Job Description

Company

Munich Re Specialty - Global Markets

Location

London , United Kingdom


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.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Please see our website for more information.

Underwriting Oversight Analyst

To support and develop the monitoring structure, oversight and operating mechanisms required to aid in meeting expectations under both Munich Group guidelines and the Lloyd's Principles Based Oversight framework

Responsibilities:

Assist with benchmarking of policies and portfolios for performance monitoring and supporting overall Portfolio Management Conduct regular performance monitoring of peer reviews and 4-eyes reviews, including follow up with Underwriters to ensure findings are appropriately actioned Conduct regular sample reviews of LIC risks to support adherence with the LIC operating model, including follow up with Underwriters to communicate findings and detail any appropriate actions Provide support to underwriters with understanding, navigating and keeping up to date with latest Munich group and local underwriting policies and guidelines Support with production of regular Underwriting Oversight reports for MRSL committees Support production of UW reports as required by regulators Attend regular team and Underwriter meetings to ensure knowledge and understanding of all relevant topics remains up to date Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.


Knowledge and Skills

Underwriting and / or Insurance business analyst experience Knowledge and understanding of FCA / PRA regulations Knowledge of the Lloyd's Principles for doing business and oversight framework Knowledge and understanding of the underlying principles of insurance and reinsurance Current Lloyd's market knowledge Analytical mindset Strong communication skills University degree considered advantageous


Willingness to continue to develop knowledge of any pricing related matters.
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!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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.

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.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re - choose your impact!

#BePresent

#BeBold

#BeCurious