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About Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. We are globally active and operate in all lines of the insurance business. Since our founding in 1880, we’ve been known for our unrivaled risk-related expertise and sound financial position. We offer customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. We possess outstanding innovative strength, which enables us to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyber attacks, or pandemics. We’re also playing a key role in driving forward the digital transformation of the insurance industry, and in doing so have further expanded our ability to assess risks and the range of services that we offer. Our tailor-made solutions and close proximity to our customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals. Working at Munich Re is more than a career. It’s an invitation to tackle some of the world’s most pressing challenges. Together with our team, consisting of specialists from more than 80+ fields of expertise, we turn risks into exciting opportunities that move humanity forward. https://www.munichre.com/en/career Munich Re Careers: p0060018221@munichre.com Munich Re Imprint: www.munichre.com/en/service/imprint/index.html Munich Re Legal Notice: https://www.munichre.com/en/service/legal-notice/index.html Munich Re Privacy Policy: https://www.munichre.com/en/service/privacy-statement/index.html By accessing the Munich Re LinkedIn page, you agree to LinkedIn's terms and conditions and its data use policy: www.linkedin.com/legal/privacy-policy © 2000–2018 Münchener Rückversicherungs-Gesellschaft Group Communications

Marketing Actuary

Mumbai Metropolitan Region

5 years

Not disclosed

On-site

Full Time

Company Munich Re Location Mumbai , India To facilitate growth of Value Added New Business (VANB) of the allocated clients by assisting in the development of organic growth from existing treaties and supporting the development of organic growth from existing treaties and supporting the development of profitable new reinsurance opportunities. To carry out effective portfolio management and profitability of nominated clients’ existing treaties. To enhance the overall business relationship with nominated current/potential clients Your Role: Support the development and implementation of new business opportunities for treaty clients and potential clients, focusing strongly on opportunities that will enhance VANB for Munich Re in India. Responsible for the overall client relationship for specified clients and work with other MR departments to ensure growth and profit contribution from specific clients Be a Relationship Manager for several clients, identify business development opportunities and facilitate in meeting business targets Supporting clients in New Business Initiatives: Conduct client workshops to understand client business philosophy and uncover client product related needs. Thereafter produce product recommendations and capital solutions for clients based on methodical and rigorous analysis. Managing existing business: To monitor and manage clients’ treaty business including profitability and risk exposure. Focus on developing organic growth in existing treaties and rehabilitating loss making treaties. Document reinsurance terms in quotation/treaties and facilitate final treaty negotiations. Highlight the services and offerings Munich Re can provide and ensure MR is first choice partner for clients. Coordinate internally effectively to ensure maximum client satisfaction. Liaise with regional counterparts to share information and expand service offerings to clients. Promote Munich Re and its expertise through initiatives including presentations, seminars, client meetings, publications and surveys. Build individual and Munich Re India visibility in the market. Your Profile: A graduate degree in mathematical subject e.g. pure or applied mathematics, statistics, sciences, economics, finance (Essential) Fellow of Institute of Actuaries / Institute or Faculty of Actuaries in the UK or close to qualifying as Actuary from the stated institutes and relevant post qualification experience (Preferrable) Excellent written and spoken English are required 2. 5+ years of experience in Actuarial and related fields Ability to independently manage interactions with technical actuarial, underwriting and finance teams and regional stakeholders and external parties Superior interpersonal and time management skills A solutions-based approach with the ability for complex problem solving Strong analytical abilities including mathematical and statistical concepts Strong command of MS Office PowerPoint and Excel required Knowledge of data gathering and manipulation techniques and tools such as Access, SQL Willing to travel as needed Thorough knowledge products and regulations relating to Indian insurance industry About Munich Re: Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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. About About Munich Re Munich Re Worldwide Follow Us Privacy Legal Notice Imprint Show more Show less

Assistant Manager/Manager (Compliance, Risk & Legal)

