At a Glance
- Tasks: Support local underwriting teams and drive profitable growth in the Casualty line of business.
- Company: Join Swiss Re, a global leader in reinsurance and insurance solutions.
- Benefits: Competitive salary, performance bonuses, and a flexible hybrid work environment.
- Other info: Inclusive culture that values fresh perspectives and professional development.
- Why this job: Make a real impact on global insurance strategies while collaborating with diverse teams.
- Qualifications: 15+ years of underwriting experience in Casualty, especially in APAC markets.
The predicted salary is between 112000 - 168000 € per year.
This product underwriting role is situated within CorSo's Global Casualty Underwriting area which is accountable for the profitability of the Casualty line of business. You will be working closely with our local underwriters in multiple Market Units across APAC, across various specialisms of Casualty (e.g. Employers, Public & Products Liability, Product Recall/Crisis Management) and have a regional remit. You are responsible to support local underwriting teams and ensure business is written in accordance with Corso's strategy, appetite and underwriting framework. Your work will provide business critical input to the Global Head Casualty.
We are looking for someone with extensive expertise across the various Market Units and Sub-Market Units in APAC which spread across Australia, Japan, China and Southeast Asia. The role may be split into two, one for Australia and one for the Market Unit Asia (comprising of Japan, China and Southeast Asia) and we are welcoming applications for all three roles.
This is a very versatile role and consists of the following main areas:
- Support: Support LoB Head with portfolio strategy, underwriting and steering insights across the LoB globally. Frame underwriting insights and detect trends which lead to specific underwriting, costing and portfolio steering actions (i.e. revising underwriting guidelines, tuning risk appetite and collaborating with Casualty LoB Head and Casualty Underwriting Center), in order to improve and/or protect profitability. Support LoB Head with cycle management and planning actions. Your activities provide critical inputs and will inform portfolio steering decisions. Identify and drive opportunities for profitable segmental growth balancing short- and long-term goals with upside and downside risk. Share technical subject matter underwriting expertise with underwriters. Provide regular trainings on CorSo overarching topics and LoB governance specific topics. Act as a mentor to junior and senior underwriters in Market Units.
- Technical excellence: Ensure sound underwriting practices are followed in line with Swiss Re governance. Monitor scope of the coverage of underwritten business and identify performance trends necessitating contracts and wordings action. Where required review and approve policy wordings and clauses, with the support of the Contracts & Wordings. Ensure adherence of local business with strategy, appetite and underwriting framework to achieve expected performance. Act as an expert referral body for multiple Market Units across various specialities of Casualty. Expert review, and support on International Programs (IP) and Alternative Risk Transfer (ART) initiatives.
- Key projects: Lead Trendspotting in APAC: review signals, lead the regional Core Team, assess potential trends and determine actions on 'line specific' priority emerging from Swiss Re Trendspotting initiative. Align with P&C Re where necessary and translate globally or locally into necessary appetite, Target Liability Portfolio (TLP), underwriting, appetite, costing and coverage actions. Lead projects/initiatives that are directly related to Corso's top priorities and therefore have high visibility and critical long-term impact on Corso's business. Areas including but not limited to: Process simplifications (e.g. streamlining renewal business). Complex topics such as major Swiss Re emerging risk projects, e.g. Artificial Intelligence, Climate Change, Collective Redress regulation etc. You are expected to independently plan and drive such projects.
- Internal & external stakeholder management: Act as point of contact for requests on the LoB from Global UW Centre and other key partners. Support Global Head FinPro & Casualty & LoB head on critical internal stakeholder presentations. Collaborate where necessary with senior stakeholders and brokers and with clients to support portfolio and client specific messaging and critical business retention/acquisition.
About the Team: You will report to the Global Head of Casualty and are part of a global team that is responsible for the profitability of the Casualty portfolio. As a Product Underwriter, you will collaborate with internal and external stakeholders and will be part of the centralized Underwriting unit that is tasked with upholding technical excellence and ensuring the profitability of the global Casualty portfolio.
