Underwriter Agriculture - Mumbai, India - Munich Re

Munich Re

Verified Company

Mumbai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Underwriter Agriculture:

Location
Mumbai, India

Munich Re India Branch is responsible to develop and manage the Agriculture reinsurance business in the Asian region in line with overall Munich Re's global business strategy.

The UW will be responsible for the development of a sustainable and profitable agricultural reinsurance portfolio primarily in India and other Asian countries.

The position is also responsible for maintaining and developing client and stakeholder relationships, ensuring consistent support in the overall objective of high underwriting quality, and maintenance/development of technical expertise and specialized market knowledge.

The role will also coordinate all aspects of client engagement, including the new client identification and selection strategy.

The ability to quickly understand a new business proposition and to position it within the Munich Re business model is key.

They will work in a collaborative team environment.

Engagement with the clients, brokers, government representatives, and other external agencies and alignment with the internal cross-functional teams of Underwriters, wording experts, reserving team, and Finance is a key element of the role.

Your job

Continuous analysis of agricultural primary and reinsurance markets in India and other Asian markets
Develop and maintain good working relationships with clients, brokers, and other agricultural insurancerelated stakeholders (e.g. service providers, claims agencies, CCE agencies, Technology providers on claims assessment, etc.)
Develop Individual client strategies in consultation with the Head of Agriculture and the India Branch CEO
Supporting information and assistance for technical risk reviews and acceptances, complex (incl. nontraditional) RI products
Preparation and conducting negotiations with cedants and brokers in coordination with Head Agriculture and Branch CEO
Active participation in client events (congresses, market events)
Supporting concept and strategy development within the position's area of responsibility
Develop & implement the strategy for Client engagement, develop alignment of interest, and ensure we have a coherent, longterm relationship with our clients and channels.
Work closely with key stakeholders internally and externally to identify trends and new opportunities.
Play an active role in the acquisition, retention, and servicing of clients.
Assume full responsibility over the client relationship throughout the onboarding phase of the partner's business and remain the primary point of contact concerning further business development activities with the partner.
Overall accountability for results in the area of responsibility
Train JUW and colleagues new to the team in your area of expertise

Profile:

Education & Experience

Graduate degree in engineering, mathematics/ statistics, finance, and business. Preferred experience in agriculture underwriting. Professional qualifications are an advantage
6 to 12 years of relevant experience in actuarial, underwriting, and business enablement for an insurer, reinsurer, or reputable broker.
Experience in Data analytics and relevant tools (R, Python) will be an added advantage
Relevant knowledge of the nonlife Insurance business. Reinsurance business understanding will be an added advantage.
Proven ability to communicate actively, effectively, and succinctly with strong facilitation, presentation, and negotiation skills.
Able to engage with and impress C-Level and engage across the levels within the client as well as Munich Re
Able to work in a dynamic environment and deliver under very tight time pressure
Willing to travel

About us

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.-At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought.

This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.