Underwriters at Munich Re

Underwriters are responsible for ensuring the quality and reliability of Munich Re’s risk-transfer solutions. They need a thorough understanding of the markets and clients they service in order to properly assess the insured risks involved. Their job is to develop products that best reflect the characteristics of the risks and clients’ needs. At the same time, these products have to ensure long-term profitability for Munich Re through risk-commensurate pricing and clearly defined cover. So underwriters make a vital contribution to the success of Munich Re and to that of our clients all over the world.

An underwriter's duties are varied and can be categorised into four groups:

• Technical analysis (assessing original policy risk)
• Legal assessment (drafting/analysing policy wordings)
• Business know-how (developing client strategies)
• Actuarial (pricing reinsurance covers)