Overview

Epidemic Risk Solutions (ERS) develops risk-transfer solutions for epidemic and pandemic risks for non-life, life, and public sector insurance. Epidemics are outbreaks of contagious diseases that severely impact corporations, the economy, and insurers’ portfolios. Past epidemics led to significant revenue losses or significant additional expenses in many industries, e.g., tourism and travel, hospitals, and labour-intensive production sites. By better understanding and evaluating epidemic risk exposure, we try to turn this risk into an opportunity and globally advance the development of a new business field for Munich Re. Besides providing innovative solutions for businesses in various industry segments (e.g., non-damage business interruption), public sector and reinsurance products as well as transformation of these risks into capital market instruments are within the scope of ERS. The focus of this role will be on non-life business.In this challenging and demanding context, we are looking for an experienced underwriter or originator to cover diverse inquiries in an international environment. The job has a strong focus on new business origination, structuring of adapted solutions, and execution of the underwriting process in an entrepreneurial approach.This role is not filling an existing vacancy, but is intended to accelerate business development. This creates a certain level of flexibility in approach. We are open to consider both candidates with an excellent business origination network and a strong technical understanding, as well as candidates with a structuring background who are looking to move towards responsibility for business development.YOUR JOB

Development of our global business through (global) origination of new business via various sales channels (direct corporate business, reinsurance, reinsurance and retail brokers, and others)Assess and write epidemic risks in various lines of business with a focus on transaction structuring, risk assessment, and wordingIdentification of client needs for devising and structuring new or adjusted types of insurance coverage accompanied by bespoke services in cooperation with interdisciplinary team membersOriginate new customer relationships, maintain and intensify existing customer relationshipsLeading negotiations of transaction terms with corporates, brokers and cedentsManage deal teams across various departments, ensuring a smooth underwriting processEnsure high underwriting standards for the global ERS teamContribute to expanding and refining the wording base for epidemic risk businessManage the risk portfolio, including portfolio administrationActive participation in internal approval processes for customer transactions and new product initiativesPushing of market development and creation of visibility of the epidemic risk business expertise, securing opinion leadership, e.g., by presentations at workshops and conferencesQuality assurance of solution proposals and related documentation, including perceived quality of customer interactions of Munich ReAdvise deal teams on accumulation control via product design and appropriate risk management techniques, including structuring of distribution/offloading transactionsContribute to transforming risk in transactions of different types and legal formsAdvance processes, data and tools for transaction and portfolio management and administrationSupport claims settlements and support determining the obligation to indemnifyYOUR PROFILE

University degree in business, risk management and insurance, mathematics, law or a related subject10+ years of business origination and underwriting experience, ideally in various lines of business, with a focus on complex non-standard business, including facultative business, industrial business, captives or specialty lines (non-life), or structured reinsuranceBroad and strong industry network as a basis for new business origination and forming strategic partnerships with other institutionsStrong understanding of legal implications and effectiveness of contract wordingsExperience and track-record of independent structuring of new insurance productsProven expert knowledge of methods, tools and underwriting guidelines, capable of market standard settingWillingness to explore new product concepts and to expand own expertiseExperience in dealing with clients at the senior executive levelExceptional presentation skills, particularly in the communication of complex ideasAbility to proficiently communicate technical and strategic features of transactions (such as pricing bases, accumulation risk management, reporting impacts, etc.)Intrinsic motivation, commercial instinct, out-of-the-box thinkingEntrepreneurial attitudeStrong analytical and conceptual skills as well as parallel support for several complex projects and project team members - also in a cross-disciplinary, international and multicultural environmentConfident and affable manner, negotiating skills and strong customer focusPreferably, experience from developed as well as emerging marketsCommitment and willingness to travelProactive and innovative in solving problems as well as high personal integrity and flexibility in a rapidly changing environmentIndependent, reliable, and consistent working style, but still a good team playerFluent English speaker (other languages are a plus)Seniority level

Mid-Senior levelEmployment type

Full-timeJob function

Finance and SalesIndustries

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