Senior Property Underwriter, Germany

Senior Property Underwriter, Germany at Munich Re Specialty - Global Markets, UK

About Us

At Munich Re Specialty – Global Markets (MRS‑GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. We encourage a culture where people are present, bold and curious, allowing them to achieve their individual goals. Please see our website for more information.

Opening

Munich Re Specialty was formed as a stand‑alone division in 2023. We are expanding our property business in Germany and are looking for a Senior Property Underwriter to join our team.

Responsibilities

• Lead the underwriting process for property insurance, assessing risks and determining appropriate coverage and pricing.
• Review, analyse, and evaluate property risks, including commercial and industrial properties.
• Develop and maintain strong relationships with brokers, clients, and internal teams to ensure seamless delivery of underwriting services.
• Provide expert advice on complex underwriting matters and assist junior underwriters in professional development.
• Monitor and evaluate policy performance, identifying opportunities for risk mitigation and recommending necessary changes.
• Ensure compliance with all regulatory requirements and company guidelines related to property underwriting.
• Stay informed of industry trends, market conditions, and emerging risks to align underwriting strategies with market demands.
• Participate in the development of underwriting policies, guidelines, and pricing models.
• Contribute to business growth by identifying opportunities to expand property business in alignment with company objectives.
• Maintain effective relationships with insureds and brokers to strengthen existing trading relationships and secure new business.
• Direct and manage overall technical underwriting for Property activities for MRSGM in Germany while ensuring a high level of technical proficiency.

Knowledge and Skills

• Deep understanding of property insurance products, risk assessment, pricing and underwriting guidelines.
• Proven experience underwriting complex commercial and industrial property risks.
• Strong organisational and time‑management skills, able to handle multiple priorities in a fast‑paced environment.
• In‑depth knowledge of exposure and experience rating processes.
• Excellent interpersonal skills for building relationships with internal and external stakeholders.
• Integrity, credibility, and a strong commitment to the company’s mission.
• Exceptional negotiation skills to secure favourable terms.
• Strong analytical skills and attention to detail for sound underwriting decisions.
• Excellent written, verbal and presentation communication skills, with the ability to interact with all levels of the organisation.
• Proven track record in general business management, including strategic planning, forecasting and long‑term growth.
• Fluency in German and English.
• Extensive experience in primary insurance underwriting; people‑management experience a plus.
• University degree and/or relevant professional qualification.

Diversity, Equity & Inclusion

At Munich Re, DEI fosters innovation and resilience. We build a workforce inclusive of diverse identities and backgrounds. All candidates can request a reasonable adjustment at any point in the recruitment process.

Benefits & Sustainability

Our ESG strategy supports local community initiatives and offers volunteering opportunities. Learn more about sustainability at Munich Re – Choose Your Impact .

#BePresent #BeBold #BeCurious

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