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    Senior Underwriter Epidemic Risk Solutions - London, United Kingdom - Munich Re

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    Description

    Epidemic Risk Solutions (ERS) develops risk-transfer solutions for epidemic risks for non-life, life, and public sector insurance. Epidemics are outbreaks of contagious diseases that severely impact corporations, the economy, and insurers' portfolios. Past epidemics led to significant revenue losses or significant additional expenses in many industries, e.g. tourism and travel, hospitals, and labour-intensive production sites. By better understanding and evaluating epidemic risk exposure, we try to turn this risk into an opportunity and globally advance the development of a new business field for Munich Re. Besides providing innovative solutions for businesses in various industry segments (e.g. non-damage business interruption), public sector and life reinsurance products as well as transformation of these risks into capital market instruments are within the scope of ERS. The focus of this role will be on non-life business.

    In this challenging and demanding context, we are looking for an experienced underwriter or originator to cover diverse inquiries in an international environment. The job has a strong focus on new business origination and assessment in an entrepreneurial approach.

    YOUR JOB

  • Development of our global business through origination of new business via various sales channels (direct corporate business, reinsurance, reinsurance and retail brokers, and others)
  • Assess and write epidemic risks in various lines of business with a focus on risk assessment, transaction structuring and wording
  • Identification of client needs for devising and structuring new types of insurance coverage accompanied by bespoke services in cooperation with interdisciplinary team members
  • Originate new customer relationships, maintain and intensify existing customer relationships
  • Leading negotiations of transaction terms with corporates, brokers and cedents
  • Manage deal teams across various departments, ensuring a smooth underwriting process
  • Ensure high underwriting standards for the global ERS team
  • Contribute to expanding and refining the wording base for epidemic risk business
  • Manage the risk portfolio, including portfolio administration
  • Active participation in internal approval processes for customer transactions and new product initiatives
  • Pushing of market development and creation of visibility of the epidemic risk business expertise, securing opinion leadership, e.g., by presentations at workshops and conferences
  • Quality assurance of solution proposals and related documentation, including perceived quality of customer interactions of Munich Re
  • Advise deal teams on accumulation control via product design and appropriate risk management techniques, including structuring of distribution/offloading transactions
  • Contribute to transforming risk in transactions of different types and legal forms
  • Advance processes, data and tools for transaction and portfolio management and administration
  • Support claims settlements and support determining the obligation to indemnify
  • YOUR PROFILE

  • University degree in business, risk management & insurance, mathematics, law or a related subject
  • 10+ years of underwriting and business origination experience, ideally in various lines of business, with a focus on complex non-standard business, including facultative business, industrial business, captives or specialty lines (non-life)
  • Broad and strong industry network as a basis for new business origination and forming strategic partnerships with other institutions
  • Strong understanding of legal implications and effectiveness of contract wordings
  • Proven expert knowledge of methods, tools and underwriting guidelines, capable of market standard setting
  • Willingness to explore new product concepts and to expand own expertise
  • Experience in dealing with clients at the senior executive level
  • Exceptional presentation skills, particularly in the communication of complex ideas
  • Ability to proficiently communicate technical and strategic features of transactions (such as pricing bases, accumulation risk management, reporting impacts, etc.)
  • Intrinsic motivation, commercial instinct, out-of-the-box thinking
  • Entrepreneurial attitude
  • Strong analytical and conceptual skills as well as parallel support for several complex projects and project team members - also in a cross-disciplinary, international and multicultural environment
  • Confident and affable manner, negotiating skills and strong customer focus
  • Preferably, experience from developed as well as emerging markets
  • Commitment and willingness to travel
  • Proactive and innovative in solving problems as well as high personal integrity and flexibility in a rapidly changing environment
  • Independent, reliable, and consistent working style, but still a good team player
  • Fluent English speaker (other languages are a plus)
  • Benefits

    You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%

    About us

    You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning

    You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders

    We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn

    You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions

    We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged

    Munich Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees


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