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
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!
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
EQuIP: an NDBI solution specifically for the pharmaceutical industry
Epidemic Risk Solutions - Saving Lives, Protecting the Economy
144
144 years of experience in risk management
Nr. 1
Market leader for cyber risk management
267%
Solvency II ratio as of December 31, 2023
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
Apply now!
