Underwriter Insure AI (m/f/d)*

The Insure AI team is part of the New and Green Technologies business unit in Munich Re’s Global Specialty Insurance (GSI) division. You would join an experienced international business unit structuring insurance and reinsurance solutions for risks of AI and Generative AI applications. You would source and underwrite AI insurance transactions on the direct side as well as support in sourcing and structuring whitelabeled reinsurance solutions for our AI insurance product set. Your underwriting focus would be on liability-related AI risks. Please visit our website to find out more about the team: https://www.munichre.com/en/solutions/for-industry-clients/insure-ai.html.

The position will be based in Munich, Germany.

Your Job

• Sourcing AI and GenAI (re-)insurance opportunities with European and London Market brokers for corporates, tech companies, and financial institutions 
• Sourcing whitelabeled reinsurance opportunities with European and London Market insurers for our AI insurance product set
• Supporting development of AI and GenAI liability-related insurance solutions
• Building and managing relationships with (re-)insurance brokers in Europe and the London Market 
• Engaging with clients and colleagues in deal teams to underwrite the risks of machine learning systems
• Leading commercial negotiations with cedents, brokers and corporate risk managers for the developed risk-transfer solutions 
• Collaborating with colleagues in traditional lines of business, like Cyber or Liability, to drive the AI insurance market development

Your Profile

• Law degree is a plus
• Minimum of 5 years of experience in Casualty (re-)insurance or related fields
• Experience in structuring the underwriting of liabilities of new technologies is a plus
• Solid understanding of machine learning techniques, best practices in their implementation and performance evaluation
• Strong networking and stakeholder management skills
• A good understanding of AI and GenAI models and their theoretical foundation is a plus
• Willingness to pioneer an emerging market and navigate unchartered territory with enthusiasm, adaptability, and resilience
• Fluency in English is a must, fluency in German a plus
• Willingness to work in deal teams distributed across different time zones and continents 
• Willingness to travel

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.

About us

As the world's leading reinsurance company with more than 16,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.  
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. 
Sounds like you? Push boundaries with us and be part of Munich Re. 
Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below. 
 
Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements. 
• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified. 

Münchener Rückversicherungs-Gesellschaft
Lisa Schneider 
Talent Acquisition Partner