Engineering Underwriter

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft; Mumbai; On-site; INR 1,500,000 - 2,800,000; Full time

Job summary

Swiss Re invites an Engineering Underwriter to join our Indian operations in Mumbai, bridging analytical rigor with practical underwriting. You will partner with senior underwriters to shape engineering treaty and facultative business, delivering precise pre-underwriting notes and efficient post-underwriting activities.

The role requires 3–8 years in insurance or reinsurance underwriting, a civil/mechanical engineering background, and an MBA in insurance or equivalent as an advantage.

Qualifications

• Underwriting experience in insurance/reinsurance is preferred.
• Strong analytical and problem-solving abilities for engineering risk assessments.
• Effective communication with senior underwriters and clients in English.

Responsibilities

• Provide sharp pre-underwriting analysis and post-underwriting support for engineering treaty and facultative business.
• Drive economic profit growth by delivering high-quality analytical support and pricing input.
• Collaborate with cross-functional teams to deliver client-focused underwriting solutions in India.

Skills

Underwriting

Analytical thinking

Collaboration

English communication

Education

Civil/Mechanical Engineering degree

MBA in Insurance or equivalent

Tools

Pricing tools

Underwriting systems

Job description

Are you a detail-oriented insurance professional with a passion for engineering risk and a drive to make a real impact in one of the world's most dynamic markets? This is your opportunity to join a global reinsurance leader and play a pivotal role in shaping the future of engineering underwriting in India.

About the Role

As an Engineering Underwriter, you will be at the heart of our underwriting operations — bridging analytical excellence with client-focused solutions. You will partner closely with senior underwriters to drive economic profit growth, delivering sharp pre-underwriting analysis and seamless post-underwriting support across treaty and facultative engineering business. This role offers a unique blend of technical depth and market exposure.

Key Responsibilities

• Drive economic profit growth by providing high-quality analytical support to senior underwriters in India, enabling informed underwriting decisions on engineering treaty and facultative business
• Conduct thorough exposure assessments, input pricing data into systems, and prepare pre-underwriting notes for review by Engineering Underwriters
• Complete post-underwriting activities accurately and efficiently in the system upon finalization of business by the underwriter
• Analyse client requests from the Indian market and deliver well-reasoned recommendations on engineering treaty and facultative business
• Collaborate with cross-functional teams to support deal-team solutions and client needs
• Contribute to and exchange knowledge within the Engineering Underwriting community, sharing insights and best practices across the global network
• Stay informed on global Engineering market trends and developments, applying specialist know-how to add value to clients and client teams in India
• Bring a collaborative mindset and technical expertise to cross-functional initiatives

About the Team

Our Engineering Underwriting team in India is a dynamic and collaborative group dedicated to growing and managing a high-quality engineering reinsurance portfolio across treaty and facultative lines. The team works closely with global underwriting communities to deliver tailored, innovative solutions to clients across the Indian market. With a strong focus on knowledge sharing, technical excellence, and market development, the team plays a strategic role in Swiss Re's presence and growth in one of the world's most exciting insurance markets.

About You

You are a curious and analytically minded professional who thrives in a collaborative environment and is eager to deepen your expertise in engineering reinsurance. You bring a structured approach to problem-solving, communicate complex ideas with clarity, and are motivated by contributing to a high-performing team. You are entrepreneurial, proactive, and detail-oriented — someone who takes ownership and is passionate about building deep knowledge in a specialised and globally relevant field.

The successful candidate will demonstrate the following core professional attributes, which are considered essential to performing effectively in this role and integral to our team culture:

• Collaborative team orientation — ability to work cohesively within a team, actively contributing to shared goals and supporting colleagues across all levels
• Adaptability — the capacity to respond constructively to changing priorities, evolving business needs, and new challenges with composure and professionalism
• Open-mindedness — a genuine willingness to consider diverse perspectives, embrace new ideas, and engage with different approaches to problem-solving
• Interpersonal effectiveness — the ability to build positive, productive working relationships with colleagues, clients, and stakeholders in a professional and approachable manner

We are looking for candidates with the following requirements:

• 3–8 years of insurance industry experience or reinsurance sector, with underwriting experience preferred
• On-ground experience in the construction industry, providing practical understanding of engineering risks and project environments is preferred
• Engineering qualification — a Bachelor's or Master's degree in Civil, Mechanical Engineering from a recognised government or elite private institution
• A Master's in Business Administration from the National Insurance Academy or an equivalent (re)insurance-specialised institution is an added advantage

These are additional nice to haves:

• Familiarity with the Indian insurance or reinsurance market and its regulatory landscape
• Experience working with pricing tools or underwriting systems and inputting/managing technical data
• Exposure to claims advisory or coverage analysis in an engineering context
• Entrepreneurial mindset — a sense of urgency, cost-consciousness, and willingness to take calculated risks, with a commitment to sustainable performance and continuous improvement
• Strong organisational and project management skills, with the ability to manage peak-period workloads effectively
• Ability to work independently as well as collaboratively within a team environment, adapting seamlessly to a fast-paced and evolving landscape
• Creative thinking and problem-solving attitude, with a proactive approach to challenges
• Excellent written and verbal communication skills in English

Make an impact

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