Senior Underwriter Epidemic Risk Solutions (m/f/d) for the MR Markets Division - Epidemic Risk Solutions Epidemic Risk Solutions (ERS) develops risk-transfer solutions for epidemic and pandemic 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 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, structuring of adapted solutions, and execution of the underwriting process in an entrepreneurial approach. This role is not filling an existing vacancy, but is intended to accelerate business development. This creates a certain level of flexibility in approach. We are open to consider both candidates with an excellent business origination network and a strong technical understanding, as well as candidates with a structuring background who are looking to move towards responsibility for business development. YOUR JOB Development of our global business through (global) 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 transaction structuring, risk assessment, and wording Identification of client needs for devising and structuring new or adjusted 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 business origination and underwriting 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), or structured reinsurance 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 Experience and track-record of independent structuring of new insurance products 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 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)
Dec 09, 2025
Full time
Senior Underwriter Epidemic Risk Solutions (m/f/d) for the MR Markets Division - Epidemic Risk Solutions Epidemic Risk Solutions (ERS) develops risk-transfer solutions for epidemic and pandemic 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 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, structuring of adapted solutions, and execution of the underwriting process in an entrepreneurial approach. This role is not filling an existing vacancy, but is intended to accelerate business development. This creates a certain level of flexibility in approach. We are open to consider both candidates with an excellent business origination network and a strong technical understanding, as well as candidates with a structuring background who are looking to move towards responsibility for business development. YOUR JOB Development of our global business through (global) 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 transaction structuring, risk assessment, and wording Identification of client needs for devising and structuring new or adjusted 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 business origination and underwriting 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), or structured reinsurance 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 Experience and track-record of independent structuring of new insurance products 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 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)
Senior DU Analyst (Regulatory & Compliance) About us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals. Senior DU Analyst (Regulatory & Compliance) We are currently looking for a Senior DU Analyst to work with us on a full-time basis in our London office, reporting into our Group Head of Delegated Underwriting. You will support the Munich Re Delegated Underwriting (DU) team, specifically the Syndicate (MRS) with all aspects of regulatory and compliance matters, assessing the impact of changes and developments introduced by the FCA, Lloyd's and other regulators on delegated authorities business Responsibilities: Liaise with MRS Compliance and Conduct Risk functions on all regulatory matters and compliance developments identifying impact on delegated underwriting and proposing process changes. Independently assess regulatory changes in UK and international trading requirements, e.g. Crystal and LITA Alerts, Lloyd's wordings, LMA clauses, etc. providing training and communication to the DU team, Underwriters, Coverholders and Lloyd's Brokers as necessary. Assist with the initial on-boarding of coverholders and binding authorities, annual review process and delivery of the audit plan analysing licensing and regulatory issues and providing feedback. Assist with the coverholder oversight process assessing breaches to authorities using bordereaux data. Understand MRS delegated underwriting governance and, supporting the Group Head of DU and Deputy Manager, evaluate processes in line with Lloyd's, Munich Re Group, FCA and other regulators' rules ensuring relevant procedures and systems are maintained and updated. Contribute to standard and ad-hoc reports to internal and external stakeholders including in areas such as Solvency II, Conduct Risk, Lloyd's Europe, FCA (e.g. eligible complainants, RMAR, etc.). Assist with delegated underwriting initiatives and developments. Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders. Understand all appropriate lines of escalation and the responsibilities of Conduct governance within MRSL. Support the process and structure that upholds the requirements set out in the Lloyd's Conduct Risk Minimum Standards and Complaints Principles. Knowledge and Skills Knowledge: Advanced business knowledge and understanding of: Bordereaux analysis and management, e.g. DDM/Tide and other bordereaux management applications, e.g. VIPR Intrali, BORDEREAUX Sound knowledge of risk and premium reporting and credit control for delegated underwriting Lloyd's delegated authority tools, e.g. Atlas, DCOM, IMR, Blueprint 2 Report production, analysis and presentation utilising reporting tools, QlikView, PowerBI Underlying principles of insurance/reinsurance practice Lloyd's Market practices and regulation, specifically relating to delegated underwriting Demonstrate clear understanding of all company specific procedures that relate to own role Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation Skills: Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools Ability to manage own workload and to work both supportively and jointly with colleagues Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs Diversity, Equity & Inclusion At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact. Learning and innovating today, striving for sustainable societies and business tomorrow At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Critical illness insurance + Life Assurance + Permanent Health Insurance Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility) Electric Vehicle Salary Sacrifice Scheme Study & continuing Professional Development Support
Dec 09, 2025
Full time
Senior DU Analyst (Regulatory & Compliance) About us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals. Senior DU Analyst (Regulatory & Compliance) We are currently looking for a Senior DU Analyst to work with us on a full-time basis in our London office, reporting into our Group Head of Delegated Underwriting. You will support the Munich Re Delegated Underwriting (DU) team, specifically the Syndicate (MRS) with all aspects of regulatory and compliance matters, assessing the impact of changes and developments introduced by the FCA, Lloyd's and other regulators on delegated authorities business Responsibilities: Liaise with MRS Compliance and Conduct Risk functions on all regulatory matters and compliance developments identifying impact on delegated underwriting and proposing process changes. Independently assess regulatory changes in UK and international trading requirements, e.g. Crystal and LITA Alerts, Lloyd's wordings, LMA clauses, etc. providing training and communication to the DU team, Underwriters, Coverholders and Lloyd's Brokers as necessary. Assist with the initial on-boarding of coverholders and binding authorities, annual review process and delivery of the audit plan analysing licensing and regulatory issues and providing feedback. Assist with the coverholder oversight process assessing breaches to authorities using bordereaux data. Understand MRS delegated underwriting governance and, supporting the Group Head of DU and Deputy Manager, evaluate processes in line with Lloyd's, Munich Re Group, FCA and other regulators' rules ensuring relevant procedures and systems are maintained and updated. Contribute to standard and ad-hoc reports to internal and external stakeholders including in areas such as Solvency II, Conduct Risk, Lloyd's Europe, FCA (e.g. eligible complainants, RMAR, etc.). Assist with delegated underwriting initiatives and developments. Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders. Understand all appropriate lines of escalation and the responsibilities of Conduct governance within MRSL. Support the process and structure that upholds the requirements set out in the Lloyd's Conduct Risk Minimum Standards and Complaints Principles. Knowledge and Skills Knowledge: Advanced business knowledge and understanding of: Bordereaux analysis and management, e.g. DDM/Tide and other bordereaux management applications, e.g. VIPR Intrali, BORDEREAUX Sound knowledge of risk and premium reporting and credit control for delegated underwriting Lloyd's delegated authority tools, e.g. Atlas, DCOM, IMR, Blueprint 2 Report production, analysis and presentation utilising reporting tools, QlikView, PowerBI Underlying principles of insurance/reinsurance practice Lloyd's Market practices and regulation, specifically relating to delegated underwriting Demonstrate clear understanding of all company specific procedures that relate to own role Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation Skills: Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools Ability to manage own workload and to work both supportively and jointly with colleagues Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs Diversity, Equity & Inclusion At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact. Learning and innovating today, striving for sustainable societies and business tomorrow At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Critical illness insurance + Life Assurance + Permanent Health Insurance Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility) Electric Vehicle Salary Sacrifice Scheme Study & continuing Professional Development Support
About us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, allowing them to achieve their individual goals. We are currently looking for an Underwriter to be based in our Manchester office on a full-time basis, reporting into the Underwriter & Team Leader. Your role is to achieve and maintain a profitable, well-balanced, and growing portfolio with allocated intermediaries and customers to assist in meeting the long-term trading objectives of the Company. Provide technical underwriting expertise and guidance to less experienced underwriting staff. Responsibilities: Work with the intermediary/customer, undertaking end-to-end handling of cases for the allocated portfolio to deliver the agreed joint business development plans in line with the Company's overall trading strategy. Make effective on-site decisions, within delegated authority, for allocated intermediaries to ensure work is completed efficiently. Develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company's trading objectives