Mumbai Metropolitan Region

7 - 10 years

Not disclosed

On-site

Full Time

Company Munich Re Location Mumbai , India You will be part of the Compliance, Risk and Legal team and would be responsible to develop, implement and maintain the Legal, Compliance and Risk related framework including related controls, compliance and reporting. Your Role Risk Management & Legal: Ensure all risk management related topics from regulators/group/regional are timely addressed. Preparation and presentation in risk management meetings incl. minutes. Vetting of Legal contracts and agreements, co-ordinating with law firms for legal opinions Compliance: Develop and maintain compliance policies, procedures and guidelines. Provide advice, review, guidance and training to employees on compliance requirements. Ensure timely update of other company law registers and filing of Annual Return to ROC/other regulators as applicable. Take note of minutes of meetings of various management meetings Reporting and Monitoring Coordinate and ensure response for emerging risk and compliance requirements. Provide regular reports to senior management on risk and compliance matters. Stakeholder engagement Build and maintain relationships with regulatory bodies, auditors, and other internal and external stakeholders. Ensure accurate and timely internal and external reporting Support implementation of Regional and Group Risk frameworks at the Branch. Ensure timely submission of reports before statutory or internally set deadlines including support for IRDAI Inspections/other regulatory inspections. Ensure providing legal advisory/vetting of legal agreements and other legal documents as required as per regulatory requirements. Support TPRM/outsourcing related reporting and tasks Any other functions/ tasks/ activities/ responsibility assigned by the manager: Be flexible and adaptive to accept any other duties to ensure that the work is completed in a timely manner. Your Profile: 7-10 years’ experience in the General Insurance /Life Insurance /Reinsurance Industry/Insurance Intermediaries (essential). Functional experience of Compliance/Risk and/or Legal (preferred). Hands on experience in managing IRDAI/regulatory reporting (preferred). Qualifications LLB, CS and/or Risk Management preferred (other insurance or financial sector related qualifications may be accepted) Competencies Good organisational skill Goal oriented with ability to independently complete tasks with minimal oversight Proficient communication skills Critical thinking abilities Effective problem solving 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. About Munich Re: Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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. Company Munich Re Location Mumbai , India About Munich Re Munich Re Worldwide Follow Us Privacy Legal Notice Imprint Show more Show less

Underwriter Agriculture

Mumbai Metropolitan Region

5 - 7 years

Not disclosed

On-site

Full Time

Company Munich Re Location Mumbai , India Job Purpose: Munich Re India Branch is responsible to develop and manage reinsurance business in SAARC region in line with over all Munich Re’s global business strategy. The UW will be responsible for development of a sustainable and profitable agricultural reinsurance portfolio primarily in India and going forward in adjacent countries. The position is also responsible for supporting underwriting for portfolios in rest of Asia (ex-China), Africa and Middle East, maintaining and developing client and stakeholder relationship, ensuring consistent support in overall objective of high underwriting quality and maintenance/development of technical expertise and special market knowledge. The ability to quickly understand a new business proposition and to position it within the Munich Re business model is key. The UW will work in a collaborative team environment. Engagement with the clients, brokers and other external agencies and alignment with the internal cross functional teams of Underwriters, Analytics and Finance is a key element of the role. You role: Key Responsibilities: Continuous analysis of agricultural primary and reinsurance markets in India and adjacent countries Develop and maintain good working relationships with clients, brokers and other agricultural insurance related stakeholders (e.g. service providers, claims agencies, CCE agencies, Technology providers on claims assessment etc.) Develop Individual client strategies in consultation with Regional Head of Agriculture and other senior management at Munich Re – APA (Asia Pacific/Africa) Region Supporting information and assistance for technical risk reviews and acceptances, complex (incl. non-traditional) RI products Preparation and conducting negotiations with cedants and brokers in coordination with Regional Head Agriculture Active participation in client events (congresses, market events) Develop and implement the strategy for client engagement, develop alignment of interest, and ensure we have a coherent, long-term relationship with our clients and channels. Work closely with key stakeholders internally and externally to identify trends and new opportunities. Play an active role in the acquisition, retention and servicing of clients. Train junior underwriters and colleagues new to the team in your area of expertise Your profile : Education & Experience: Graduate degree in commerce, finance, business. Preferred in agriculture or related areas. Professional qualifications are an advantage. 5 to 7 years of relevant experience in actuarial, underwriting and business enablement for an insurer or reputable broker Significant exposure to Indian agriculture insurance business, understanding of stakeholders is a must High proficiency in Excel. Experience in Data analytics and relevant tools (R, Python, Matlab, Excel Macros) will be an added advantage. Relevant knowledge of the non-life Insurance business. Understanding of the reinsurance business will be an added advantage. Proven ability to communicate actively, effectively and succinctly with strong facilitation, presentation and negotiation skills. Able to engage with and impress C-Level and engage across the levels within the client as well as Munich Re Able to work in a dynamic environment and deliver under very tight time pressure Willing to travel Competencies: Enjoys working in a constantly changing and fast-paced environment. Proactive and dynamic problem solver with a talent for dealing with ambiguity. Self-starter but also a strong collaborator. About Munich Re: Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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 About About Munich Re Munich Re Worldwide Follow Us Privacy Legal Notice Imprint Show more Show less

Technical Accounting & Claims Handler

Mumbai

1 - 2 years

INR 3.0 - 5.0 Lacs P.A.

