Mathematicians and statisticians

Reinsurance is an interesting field offering a wide variety of tasks for mathematicians.

Range of activities

Munich Re provides reinsurance solutions for many different requirements all over the world – earthquake risks in Japan, airlines in Latin America, container ships in the Indian Ocean or the FIFA World Cup. What risks are associated with this and what are the loss scenarios Munich Re must anticipate? It is the job of our mathematicians and statisticians to answer these questions. They look for suitable mathematical methods, analyse all the figures available and make the most precise estimates possible.

Munich Re’s global knowledge network is the basis for this. Our mathematicians work closely together, exchange ideas, present their latest findings in professional circles, introduce mathematical methods and programmes, and provide information on the latest developments. They are often directly involved in discussions with all sorts of clients. Munich Re integrates the mathematical methods and models in software programs that benefit clients and staff alike. Our mathematicians thus also cooperate closely with our IT specialists, who provide for a user-friendly interface, while the mathematicians have responsibility for the mathematical processes and their programming.

Requirements

To meet the many different and dynamically changing requirements, mathematicians at Munich Re need to familiarise themselves with new topics quickly and be open to new ideas. Their expertise is highly valued, particularly among underwriters, in view of the increasing complexity of treaty structures, IT programs and legal requirements (e.g. Solvency II). Mathematicians are much-sought-after knowledge purveyors here. In addition to actuarial know-how, they must possess foreign-language and communication skills. Other challenging activities and development opportunities for mathematicians are available in the fields of IT, risk management, controlling and accounting.