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Property Treaty Underwriter
Location Mumbai, India
Job type Full-Time
Work mode On-site
Job level Professional
Job ID 13482
Company Munich Re
Employment type Regular
Area of expertise Claims & Underwriting
Your job:
This position will join the India underwriting team as a 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 engagement.
Underwriting:
Assess Property Treaty accounts and structures using natural catastrophe models and statistical tools. Price programmes and discuss terms and conditions with the client management team. Ensure underwriting excellence across technical pricing and contract wording. Collaborate with internal experts and external stakeholders. Contribute to cross-functional projects, pricing model development, and market research.
Product development:
Proactively explore new business ideas and contribute to 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 in natural/computer science, mathematics/statistics, engineering, economics, finance or equivalent relevant experience/qualifications in insurance
- Experience: Minimum 3 to 7 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; demonstrates accountability, integrity, and professionalism, ability to manage competing priorities and meet deadlines effectively, curiosity; self-motivated in skill developments as well as in identifying problems/opportunities; strengths in relationship management; proactive and innovative mindset
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.
See the area you’ll be working in
Get an idea of what your daily routine around the office can be like.
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