actuarial models and methods to make the best possible estimates of future expenses and losses. This helps us to minimise risk.
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Discover our actuarial profession and the opportunities it offers.
Are you a mathematician or an actuary? Then there are many opportunities for you to work with us. For example in our Life & Health, Property & Casualty, Group Risk Management, or Reinsurance Accounting & Valuation divisions.
Life & Health (L&H) reinsurance focuses on the coverage of biometric risks such as mortality, longevity, disability, illness and more. When working with our clients, you will collaborate closely with mathematicians, actuaries, scientists and lawyers to develop tailored reinsurance solutions.
Property and Casualty (P&C) reinsurance covers risks arising from property damage and bodily injury, including for example, fire and natural catastrophes. In this role, you will assess reinsurance contracts using so-called stress scenarios. By applying models and drawing on experience based on historical data and observations, you will derive estimates for future cash flows. You will also contribute to the further development of our actuarial models and prepare statistical analyses and validations to identify empirical values and new trends.
In Group Risk Management, you will analyse the business and assess the risks involved to determine how much risk we can take on.
We offer a special training programme for mathematicians and scientists whose work requires actuarial knowledge. We support you in your training to become an actuary with the German Actuarial Association (DAV), in training programmes with other internationally recognised actuarial organisations (e.g. UK, US, etc.) or in obtaining the CADS additional qualification. Of course, we will cover the costs and give you time off for exams and similar appointments. If you wish to develop your skills as a risk management actuary, we will also give you the opportunity to gain the additional CERA qualification.
"I joined Hannover Re in 2021 because I was curious. Today, I particularly appreciate the variety within the job, the regular exposure to new topics and challenges, and the opportunity to work independently in an international field of business."
Podcast with actuary
You want to learn more about your opportunities as an actuary at Hannover Re. In our podcast, Kristina Ende shares her experience and how she became an actuary at Hannover Re.
The competencies we use here
In your role as an actuary in our company is so varied, you will need a wide range of qualifications. In general, a degree in mathematics is an advantage. However, we also welcome applicants with a degree in a natural science (e.g. meteorology, physics or geosciences), a degree in computer science, economics - with a quantitative focus - (insurance) business training or a comparable qualification.
We value these skills:
- Professional further training, e.g. as an actuary (DAV, CERA, CADS) or CFA
- A very good understanding of numbers, a high level of attention to detail and technical affinity
- A high level of service orientation and intercultural competency
- If you're able to understand and process complex issues and summarise them in a simple and understandable way, you've come to the right place
By the way, you don't need to have all these skills. You can find out more about our specific requirements in our current vacancies.
