Starting a career at Hannover Re
Have you studied economics, mathematics, or law, and are you looking for an analytical career with an international focus? If so, joining Hannover Re as an underwriter could be just right for you. Read on to find out what underwriters do, which skills are important, and why this job is an attractive starting point in the world of reinsurance.
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What do underwriters do?
Starting a career in reinsurance
Starting a career in underwriting means understanding and actively shaping the world of risk. As an underwriter, you examine risks, evaluate contracts, and develop customised insurance solutions.
In reinsurance, you do not work with private individuals, but with insurance companies worldwide. In this way, you ensure that they can reliably insure their customers.
Typical tasks in underwriting
- Analysing risks in markets, companies, or projects
- Evaluate financial and legal framework conditions
- Developing reinsurance solutions and calculating prices
- Negotiating contracts with customers, or brokers
- Supporting customers worldwide - digitally and personally
In this way, you will help create security and stability for companies worldwide while gaining insights into international markets, industries and future topics.
What underwriting means at Hannover Re
Underwriting at Hannover Re means actively shaping the entire process from initial contact to contract renewal. You combine analytical thinking with an understanding of the market and international cooperation.
As an underwriter, you will work closely with primary insurers, brokers, and colleagues worldwide. You are the first point of contact for our customers worldwide and decide which risks we can take on as part of our approach. On this basis, you develop suitable premiums and policy conditions that create stability and added value.
To do this, you use our own statistical models and data analyses to make well-founded decisions. In addition to figures, market developments, and financial conditions, personal contacts also play a major role, because no two risks are the same. In discussions with customers and colleagues worldwide, you will find individual solutions that provide long-term security.
Our work is as diverse as the risks themselves: We cover both traditional property and casualty reinsurance as well as complex specialty areas such as transportation, aerospace, and exposed risks such as oil platforms. This also includes the global life and health reinsurance business.
What makes us special: With us, you will accompany the entire underwriting process - from the initial inquiry to contract and renewals. You will work in a team, with international collaboration and a high degree of autonomy. You will be part of the heart of reinsurance and help to ensure that companies can operate safely worldwide.
Valeria about her job as an underwriter
Curious what underwriting actually means in practice? In this video, Valeria, Underwriter for the Caribbean market, explains what underwriting is all about – from assessing risks to shaping tailor-made solutions for our clients. Watch the video to learn more.
"What does the US election mean for wind turbines in Europe? What role does it play in corporate investment decisions? And what are our local customers saying about it? From political and economic analysis to personal interaction – working at Hannover Re is different!"
Podcast: career as an underwriter
Want to hear what it's like to work as an underwriter at Hannover Re? Maria Hart, underwriter at Hannover Re, talks about her personal career path and gives exciting insights into the work of underwriting.
What skills do you need as an underwriter?
As an underwriter at Hannover Re, you work at the interface between data, the market and people. This requires a good feel for figures, interrelationships and communication, as well as enjoyment in advancing topics together as a team.
We value these skills for starting out in underwriting:
- Analytical thinking: you recognize patterns in data, assess risks, and make well-founded decisions.
- Customer orientation: You understand the needs of our customers and develop suitable reinsurance solutions.
- Strong communication skills: You can communicate complex topics clearly and to the point - both internally and externally.
- Team spirit: You work closely with colleagues from different areas and countries.
- Willingness to learn: You remain open to new topics, methods, and markets.
- Digital affinity: You use modern technologies, tools, and data models confidently in your daily work.
- Flexibility: You can adapt well to new situations, customers, and market conditions.
- Foreign language skills: English in particular is an important part of your daily communication in Hannover Re's international environment.
You can join us even without direct experience in underwriting, for example with a background in economics, mathematics, law, healthcare or cyber security. Curiosity, openness and a willingness to learn new things are more important than a specific specialist profile. You can find out which skills and experience count for each position in our current vacancies.