On-site

Part Time

Company Munich Re Location Mumbai , India Job Purpose This position performs reinsurance technical accounting administration and reporting activities in a timely and accurate manner. The position also participates in various projects involving automation, changes to current systems, implementation of new systems, and various process improvement initiatives. Key Responsibilities Ensure that client accounts are processed timely and quality of processing reporting is ensured Support quarterly assurance activities for Non-Life i.e. Property & Casualty (P&C) incl. analysis of client information (data) to ensure adequacy for appropriate account processing and reporting. Ensure Key Performance Indicator targets in client accounting are met; E.g. Timely and accurate processing of all client statements, receipts and maintaining healthy client receivables/payables position Support Treaty Maintenance activities for Non-Life / P&C Support in local regulatory and governance reporting requirements; ensuring adequate explanations are provided for queries raised by internal or external stakeholders e.g. IRDAI Lead/support key projects in the branch and/or regional CFO team e.g. projects to improve efficiency and quality of RI Administration process Education & Experience Chartered Accountant with 1 to 2 years of experience Experience in General Insurance or Reinsurance Industry administration will be an advantage. Past experience in audit or consulting (advantageous) Intermediate/Advanced knowledge of insurance accounting; Intermediate/Advanced proficiency in MS Excel and IT skills; Competencies : Good organisational skill Goal oriented with ability to independently complete tasks with minimal oversight Proficient communication and interpersonal skills Critical thinking abilities Effective problem solving About Munich Re : Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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.

Technical Accounting & Claims Handler

Mumbai

1 - 2 years

INR 2.0 - 4.0 Lacs P.A.

Work from Office

Full Time

Technical Accounting & Claims Handler Company Munich Re Location Mumbai , India Job Purpose This position performs reinsurance technical accounting administration and reporting activities in a timely and accurate manner. The position also participates in various projects involving automation, changes to current systems, implementation of new systems, and various process improvement initiatives. Key Responsibilities Ensure that client accounts are processed timely and quality of processing reporting is ensured Support quarterly assurance activities for Non-Life i.e. Property & Casualty (P&C) incl. analysis of client information (data) to ensure adequacy for appropriate account processing and reporting. Ensure Key Performance Indicator targets in client accounting are met; E.g. Timely and accurate processing of all client statements, receipts and maintaining healthy client receivables/payables position Support Treaty Maintenance activities for Non-Life / P&C Support in local regulatory and governance reporting requirements; ensuring adequate explanations are provided for queries raised by internal or external stakeholders e.g. IRDAI Lead/support key projects in the branch and/or regional CFO team e.g. projects to improve efficiency and quality of RI Administration process Education & Experience Chartered Accountant with 1 to 2 years of experience Experience in General Insurance or Reinsurance Industry administration will be an advantage. Past experience in audit or consulting (advantageous) Intermediate/Advanced knowledge of insurance accounting; Intermediate/Advanced proficiency in MS Excel and IT skills; Competencies : Good organisational skill Goal oriented with ability to independently complete tasks with minimal oversight Proficient communication and interpersonal skills Critical thinking abilities Effective problem solving About Munich Re : Founded in 1880, Munich Re Group is one of the world s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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.

Property Treaty Underwriter

Mumbai, Maharashtra

3 years

None Not disclosed

On-site

Not specified

Company Munich Re Location Mumbai , India Your job: 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. 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 About Munich Re: Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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.

Actuarial Analyst

Mumbai Metropolitan Region

0 years

None Not disclosed

On-site

Full Time

Company Munich Re Location Mumbai , India Job Purpose Assist the Head of Valuation in carrying out all functions of the team including the valuation of Munich Re India Branch Life & Health reinsurance business liabilities for Statutory and Internal reporting purposes, preparation of financial reports and analyses and ensuring compliance with internal and external requirements relating to valuation of liabilities. Your Role: Key Responsibilities Support the Implementation of IFRS17 as per local regulatory guidelines Carry out the Valuation of Life and Health Business of South Asia (Statutory IRDA reporting, Solvency II, IFRS, Actuarial Modelling on AXIS) Prepare Corporate Actuarial reports (IFRS reporting, Business Planning, Solvency Capital Monitoring, Shareholder Reporting, Regular interaction with the Finance team) Share insights relating to Business Monitoring (Experience Analysis, Monitoring and Reporting) Carry out the operations of the Data Management framework within the function Support internal stakeholders like Business Development, Pricing and Underwriting teams Your Profile: Education & Experience Actuarial student who has completed Stage 1: Core Principles series (all 7) from IAI India or equivalent. Strong commitment to complete the Actuarial course Experience in life insurance or re-insurance company’s valuation team preferred Competencies Strong computer skills: Microsoft Excel, power query and SQL (essential) and VBA (preferred) Exposure to an actuarial software would be preferred (AXIS would be preferred) Exposure to Indian Statutory Reporting, Solvency II and IFRS17 would be preferred Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail Self-motivated and able to work within a team environment, outcome focused Strong communication skills in English (written and verbal) About Munich Re Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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. About About Munich Re Munich Re Worldwide Follow Us Privacy Legal Notice Imprint

