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Motor Underwriter
Location Mumbai, India
Job type Full-Time
Work mode On-site
Job level Professional
Job ID 10543
Company Munich Re
Employment type Regular
Area of expertise Claims & Underwriting
Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1900 team members in 20 locations. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.
Your Role:
You will be involved in the pricing and maintenance of casualty treaties with focus on Motor insurance, with a focus on the following key responsibilities:
- Treaty pricing
- Post renewal treaty maintenance, working in coordination with the finance team
- Preparing presentations for various internal and external stakeholders
- Analysing client information, with a view to updating market summary/statistics
- Regular Client and broker interaction
- Conducting exposure analysis and underlying coverages
- Involved in updating and maintaining reinsurance wording and guidelines, as well as internal processes
- Ad hoc activities, including liaising with claims, facultative underwriters, and client managers, as required
Your Profile:
Education & Experience:
- Degree in Mathematics, Statistics or Economics with a strong numerical aptitude
- Qualified / part-qualified Actuary, with at least 6 examinations passed
- 5+ years of pricing experience with retail products in the Indian market
- Excellent communication and analytical skills
- Basic understanding of reinsurance contracts
- Experience of Power BI, SAS, Macros, would be advantageous
Competencies:
- Analysis of run-off triangles and analysing portfolios from historical information
- Run dashboards for Casualty CoB from various data sources
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.
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.
See the area you’ll be working in
Get an idea of what your daily routine around the office can be like.
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