About You: University degree or equivalent with a strong business component preferred; Minimum 15 years of underwriting experience in multiple specialties of Casualty and in a global environment; Liability insurance experience in the APAC region. Experience with Global international business and International Programmes, familiarity with US Casualty topics and experience in major markets outside the APAC Region; Solid skill set around Product Recall and Construction GL; Strong business acumen for Primary casualty business; Established track record of creating solutions with senior brokers and clients; Ability to prioritize, work on multiple priorities and work independently and as a team in an ambiguous environment; The ability to actively engage internal and external stakeholders respecting their different needs and interests; Self‑motivated to drive and own topics independently; Excellent communication skills (verbal and written) and advanced portfolio management and steering skills; Ability to prioritize and apply sound commercial judgement; Fluency in English, other languages would be an asset.
For London, the base salary range for this position is between GBP 112,000 and GBP 168,000 for a full‑time role. The specific salary offered considers: the requirements, scope, complexity and responsibilities of the role, the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience. In the situation where you do not meet all the requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance‑based annual bonus.
About Swiss Re Corporate Solutions: Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance‑based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime. Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry‑leading claims service provides them with additional peace of mind. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability. If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience. Start your career journey with Swiss Re.
Product Underwriter Casualty (Hybrid, 80 - 100% working degree) employer: Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
Swiss Re Corporate Solutions is an exceptional employer, offering a dynamic and inclusive work culture that fosters professional growth and innovation. With a strong focus on employee development, you will have the opportunity to collaborate with global teams across the APAC region, engage in meaningful projects, and benefit from competitive compensation packages, including performance-based bonuses. Join us in London, where your expertise in casualty underwriting will be valued and your contributions will directly impact our success in providing innovative insurance solutions.
Contact Detail:
Swiss Re - Schweizerische Rückversicherungs-Gesellschaft Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Product Underwriter Casualty (Hybrid, 80 - 100% working degree)
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work at Swiss Re or similar companies. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by researching common questions for Product Underwriters. Think about how your experience aligns with the role and be ready to share specific examples that showcase your skills.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a thank-you email to express your appreciation and reiterate your interest in the position. It keeps you on their radar!
✨Tip Number 4
Apply through our website for the best chance of getting noticed. Tailor your application to highlight your extensive expertise in Casualty underwriting and your understanding of the APAC market.
We think you need these skills to ace Product Underwriter Casualty (Hybrid, 80 - 100% working degree)
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Product Underwriter role. Highlight your experience in Casualty underwriting and any specific expertise in the APAC region, as this will show us you understand what we're looking for.
Showcase Your Skills:Don’t just list your qualifications; demonstrate how your skills align with the job description. Use examples from your past experiences that reflect your ability to support local underwriting teams and drive profitable growth.
Be Clear and Concise:When writing your application, keep it straightforward. We appreciate clarity, so avoid jargon and get straight to the point about your achievements and how they relate to the role.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
✨Know Your Casualty Inside Out
Make sure you brush up on your knowledge of the various specialties within Casualty, especially in the APAC region. Understand the nuances of Employers, Public & Products Liability, and Product Recall/Crisis Management. This will not only show your expertise but also demonstrate your commitment to the role.
✨Showcase Your Strategic Thinking
Prepare to discuss how you would support the LoB Head with portfolio strategy and cycle management. Think about specific examples from your past experience where you've successfully identified trends or driven profitable growth. This will highlight your ability to align with CorSo's strategy and appetite.
✨Engage with Stakeholders
Be ready to talk about your experience in managing internal and external stakeholders. Share examples of how you've collaborated with senior brokers and clients to achieve business retention or acquisition. This will illustrate your strong communication skills and ability to navigate complex relationships.
✨Demonstrate Technical Excellence
Familiarise yourself with Swiss Re's governance and sound underwriting practices. Be prepared to discuss how you've ensured adherence to guidelines in your previous roles. This will show that you understand the importance of technical excellence in maintaining profitability.
