Company
Munich Re Risk Solutions Ireland
Location
Dublin city, Ireland
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.
We are currently looking for a Senior Property Underwriter (D&F) to be based in Dublin on a full-time basis, reporting into the Executive Director.
You will ensure the prudent underwriting of quality business in line with business plan to facilitate maximum return of profit while maintaining the company's reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the company.
Responsibilities: Underwrite new and renewal Property business, exercising judgement in all underwriting matters, and remaining aware of own underwriting limits as set out in the Underwriting Authority sheet. All in accordance with Underwriting business plan; referring to the Underwriting Director when appropriate.Ensure the effective management of property business, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits.Conduct and develop effective relationships with insureds and brokers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan.Conduct and develop effective relationships with colleagues in the underwriting team, property and other teams, including claims, actuarial, underwriting management, exposure management, compliance and finance.Conduct and develop effective relationships within the Ireland market, with peers and brokers, to keep abreast of market developments that may affect the Munich Re trading effectiveness.Review rates, proposal forms, policy wordings and other supporting documentation, exercising own judgement to ensure they are appropriate for the business being written.Attend, contribute to or chair regular and ad-hoc Property team meetings, meetings with colleagues within MRRSI/GSI/MRSL, and meetings with reinsurers, brokers, insurers, suppliers and other entities where appropriate.Knowledge and Skills: Advanced knowledge and understanding of:Underwriting Principles;Legal Principles;CBI and Lloyd's rules and regulations including conduct risk and contract certainty issues;Ireland insurance market;All company specific procedures that relate to own role and role of those employees that you are supervising;Ireland commercial property business, including liability associated with commercial combined/package business;Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm;Develop and maintain market awareness.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!
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