Munich Re is one of the world's leading reinsurance companies with more than 11,000 employees at over 50 locations around the globe. We are working on topics today that will concern the whole of society tomorrow, whether that be climate change, major construction projects, gene technology or space travel. We find solutions to these challenges through a network of highly qualified professionals who anticipate risks, work on tailor-made solutions and expertly advise our clients.
We are looking for an Underwriter with focus on single-risk property business for our underwriting team in Singapore. (A loss control / engineering background would be a plus). Reporting to the Head of Facultative & Corporate South-East Asia, you will be responsible for business development, underwriting and administration of facultative and corporate business for our South East Asia business.
Your Role
- Underwriting facultative and corporate property business in South East Asia, including assessing the risks, evaluating and providing reinsurance terms and conditions in accordance with the applicable underwriting authority, underwriting guidelines, internal directives, targets and client strategies.
- Developing and growing a sustainable book of business and exploiting new business potentials by closely interacting with clients & brokers, understanding their strategy and business needs for developing joint opportunities.
- Developing innovative insurance solutions and products in addition to conventional covers in close co-operation with other business units.
- Supporting our client management and our treaty underwriters on technical questions and business development by taking a high degree of personal initiative and consistently exploiting all synergies available with Munich Re worldwide.
- Developing and executing risk-management concepts including joining risk inspections for target risks and supporting clients on risk assessment matters, if required
- Organizing and conducting seminars / workshops for clients and internal staff, providing clients with value-added services.
- Executing portfolio performance and market analysis.
- Maintaining and expanding technical and market know-how.
Your Profile
- Professional underwriting experience in the primary or reinsurance property insurance market for at least 10 years with Property (Re)insurance for the Large Corporate Single Risks, preferably for Asian markets.
- Technical knowledge of the relevant underwriting processes including risk evaluation, pricing high level of competence in reviewing contract wording exercises for the complex property business segment
- Capabilities and passion to actively conduct and solicit business opportunities from clients & brokers.
- Desirable experience in engineering and risk management / risk inspections.
- Strong IT and analytical skills.
- Conscientious business acumen, creativity, ability to work in a diverse & multi-cultural team
- Fluent business English (written and spoken).and desirably Bahasa Indonesia and/or Thai (written and spoken)
- Good communication, negotiation and presentation skills.
- Entrepreneurial mind-set and a passion to work in a newly set-up environment.
Our Benefits:
- Flexible and hybrid working arrangements
- Generous annual leave allowance
- Competitive dental, life and health insurance coverage
At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.
