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.
Department Description
The Group Risk business development team is responsible for the profitable growth of the group risk reassurance business by nurturing and developing existing and new marke
You will provide reinsurance accounting and claims services to Munich Re clients and support the accounting operations within the RI CFO unit. This requires efficient management of a reinsurance ac
In this role at Munich Re of Africa, you will be expected to:
Be part of different data analytics and digital solutions teams in the capacity of an actuarial domain expert to fulfill project spe
Your job:
Take part in Soft Skills and Technical training.
Implement the Engineering business line strategy, by underwriting all business, following the MRoA underwriting authority and with su
Your job
Part of the team responsible for the local implementation of IFRS 17: (Challenging results and drivers, assessing adherence to the Standard and deriving input assumptions)
Reserving f
Your Business Unit:
Reporting to the Chief Operating Officer, MRoA, you will manage a small team to develop and implement the corporate communication and marketing strategy for MRoA. Y
Your job:
You will manage the end to recruitment process aligned to the Munich Re guidelines on job postings, short listing and interviewing. Ensuring that appropriate interview and assessment p
Munich Re of Africa (MRoA), is seeking an experienced person to fill the position of Internal Auditor. You will be responsible for performing audits at MRoA. Furthermore, you will be expected to add v
This is an important position in the Risk Services space which services all lines of business from a regulatory framework perspective – covering topics like ORSA / Information Security / Busines
As a Graduate at Munich Re of Africa, you will:
Take part in Soft Skills and Technical training
Conduct daily department specific tasks
Participate in team specific tasks and deliverables
Your job
As a Graduate at Munich Re of Africa, you will be expected to:
Take part in Soft Skills and Technical training
Conduct day-to-day business unit specific tasks
Participate in team
Your Job
As a Graduate at Munich Re of Africa, you will be expected to:
Take part in Soft Skills and Technical training
Conduct day-to-day business unit specific tasks
Participate in team
Your Job
As a Graduate at Munich Re of Africa, you will be expected to:
Take part in Soft Skills and Technical training
Conduct day-to-day business unit specific tasks
Participate in team
About the job
YOUR JOB
The role is responsible for underwriting of new and renewal of existing business in standard risk classes and together with more senior underwriters within the facultat
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
This position bears responsibility for:
Managing team that updates and maintains all terms of trade for MRoA
Same team has responsibility for doing experience studies for tender or
Job description
Munich Reinsurance Company of Africa Limited (MRoA) has been operating in South Africa for almost 50 years. The Head Office of MRoA is in Johannesburg, with a client service office si
