Job Description

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 experienced Senior Engineering Underwriter with focus on single-risk Engineering business (Construction / Power / Renewable Energy) for our underwriting team in Singapore. You will be responsible for business development and underwriting of facultative and corporate Engineering business for our SEA clients.Your RoleUnderwriting facultative and corporate Engineering 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 strategiesDevelop and grow a sustainable book of business and exploiting new business potentials by interacting with clients and brokers, understanding their strategy and business needs for developing joint opportunitiesDevelop innovative insurance solutions and products in addition to conventional covers in close co-operation with other business unitsSupport our client management and our treaty underwriters on technical questions and business development and exploiting all synergies available with Munich Re worldwideDevelop and execute risk-management concepts including joining risk inspections for target risks and supporting clients on risk assessment matters, if requiredOrganize and conduct seminars / workshops for clients and internal staff, providing clients with value-added servicesExecute portfolio performance and market analysisMaintain and expand technical and market know-howYour ProfileProfessional underwriting experience in the primary or reinsurance property insurance market for at least 10 years with a strong focus on Engineering business segment in AsiaDemonstrate proficient know how in these sectors, for example by having worked in the engineering segment, through Loss Control Engineering experience or by demonstrating that there is significant on-the-job underwriting experience in this field including site visitsBachelor's degree in Engineering or a scientific related subjectDesirable experience in Engineering and risk management / risk inspectionsSound technical knowledge of the relevant underwriting processes including risk evaluation, pricing high level of competence in reviewing contract wording exercises for the engineering business segmentA deal-making attitude with capabilities and passion to conduct and solicit business opportunities from clients and brokersStrong IT and analytical skillsGood communication, negotiation and presentation skillsPossess good business insights and creativitySolution-oriented with a focused, proactive, efficient and independent working styleFluent business English (written and spoken) and another Asian language is preferred (written and spoken)Our BenefitsFlexible and hybrid working arrangementsGenerous annual leave allowanceCompetitive dental, life and health insurance coverageAt 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 center of this interaction is each of us.

Munich Re