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Underwriter Property Treaty

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Munich Re

Jul 12

Applications are closed

  • Job
    Full-time
    Mid Level
  • Banking & Finance
  • Munich

Requirements

  • University degree (actuarial science, economics or finance, law) or equivalent insurance-related professional experience
  • Sound experience in underwriting of Property treaty business, including risk assessment, pricing and wording
  • Experience in application of catastrophe modeling tools preferred, or motivation to acquire such knowledge
  • Market, sales and negotiation experience and profound behavior in dealing with experienced clients desirable
  • Ideally experience with client audits and discussion of underwriting and portfolio steering questions with clients and brokers 
  • Working self-sufficient, accurately and reliably with high affinity to work in teams
  • Strong written and verbal communication in English
  • Readiness to travel ​​​​​​​

Responsibilities

  • Underwriting of property treaty reinsurance business for complex accounts with worldwide exposures
  • Negotiating with cedants and brokers on the basis of our underwriting authorities
  • Contributing to new business acquisitions, treaty renewals and enhancement of client relationships in collaboration with Client Management
  • Administrating reinsurance treaties and monitoring accumulation exposure in our IT systems
  • Active Involvement in know-how transfer of property and market/client knowledge within department/division
  • Participating in workgroups, expert groups, internal and external trainings, workshops and reviews 

FAQs

What is the job title for the position available at Munich Re?

The job title is Underwriter Property Treaty.

Where is this position located?

The position is located in Munich, Germany.

Is this position full-time or part-time?

Both full-time and part-time options are possible.

What is the main responsibility of the Underwriter Property Treaty?

The main responsibility is the underwriting of property treaty reinsurance business for complex accounts with worldwide exposures.

What qualifications are required for this position?

A university degree in actuarial science, economics or finance, law, or equivalent insurance-related professional experience is required.

What experience should candidates have related to property treaty business?

Candidates should have sound experience in underwriting of Property treaty business, including risk assessment, pricing, and wording.

Are there any specific skills related to catastrophe modeling tools required?

While experience in the application of catastrophe modeling tools is preferred, candidates should be motivated to acquire such knowledge.

What language proficiency is needed for this role?

Strong written and verbal communication skills in English are required.

Is travel required for this position?

Yes, there is a readiness to travel required for this position.

What type of work environment does Munich Re promote?

Munich Re promotes a culture where multiskilled teams think big and cultivate innovation.

What benefits does Munich Re offer to its employees?

Benefits include a competitive salary, retirement provision, work-life balance, health management, hybrid working options, and a commitment to diversity, equity, and inclusion.

Does Munich Re offer career mobility opportunities?

Yes, Munich Re actively supports career mobility and offers a wealth of career growth opportunities due to its strong global and regional presence.

How does Munich Re prioritize diversity in the workplace?

Munich Re embraces the power of differences and believes that diversity fosters innovation and resilience, enabling the company to act braver and better.

Munich Re

Pushing the boundaries of insurability to help the world advance with confidence.

Finance
Industry
10,001+
Employees

Mission & Purpose

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. Our corporate culture is defined by performance, mutual respect and trust. All this makes us an attractive employer providing global career development opportunities and prospects.