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Munich Re
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Motor Underwriter

Motor Underwriter

Munich Re

5 years

0 Lacs

mumbai maharashtra

Posted:1 day ago| Platform: SimplyHired logo

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Skills Required

analysis skills communication skills

Work Mode

On-site

Job Type

Full Time

Job Description

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.

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Motor Underwriter