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Property and Engineering Underwriter (m/f/d)* - MR Italy

Location Milan, Italy Job type Full-Time Work mode Hybrid Job level Professional Job ID 11916 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
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As a Property and Engineering Underwriter, you will join a collaborative team dedicated to maintaining and further developing underwriting excellence at Munich Re Italia. In this role, you will contribute to the sustainable growth of a profitable Property and Engineering portfolio while engaging in a variety of challenging and meaningful projects.

You will actively support the management and development of the Property and Engineering portfolio, working closely with internal and external stakeholders and contributing to Munich Re’s long-term value creation.

Your Job

  • Underwrite and assess risks, including premium calculation and defining terms and conditions, in line with underwriting guidelines, internal directives, strategic targets, and client strategies.
  • Conduct negotiations and build strong, trust-based relationships with clients and brokers.
  • Manage and service existing client accounts while identifying and developing new business opportunities.
  • Contribute to the expansion of digital insurance solutions by enhancing existing products and supporting the development of new offerings.
  • Take responsibility for the administration of assigned contracts, including exposure monitoring and accumulation assessment.
  • Perform portfolio and results analyses and support the preparation of class-of-business reports.
  • Support and contribute to internal and external seminars, workshops, and training initiatives.
  • Participate in concept and strategy development within your area of responsibility, supporting planning and controlling activities.
  • Take on special assignments, such as participating in local and Group-wide projects, international working groups, reviews, staff training, and market events.

Your Profile 

  • A university degree in Engineering or another relevant scientific discipline.
  • At least 3 years of professional experience in underwriting, risk assessment, or a related role within the (re)insurance or financial services environment.
  • A solid interest in Property and Engineering risks, with the willingness to further develop technical expertise in these areas.
  • Confidence in working with IT systems and underwriting tools, and openness to developing digital and analytical capabilities.
  • A collaborative mindset with strong communication, negotiation, and stakeholder management skills.
  • A proactive, solution-oriented approach and the ability to manage priorities in a dynamic environment.
  • Willingness to take responsibility and make sound decisions.
  • A customer-focused attitude and the ability to build long-term relationships.
  • Fluency in Italian and business-level English.

About Us

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognize diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
If you are excited about this role, but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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