Location Mumbai, India Job type Full time Work mode On-site Job level Professional Job ID 13482 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting

Your job:

This position will join the India underwriting team as a Property Treaty underwriter in Mumbai, and will be responsible for various property underwriting tasks which vary across risk assessment of Property treaty business by natural catastrophe / fire risk, pricing, contractual wording, product/solution development and client engagement.

Underwriting:

Assess Property Treaty accounts and structures using natural catastrophe models and statistical tools. Price programmes and discuss terms and conditions with the client management team. Ensure underwriting excellence across technical pricing and contract wording. Collaborate with internal experts and external stakeholders. Contribute to cross-functional projects, pricing model development, and market research.

Product development:

Proactively explore new business ideas and contribute to product development both in reinsurance and primary insurance; non-traditional product (weather/catastrophe triggers, private-public partnership etc.); consultation for clients to identify pain-points/growth opportunity

Client facing and marketing:

support client management team from technical aspects in dialogue and negotiation with clients/brokers

Your profile:

- University degree in natural/computer science, mathematics/statistics, engineering, economics, finance or equivalent relevant experience/qualifications in insurance
- Experience: Minimum 3 to 7 years of professional experience in treaty (re)insurance is preferred
- Expertise:



high degree of analytical and problem solving capabilities with structured and logical thinking; advanced experience in programming would be a plus
- Market knowledge: experience in India re/insurance, strong interest in catastrophe insurance and aspiration of career development in treaty underwriting field
- Soft skills: team oriented attitude; demonstrates accountability, integrity, and professionalism, ability to manage competing priorities and meet deadlines effectively, curiosity; self-motivated in skill developments as well as in identifying problems/opportunities; strengths in relationship management; proactive and innovative mindset

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

📌 Property Treaty Underwriter (India)
🏢 Munich Re
📍 India