Engineering Underwriter - Process Industries and new Technologies (m/f/d)*

Munich Re Group; München; Hybrid; EUR 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid working

Competitive salary

Pension provision

Work-life balance

Health management

Diversity & Inclusion

Career mobility

Job summary

Munich Re Group is seeking a technical and commercial underwriter for complex international construction and industrial projects. The role combines engineering insight with commercial decision-making and requires collaboration with brokers, insureds, and project stakeholders across cultures.

You will analyse technical and contractual information, explore risk drivers, and develop tailored insurance solutions to balance client needs with profitability. Travel internationally is expected.

Qualifications

• University degree in engineering, natural sciences or other relevant technical disciplines, or a recognised insurance qualification.
• Professional experience in process-driven industries, equipment manufacturing or construction project insurance.
• Ability to understand complex industrial processes, project structures and derive clear conclusions from complex information.
• Willingness to travel internationally and work across cultures.

Responsibilities

• Assess and underwrite complex international construction and industrial projects in line with Munich Re’s strategy and authority.
• Analyse technical, contractual and commercial information, identify key risk drivers and uncertainties, and document the decision process.
• Develop tailored insurance solutions balancing client needs, risk quality and profitability.
• Identify opportunities and contribute to growth, portfolio quality and diversification.
• Build relationships with brokers and clients and represent Munich Re at meetings and events.
• Participate in site surveys and translate findings into reports.
• Collaborate with colleagues and experts to support underwriting methods and knowledge sharing.

Skills

Communication

Negotiation

Stakeholder management

Independent work

International mindset

Education

Engineering degree

Natural sciences degree

Insurance qualification

Job description

Global investment in industrial plants and infrastructure is being driven by evolving technologies, resilient supply chains, the energy transition and growing demand for critical resources. Munich Re F&C provides tailored insurance solutions for complex international construction projects, including oil, gas, chemicals and petrochemicals, mining and mineral processing, battery and semiconductor manufacturing, and emerging energy technologies such as green hydrogen, carbon capture and eSAF. As part of our Construction team, you will combine engineering expertise with commercial decision-making. We welcome applicants from insurance, industry, project development, EPC contracting and risk engineering. Prior underwriting experience is not essential if you bring relevant technical or contract expertise, sound judgement and a willingness to learn the insurance business.

Your Job

• Assess and underwrite complex international construction and industrial projects in line with Munich Re’s strategy, risk appetite and delegated authority.
• Analyse technical, contractual and commercial information, identify key risk drivers and uncertainties, and document the decision process.
• Develop tailored insurance solutions that balance client needs, risk quality and sustainable profitability.
• Identify attractive business opportunities and contribute to profitable growth, portfolio quality, and diversification.
• Build trusted relationships with brokers, insureds and project stakeholders, and represent Munich Re at client meetings, project presentations and market events.
• Participate in or lead site surveys and translate findings into reports.
• Collaborate with colleagues and specialist experts, support the global Munich Re organisation and contribute to underwriting methods, tools and knowledge sharing.

Your Profile

• A university degree in engineering, natural sciences or other relevant technical disciplines, or a recognised insurance qualification with a strong interest in technical risks.
• Professional experience in process-driven industries, equipment manufacturing or another relevant technical environment, or experience in construction project insurance.
• The ability to understand complex industrial processes, project structures, and to derive clear conclusions from complex or incomplete information.
• The ability to familiarize yourself quickly with new topics, work independently, take ownership and make well-reasoned decisions.
• Strong communication, negotiation and stakeholder-management skills, combined with a constructive and solution-oriented approach.
• The ability to analyse technical and contractual documents and the motivation to develop expertise in insurance contracts and policy wordings.
• Curiosity about industrial sectors and emerging technologies, combined with an international and collaborative mindset and the ability to work effectively across cultures and functions.
• Fluent written and spoken English is required for working in an international business environment. German, Spanish or other relevant language skills are an advantage.
• Willingness to travel internationally.

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.

About Us

As the world's leading reinsurance company with more than 16,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel. Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.
• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.
• Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

Münchener Rückversicherungs-Gesellschaft

Leonie Johnson
Talent Acquisition Partner