Senior Transformation Underwriter

Together, we engage with everything we have and are, to help humankind act braver and better.

With the office in Munich, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition.

So we need a smart strategy and structure in order to succeed.

At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it’s important to look at the big picture. In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world’s largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable.

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

• 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.

Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.

Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.

Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.

Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.

Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.

Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.

Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.

• 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.
• A…