Description:
Munich Re Group is one of the world’s leading providers of reinsurance. 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 individuals to pandemics, we take care of risks so our clients can take care of their businesses.
Join us as an Underwriting & Pricing Analyst to conduct high quality group and/or underwriting, support/technical assessment, determine terms and conditions for reinsurance clients. In addition to gaining valuable experience alongside industry experts, you will also benefit from ongoing engagement, career development and networking activities.
Job Description
- Underwrite standard group health products in new and existing markets to support reinsurance clients in evaluating, quantifying and mitigating risk appropriately.
- Proactively recommend alternate ways of landing and retaining policyholders, e.g. by pricing change and/ or enhancement in plan designs, to meet customer needs and business goals.
- Maintain focus on both, individual and portfolio underwriting, and be keenly aware of the portfolio performance to support proper steering of business to reach set goals.
- Maintain efficient turnaround time for quotations / queries.
- Apply and follow MR standard underwriting guidelines of the market.
- Providing input to the actuarial team for pricing of primary insurance products, pricing of nonstandard primary insurance benefits, for Individual and Group insurance standard pricing and experience-based renewal pricing, for monitoring of primary insurance portfolios (cedents) and for pricing of traditional reinsurance concepts to support in evaluating, quantifying and mitigating risk appropriately.
- Interact with Client Managers on maintaining client relationships and participating in clients meetings (cedents) and brokers to support in addressing specific issues during negotiations with cedents and in achieving MRUA’s business goals.
Your Profile
- Proven underwriting and analytical skills
- Good interpersonal and communicational skills to manage client expectations, both internal and external
- Team player, motivated, dependable, and open-minded
- Assertive, reliable and business-minded with good negotiation skills