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So what exactly
does a reinsurer do?
In its simplest terms, reinsurers insure insurance companies to
help them spread their overall risk. Reinsurance means that a portion
of the financial risk originally assumed by an insurance company,
is assumed by a reinsurer. The so-called primary insurers, insurance
companies, assume risk from private or corporate clients and transfer
part of that risk to reinsurers. They do this because the risks
are too large or too volatile for a single insurance company to
shoulder on its own. The purpose of reinsurance is to distribute
the risk among one or more reinsurance companies, thus making the
loss bearable for each company.
Interesting,
demanding and multifaceted; these are descriptions that uniquely
fit the reinsurance business, a business that requires cooperation
among a wide range of specialists.
Why Choose
Munich Re?
It is easy to see why so many companies choose Munich Re to work
with - proven reinsurance support.
No other company
can match our overwhelming capital strength, financial flexibility,
superior service and innovative solutions. In Canada, we are the
industry leader with a significant market position in all lines
of life and health business (Life, Group Life and Health and Living
Benefits Insurance). In addition, the unparalleled support provided
by the international operations of the Munich Re Group, the largest
reinsurer worldwide, makes us the reinsurance company of choice
to work with.
So why choose
Munich Re as your employer? The answer to this question is simple.
Working at Munich Re means that you are part of a successful organization,
with proven business success in Canada and around the world. It
means that you are at the leading edge of the industry, helping
to mold and shape our business and contributing to the unparalleled
growth we have experienced as a company. But it's more than just
our success that makes us so attractive.
We are convinced
that what makes Munich Re so interesting is its people... people
who are drawn to, and are driven by, an environment where diversity
and change abound. Forward thinking (and looking) people, who see
unlimited possibilities and strategize ways to develop new business
opportunities. Talented people, who understand their strengths and
use them to succeed in their roles. Team oriented people, who strive
to achieve together, but respect the uniqueness of individuality.
We strongly
believe that the key to the unparalleled growth and success of Munich
Re is the commitment and dedication of its talented people.
And as our reinsurance business continues to evolve, our employees
are provided with the tools and support they need to grow into new
roles and to meet new challenges, both in Canada or at our operations
around the world. To assist the organization in meeting these needs,
Munich Re conducts a confidential annual survey of its employees
to gather their feedback on ways it can further improve the work
environment.
We believe that
by recruiting individuals with the right talents for a particular
job and offering them opportunities to develop these talents, our
clients will receive the best possible service and our employees
will achieve both personal and professional growth. As a result,
our organization will continue to be one of the most innovative
and enterprising reinsurers in Canada and around the world.
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What
else will you like about us?
