Trainee programme for mathematicians

For many years Hannover Re has been offering a practice-tested trainee programme focused on graduates in economics (business administration and economics) and (commercial) law as well as graduates in cultural studies. The purpose of this cross-divisional programme is to systematically train young talents for our core business, namely underwriting.

In 2009 Hannover Re launched another special training programme for (business) mathematicians. This reflects, in the first place, the continuous and marked growth in the need for qualified mathematicians in recent years; secondly, we have recognised the advantage of this highly tailored internal form of further training and now applied it to graduates in the field of mathematics. So far, we have already recruited four trainees to this programme since 2009.

Lasting roughly a year and a half, the programme offers trainees the opportunity – through five to six placements – to get to know the various mathematically oriented departments of Hannover Re in a highly structured manner. We offer this programme for both of our business groups, i.e. life and health reinsurance and non-life reinsurance; what is more, participants also experience the areas of risk management and quotation, Hannover Re Advanced Solutions Germany and the Insurance-Linked Securities unit. In some instances trainees are already able to participate in projects, but they also familiarise themselves with line functions from the ground up. Along with internal opportunities for further training, including for example language courses, programme participants are able to begin studying towards certification as an actuary DAV just a year after entry. Ideally, their final placement is at one of our locations abroad.

We are delighted that the first trainees will soon have completed their programme and will be able to go on to assume stimulating tasks within our company.

Going forward, Hannover Re intends to continue recruiting trainees not only for reinsurance business but also in the field of mathematics. In this way, dedicated graduates have the chance to familiarise themselves with reinsurance business from many different perspectives – and eighteen months later Hannover Re has at its disposal mathematicians with a specialised background in reinsurance.