Property Treaty Underwriter at Munich Re

You will manage the underwriting of new and renewal of existing treaty business, within an assigned portfolio, in a specific line of business, according to the group underwriting strategy, Munich Re of Africa (MRoA) strategy and own mandate and authority. You will maintain consultative relationships with clients/markets in their portfolio, for the specific line of business, to monitor and improve the portfolio sustainability and profitability. Also, there is a need to contribute to the co-development of innovative solutions for clients/markets, following the Munich Re (MR) risk appetite. Reporting into the Head of Property Treaty, you will,

Your Job:

• Implement the business line strategy independently, by underwriting all business, observing the MRoA underwriting authority.
• Assess, pricing, administering and where necessary designing treaty offer observing Munich Re risk appetite, underwriting guidelines, internal processes and authorities.
• Assess the underwriting process of clients to provide credible evaluations of the quality of clients’ books.
• Work together with client management to ensure that service levels to clients are maintained including meeting clients and/or negotiating treaty terms and conditions.
• Participate in identifying and acquiring clients, and broker targets, for traditional and innovative risk transfer mechanisms to create value for MRoA.
• Develop non-traditional reinsurance and (where appropriate) primary insurance concepts in cooperation with specialists within Munich Re Group, if necessary.
• Contribute to technical know-how within the Property Treaty Underwriting team through research, participation in projects, cooperation with Munich Re Group experts et.
• Gain full understanding of what constitutes valid and technically accurate underwriting to develop appropriate levels of underwriting skill and technical competency.
• Assist in organising and conducting seminars / workshops, for external clients and internal stakeholders, to enhance levels of Underwriting.
• Guide Junior Underwriters, by conducting on-the-job training, and exposing them to client engagements, deliverables and functions, to develop their underwriting skillset and technical competency.
• Drive emerging topics such as climate change, ESG, and shock inflation and taking ownership for underwriting excellence topics.
• Cocreate new insurance or data analytics solutions together with a broader APA client team and other internal stakeholders.
• Participate in divisional and cross-divisional initiatives and projects.
• Contribute to the together@work/new ways of working culture in our team.

Your Profile:

• Sound experience in underwriting and pricing of property treaty business with in-depth knowledge of guidelines, tools and processes or University degree in law, business studies/economics, mathematics or the like and professional experience in quantitative or law-related field (e.g. consulting, primary insurance, NatCat modelling, law firm) and commitment to building up relevant knowledge.
• 4+ years of relevant Insurance experience.
• 3+ years of relevant Reinsurance experience.
• Willingness to travel.