Join Allianz Commercial's Treaty Reinsurance team as a Working Student (20 hours/week) based in Munich. Our international team of experts in Munich, London, and the US is responsible for placing all external reinsurance treaties across every line of business. As owners of one of Allianz Commercial's key risk management tools, we drive the reinsurance buying process in close collaboration with Underwriting, Claims, and the Actuarial Department. This role offers a rare opportunity to gain hands-on exposure to global treaty reinsurance at one of the world's leading commercial insurers - ideal for students looking to build a career in insurance, risk management, or finance.

The Impact You Will Have

You will actively support our team in analyzing, developing, and administering external reinsurance treaties - gaining meaningful insight into how reinsurance works on a global scale. The Reinsurance department at Allianz Commercial strategically coordinates optimal treaty coverage worldwide, managing renewals, modifications, and the introduction of new arrangements. Through close collaboration with departments such as CUO, Claims, Finance, Legal, Actuarial, and Cat Management, you will broaden your understanding of the insurance industry and see firsthand how cross-functional teamwork shapes risk strategy.

Some of your specific responsibilities could include

• Support data analysis workflows: collect relevant data for renewal submissions and assist in analyzing information to support decision-making.

• Contribute to creating reinsurance performance statistics on a case-by-case basis, helping to evaluate risks and opportunities.

• Participate in the preparation of reinsurance cost planning, including budget estimates and projections.

• Develop and deliver clear and concise presentations, ensuring complex reinsurance concepts are communicated effectively to internal stakeholders.

• Work closely with various teams and departments - including CUO, Claims, Finance, Legal, Actuarial, and Cat Management - to facilitate smooth communication and coordination within Allianz Commercial.

What You’ll Bring to the Role

• Currently pursuing a degree, ideally in Mathematics, Finance, Economics, or Business, with a focus on quantitative or analytical problem-solving.

• Strong analytical thinking and the ability to grasp complex concepts quickly.

• Proficiency in Microsoft Office tools, including Excel, Word, PowerPoint, and Access.

• Excellent command of English; German language skills are a plus.

• An open, collaborative mindset and comfort working across inclusive and multicultural team environments.

• Previous experience or internships in an insurance or financial services company are an advantage.

• Clear communication skills - whether in writing or in conversation.

• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

Further Information

• Duration at least 6 months (preferably longer)

• Working hours: 20 hours/week

• Enrollment at the university/college is a prerequisite for the duration of employment.

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here

Learn more about Allianz Commercial by clicking here

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 matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of 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.