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For Companies At a Glance
- Tasks: Analyse and optimise underwriting performance while collaborating with diverse teams.
- Company: Join Munich Re Specialty, a leader in Primary Specialty Insurance.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Make a real impact in the insurance industry with innovative strategies.
- Qualifications: Degree in a quantitative field; experience in managing underwriting portfolios.
- Other info: Embrace diversity and sustainability while advancing your career.
The predicted salary is between 72000 - 108000 ÂŁ per year.
Join to apply for the Underwriting Oversight Portfolio Manager role at Munich Re Specialty – Global Markets, UK. At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider for the London market, underpinned by an effective and adaptable strategy and superior products, supported by an environment that encourages people to be present, bold and curious.
Portfolio Oversight & Performance Management
- Analyse underwriting performance across classes and segments, identifying trends and key levers for maintaining or improving profitability.
- Monitor performance against plan, providing regular reporting and commentary on key outliers.
- Develop and maintain real‑time performance and analysis dashboards to support decision making at class and portfolio levels.
- Support regular performance reviews, ensuring ongoing alignment between underwriting strategy and portfolio outcomes.
Strategic Portfolio Optimisation
- Partner with underwriting teams to challenge and refine business mix, line size, and risk appetite to optimise capital utilisation and return on capital.
- Assess the impact of new business opportunities, product development, and market changes on portfolio composition and profitability.
- Provide insight into portfolio diversification, aggregation, and reinsurance strategy considerations.
Governance & Frameworks
- Contribute to the development and maintenance of portfolio management frameworks, ensuring consistency, transparency, and alignment with group and Lloyd’s requirements.
- Ensure all portfolio analyses and recommendations are underpinned by sound methodology and comply with internal governance standards.
- Communicate key dependencies, limitations and findings clearly to stakeholders.
Collaboration & Stakeholder Engagement
- Work closely with Senior Underwriters, Oversight, Actuarial, Risk, Exposure management, Claims, Finance, and Operations to deliver well‑rounded portfolio insights.
- Present findings and recommendations to senior management and relevant committees.
- Effectively manage the Performance Management analysts, supporting their development.
- Support the objectives and aspirations of the Underwriting Oversight team and Business Management function.
Knowledge and Skills
- Degree in a quantitative or business‑related field; progress towards ACII, FIA, or CFA qualification advantageous.
- Comprehensive understanding of London market practices and risk environment.
- Proven experience in reviewing, analysing and managing underwriting portfolios.
- Strong understanding of underwriting principles, insurance financials and KPIs.
- Comprehensive understanding of cycle management and the key levers for improvement.
- Understanding of business strategy, planning and key support functions across insurance.
- Effective people management skills.
- Strong experience in dealing with key stakeholders.
- Commercial acumen and ability to challenge constructively within a high‑performance underwriting environment.
- Ideally experience in multiple specialty lines of insurance.
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. We recognise diversity can be multi‑dimensional, intersectional and complex, and we are committed to building a workforce that reflects a wide range of backgrounds and identities. 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
At Munich Re Specialty – Global Markets, our approach to ESG is underpinned by our desire to seize business opportunities and nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics, 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!
Head of Commercial Claims, Europe employer: Munich Re Specialty - Global Markets, UK
Contact Detail:
Munich Re Specialty - Global Markets, UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Commercial Claims, Europe
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Munich Re. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff. Dive deep into underwriting principles and the London market. Show us you’re not just a candidate, but a future leader!
✨Tip Number 3
Be bold in your follow-ups! After an interview, drop a quick thank-you note. It shows enthusiasm and keeps you on their radar.
✨Tip Number 4
Don’t hesitate to apply through our website, even if you think you don’t tick every box. We value diverse experiences and might see something special in you!
We think you need these skills to ace Head of Commercial Claims, Europe
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Commercial Claims role. Highlight relevant experience in underwriting performance and portfolio management, and don’t forget to showcase your understanding of the London market practices.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re excited about this role at Munich Re and how your skills align with their goals. Be bold and show us your passion for the insurance industry!
Showcase Your Analytical Skills: Since the role involves analysing underwriting performance, make sure to highlight any experience you have with data analysis or performance management. We want to see how you can contribute to optimising capital utilisation and improving profitability.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves. Don’t miss out on this opportunity!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
✨Know Your Numbers
As a Head of Commercial Claims, you'll need to demonstrate your analytical skills. Brush up on key performance indicators (KPIs) relevant to underwriting and be ready to discuss how you've used data to drive decisions in the past.
✨Showcase Your Stakeholder Skills
Collaboration is key in this role. Prepare examples of how you've effectively engaged with senior stakeholders and cross-functional teams. Highlight your ability to communicate complex findings clearly and persuasively.
✨Understand the Market Landscape
Familiarise yourself with current trends in the London insurance market. Be prepared to discuss how these trends could impact portfolio management and profitability, showing that you're not just reactive but proactive in your approach.
✨Demonstrate Leadership Qualities
As you'll be managing Performance Management analysts, it's crucial to showcase your leadership style. Think of specific instances where you've mentored or developed team members, and be ready to discuss how you foster a high-performance culture.
