Property Treaty Underwriter

Location
Mumbai, Maharashtra
 
Full job description
Company
Munich Re
Location
Mumbai , India

Your job:

This position will join the India underwriting team as Property treaty underwriter in Mumbai, and will be responsible for various property underwriting tasks which vary across risk assessment of Property treaty business by natural catastrophe/fire risk, pricing, contractual wording, product/solution development and client dialogue.

Underwriting:

Technically assess property treaty accounts/structures utilizing natural catastrophe models and statistical tools; to price and discuss terms and conditions of programs along with the client management team; ensure underwriting excellence from technical pricing to contract wording; proactively participate in dialogue and exchanges between underwriting teams, experts within the Munich Re group and with external expertise; to support a cross-functional project; develop pricing models/tools; market research


Product development:

Take challenges in exploring new business ideas and product development both in reinsurance and primary insurance; non-traditional product (weather/catastrophe triggers, private-public partnership etc.); consultation for clients to identify pain-points/growth opportunity



Client facing and marketing:

support client management team from technical aspects in dialogue and negotiation with clients/brokers


Your profile:

University degree preferably in natural/computer science, mathematics/statistics, engineering, economics, finance or relevant insurance qualifications
Experience: Minimum 3 years of professional experience in treaty (re)insurance is preferred
Expertise: high degree of analytical and problem solving capabilities with structured and logical thinking; advanced experience in programming would be a plus
Market knowledge: experience in India re/insurance, strong interest in catastrophe insurance and aspiration of career development in treaty underwriting field
Soft skills: team oriented attitude; strong work ethics, ability to work with tight timelines, curiosity; self-motivated in skill developments as well as in identifying problems/opportunities; strengths in relationship management; entrepreneurship
Languages: English
Willingness to travel

About Munich Re: Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1+00 team members in 20 locations. We started supporting clients in the Indian market in 1+51 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.