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Hannover Re is hiring an

Actuarial Analyst (Modelling)

Hannover Re, with gross premium of more than EUR 33 billion is the third largest reinsurer in the world. Through its 170 locations worldwide, it transacts all lines of property & casualty (“P&C”) and life & health (“L&H”) reinsurance. In Bermuda, its core subsidiary Hannover Re Bermuda Ltd (the “Company”) is a BMA regulated dual license reinsurer. Focusing on property catastrophe excess of loss programs, it offers reinsurance capacity to insurers worldwide and writes more than USD 1 billion of annual gross written premium for this segment.

We are currently seeking applicants for our Actuarial Modelling Analyst position.

Your Tasks

  • Analyse, model and price new business opportunities and existing book in accordance with group and local guidelines.
  • Develop and customize pricing models and assumptions for various lines of business in various geographical locations.
  • Effectively perform catastrophe-modelling using vendor- and in-house developed models and resolve any occurring issues.
  • Conduct loss feasibility analysis to validate modelled results.
  • Provide technical pricing and further actuarial support to the Underwriting Team by sharing knowledge and making recommendations.
  • Implement modelling assumptions accurately in the modelling process, ensuring correct results to quantify the Company’s catastrophe loss potential.
  • Provide input for exposure management and portfolio steering of the Company.
  • Support Head of P&C Actuarial with regulatory filing and other reporting requirements.
  • Actively contribute to complex projects through collaboration and recommendations for effective problem solving and analysis.
  • Assist in the development and further improvement of tools to automize and improve department efficiency.

Your Profile

  • Bachelor’s degree in business, mathematics, economics or actuarial science.
  • Working towards an Actuarial certification with a minimum of three (3) years actuarial experience in property & casualty pricing.
  • Profound knowledge in the usage of natural catastrophe models from Verisk (AIR).
  • Experience in validation of third-party Nat Cat models.
  • Strong analytical and problem-solving skills with great attention to detail.
  • Excellent communication skills, both verbally and written.
  • Proficient with Microsoft Office Suite of applications and SQL.
  • Willingness to work additional hours as needed to meet business objectives

What We Offer

Atmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual esteem and a readiness to help.

Benefits: Structured onboarding, flexible working arrangements, benefits superior to those of the collective agreement as well as fitness and wellness programmes are just some of what we can offer you.

Perspective: Show us what you are capable of and seize the opportunity to actively shape your professional future.

If you too would like the assurance of a different way of working, start your career with us. Hannover Re (Bermuda) Ltd. is an equal opportunity employer who embraces a culture that celebrates and promotes diversity and inclusion.

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