Motor Underwriter

Next Insurance, Inc.; Mumbai; On-site; INR 2,500,000 - 4,500,000; Full time

Job summary

Munich Re, Mumbai office, is seeking a seasoned pricing professional to focus on casualty treaties with a strong emphasis on Motor. The role involves treaty pricing, post-renewal maintenance, and preparing strategic presentations for internal and external stakeholders.

Ideal candidates have a graduate degree in Mathematics/Statistics/Economics, progress toward actuarial qualification (6+ exams), and 5+ years’ pricing experience in the Indian market, with excellent communication and analytical

Qualifications

• Graduate degree in Mathematics, Statistics or Economics with strong numerical aptitude.
• Progressing towards actuarial qualification with at least 6 examinations completed.
• 5+ years of pricing experience for retail products in the Indian market.
• Excellent communication and analytical skills.
• Basic understanding of reinsurance contracts.

Responsibilities

• Involved in treaty pricing using the pricing platform.
• Post-renewal treaty maintenance in coordination with the finance team.
• Preparing presentations for various internal and external stakeholders.
• Analysing client information decks and quarterly performance data to update market summaries and statistics.
• Regular client and broker interaction.
• Conducting exposure analyses and reviewing underlying coverages.
• Supporting management of reinsurance wordings, underwriting guidelines and internal processes.
• Ad hoc activities, including liaising periodically with claims teams, facultative underwriters and client managers.

Skills

Numerical aptitude

Communication skills

Analytical skills

Education

Graduate degree in Mathematics/Statistics/Economics

Tools

Power BI

SAS

Macro programming

Job description

Job Purpose :

The successful candidate will be involved in the pricing and maintenance of casualty treaties with a focus on Motor.

Your Role :

• Involved in treaty pricing using the pricing platform.
• Post-renewal treaty maintenance in coordination with the finance team.
• Preparing presentations for various internal and external stakeholders.
• Analysing client information decks and quarterly performance data to update market summaries and statistics.
• Regular client and broker interaction.
• Conducting exposure analyses and reviewing underlying coverages.
• Supporting management of reinsurance wordings, underwriting guidelines and internal processes.
• Ad hoc activities, including liaising periodically with claims teams, facultative underwriters and client managers.

Your Profile :

Essential

• Graduate degree in Mathematics, Statistics or Economics with strong numerical aptitude.
• Progressing towards actuarial qualification with at least 6 examinations completed.
• 5+ years of pricing experience for retail products in the Indian market.
• Excellent communication and analytical skills.
• Basic understanding of reinsurance contracts.

Good to Have

• Power BI
• SAS
• Macro programming

Competencies

• Understanding of the insurance market and retail products, particularly Motor.
• Analysis of run-off triangles and portfolios using historical information.
• Develop and maintain dashboards for Casualty CoB using various data sources.

About Munich Re

Founded in 1880, Munich Re Group is one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions.
As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber attacks, from high-net-worth individual life cover to pandemics, we take care of risks so our clients can take care of their business.

Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1,900 team members across 20 locations. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.

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 center of this interaction is each of us.