to deliver profitable and balanced growth. Plan and process your work to help the team meet its customer service and credit control targets. Identify, define, and close business opportunities, seeking input from other staff when appropriate, to ensure swift and effective business proposals that secure business for the Company. Serve as a reference point on all issues for the allocated intermediary/customer or less experienced staff to ensure high customer service levels. Assist in maintaining a balanced, high-quality portfolio by optimising the use of gathered information. Undertake other duties as directed within the scope of the job function. Knowledge and Skills High level of underwriting knowledge within Marine Trade. Understanding of technical underwriting, philosophy, and Company trading strategy. Ability to interpret and effectively use management information. Knowledge of the local market. Internal relationships with Executive Directors, Line of Business Managers, team members, Underwriters, the Claims Department, and the Syndicate. External relationships with contacts within the allocated intermediaries and customers. Diversity, Equity & Inclusion At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. We recognize that diversity can be multi-dimensional, intersectional, and complex. We aim to build a diverse workforce that includes various racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. We are committed to creating an equitable and inclusive work environment where this diversity is celebrated, valued, and provides equitable opportunities to succeed. Candidates can request reasonable adjustments at any stage of our recruitment process by contacting your Talent Acquisition representative. Our Commitment to Sustainability and Development Our ESG strategy is designed to seize business opportunities and foster an inclusive, stimulating work environment. We support local initiatives and offer volunteering opportunities for colleagues, focusing on environmental, social, and governance topics, including: Critical illness insurance, Life Assurance, Permanent Health Insurance Wellbeing and Development Scheme, EAP, Health Assessments (subject to eligibility) Electric Vehicle Salary Sacrifice Scheme Support for Study & Continuing Professional Development
Dec 09, 2025
Full time
About us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, allowing them to achieve their individual goals. We are currently looking for an Underwriter to be based in our Manchester office on a full-time basis, reporting into the Underwriter & Team Leader. Your role is to achieve and maintain a profitable, well-balanced, and growing portfolio with allocated intermediaries and customers to assist in meeting the long-term trading objectives of the Company. Provide technical underwriting expertise and guidance to less experienced underwriting staff. Responsibilities: Work with the intermediary/customer, undertaking end-to-end handling of cases for the allocated portfolio to deliver the agreed joint business development plans in line with the Company's overall trading strategy. Make effective on-site decisions, within delegated authority, for allocated intermediaries to ensure work is completed efficiently. Develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company's trading objectives to deliver profitable and balanced growth. Plan and process your work to help the team meet its customer service and credit control targets. Identify, define, and close business opportunities, seeking input from other staff when appropriate, to ensure swift and effective business proposals that secure business for the Company. Serve as a reference point on all issues for the allocated intermediary/customer or less experienced staff to ensure high customer service levels. Assist in maintaining a balanced, high-quality portfolio by optimising the use of gathered information. Undertake other duties as directed within the scope of the job function. Knowledge and Skills High level of underwriting knowledge within Marine Trade. Understanding of technical underwriting, philosophy, and Company trading strategy. Ability to interpret and effectively use management information. Knowledge of the local market. Internal relationships with Executive Directors, Line of Business Managers, team members, Underwriters, the Claims Department, and the Syndicate. External relationships with contacts within the allocated intermediaries and customers. Diversity, Equity & Inclusion At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. We recognize that diversity can be multi-dimensional, intersectional, and complex. We aim to build a diverse workforce that includes various racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. We are committed to creating an equitable and inclusive work environment where this diversity is celebrated, valued, and provides equitable opportunities to succeed. Candidates can request reasonable adjustments at any stage of our recruitment process by contacting your Talent Acquisition representative. Our Commitment to Sustainability and Development Our ESG strategy is designed to seize business opportunities and foster an inclusive, stimulating work environment. We support local initiatives and offer volunteering opportunities for colleagues, focusing on environmental, social, and governance topics, including: Critical illness insurance, Life Assurance, Permanent Health Insurance Wellbeing and Development Scheme, EAP, Health Assessments (subject to eligibility) Electric Vehicle Salary Sacrifice Scheme Support for Study & Continuing Professional Development