Munich Re Hong Kong Branch, part of Munich Re, is recruiting for a Senior Underwriter, Property Treaty to 1) ensure underwriting excellence in property treaty business; 2) support business generation for targeted segments; 3) proactively contribute to Munich Re’s Ambition 2030.
The position is based in Hong Kong and reports to the Head of Property Treaty, Greater China.
Your Role
- Assure the quality of technical risk reviews and underwriting decisions, including non-traditional reinsurance products. This includes premium calculation and the stipulation of reinsurance conditions in accordance with underwriting guidelines, internal rules, authorities, targets, and client strategies for respective programs.
- Prepare for and lead negotiations with cedants and brokers in coordination with Client Management for the respective programs.
- Act as key interface with Client Management in servicing client accounts and identifying new business opportunities; provide technical solutions and support claims management activities.
- Develop non-traditional reinsurance solutions, where appropriate, primary insurance concepts in cooperation with specialists across Munich Re.
- Influence underwriting quality and strategy within the area of responsibility. Support underwriting reviews, including cross-departmental reviews.
- Support the Greater China Head of Property Treaty in strategy development and actively contribute to planning and performance monitoring process.
- Design and deliver seminars and workshops for internal and external training programmes and actively participate in market events.
- Assume special assignments, including heading and supporting departmental and cross-departmental working groups and projects.
- Prepare technical publications including MR brochures and publications, articles for insurance journals, client publications and other technical materials.
- Main Interfaces: Underwriting (Facultative & Treaty), Client Management, Accounting, Claims, Reserving.
Your Profile
- University degree, preferably in economics, a scientific discipline or a related field; recognized insurance qualifications would be advantageous.
- Minimum 8 years of underwriting experience, with in-depth knowledge of reinsurance and primary insurance in the property line of business.
- Creativity and proven experience in developing non-traditional products, as well as a strong understanding of the market and regulatory developments.
- Expert knowledge of property treaty underwriting and rating tools, supported by strong analytical and quantitative skills.
- Exceptional communication, presentation and negotiation skills, combined with strong teamwork capabilities and a willingness to share knowledge.
- Proficient in English; fluency in Chinese preferred.
Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.
We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.