Munich Re

Junior Client Underwriter Property Treaty for Middle East/North Africa

Munich Re

Munich Re Group (Munich Reinsurance Company, German: Münchener Rück; Münchener Rückversicherungs-Gesellschaft) is a reinsurance company based in Munich, Germany. It is one of the world’s leading reinsurers. ERGO, a Munich Re subsidiary, is the Group’s primary insurance arm.Munich Re's shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices.
Munich Reinsurance Company
Königinstraße 107
80802 München

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Junior Client Underwriter Property Treaty for Middle East/North Africa (m/f/d) *

Munich , Germany

As a underwriter for MENA (Middle East/North Africa) markets, you will be part of our experienced client market team supporting our property clients in over 10 different fast-growing markets.

Your area of responsibility will comprise reinsuring the property treaty book as well as actively managing client relationships in the North African markets as their main point of contact across different lines of business. This combined role allows you to embrace both strong technical underwriting skills and a client-centric approach characterised by client interactions on a daily basis.

Excellent service and innovative solutions are key for our clients. We serve their needs together with MENA Client Management and other stakeholders like the Global Consulting Unit. We also act as sparring partners, jointly rethink coverages and structures, and develop new products. For many of our markets, data analytics is still in its infancy, which opens up the opportunity for you to develop your own ideas and solutions.

We are part of the bigger, vibrant APA community. Especially with the Underwriting Team of Munich Re of Africa, we have a platform for close collaboration, mutual exchange and support.

Working in our wide range of different vibrant insurance markets gives you a unique opportunity to further develop your technical expertise as well as your intercultural and personal skills.

If you are open minded and a great team player, and if you thrive in a high-performing and client-focused environment dedicated to making an impact, we would like to get to know you.

Your job

In your role as junior client underwriter, you will be in charge of the following areas of responsibility:

  • Underwritinga broad variety of proportional and non-proportional reinsurance treaties both for complex and more traditional reinsurance solutions with guidance from your senior and experienced underwriters
    • Performing risk assessment, (NatCat) modelling, and pricing for different kinds of treaty structures for property and engineering business including special acceptances
    • Analysing and evaluating coverage and wording of contractual documents and ensuring compliance with all guidelines, internal rules and authorities
    • Handling the full process of underwriting and monitoring the existing treaty business within your defined responsibilities
  • Taking over the Client ManagementFunction for selected North African markets with the support of the MENA Client Management Team
    • Being the first point of contact for the clients and actively managing the client relationship in close collaboration with the whole Client Team
    • Acquiring and displaying a deep understanding of your client’s UW strategy, portfolios, steering measures, performance, business development and RI buying behaviour
    • Driving increasingly independently negotiations with customers and reinsurance brokers and orchestrating internal stakeholders and decision-makers
    • Expanding existing client relationships and leveraging new business potential
  • Assuming responsibility for selected overarching topics and business strategy
    • Shape the line of business, market and client strategies as part of the underwriting and client team
    • Driving emerging topics such as climate change, ESG, and shock inflation as well as taking ownership for underwriting excellence topics
    • Contributing to cocreation of new insurance or data analytics solutions together with a broader APA client team and other internal stakeholders
    • Participating in divisional and cross-divisional initiatives and projects
    • Actively contributing to the [email protected]/new ways of working culture in our team

Your profile

  • First 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/or first professional experience in quantitative or law-related field (e.g. consulting, primary insurance, NatCat modelling, law firm) and commitment to building up relevant knowledge
  • Strong analytical as well as communication and intercultural skills
  • Excellent command of English; knowledge of French is an advantage
  • Pronounced ability to work both independently and in a team, knowledge-sharing culture
  • High level of dedication, client- and solution-orientation, “can do” attitude
  • Willingness to travel

About us

As the world’s leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel. Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. Sounds like you? Make it happen and be part of Munich Re.

  • You will work in an environment where we think big: Change and culture are continuously role-modeled. 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 leveraging digitalization to deliver solutions
  • Join us, and experience that 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

Münchener Rückversicherungs-Gesellschaft
Astrid von Minckwitz
Human Resources
Königinstraße 107
80802 München

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  • Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritised, if equally qualified.

If you require alternative methods of application or screening, you must approach Munich Re directly to request this, as we're not responsible for the employer's application process.

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