Underwriting
Underwriters communicate our risk appetite
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A skyscraper built in an earthquake hot zone, cargo traveling pirate-infested waters – what could possibly go wrong? For our underwriters writing such risks is part of their daily diet.
Making the world of risks manageable
Constantly mastering new challenges, working flexibly and thinking out of the box - our underwriters may come from different scientific disciplines such as law, economics and mechanical engineering, but they all have these core characteristics. With their efficient risk transfer solutions, they support our customers so that they can fully devote themselves to their business.
Underwriting needs experience, imagination & analytical thinking
Our underwriters are promoting Munich Re in various projects.
Targeted analysis & business intuition
Before signing a contract, our underwriters gather all relevant information on the risk in question and analyze it carefully. For reinsurance solutions, they assess the risk of original policies and evaluate insurance portfolios. In assessing large, complex individual risks, they also draw on their specialist knowledge of industry, economics and law, and, if necessary, on the knowledge of Munich Re's global teams of experts.
The main tasks of our underwriters are to calculate premiums and work out contract terms that are acceptable to both sides. For this, they sometimes conduct intensive negotiations with their clients before finally drawing up and signing the contract.
I look at risks from all angles – technical, legal and social. The challenge inspires me, not just intellectually.
Michael
Munich Re Germany, Munich
Facultative Underwriter
Apply now!
You are an expert passionate about your field and curious to explore new horizons. As a team player with excellent communication skills you thrive in diverse settings. You are all of this and more?
What we look for in underwriters
Excellent decision-making and negotiation skills
Strong analytical skills
An open mind, creativity and business sense in coming up with solutions
Client-minded communicator and team worker with intercultural and interpersonal competencies
Current topics in the field of operating risks
Caution with interdependencies
Complexly structured companies require more sophisticated insurance products to adequately protect themselves against the risk of business interruption. For example, tight vertical integration complicates risk management. Insurers are called upon when it comes to proper risk assessment or claims evaluation.
EQuIP: an NDBI solution specifically for the pharmaceutical industry
Even pharmaceutical companies are not immune to regulatory risks. If a government agency orders a production stop, Munich Re's tailored business interruption insurance protects against financial losses. It provides cover without preceding property damage and actively supports companies in risk management. This makes quality, manufacturing and supply chain risks controllable.
Epidemic Risk Solutions - Saving Lives, Protecting the Economy
Since the World Health Organization declared the coronavirus outbreak a pandemic, the world has been in a state of emergency. The drastic measures taken in the affected countries to contain the pandemic highlight the seriousness of the situation - for societies, the economy and each and every one of us.
141
141 years of experience in risk management
1st Place
1st place in the list of the top 50 reinsurance groups worldwide
Nr. 1
Market leader in cyber risk management
208%
Solvency II ratio as of December 31, 2020
Challenges in the field of underwriting
Structuring, evaluating and accepting reinsurance offers and maintaining relationships with our clients to increase the return on our portfolio
Establishing product development projects as well as innovative and customized solutions for primary insurance with customers and newly established partners
Promoting internal collaboration with other departments, such as the cyber unit or customer management, and network with experts worldwide
At Munich Re, we work hand in hand with scientific institutes on a daily basis. My team and I develop diverse risk models - our highest priority and also the base for insurance is the transparency of future risks.
Anja
Munich Re Germany, Munich
Convective Storm Consultant Meteorology
At Munich Re, underwriting experts work closely with various specialist units.
Meet underwriters at Munich Re
One area - diverse career opportunities
We promote and challenge our employees in all specialist areas. We also offer you a range of intellectually challenging and diverse careers in underwriting: from reinsurance through industry insurance up to product innovation. With your individual strengths, framework conditions and career goals, you actively determine the direction in which you want to advance your career.
Apply now!
You are an expert passionate about your field and curious to explore new horizons. As a team player with excellent communication skills you thrive in diverse settings. You are all of this and more?
