Title:  CU1.3.1 - Head of Cyber Underwriting, Standards & Support (m/f/d)*

We are the globally leading reinsurer and a market leader in cyber insurance, the fastest growing line of business. We are continuously improving our understanding of cyber risk to be able to offer our customers the best insurance products and integrated services. The central division Corporate Underwriting bundles cyber insurance expertise in order to efficiently support the business units in writing profitable cyber insurance and developing new fields of cyber business. Responsibilities include assessing accumulation potentials, maintaining portfolio transparency, developing underwriting standards, risk models, technology solutions and services. The understanding and quantification of cyber exposures is essential for our business and our team provides up-to-date methods and frameworks which enables the operational units to underwrite cyber risks in an effective and efficient way.

We are looking for a Head of the Cyber Underwriting Standards & Support team, whose responsibilities will be as follows:

Your Job:

• Management of the team: guiding, motivating and developing a dedicated team of experts in a dynamic environment
• Monitoring market trends and their strategic effect; improving the Munich Re underwriting strategy in close cooperation with the business units
• Defining the framework for excellent underwriting of single cyber risks as well as portfolios of risks
• Making sure processes and tools are supportive for effective and efficient underwriting
• Identifying critical exposures and define underwriting methods that allow for proper risk assessment
• Implementing an effective cyber threat intelligence function
• Center of Competence for relevant legal questions in cyber underwriting
• Setting underwriting guidelines for cyber risks
• Setting up initiatives to improve underwriting quality in the business units
• Quality assurance in cyber underwriting (i.e. reviews, new products, referrals) in cooperation with the relevant CU departments
• Representing Munich Re on cyber underwriting issues (e.g. at customer and market events)
• Coordinate adequate communication measures appropriate for various target groups
• Supporting CU management in implementing strategies and objectives

Your Profile:

• University degree in relevant field, or equivalent qualification with several years of professional experience
• At least five years’ relevant professional experience in Cyber Underwriting
• Knowledge of specific issues with respect to the insurance of cyber risks
• Ownership, good balance between hunger for business and risk awareness
• Enjoy working with innovative questions in a very dynamic and challenging environment
• Demonstrated ability to manage and inspire a team of experts, promoting a collaborative and innovative work environment; management experience in an international environment would be an asset
• High degree of service orientation
• Ability to represent Munich Re
• Assertiveness and excellent presentation skills
• Methodological, didactic and inter-cultural competence, conflict-solving skills
• Good networking skills
• Very good written and spoken English

Job Evaluation: B

Please use the online application and submit it by 2025/03/07 at the latest (10-day deadline).

Our general internal job advertisement (ISA) guideline can be found on MR Web München at ME@MUNICHRE >> Arbeitsrecht & Regelungen >> ISA-Richtlinie.

Information on selection procedures for management positions can also be found in the ISA Guideline.

Application Instructions

In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.

About us

As the world's leading reinsurance company with more than 11,000 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
Susanne Greinwald • Senior HR Business Partner
Königinstraße 107 • 80802 München • GERMANY