Senior Underwriting Consultant: Research & Development

at  Munich Re

KEY SKILLS & EXPERIENCE:

• Experience working within a reinsurance environment.
• Strong communication and presentation skills, with the ability to engage effectively with diverse stakeholders.
• In-depth knowledge of the UK Life and Living Benefits market.
• Experience contributing to product development or cross-functional projects.
• Ability to manage multiple priorities effectively.
• Strong organizational skills to meet deadlines and manage client expectations.
• Proven ability to produce high-quality written materials.

REGULATORY & CONDUCT REQUIREMENTS:

In addition to the responsibilities set out above, the Senior Underwriter – Research & Development role will also become responsible for:
-

Ensuring compliance with Insurance Distribution Directive

• Satisfying all regulatory reporting requirements in collaboration with the reporting function
• Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules

ABOUT US

You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning
You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders
We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn
You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions
We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged
At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

ABOUT THE ROLE:

Support the delivery of the UK Underwriting and Claims strategy through the marketing and provision of underwriting services to UK Life and Health clients.

KEY RESPONSIBILITIES:

• Develop and maintain the UK Underwriting philosophy, ensuring alignment with the needs of the UK market when prioritizing and coordinating updates.
• Collaborate with Business Development to provide underwriting expertise for compelling tender responses.
• Serve as the UK subject matter expert for conducting research for MIRA, Munich Re’s underwriting manual.
• Act as the technical link between UK Underwriting, Marketing, and Medical Research teams.
• Monitor medical advancements that could impact UK Protection products, underwriting, and claims philosophies.
• Provide informed, expert insights to the Underwriting & Claims Strategy Manager regarding UK innovation opportunities.
• Build a comprehensive understanding of target companies’ strategies, plans, and reinsurance requirements in collaboration with Business Development and Actuarial teams.
• Contribute ideas to enhance client relationships and strengthen the underwriting proposition.
• Conduct desktop and other research to track competitor and market developments.
• Support the underwriting operations team in assessing client referrals as needed.