Underwriter Agriculture

Company
Munich Re
Location
Mumbai , India

Job Purpose:

Munich Re India Branch is responsible to develop and manage reinsurance business in SAARC region in line with over all Munich Re’s global business strategy.

The UW will be responsible for development of a sustainable and profitable agricultural reinsurance portfolio primarily in India and going forward in adjacent countries. The position is also responsible for supporting underwriting for portfolios in rest of Asia (ex-China), Africa and Middle East, maintaining and developing client and stakeholder relationship, ensuring consistent support in overall objective of high underwriting quality and maintenance/development of technical expertise and special market knowledge. The ability to quickly understand a new business proposition and to position it within the Munich Re business model is key.

The UW will work in a collaborative team environment. Engagement with the clients, brokers and other external agencies and alignment with the internal cross functional teams of Underwriters, Analytics and Finance is a key element of the role.

You role:
Key Responsibilities: 

Continuous analysis of agricultural primary and reinsurance markets in India and adjacent countriesDevelop and maintain good working relationships with clients, brokers and other agricultural insurance related stakeholders (e.g. service providers, claims agencies, CCE agencies, Technology providers on claims assessment etc.)Develop Individual client strategies in consultation with Regional Head of Agriculture and other senior management at Munich Re – APA (Asia Pacific/Africa) RegionSupporting information and assistance for technical risk reviews and acceptances, complex (incl. non-traditional) RI productsPreparation and conducting negotiations with cedants and brokers in coordination with Regional Head AgricultureActive participation in client events (congresses, market events)Develop and implement the strategy for client engagement, develop alignment of interest, and ensure we have a coherent, long-term relationship with our clients and channels.Work closely with key stakeholders internally and externally to identify trends and new opportunities.Play an active role in the acquisition, retention and servicing of clients.Train junior underwriters and colleagues new to the team in your area of expertise

Your profile :
Education & Experience: 

Graduate degree in commerce, finance, business. Preferred in agriculture or related areas. Professional qualifications are an advantage.

5 to 7 years of relevant experience in actuarial, underwriting and business enablement for an insurer or reputable brokerSignificant exposure to Indian agriculture insurance business, understanding of stakeholders is a mustHigh proficiency in Excel. Experience in Data analytics and relevant tools (R, Python, Matlab, Excel Macros) will be an added advantage.Relevant knowledge of the non-life Insurance business. Understanding of the reinsurance business will be an added advantage.Proven ability to communicate actively, effectively and succinctly with strong facilitation, presentation and negotiation skills.Able to engage with and impress C-Level and engage across the levels within the client as well as Munich ReAble to work in a dynamic environment and deliver under very tight time pressureWilling to travel

Competencies:

Enjoys working in a constantly changing and fast-paced environment.Proactive and dynamic problem solver with a talent for dealing with ambiguity.Self-starter but also a strong collaborator.

About Munich Re:
Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business. Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1900 team members in 20 locations. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh

Apply now! Apply for this Job! About Munich Re Munich Re Worldwide Follow Us Privacy Legal Notice Imprint