Munich Re UK Life Branch is growing!
We value the strengths and perspectives diverse voices bring to our inclusive culture.
At Munich Re, you'll join a deeply talented network of colleagues. You’ll engage with your team in building unconventional solutions.
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Unlock your full potential and make a lasting impact on a global scale with a renowned leader in the industry
At Munich Re UK Life Branch, we are embarking on an exciting journey to shape our future, and we are committed to empowering our teams to grow alongside us.
By joining us, you will be part of something bigger than a job – a chance to work on high-impact projects that shape our business, collaborate with talented colleagues in a dynamic environment, and apply your expertise to make a positive impact.
We're looking for individuals with diverse skills and expertise to join our community and help create a better tomorrow. If you are ready to elevate your career, we invite you to Push boundaries with us.
Who we are
Our people are the heart of our business. We strive to cultivate an environment where they can thrive and reach their full potential, driving our collective success.
Embracing the power of Diversity, Equity and Inclusion (DEI) is at the core of who we are
"Diversity, Equity & Inclusion foster innovation and resilience and enable us to act braver and better."
At Munich Re, we believe that DEI is the cornerstone of our strength. This is reflected in our inclusive culture, which celebrates a broad spectrum of individual differences. By embracing this, we create an environment that encourages innovation and resilience.
We're proud to welcome people from all walks of life, and our inclusive approach is fundamental to our success. As a result, DEI are at the heart of everything we do, and we're committed to delivering and embedding our DEI Strategy, ensuring it remains a core part of our identity.
Find out more about our DEI initiatives
Areas of expertise
Longevity team
Our UK-based team has global responsibility for overseeing the reinsurance of longevity risk, developing and implementing the Group's approach to this complex risk across all markets and jurisdictions. By assuming longevity risk, we provide pension providers with financial stability and confidence, enabling them to meet their long-term commitments to retirees and ensure secure retirements, ultimately securing a more stable retirement for people worldwide.
Our team's capabilities encompass:
- New Business Support: We leverage our specialist knowledge to deliver a range of solutions that enable our clients to mitigate their longevity risk exposure.
- In-Force Management: We uphold the highest technical standards, while adopting a solution-focused, and collaborative approach. This enables us to optimise the performance and sustainability of our legacy book of treaties, ensuring its continued vitality and resilience.
I have a huge amount of variety in my role which keeps things interesting – from pricing and executing deals with both existing and new clients, to building brand new propositions and client solutions to help grow the business, and collaborating with international colleagues to explore and develop new global markets.
Protection Department
The Protection team at Munich Re provides comprehensive support to our life insurance clients in the UK, encompassing both retail insurance and group employee benefits. Our reinsurance solutions cater to traditional business lines, including life insurance, critical illness cover, and income protection. Furthermore, our team is dedicated to bridging the widely reported 'protection gap' by developing innovative insurance solutions and exploring alternative distribution channels.
Our Business Development (BD) team plays a crucial role in building and maintaining strong relationships with our clients, acting as the public face of the company in the UK life insurance market.
Key responsibilities of the BD team include:
- Collaborating closely with clients to drive the success of Munich Re's product, sales, and marketing strategies.
- Cultivating valuable client and external stakeholder relationships.
- Demonstrating thought leadership and a deep understanding of clients' businesses.
- Liaising with clients on reinsurance-specific matters, such as developing sustainable products, managing risks, and responding to client requests and needs.
I work in Munich Re UK Life Branch's Protection department, managing mortality, critical illness, and disability risks in the life insurance industry. As Client Operations Manager, I build strong relationships with clients and internal stakeholders, to understand their unique needs. I enjoy collaborating with diverse professionals across underwriting, claims, pricing, and finance to drive seamless operations and inform strategic decisions. My role provides opportunities for continuous learning and allows me to be involved in varied parts of the protection insurance value chain.
Structured Reinsurance Department
The Structured Reinsurance team specialises in designing bespoke solutions to ensure our arrangements flexibly meet our clients’ liquidity and capital needs. By providing tailored capital and liquidity solutions, we empower our clients to achieve their strategic objectives. The team comprises individuals with diverse experience ranging from consulting, investment banking and advisory backgrounds.
Some of the responsibilities a member of our team may have include:
- Liaising with our clients to provide robust solutions that meet their very specific capital or liquidity requirements.
- Working alongside our internal pricing, legal and risk management teams to ensure successful onboarding of new treaties and ongoing administration.
- Research reinsurance opportunities keeping in line with the ever-evolving financial reporting framework and regulatory environment.
- Monitor the performance of our inforce portfolio and take appropriate action where necessary.
- Participate in industry events to stay informed on the latest trends and developments within the (re)insurance sector and occasionally share our expertise at such events.
Being a part of the Structured Reinsurance team has given me the opportunity to experience all aspects of a reinsurance transaction. Right from working with the client to understand their needs, developing a viable solution, seeking the required approvals, and finally monitoring the performance of the transaction. It makes the entire process even more rewarding to see the client meet their strategic targets because of a solution you helped put together.
Pricing team
Our Pricing department plays a critical role in supporting the business, with team members typically involved in the pricing of new deals, assisting in the negotiation of commercial terms both internally and with clients, and ongoing monitoring of the business we write.
We have dedicated pricing teams for each of our business lines – Protection, Longevity, and Structured Reinsurance – who work closely with our commercial teams to secure pricing tenders and deliver solutions and value to our clients.
The Pricing department also comprises several specialist teams, including:
- A Basis Development team, which ensures our pricing terms of trade remain relevant and up-to-date for the risks we price and accept.
- A Predictive Analytics team, which supports clients with business insights and predictive modelling to drive commercial value.
- An Infrastructure team dedicated to developing and maintaining systems and tools to ensure they are robust and efficient.
My role is to lead our pricing of the longevity risk on pension schemes. The ability for people to be able to solve problems, work together, and contribute on making the way we do things better, gives not only personal satisfaction but also a sense of striving together for the same purpose.
Our candidate selection is based on unbiased assessment of three success criteria
Our Leadership Values at Munich Re
You will work in an environment where we think big
You are going to experience that we care & dare
We communicate in a clear & authentic way
You will grow with your clients
Join us and experience that we lead the We
What I enjoy most about working for Munich Re UK Life Branch is being trusted by leadership to drive and be responsible for delivering outcomes, working collaboratively with fantastic colleagues and finding innovative solutions for our clients.
