The product provider department consists of a team of specialty members, actuaries and product analysts which continuously work on developing all types of products (existing and new), including products for specific customer segments. The department works with a customer centric approach through developing need based insurance solutions that fits various needs and segments.
What do they do?
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Their Role
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Their Tasks
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Tools and Methods
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Work Enviroment
Product Providers build the backbone of our business. They calculate costs and determine technical prices and help design our products. As strategic thinkers with a deep understanding of financial systems, our investment actuary and actuarial analysts play a key role for the stability and future development of Allianz, and have a direct impact on business decisions.
They work as business partners and consultants with our product managers and underwriters and provide technical expertise to ensure our products are best-serving our customers while enabling Allianz to be more profitable and more competitive.
The responsibilities of our product providers are manifold:
- Meet a wide range of challenges in our insurance sectors life & health and property & casualty: pricing, reserving, risk management, loss analysis, risk modeling, controlling and product development
- Develop and apply models and tools to gain insights into the implications and containment of financial risks.
- Directly influence the business strategy by calculating the risk capital and the possible fluctuations of the reserves.
- Be directly involved in turning ideas into new products: Your tasks range from development, risk assessment and technical coordination of the product development process to pricing.
- Pro-actively monitor new trends and products from competitors. Analyzing and steering the external ratings of products and corporations are also part of your responsibilities.
As a global player Allianz follows the highest international actuarial standards. Our actuaries have access to the latest data, our financial management systems as well as our groupwide analysis and valuation methodologies. Depending on the position you will work with leading data modeling software like Willis Towers Watson.
The continuous knowledge exchange with experts from different departments like Risk, Planning & Controlling and Accounting, as well as with actuaries in other Allianz entities around the world fosters an environment of personal growth and progress. Responsibilities are manifold and the latest data, solution approaches, economic forecasts and legal frameworks are at your fingertips.
Your Opportunities
We offer a variety of career opportunities, explore what suits you best.
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Students
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Graduates
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Professionals
Studies in the field of Actuarial Science, Mathematics, Economics, Finance and Statistics are the ideal prerequisites for joining Allianz in actuarial services at student level. Depending on the entity and country you have different options to start your actuarial career. Combine your ongoing studies with practical experience and join us as working student or for an actuarial internship.
Are you motivated to explore the set-up of Allianz and to work closely with experts from various fields? With an academic background in Actuarial Science, Mathematics, Economics, Finance, Statistics or similar you can directly join one of our actuarial teams or apply for one of our graduate programs. Find more information and open entry-level positions in our job search.
We are looking for experienced actuaries who have stayed up-to-date with the latest developments in the market. Use your expert understanding and knowledge of market consistent principles and stochastic modeling skills to contribute to our business. Explore the wide range of actuarial job opportunities and find your new challenge at Allianz.