Senior Underwriter

Munich Re is recognized for its exceptional technical expertise, disciplined risk management, financial strength and strong client partnerships. We are looking for a motivated and technically proficient Underwriting professional to join our Life & Health team in Kuala Lumpur. This role reports to the Head of Underwriting.

You will play a key role in assessing and managing risks, fostering, and deepening client relationships, supporting product initiatives, and contributing to Munich Re’s standing reputation as a global leader in reinsurance underwriting excellence.

Your Role

• Evaluate life, disability, and living benefit risks—including medically substandard and financially complex cases—aligned with agreed service standards, underwriting philosophy, and Group guidelines.
• Provide clear, well-reasoned underwriting decisions within assigned approval limits, ensuring case turnaround times meet internal quality standards.
• Support client quotations and product offerings, including reviewing client underwriting rules, authorities, selection criteria, and addendum to treaties.
• Contribute to underwriting workshops and the development or enhancement of underwriting tools, systems, and methodologies.
• Identify opportunities to streamline underwriting workflows, enhance process efficiency, and refine acceptance criteria to strengthen risk management.
• Promote global underwriting best practices through client engagement, training, knowledge sharing, and continuous improvement initiatives.
• Prepare analyses of case trends, risk patterns, operational KPIs, and other underwriting insights to support management reporting and business decisions.
• Build and maintain strong client relationships through regular discussions, reviews, and participation in industry forums or client events.
• Support client audits, review client underwriting manuals, and rules, and recommend enhancements to improve selection quality and treaty compliance.
• Maintain and expand technical knowledge through continuous learning, professional designation pursuit, and proactive skill enhancement.
  
  

Your Profile

• Bachelor’s degree in Medicine, Pharmacy, Science or other related fields
• Minimum of 8-10 years of relevant life insurance/reinsurance underwriting experience
• Professional underwriting qualifications (ALU, FALU, FLMI, etc.) or ongoing progress toward them.
• Strong understanding of mortality and morbidity risks, disease progression, diagnostic protocols, and medical testing.
• Sound knowledge of insurance/reinsurance products, underwriting frameworks, regulatory environments, critical illness definitions, and market norms for maximum coverage etc.
• Experience in evaluating medically substandard and financially complex cases; familiarity with nontraditional or data driven underwriting approaches is desirable.
• Strong analytical and problem-solving skills with a client centric mindset.
• Excellent verbal and written communication skills, with intercultural agility and the ability to work with diverse regional clients.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.