… you have arrived at the historical Main Building of the reinsurer Munich Re in Munich. And that applied to the participants in the #IMMERSE event as well, who had travelled here from all around Germany, Europe and even Canada to immerse themselves in the topic of reinsuring cyber risks together.
After a brief round of greetings and introductions, Thomas Blunck, a member of the Board of Management of Munich Re, described new and exciting issues and markets for Munich Re that are becoming ever more important today due to internationalisation and digitalisation. It quickly became clear what risks cyber crime brings with it, and what it can mean for a company.
The next item on the agenda was an introduction to the Design Thinking method – a creative process for finding innovations – given by Wiete Eichhorn, Senior Consultant at Better Today, followed by grouping the students into teams for tackling the case study.
Why were the students given the Design Thinking method to work through the #IMMERSE challenge? Because the event's mission was to gain a real insight into the world of Munich Re: Munich Re employees around the world use Design Thinking to create the best possible solutions for their clients.
Then there was time for participants and company representatives to chat at a delicious three-course lunch in Munich Re's guest canteen.
And then came the next highlight: A guided art tour through the Munich Re headquarters and its underground tunnels, which connect it to other Munich Re office buildings in the Schwabing district of Munich.
In the afternoon, the starting gun for the case studies went off, and the students were given their challenge.
What was the case about? The participants took on the role of the underwriters at Munich Re, who gather all the necessary information on a given case and then work out the best possible insurance solution for the clients. The company representatives from Munich Re assumed the role of the client – in this case, the fictitious company "Cleanstrom AG".
What had to be done? "Find ways to protect data and secure against their loss, and analyse risks and possible losses caused by cyber attacks at Cleanstrom AG!" The four case teams got to work immediately, and worked hard on their solutions until the evening.
Then they all went to the Lenbachhaus art gallery. In a special welcome by its Director, Matthias Mühling, we found out interesting facts not only about the gallery, but also about its close relationship with Munich Re.
At the get-together that followed, we then had the opportunity to personally get to know the artist Agnes Jänsch, whose works are exhibited in the Munich Re Art Collection, and to find out how she came to pursue her passion for art after working as a psychologist. Then, with the subsequent dinner in the ELLA Bar in Munich city, the first day of #IMMERSE came to a perfect end.
On day two, after a second phase of intense work on the case in the teams, Maximilian Schumacher, Talent Management Consultant at Munich Re gave us an overview of the career possibilities at Munich Re. The reinsurer has something for everyone: from internships to writing bachelor, master and even doctoral dissertations, and on to an international trainee programme.
The International Graduate Programme is something that anyone looking to gain international experience should definitely take a look at. This programme offers the opportunity to get to know Munich Re trainees from all around the world, to make new contacts and to enlarge your network.
Then the groups presented their ideas. After a brief discussion, the jury, which included members of the Management Board of Munich Re, was ready to announce its decision, and the winning #IMMERSE team was chosen. Their prize was a trip to London together. All other participants won a voucher for a year's subscription to Netflix for their excellent work.
As the saying goes: Time flies when you're having fun. And so it was that the two days full of fascinating workshops and encounters were over almost before they had begun.
Thank you, Munich Re, for the wonderful event! Have fun in London, winning team, and a special hello to our former Loft intern Philipp, who is now at our partner company.