Motor Underwriter

2 days ago


Mumbai Maharashtra, India Munich Re Full time

**Location**

Mumbai, India
**Job type**

Full-Time
**Work mode**

On-site
**Job level**

Professional
**Job ID**

10543
**Company**

Munich Re
**Employment type**

Regular
**Area of expertise**

Claims & Underwriting

Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1900 team members in 20 locations. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.

** Your Role**:
You will be involved in the pricing and maintenance of casualty treaties with focus on Motor insurance, with a focus on the following key responsibilities:

- Treaty pricing
- Post renewal treaty maintenance, working in coordination with the finance team
- Preparing presentations for various internal and external stakeholders
- Analysing client information, with a view to updating market summary/statistics
- Regular Client and broker interaction
- Conducting exposure analysis and underlying coverages
- Involved in updating and maintaining reinsurance wording and guidelines, as well as internal processes
- Ad hoc activities, including liaising with claims, facultative underwriters, and client managers, as required

** Your Profile**:
Education & Experience:

- Degree in Mathematics, Statistics or Economics with a strong numerical aptitude
- Qualified / part-qualified Actuary, with at least 6 examinations passed
- 5+ years of pricing experience with retail products in the Indian market
- Excellent communication and analytical skills
- Basic understanding of reinsurance contracts
- Experience of Power BI, SAS, Macros, would be advantageous

Competencies:

- Analysis of run-off triangles and analysing portfolios from historical information
- Run dashboards for Casualty CoB from various data sources

_ 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._

Your Benefits

**With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.**- Competitive Salary- We provide fair and competitive compensation that reflects your performance and commitment.- Company performance-based Incentives- In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.- Recognition and Special Rewards- We recognise outstanding individual contributions through a variety of targeted rewards and incentives.- Retirement Planning- We support your long-term financial wellbeing with retirement solutions aligned with local regulations.- Inclusive Workplace Culture- We foster a respectful, inclusive, and values-driven environment.- Learning & Development- We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.- Work-Life-Balance- Supporting your ability to balance family, leisure, and your career.- Health & Wellbeing- We support your physical and mental health through a range of programs and activities in each location.


  • Underwriter-motor

    7 days ago


    Kothrud, Pune, Maharashtra, India ACCURATE RISK MANAGERS AND INSURANCE BROKERS PVT LTD Full time

    **Job Title**:Underwriter - Motor The Underwriter is responsible for evaluating and analyzing the risks involved in Motor insurance proposals - Private, commercial vehicle; Goods & Public carring vehicles, Misc. Vehicle etc. They ensure sound underwriting practices while working closely with insurers and clients to secure optimal coverage and terms. **Key...

  • Underwriter - Motor

    2 weeks ago


    Mumbai, India Munich Re Full time

    **Underwriter - Motor**: **Location** Mumbai, India Incumbent would be required to be involved in pricing and maintenance of casualty treaties with focus on Motor Your job - Involved in Treaty pricing in the pricing platform - Post renewal treaty maintenance in coordination with the finance team - Preparing PPT for various internal and external...

  • Motor Underwriter

    5 days ago


    Mumbai, Maharashtra, India Munich Re Full time ₹ 8,00,000 - ₹ 12,00,000 per year

    CompanyMunich ReLocationMumbai , IndiaYour Role:Incumbent would be required to be involved in pricing and maintenance of casualty treaties with focus on Motor.Key Responsibilities Involved in Treaty pricing in the pricing platformPost renewal treaty maintenance in coordination with the finance teamPreparing PPT for various internal and external...


  • Vikroli, Mumbai, Maharashtra, India Generali Central Insurance Full time ₹ 10,00,000 - ₹ 20,00,000 per year

    Underwriting Support – Assist in evaluating proposals for surety and credit products, including financial analysis, risk assessment, and documentation.Process Execution – Ensure timely and accurate issuance of underwriting documents and bonds.Compliance – Maintain adherence to IRDAI guidelines, internal underwriting policies, and other applicable...


  • Navi Mumbai, Maharashtra, India HIRD Services Pvt ltd Full time

    Ideally 2 years’ experience in an Underwriting position - Experience in Motor Finance - Consumer line - Proven background in decision making to a level of £30k - Excellent verbal and written communication skills - Ability to deal with multiple priorities and tasks to meet changing deadlines - Strong analytical, problem solving, attention to detail and...


  • Mumbai, India a2techfirm Full time

    * We Require Operation Executive for Motor Insurance for Andheri Location (MOTOR INSURANCE EXPERIENCE ONLY APPLY)* **Salary Package: 25000 per Month** **Work Timing: 9:30 am to 6:30 pm** * Roles & Responsibilities: - Quality check to minimise risk of the all cases assigned to executive - Underwrite the cases for insurance policy issuance - Maintain the...


  • Mumbai, Maharashtra, India Fintech Blue Solutions Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Role & responsibilitiesTeam Management: Lead and mentor a team of claim processors, surveyors, and support staff to ensure seamless claims settlement.Claims Processing: Oversee the end-to-end claim life cycle from registration, assessment, and documentation to final settlement.Vendor Coordination: Manage relationships with surveyors, garages, and loss...


  • Ghatkopar, Mumbai, Maharashtra, India Tresbien HR Consultancy Full time

    **Job Summary** Hi Opportunity for Sr Position Placement and Retention - Insurance Non EB with a client a leading Insurance Broker at Ghatkopar Keyword - Commercial Line /Non EB / Non Employee Benefit policies /Miscellaneous insurance Location - Ghatkopar - Analyze and assess each risk with good judgment - Ensure all documentation received is in...


  • Mumbai, Maharashtra, India Peoplelogic Full time ₹ 1,20,000 - ₹ 1,80,000 per year

    JOB DESCRIPTIONPosition/Designation : Chief ManagerDepartment/Function : Risk, Underwriting & ClaimsLocation : MumbaiReporting To : Head of RiskJob Summary:To Monitor the Risk performance of the portfolio (categories,programs), predict fraud detection & derive strategies toconstantly reduce Loss RatioList the Duties andResponsibilitiesClaim ratio...


  • Mumbai, India TATA AIG General Insurance Company Limited Full time

    Job Description Tata AIG General Insurance Company Limited is a joint venture between Tata Group and American International Group (AIG). Since its set-up in 2001, the Company has grown strongly to emerge as the preferred private general insurance company in India with several pioneering firsts to its credit. Driven by a mission to create better tomorrows for...