Juergen Prange, Vice President

Juergen Prange

Vice President

Swiss Reinsurance Company Ltd.

Location
Switzerland
Education
Master's degree, Business Administration with Major in Insurance and Risk Management
Experience
33 years, 3 Months

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Work Experience

Total years of experience :33 years, 3 Months

Vice President at Swiss Reinsurance Company Ltd.
  • Switzerland
  • My current job since November 1994

01/09-today:
Group IT, Service Delivery
• Expert Business Analyst
• Major achievements: Elaborated a new SLA for application maintenance services; managed the transition process of Credit Underwriting applications.

01/2004-12/2008:
Business Group Property&Casualty, Project ‘Global Facultative System’
• Head of QA/Testing team, Senior Business Analyst for Back-office Interfaces (initial budgets, technical accounting, Data Warehouse).
• Major achievements: Developed a proprietary application for managing the facultative portfolio of SR Group after previous project teams had failed; delivered 8 major releases in time within budget and with good quality. Me personally, led a team of 4 testers later managed the outsourcing process to an Indian partner.

07/2000-12/2003:
Division Europe, Project ‘SwiftRe.com’ (E-business application for facultative business)
• Head of Back Office Development
• Major achievements: Successfully developed and introduced to clients (Europe, Americas) the modules for on-line accounting, claims administration and current account. A patent application is pending.

07/1998-06/2000:
Division Europe, Market unit Germany/Nordic Countries
• Client Manager Treaty, plus Departmental Controller
• Major achievements: Performed several projects with clients around capital and risk mgmt; maintained a very high quality of plan&projection figures and corresponding comments.

07/1997-06/1998:
Global Marine Department
• Underwriter (mainly P&I covers, plus facultative business with Arab cedants), plus Departmental Controller
• Major achievements: Gained good knowledge of reinsurance products and pricing. Had exposure to London market.

11/1994-06/1997:
Group Controlling
• Divisional Controller of Division Northern Europe/Special Lines
• Major achievements: Introduced risk-adjusted capital allocation and performance measurement methods; refined internal reporting standards; contributed to the concept of Economic Value Management.

Auditor at Revisuisse Price Waterhouse (now Pricewaterhouse Coopers)
  • Switzerland
  • March 1993 to October 1994

• Audited the financial statements of insurance companies/groups like Swiss Re, Winterthur.
• Co-authored a publication on international accounting standards for insurance companies.
• Participated in industry expert group which developed FER 14 standard (Swiss GAAP for insurance companies).

Research Assistant to Prof. Cuno Puempin at University of St.Gallen - Institute of Management
  • Switzerland
  • April 1989 to March 1991

• Co-authored a book on Management of Corporate Life Cycles
• Contributed to a research programme "New St.Gallen Management Model"

Education

Master's degree, Business Administration with Major in Insurance and Risk Management
  • at University of St.Gallen - Graduate School of Business, Economics, Law and Social Sciences
  • June 1989

Major in Insurance and Risk Management (Prof. M. Haller)

Diploma, Insurance Diploma (commercial apprenticeship)
  • at Nordstern Insurance Company Plc (now Axa)
  • May 1985

Specialties & Skills

Administration
Reinsurance
Management
Insurance
Company law, Corporate Governance law
Passion for excellence/quality
Controlling of reinsurance operations
Profound knowledge of the (re)insurance industry, its products, business processes, value drivers
U.S. GAAP & IFRS
Management of, cooperation in remote teams
Analytical/problem solving skills

Languages

German
Expert
English
Expert
Spanish
Expert
French
Intermediate
Italian
Beginner