Job Description

Underwriter Agriculture

Location
Mumbai , India
Munich Re India Branch is responsible to develop and manage the Agriculture reinsurance business in the Asian region in line with overall Munich Re\xe2\x80\x99s global business strategy. The UW will be responsible for the development of a sustainable and profitable agricultural reinsurance portfolio primarily in India and other Asian countries. The position is also responsible for maintaining and developing client and stakeholder relationships, ensuring consistent support in the overall objective of high underwriting quality, and maintenance/development of technical expertise and specialized 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, government representatives, and other external agencies and alignment with the internal cross-functional teams of Underwriters, wording experts, reserving team, and Finance is a key element of the role. Your job

• Continuous analysis of agricultural primary and reinsurance markets in India and other Asian markets
• Develop and maintain good working relationships with clients, brokers, and other agricultural insurance-related stakeholders (e.g. service providers, claims agencies, CCE agencies, Technology providers on claims assessment, etc.)
• Develop Individual client strategies in consultation with the Head of Agriculture and the 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 the position\xe2\x80\x99s 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 onboarding phase of the partner\xe2\x80\x99s 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 Education & Experience

• Graduate degree in engineering, mathematics/ statistics, finance, and business. Preferred experience in agriculture underwriting. Professional qualifications are an advantage
• 6 to 12 years of relevant experience in actuarial, underwriting, and business enablement for an insurer, reinsurer, 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. Reinsurance business understanding 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 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.


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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 centre of this interaction is each of us.