Actuarial Analyst

Mumbai

1 - 5 years

INR 4.0 - 8.0 Lacs P.A.

Work from Office

Full Time

Actuarial Analyst Company Munich Re Location Mumbai , India Job Purpose Assist the Head of Valuation in carrying out all functions of the team including the valuation of Munich Re India Branch Life & Health reinsurance business liabilities for Statutory and Internal reporting purposes, preparation of financial reports and analyses and ensuring compliance with internal and external requirements relating to valuation of liabilities. Your Role: Key Responsibilities Support the Implementation of IFRS17 as per local regulatory guidelines Carry out the Valuation of Life and Health Business of South Asia (Statutory IRDA reporting, Solvency II, IFRS, Actuarial Modelling on AXIS) Prepare Corporate Actuarial reports (IFRS reporting, Business Planning, Solvency Capital Monitoring, Shareholder Reporting, Regular interaction with the Finance team) Share insights relating to Business Monitoring (Experience Analysis, Monitoring and Reporting) Carry out the operations of the Data Management framework within the function Support internal stakeholders like Business Development, Pricing and Underwriting teams Your Profile: Education & Experience Actuarial student who has completed Stage 1: Core Principles series (all 7) from IAI India or equivalent. Strong commitment to complete the Actuarial course Experience in life insurance or re-insurance company s valuation team preferred Competencies Strong computer skills: Microsoft Excel, power query and SQL (essential) and VBA (preferred) Exposure to an actuarial software would be preferred (AXIS would be preferred) Exposure to Indian Statutory Reporting, Solvency II and IFRS17 would be preferred Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail Self-motivated and able to work within a team environment, outcome focused Strong communication skills in English (written and verbal) About Munich Re Founded in 1880, Munich Re Group is one of the world s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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.

Property Treaty Underwriter

Mumbai Metropolitan Region

3 years

None Not disclosed

On-site

Full Time

Company Munich Re Location Mumbai , India Your job: 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. 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 About Munich Re: Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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. About About Munich Re Munich Re Worldwide Follow Us Privacy Legal Notice Imprint

Property Treaty Underwriter

Mumbai

3 - 8 years

INR 5.0 - 10.0 Lacs P.A.

Work from Office

Full Time

Property Treaty Underwriter Company Munich Re Location Mumbai , India Your job: 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. 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 f rom 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 About Munich Re: Founded in 1880, Munich Re Group is one of the world s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. 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.

Authorized Inspector - HSB India

Pune

2 - 5 years

INR 8.0 - 13.0 Lacs P.A.

Work from Office

Full Time

Authorized Inspector - HSB India Company HSB Location Pune , India Graduate Engineer with minimum of 5 years experience in pressure vessels / boilers manufacturing companies. Qualified as Authorized Inspector with AI Commission from National Board. Monitors Fabricator, Installer, or Repairer s Quality Control Program to determine adherence to that system and in turn to ASME or NBIC requirements. Reviews and approves/rejects procedures and personnel qualifications for welding and non-destructive examination. Verifies through a review of documentation, witnessing of inspections and tests, and certification that items inspected comply with ASME Code or NBIC requirements Reviews and approves/rejects specifications, calculations, and drawings for each item inspected to assure Code compliance. Maintains bound diary of inspection activities in order to document inspections performed and to show status of items, for use as necessary by replacement inspectors, and to National Board. Interfaces with client s personnel in a professional manner to develop and maintain good working relationships. Generates weekly reports to apprise the company of expenses, hours worked and production progress in accordance with written instructions and policies. Approves revision to Fabricator, Installer or Repairer s Quality Control manual and participates in ASME, National Board, or Jurisdictional Joint Reviews.

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Munich Re

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Insurance

Munich Bavaria

10001 Employees

11 Jobs

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