Location Mumbai , India Munich Re India Branch is responsible to develop and manage reinsurance business in SAARC region in line with over all Munich Re’s global business strategy. The UW will be responsible for development of a sustainable and profitable agricultural reinsurance portfolio primarily in India and going forward in adjacent countries. The position is also responsible for maintaining and developing client and stakeholder relationship, ensuring consistent support in overall objective of high underwriting quality and maintenance/development of technical expertise and special market knowledge. The role will also coordinate all aspects of client engagement, including the new client identification and selection strategy. The ability to quickly understand a new business proposition and to position it within the Munich Re business model is key. They will work in a collaborative team environment. Engagement with the clients, brokers and other external agencies and alignment with the internal cross functional teams of Underwriters, Analytics and Finance is a key element of the role. Your job
Continuous analysis of agricultural primary and reinsurance markets in India and adjacent countries
Develop and maintain good working relationships with clients, brokers and other agricultural insurance related stake holders (e.g. service providers, claims agencies, CCE agencies, Technology providers on claims assessment etc.)
Develop Individual client strategies in consultation with Head of Agriculture and India Branch CEO
Supporting information and assistance for technical risk reviews and acceptances, complex (incl. non-traditional) RI products
Preparation and conducting negotiations with cedants and brokers in coordination with Head Agriculture and Branch CEO
Active participation in client events (congresses, market events)
Supporting concept and strategy development within position’s area of responsibility
Develop & implement the strategy for Client engagement, develop alignment of interest, and ensure we have a coherent, long-term relationship with our clients and channels.
Work closely with key stakeholders internally and externally to identify trends and new opportunities.
Play an active role in the acquisition, retention and servicing of clients.
Assume full responsibility over the client relationship throughout the on-boarding phase of the partner’s business and remain the primary point of contact concerning further business development activities with the partner.
Overall accountability for results in the area of responsibility
Train JUW and colleagues new to the team in your area of expertise
Your profile
Graduate degree in commerce, finance, business. Preferred in agriculture or related areas. Professional qualifications are an advantage
4 to 7 years of relevant experience in actuarial, underwriting and business enablement for an insurer or reputable broker.
Experience in Data analytics and relevant tools (R, Python) will be an added advantage
Relevant knowledge of the non-life Insurance business. Understanding of the reinsurance business will be an added advantage.
Proven ability to communicate actively, effectively and succinctly with strong facilitation, presentation and negotiation skills.
Able to engage with and impress C-Level and engage across the levels within the client as well as Munich Re
Able to work in a dynamic environment and deliver under very tight time pressure
Willing to travel
About us Find out Who we are, What we do, Our Strategy and How we can support & Reward you Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.
Apply now! Apply for this Job! At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This integration 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 centre of this interaction is each of us.
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