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Munich Re Service GmbH - Junior Product Manager - Insurance (m/f/d)*

Location Munich, Germany Job type Full-Time Work mode Hybrid Job level Professional Job ID 12537 Company Munich Re Employment type Regular Area of expertise Operations & Product Management
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About Us

Passion is at the heart of everything we do – whether it’s our dedication to family, friends, the arts, sports, or, most importantly, our profession. At Munich Re Risk Management Partners (RMP), the climate change and risk management solutions unit of the world’s leading reinsurer, our passion drives us to redefine climate risk solutions on a global scale.

Our modular climate risk offering is built to meet the complex needs of insurers, banks, asset managers, corporates, and real estate investors. Through our SaaS platform, Location Risk Intelligence, we deliver an advanced geospatial solution and location-based risk insights that empower clients to make informed decisions in underwriting, exposure management, accumulation control, and climate risk reporting.

As climate and natural catastrophe risks increase in frequency and severity, insurers require high-quality data, modern analytics, and reliable digital solutions to stay competitive. To support this mission, we are looking for a Junior Product Manager – Insurance to help strengthen our insurance-focused product development and shape the future of our risk and climate data solutions.

This role is a unique opportunity to gain hands-on experience within the dynamic, international team of Munich Re Service GmbH. If you’re passionate about insurance, risk analytics, and digital product development, and eager to grow within an innovative, international team, we’d love to hear from you!

Your Role

As Junior Product Manager – Insurance, you will

  • Support product discovery by researching insurance-relevant risk datasets (e.g., natcat hazards, vulnerability, claims) and analysing market and regulatory trends.
  • Translate insurance workflows and operational needs into clear product requirements, concepts, and user stories.
  • Collaborate with modelling, analytics, UI/UX and engineering teams to develop and implement new features and datasets for the Location Risk Intelligence platform.
  • Validate prototypes and new capabilities through user testing, client feedback, and internal quality checks.
  • Adapt and prepare geospatial and risk data for key insurance use cases such as underwriting, exposure analysis, and accumulation control.
  • Support the integration of new datasets, APIs, and geospatial analytics into the SaaS platform.
  • Contribute to go to market preparation by creating documentation, training materials, and product-related content for Sales and Marketing.
  • Track product performance, user behaviour, and feedback to recommend enhancements that improve value, usability, and product market fit.
  • Help drive continuous improvement to support financial and adoption targets across the insurance client segment.

Your Profile

  • 2+ years of professional experience in insurance, product management, underwriting support, natcat analytics, climate/physical risk, or related fields.
  • Academic degree in insurance management, business administration, geosciences, environmental sciences, geography, data science, or a comparable discipline.
  • Basic understanding of:
    • insurance workflows (underwriting, portfolio management, reinsurance, exposure management)
    • natural catastrophe perils (e.g., flood, windstorm, earthquake)
    • risk modelling and accumulation concepts
  • Familiarity with geospatial data, GIS tools, or spatial analytics (QGIS, geodata APIs, etc.) is a strong plus.
  • Experience working with digital products, data products, or SaaS environments.
  • Strong analytical mindset and ability to translate complex information into actionable product insights.
  • Excellent communication skills with the ability to collaborate in cross-functional teams.
  • Curiosity, drive to learn, and a passion for building digital products with real-world impact.

Nice-to-have

  • Hands-on exposure to climate risk frameworks, cat modelling, or actuarial/insurance data.
  • Basic scripting knowledge (Python or similar) or experience working with data engineering teams.

Application

Sounds exciting? We look forward to receiving your application, including your CV and a brief motivation statement via our online portal.

This is a job posting from:
Munich Re Service GmbH
Königinstr.107
80802 Munich

Munich Re Service GmbH is a 100% affiliate company of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Munich Reinsurance Company). 
We are a limited-liability capital company with the following objectives: developing, marketing and distributing products and services in the field of digital technologies, in particular those focusing on climate and nature risk measurement and management. We enable fundamental progress by transforming uncertainty into predictable risk.

*Munich Re Service GmbH not only stands for fairness with regard to our clients; we are also an equal opportunities employer. Severely disabled candidates will also be prioritised, if equally qualified.

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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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