Property Treaty Underwriter

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. 

Your Role: 

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