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Liability Treaty Underwriter

Location Mumbai, India Job type Full-Time Work mode On-site Job level Professional Job ID 14128 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
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Position Title: Senior Liability Treaty Underwriter – India & Middle East

Munich Re is a leading global reinsurance partner, delivering exceptional value to clients and stakeholders. We are seeking a skilled professional to join our Liability Treaty underwriting team in India as a Senior Underwriter.

In this role, you will lead the underwriting of the India and Middle East Liability Treaty portfolio. You will join a highly motivated team and address emerging risk challenges for our clients in India and the Middle East markets. The role combines disciplined risk selection, robust pricing, clear wordings and governance, active portfolio steering, and strong client engagement to deliver sustainable, profitable growth.

Your Job:

Core Responsibilities:

  • Underwrite new and renewal Liability Treaty business across India and the Middle East, covering proportional and non-proportional reinsurance structures, through disciplined risk assessment, pricing and risk selection.
  • Structure and negotiate Treaty terms, conditions and wordings within delegated authority and in line with underwriting guidelines, business targets and client strategies.
  • Drive underwriting strategy and portfolio steering, including business mix, line size, accumulation, pricing adequacy and portfolio performance.
  • Ensure clear underwriting rationale, complete documentation, timely referrals and a strong governance audit trail.
  • Partner with Client Management to understand client needs, facilitate technical discussions with cedants and brokers, and identify sustainable growth opportunities.
  • Provide peer review, coaching, client training and knowledge transfer, and contribute to regional Casualty initiatives.

Your Profile:

  • University degree in insurance, law, finance, economics or a related discipline; a relevant professional qualification is preferred.
  • At least 8 years of relevant experience in Liability underwriting, Facultative reinsurance or a closely related Casualty underwriting role.
  • Demonstrated expertise in Liability products across India and the Middle East, including General Casualty Liability, Professional Liability and Financial Lines.
  • In-depth understanding of Liability markets in India and the Middle East, including market practices, coverage features, legal and regulatory developments, claims trends and emerging risks.
  • Sound understanding of proportional and non-proportional Treaty structures, reinsurance pricing, exclusions and accumulation management.
  • Strong analytical and problem-solving skills, with a solution-oriented mindset and the ability to make sound decisions using incomplete data or information.
  • Excellent communication, stakeholder management, negotiation and presentation skills.
  • Collaborative and self-motivated, with strong accountability, ownership and learning agility.
  • Proficient in relevant analytical, presentation and business productivity tools required for underwriting, portfolio analysis and stakeholder communication.
  • Willingness to travel.

We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.

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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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