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Motor Underwriter

Location Mumbai, India Job type Full-Time Work mode On-site Job level Professional Job ID 13914 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
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Job Purpose : 


The successful candidate will be involved in the pricing and maintenance of casualty treaties with a focus on Motor. 

Your Role : 


• Involved in treaty pricing using the pricing platform.  
• Preparing presentations for various internal and external stakeholders. 
• Analysing client information decks and quarterly performance data to update market summaries and statistics. 
• Regular client interaction. 
• Conducting exposure analyses and reviewing underlying coverages. 
• Supporting management of reinsurance wordings, underwriting guidelines and internal processes. 
• Ad hoc activities, including liaising periodically with claims teams, facultative underwriters and client managers. 

Your Profile : 


Essential 


• Graduate degree in Mathematics, Statistics or Economics with strong numerical aptitude. 
• 2+ years of pricing experience for retail products in the Indian market or working with large datesets 
• Excellent communication and analytical skills. 
• Basic understanding of reinsurance contracts. 

Good to Have 


• Power BI 
• SAS 
• Macro programming 

Competencies 


• Understanding of the insurance market and retail products, particularly Motor. 
• Analysis of run-off triangles and portfolios using historical information. 
• Develop and maintain dashboards for Casualty CoB using various data sources. 

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 cyberattacks, 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 1,900 team members across 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. 

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 center of this interaction is each of us.

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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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