Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Casualty Treaty Underwriter

Location Johannesburg, South Africa Job type Full-Time Work mode Hybrid Job level Professional Job ID 12603 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
Apply Now

Career Level 3

The Casualty & Credit Team develops and ensures the profitability of several reinsurance product lines such as Motor, Liability, Credit and Surety, Personal Accident in South Africa and Sub-Saharan Africa.
The Casualty Treaty Team is a dynamic multi-disciplinary team of professionals from different backgrounds, including Actuarial, Data analytics, Legal, Insurance, and Risk management. This team tackles the opportunities and challenges associated with pricing, assessing and managing the Companies Motor, Liability, and Personal Accidents treaty portfolio. You will joining this team and will be reporting to the Operational Manager for Casualty, Credit and Bonds.

Your Role:

You will:

•    Assess, underwrite, quote and negotiate proportional and non-proportional Casualty Treaty business in the Sub Saharan African markets.
•    Review, design and negotiate contract wordings and conditions according to MR underwriting guidelines, legal and regulatory frameworks and our client’s needs.
•    Implement the particular business line strategy independently, by underwriting new and existing business, in accordance with the MRAB underwriting authority.
•    Cooperate with client management to ensure that optimal service levels to clients are maintained including meeting clients and/or negotiating treaty terms and conditions
•    Build relationships with clients and brokers, representing Munich Re as an expert and trusted partner.
•    Contribute to group internal and industry expertise through participation in working groups, projects, and knowledge-sharing initiatives.
•    Guide junior underwriters, by conducting on-the-job training, and exposing them to client engagements, deliverables and functions, in order to develop their underwriting skillset and technical competency.

Your profile:

•    University degree in Actuarial Science, Statistics, Insurance, Law, Finance, or a related field.
•    3 - 5 years' experience in treaty underwriting, with focus in casualty treaty and reinsurance markets.
•    Demonstrated commitment to learning and progress.
•    An independent working style, with a conscientious and team-focused approach.

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. It shapes how our teams are built and cultivated and how we are supported and developed. And at the center of this interaction is each of us. As part of our commitment to opportunity, growth and diversity, preference may be given to candidates in line with our Employment Equity Plan.

Apply Now

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.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.