AddressMunich Re Centre 47 Empire Road, Parktown Johannesburg 2193 South Africa
About Munich Re
The foundation of Munich Reinsurance Company in 1880 is largely due to the efforts of Carl Thieme. It is also Thieme who stated that: "By its nature, reinsurance needs to be international". He consistently follows his conviction by putting the company on an international footing from the v... read moreery start. He establishes a business model whose essential features remain valid up to the present day: independence from primary insurers, a broad spread of risks, an efficient system of treaty management, working in partnership with clients and innovative insurance concepts.
Munich Re quickly develops into one of the leading risk carriers worldwide, and has been helping shape the insurance industry ever since. In 2010, with the aim of reviewing the historical role and development of the company, Munich Re commissions business historians Johannes Bähr and Christopher Kopper with the task of producing an independent study on the company's history. It is published by Verlag C.H. Beck in the autumn of 2015 with the title "Munich Re - Die Geschichte der Münchener Rück", and covers the period from 1880 to 1980. The English edition will follow in 2016. The stages of the company's history detailed below have been based on the findings of the study and reflect research covering the years up to 1980. This applies in particular to the entirely new chapter on the role of Munich Re during the Nazi period.
Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation.
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. In the financial year 2016, Munich Re (Group) achieved a profit of €2.6bn on premium income of €48.9bn*. It operates in all lines of insurance, with more than 43,000 employees throughout the world.
Reinsurance
With premium income of €27.8bn from reinsurance alone, Munich Re is one of the world's leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after business partner. Our roughly 12,000 staff in reinsurance possess unique global and local knowledge. Munich Re attaches great importance to its client service, which regularly receives top ratings.
Primary insurance
Our primary insurance operations are mainly concentrated in the ERGO Group AG. Worldwide, the Group is represented in over 30 countries and concentrates on Europe and Asia. ERGO offers a comprehensive spectrum of insurance, provision and services. In its home market of Germany, ERGO ranks among the leading providers across all segments. About 43,000 people work for the Group, either as salaried employees or as full-time self-employed sales representatives. In 2016, ERGO recorded a premium income of €16.0bn.
Asset management
The Group’s worldwide assets of €219.4bn are managed by MEAG. The quality of our asset management proved its worth during the recent financial crisis, which Munich Re weathered with continued financial strength.
In addition, MEAG also offers its expertise to private and institutional clients. The volume of assets under management amounts to a total of €19.2bn.
* Munich Health: The units of the Munich Health field of business were integrated into other divisions as of 1 February 2017. The reinsurance units were merged with the Life reinsurance division, and primary health insurance business was transferred to ERGO. Under the Munich Health brand, Munich Re achieved a premium income of €5.0bn in the financial year 2016.
We are looking for a Client Manager in our Client Management Team for the Non-Life business to manage the substantial Munich Reinsurance Africa Branch (MRAB) portfolio and find new opportunities to
Job Description
We are looking for a Client Manager in our Client Management Team for the Non-Life business to manage the substantial Munich Reinsurance Africa Branch (MRAB) portfolio and find n
Your Role:
Manage the financial performance of MRAB’s Structured Solutions reinsurance treaties.
Identify and implement improvements to the financial and risk management processes monito
Your Role:
Understand Munich Re's strategy/value proposition/unique selling proposition, sales approach (e.g. direct vs. broker), tactical steps and positioning of competitors compared to MR
We are looking for a Client Manager in our Client Management Team for the Non-Life business to manage the substantial Munich Reinsurance Africa Branch (MRAB) portfolio and find new opportunities to
Your Role:
Providing claims risk management expertise to the MRAB Life team and clients.
Marketing of claims risk management services to clients (Life Insurance companies).
Promoting and ens
Your Role:
Manage the financial performance of MRAB’s Structured Solutions reinsurance treaties.
Identify and implement improvements to the financial and risk management processes monito
Your Role:
Providing claims risk management expertise to the MRAB Life team and clients.
Marketing of claims risk management services to clients (Life Insurance companies).
Promoting and ens
We are seeking a Senior Treaty Accountant to join our Life Reinsurance Accounting Team, reporting to the Head of Life Accounting. This team is responsible for the complete technical accounting proc
Your Role:
Update and maintain all Terms of Trade for MRoA
Maintain the highest standard of technical competence & ensuring global and local guidelines are followed
Work with the regiona
Your Role:
Update and maintain all Terms of Trade for MRoA
Maintain the highest standard of technical competence & ensuring global and local guidelines are followed
Work with the regiona
We are looking for an Actuarial Analyst for our Technical Pricing Team which falls under the Life Retail Product and Pricing department. The Life Retail Product and Pricing department ensures
Your Role:
Contribute towards and assist with all analyses and review tasks performed in order to satisfy the regulatory and internal requirements of the Risk Function
Review and quality assur
Your Role:
Perform experience reviews and pricing for all regions
Price new business, new initiatives and product development
Ensure that Munich Re’s actuarial and risk managemen
YOUR JOB
Developing and growing a sustainable book of business and exploiting new business potentials through active development of relationships with clients and brokers in South Africa, Sub-Sa
Your Job:
Are you a newly qualified life actuary who enjoys being part of a team of highly skilled and motivated colleagues? Are you able to relate well to people from different backgrounds and cul
Your Job:
Are you passionate about developing innovative solutions that increase financial growth for our clients? As the Financially Motivated Reinsurance Solutions Actuary for Munich Re of Africa
As a graduate you woud be expected to:
Take part in Soft Skills and Technical training
Implement the Engineering business line strategy, by underwriting new and existing business, in accordanc
