Underwriter, Property Facultative & Corporate

Munich Re; Singapore; Hybrid; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an experienced Property Underwriter to join their dynamic team in Singapore. This role involves underwriting facultative and corporate property business while assessing risks and developing innovative insurance solutions. You will engage closely with clients and brokers to identify new business opportunities and provide value-added services. With a focus on collaboration and creativity, this position offers a chance to make a significant impact in a rapidly evolving market. Join a forward-thinking company that values your expertise and provides a supportive environment for professional growth.

Benefits

Flexible working arrangements

Generous annual leave allowance

Comprehensive dental insurance

Health insurance coverage

Qualifications

• 3-5 years of underwriting experience in property insurance market.
• Strong analytical skills and ability to evaluate risks effectively.

Responsibilities

• Underwrite facultative and corporate property business in South East Asia.
• Develop innovative insurance solutions and conduct risk assessments.

Skills

Underwriting

Risk Evaluation

Business Development

Communication Skills

Analytical Skills

Education

Bachelor's degree in Finance or related field

Tools

Microsoft Office Suite

Risk Management Software

Job description

Underwriter, Property Facultative & Corporate

Munich Re is one of the world's leading reinsurance companies with more than 11,000 employees at over 50 locations around the globe. We are working on topics today that will concern the whole of society tomorrow, whether that be climate change, major construction projects, gene technology or space travel. We find solutions to these challenges through a network of highly qualified professionals who anticipate risks, work on tailor-made solutions and expertly advise our clients.

We are looking for an experienced Property Underwriter with focus on single-risk property business for our underwriting team in Singapore. (A loss control / engineering background would be a plus). Reporting to the Head of Facultative & Corporate South-East Asia, you will be responsible for business development, underwriting and administration of facultative and corporate business for our South East Asia business.

YOUR ROLE

• Underwriting facultative and corporate property business in South East Asia, including assessing the risks, evaluating and providing reinsurance terms and conditions in accordance with the applicable underwriting authority, underwriting guidelines, internal directives, targets and client strategies.
• Developing and growing a sustainable book of business and exploiting new business potentials by closely interacting with clients & brokers, understanding their strategy and business needs for developing joint opportunities.
• Developing innovative insurance solutions and products in addition to conventional covers in close co-operation with other business units.
• Supporting our client management and our treaty underwriters on technical questions and business development by taking a high degree of personal initiative and consistently exploiting all synergies available with Munich Re worldwide.
• Developing and executing risk-management concepts including joining risk inspections for target risks and supporting clients on risk assessment matters, if required
• Organizing and conducting seminars / workshops for clients and internal staff, providing clients with value-added services.
• Executing portfolio performance and market analysis.
• Maintaining and expanding technical and market know-how.

YOUR PROFILE

• Professional underwriting experience in the primary or reinsurance property insurance market for at least 3-5 years experience with Property (Re)insurance for the Large Corporate Single Risks, preferably for Asian markets.
• Technical knowledge of the relevant underwriting processes including risk evaluation, pricing high level of competence in reviewing contract wording exercises for the complex property business segment.
• Capabilities and passion to actively conduct and solicit business opportunities from clients & brokers.
• Desirable experience in Property underwriting and risk management / risk inspections.
• Strong IT and analytical skills.
• Conscientious business acumen, creativity, ability to work in a diverse & multi-cultural team
• Fluent business English (written and spoken) and desirably Asian language (spoken)
• Good communication, negotiation and presentation skills.
• Entrepreneurial mind-set and a passion to work in a newly set-up environment.

OUR BENEFITS

• Flexible and hybrid working arrangements
• Generous annual leave allowance
• Comprehensive dental, life and health insurance coverage