Job Description

You will join the Southeast Asia underwriting team as Property Treaty Underwriter (including Engineering) in Singapore and will be responsible for various property underwriting tasks which vary across risk assessment of Property treaty business by natural catastrophe/fire risk, pricing, contractual wording, product/solution development and client dialogue.Your Role:Underwriting:Technically assess property treaty accounts/structures using natural catastrophe models and statistical toolsPrice and discuss terms and conditions of programs along with our client management teamEnsure underwriting excellence from technical pricing to contract wordingParticipate in dialogue and exchanges between underwriting teams, experts within the Munich Re group (e.g., developing pricing models/tools) and with external expertiseUnderstand exposures and coverage provided under other line of business for appropriate assessment of multi-line treatiesLead and support cross-functional projects, property specific projects, and conduct market research, as applicableCoach, guide, and train junior underwriters on underwriting, market, and client topicsProduct Development:Take challenges in exploring new business ideas and product development both in reinsurance and primary insurance; non-traditional product (catastrophe triggers, public private partnership, digital products etc.)Consultation for clients to identify pain-points/growth opportunityClient Facing and Marketing:Support our client management team on technical aspects, in dialogue and negotiation with clients and brokersYour Profile:University degree preferably in Natural / Computer Science, Mathematics / Statistics, Engineering, Economics, Finance, or relevant insurance qualificationsMinimum 5 years of professional experience in treaty (re)insuranceA high degree of analytical and problem solving skills, coupled with a structured and logical thinking processExperience in programming would be beneficialKnowledge of the Southeast Asian re/insurance market, e.g., original policy coverage, market factsStrong interest in catastrophe insurance and aspiration of career development in treaty underwriting fieldAbility to work collaboratively in a team with good project management skillsHigh level of curiosity and interest in skills developmentProficient in managing relationships, including effective stakeholder relationship managementWillingness to travelOur Benefits:Flexible and hybrid working arrangementsGenerous annual leave allowanceCompetitive dental, life and health insurance coverageAt Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.

Munich Re