Actuary Corporate Underwriting (m/f/d)*

Münchener Rückversicherungs-Gesellschaft
Insa Pfeiffer
• HR Consultant
Königinstraße 107
• 80802 München
• GERMANY

Actuary Corporate Underwriting
(m/f/d)*

Location
Munich

The Pricing, Systems & Analytics department in Corporate Underwriting equips MunichRE’s Underwriting with methods
and tools to efficiently understand, price, and manage Non-life risks. In particular, our tools support operational
underwriting units in sustainably structuring and steering MR’s non-life business. The Portfolio Analytics and Steering
team is part of this department and focuses on the analytical, reporting and steering aspects of this objective, which is
pursued in close cooperation with operational underwriting and central divisions. We create solutions that meet both
internal and external reporting and data analysis requirements. We are responsible for various loss models as part of
the MR capital model and calibrate risk capital cost parameters for reinsurance underwriting. Finally, we are working on
the design of a future exposure and loss data management and analysis system (ANDEX). Both traditional actuarial
methods and modern algorithm-based approaches are used.

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About us
As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re
introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we
enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be
climate change, major construction projects, medical risk assessment or even space travel.
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our
clients and cultivate innovation.
Sounds like you? Push boundaries with us and be part of Munich Re.
Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some
examples below.

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* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunity employer. Severely
disabled candidates will also be prioritised, if equally qualified.

Develop and maintain analytics tools and dashboards in an agile manner together with underwriting.
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Support and train underwriters in the use of these tools.
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Help to improve existing reporting and analytics capabilities for underwriting purposes, in collaboration with other
analytics experts from data analytics centers of competence across MunichRE.

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Perform evaluations and support operational units on portfolio analysis questions, such as premium and profitability
trends for specific markets.

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Provide data products, mainly based on our central underwriting data repository to a broad user community using
state-of-the-art technology.

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Support Munich Re’s capital model by risk modelling the large loss segment and support the allocation of risk
capital costs and administrative expenses.

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Support the update and improvement of the processing tools currently used for the risk capital calibration
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Prepare and analyze data from our central underwriting data repository, e.g. for data quality monitoring purposes
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Degree in mathematics, data science, natural sciences or equivalent qualification
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Experience of working with and analyzing large volumes of data, using modern analytical tools
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Preferably experience in pricing/loss modelling or reinsurance underwriting
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Database and preferably programming skills (e.g. R, Python, SQL)
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Experience of working with PowerBI
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Willingness to learn quickly and develop technical and business expertise
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Creative and goal-oriented approach to work
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Ability to work independently with high reliability and quality standards
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Ability to explain complex issues to non-expert audiences
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Team player with excellent communication skills
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Highly level of self-motivation, didactic and intercultural skills
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Very good verbal and written English skill
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Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters
innovation and resilience and enables us to act braver and better.

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Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills
and accelerating growth.

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Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of
career growth opportunities for you.

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Competitive salary: appropriate compensation for your high level of commitment.
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Retirement provision: state of the art in-house pension solutions.
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Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
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Health management: focus on your physical and mental health far beyond legal requirements.
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Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to
work from abroad on an occasional basis.

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https://careerstore.munichre.com/job/M%C3%BCnchen-Data-Analyst-Corporate-Underwriting-%28mfd%29-BY/950048755/