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Reinsurance for insurance companies - Germany, Austria , Switzerland and Europe

Pabst walks through fire.

 

Gregor Pabst, Underwriter

Business economist qualified at a university of applied sciences

Facultative Property and Service

with Deutsche Rück since 1999

 

Gregor Pabst, Underwriter

"Deutsche Rück doesn't have a further-training catalogue: Seminar offerings are individually tailored to suit each staff member."

Gregor Pabst has been with Deutsche Rück since 1999 and is now responsible for decisions with an impact he would never have dreamt of at the start of his career. So, logically enough, we don't tell him which seminars to attend: he himself knows best which further training courses make sense for his job.

Pabst learned his profession from scratch. After qualifying for university entry (Abitur) in 1989, followed by one year in the US and a four-year stint as an officer in the armed forces, he started his professional life in the field force of an insurance company. He quickly realised that this wouldn't stretch him enough, so he appended a course of studies in business economics.
 
He is today responsible as underwriter for participation in facultative risks, meaning risks that must be considered separately due to their magnitude or nature – especially fire insurance for industrial operations, power plants or hospitals. In this respect, it is necessary to assess how the property is protected, what claims experience it has and whether the premium rate reflects the risk or whether other reinsurers should be involved, too. And then comes the part of his job that inspired its name: in signing, he is accepting and underwriting the primary insurer's risk.

In Service, he supports primary insurers in their day-to-day work – analysing special insurance conditions, say – or in other actuarial issues. He also collaborates in teams set up to develop new products, and designs training courses. Faced with so many new tasks and perspectives, there is only one thing missing from his working life: boredom. In his spare time, incidentally, Pabst still likes to work up a good blaze on the barbecue.