Client seminars and scholarship programmes
For Munich Re, promoting talented staff does not end at its own front door. Our commitment to proficiency and competence also extends to the staff of our international clients.
Through the exchange of expertise and knowledge with our clients and their staff, we use the synergistic potential that emerges from our close business ties. In 2006, Munich Re played host to 800 participants in 35 client seminars.
An attractive scholarship programme supplements our extensive service offering and helps to develop and consolidate our client relationships. A sizeable number of past scholarship holders and trainees are now working in key positions at client companies – testifying to sustainability that benefits ourselves and others.
Development programmes for international high potentials
Our training programmes are known and valued today under the names of their initiators, Dr. Alois Alzheimer und Dr. Horst K. Jannott – both outstanding chief executives of Munich Re.
The first guests came from India, Pakistan, Indonesia, and Japan in 1953. These were soon followed by participants from Latin America, Africa, and other European countries. After these modest beginnings, our programmes soon evolved into a valuable institution that is well-known for passing on specialist insurance knowledge. The scholarship programmes are geared to high-potential employees in the international insurance industry, particularly prospective managers aged between 25 and 38. Every year, ten to twelve young high-flyers are given the opportunity to spend a period of training at Munich Re. The costs of travel and accommodation are borne by Munich Re.
Great importance is attached not only to the scholarship holders becoming familiar with the host country and the host company but also to the intercultural aspect – with people from twelve different nations and cultures living together at the Munich Re Guest House.
The Alois Alzheimer Scholarship
During their five-month stay in Munich, the participants go through a training programme with scholarship seminars on nearly all areas of insurance and reinsurance. The programme is complemented by modules focusing on social skills, work techniques, project management, and other special topics. Individual research projects related to the insurance industry and the trainees' home insurance markets are another important part of their stay.
The Dr. Horst K. Jannott Scholarship
This is a three-month scholarship, including as its core element a spell at the Center for Insurance Research at Georgia State University in Atlanta. This two-month period of study provides scholarship holders with a comprehensive insight into the US insurance market and gives them an opportunity to work on a research project which they themselves select. This is followed by an information visit at Munich Re in Munich. In the past 25 years, 177 participants from 56 nations have profited from this programme.