About Us
Reinsurance is positioned at the core of the Allianz Group. At Allianz Reinsurance, we provide customized reinsurance solutions by combining technical expertise with deep local market knowledge. Building on our core strengths, we continuously expand our offerings, including advancements in portfolio analytics, catastrophe risk visualization and assessment, and run‑off management. These activities play a vital role in stabilizing and diversifying the Allianz Group, supporting our purpose to secure our customers’ future—today and tomorrow.
Job Purpose / Role
As a CAT Portfolio Analyst, you will play a fundamental role in analyzing and managing our portfolio of catastrophic risks. In your role, you will support efforts to assess risk exposure, develop strategies, and support decision‑making processes to optimize our Nat Cat reporting processes and ensure resilient limit monitoring, while adhering to Solvency II regulations and managing the Nat Cat premium risk.
Key Responsibilities
Maintain and develop the internal model for Nat Cat for Allianz Group, ensuring its alignment with industry standards and regulatory requirements within Solvency II
Conduct, develop and refine risk capital calculations for Nat Cat portfolio and impact analysis, effectively communicate to senior management and other stakeholders within Allianz Group and Allianz Re
Perform Nat Cat Limit System monitoring and reporting, ensuring timely communication to senior management.
Perform and support in developing data‑driven strategies for portfolio steering.
Critically assess the data quality, strengths and limitations of capital modelling and contribute to its continuous improvement
Support Solvency II related topics around Cat Capital Assessment (documentation of results, tools and processes)
Collaborate with underwriters, actuaries, and cross‑functional teams to craft and implement effective capital modeling and reporting
Support Allianz Group and Allianz Re with analytical tasks around the measurement of Cat exposures, Cat capital reporting, Cat exposure data management, sensitivity testing and analytical analyses around externally placed reinsurance for the group
Qualification
University degree in Mathematics, Physics or natural sciences
Up to 5 years of proven working experience in relevant field. Experience in project work as subject matter expert.
Experience in Solvency II internal modelling, risk analysis and portfolio management.
Good understanding of (re)insurance business and treaty structures.
Good knowledge of risk assessment tools
Good understanding of design of vendor models, DFA tools and aggregation platforms
Strong analytical, mathematical and statistical skill set to solve complex analytical problems
Strong data analysis and programming skills in high level and scripting languages
Ability to perform accurate capital risk modelling, portfolio management and sensitivity analysis under time pressure
Knowledge of Cat Modeling vendor tools like Moody's RMS and Verisk is a plus
Knowledge in machine learning, deep learning or AI methods advantageous
Contribute to cross‑risk analytics initiatives, including the enhancement of Cyber risk scenarios and collaboration with the Cyber Center of Competence
Experience & Key Skills
Experience in the (re-)insurance industry
Professional experience in risk analysis, portfolio management and Solvency II regulations
Drive to keep up‑to‑date with technology and market developments
Strong communication and presentation skills to explain complex topics
Competency of thinking in business terms and pro‑active addressing of customer needs / challenges
Independent, structured and and diligent working style
Strong interpersonal skills and cultural awareness
99560 | Underwriting | Professional | | Allianz Reinsurance | Full‑Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let’s care for tomorrow.
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