At a Glance
- Tasks: Drive new business opportunities in Embedded Insurance and manage strategic partnerships globally.
- Company: Join Swiss Re, a leading global provider in reinsurance and insurance.
- Benefits: Competitive salary, performance-based bonuses, and a supportive work culture.
- Other info: Dynamic team environment focused on collaboration, innovation, and personal development.
- Why this job: Make a real impact in a fast-growing industry while building meaningful relationships.
- Qualifications: 5+ years in underwriting with strong Embedded Insurance expertise and a robust network.
The predicted salary is between 112000 - 168000 € per year.
Are you a seasoned Embedded Insurance (EI) professional with a powerful network, a hunter's instinct for origination, and the expertise to shape the future of a growing global business? If you thrive at the intersection of innovation, relationship‑building, and underwriting excellence – this is your opportunity to make a real impact on a global scale.
About the Role
As a Senior Special Risks Underwriter – Embedded Insurance (EI), you will be at the forefront of one of the most exciting and fast‑growing segments in the reinsurance industry. Originating new business is at the heart of what we expect from you. You will use your deep industry network and comprehensive product knowledge (ideally in the Extended Warranty or Travel business area) to identify, originate, structure and underwrite new EI business opportunities globally, supporting Swiss Re’s strategic growth and financial targets.
Key Responsibilities
- Drive origination of new business opportunities by leveraging your established network of clients, brokers, Third‑Party Administrators and ecosystem partners.
- Identify and develop new business leads across global markets, proactively building and maintaining a robust, high‑quality deal pipeline.
- Structure and underwrite complex EI schemes, deploying reinsurance capacity in accordance with risk‑quality standards and underwriting guidelines.
- Own and manage strategic partnerships end‑to‑end – from initial engagement to negotiation of terms and ongoing performance monitoring.
- Build and nurture long‑term relationships with clients, brokers, and partners, positioning Swiss Re as the partner of choice.
- Define and deliver optimal client solutions by combining deep product know‑how with collaboration across Swiss Re’s global network of specialists and external business partners.
- Contribute to capability development within the team, including product innovation, data science, risk assessment methodologies and partnership management frameworks.
- Monitor portfolio performance based on bottom‑line results, market impact and capability development, ensuring continuous improvement and accountability.
- Represent Swiss Re at industry events, forums and client meetings to strengthen brand presence and market influence.
About the Team
You will be joining the Special Risks team – a highly motivated and successful group with a global mandate to underwrite EI business within Swiss Re Reinsurance. Based in Zurich or London, the team manages a comprehensive portfolio of Special Risks products and client relationships worldwide. Collaboration, agility and innovation are the hallmarks of our work. We are looking to strengthen our team with an ambitious, curious and results‑driven colleague who brings a genuine “can‑do” attitude and places personal and professional development at the forefront.
About You
You are a driven, entrepreneurial professional who combines deep Embedded Insurance expertise (ideally in the Extended Warranty or Travel business area) with exceptional origination capabilities and a well‑established industry network. You bring a commercial mindset, a passion for building meaningful relationships and the ability to navigate complex, multi‑stakeholder environments with confidence and credibility. You are comfortable working independently as well as collaborating across a global team, and you take full ownership of your results.
Requirements
- Proven origination capabilities – a demonstrated track record of sourcing and converting new business opportunities, backed by an active network of contacts within the EI ecosystem (insurers, distributors, fintechs, retailers, and other embedded insurance players).
- Deep Embedded Insurance product knowledge – strong and comprehensive expertise across multiple EI product lines, with the ability to assess risk, structure solutions and advise clients with authority and confidence.
- Advanced value‑chain expertise – ability to analyse existing EI value chains and/or build new ones from the ground up, understanding the roles of all stakeholders from product design through distribution and claims.
- Minimum 5 years of underwriting experience and/or an established career in broking – a solid foundation in underwriting principles and practices, with a significant portion focused on EI (e.g. Extended Warranty).
- Advanced relationship management and negotiation skills – significant experience managing complex, senior‑level relationships and leading commercial negotiations to successful outcomes.
Nice to Haves
- Experience working in an international or cross‑border environment, with an appreciation for cultural nuances in business development.
- Familiarity with product development.
- Existing relationships with Third‑Party Administrators (TPAs), MGAs or EI platform providers.
- Additional language skills beyond English – particularly German, French or Spanish are a strong advantage.
- A track record of contributing to team capability‑building, knowledge sharing or thought leadership in the Embedded Insurance market.
Salary & Benefits
For London, the base salary range for this position is between GBP 112,000 and GBP 168,000 for a full‑time role. 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.
Legal & EEO Statements
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance‑based risk transfer, working to make the world more resilient. We are committed to an inclusive culture encouraging fresh perspectives and innovative thinking. All qualified applicants will receive equal opportunity for employment. We embrace a workplace where everyone can bring their authentic selves to work and pursue professional development regardless of age, gender, race, ethnicity, gender identity expression, sexual orientation, physical or mental ability, skill set or any other characteristic. 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.
Senior Special Risks Underwriter - Embedded Insurance (Hybrid; m/f/x/d; 80-100%) employer: Swiss Re
Swiss Re is an exceptional employer that fosters a culture of collaboration, innovation, and personal development, making it an ideal place for professionals in the Embedded Insurance sector. With a strong commitment to inclusivity and a focus on employee growth, you will have access to a wealth of resources and opportunities to shape your career while working alongside a motivated team in vibrant locations like Zurich or London. The competitive salary package, performance-based bonuses, and the chance to make a significant impact on a global scale further enhance the appeal of joining our dynamic organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Special Risks Underwriter - Embedded Insurance (Hybrid; m/f/x/d; 80-100%)
✨Tip Number 1
Network like a pro! Use your existing connections in the Embedded Insurance space to get introductions and referrals. Remember, personal recommendations can open doors that cold applications can't.
✨Tip Number 2
Show up at industry events! Whether it's conferences or local meet-ups, being present helps you build relationships and showcase your expertise. Plus, it’s a great way to keep your finger on the pulse of the market.
✨Tip Number 3
Tailor your pitch! When you get the chance to chat with potential employers or partners, make sure to highlight how your unique skills and experiences align with their needs. Be specific about how you can add value.
✨Tip Number 4
Don’t forget to follow up! After meetings or networking events, send a quick message to thank them for their time and reiterate your interest. It keeps you top of mind and shows your enthusiasm.
We think you need these skills to ace Senior Special Risks Underwriter - Embedded Insurance (Hybrid; m/f/x/d; 80-100%)
Some tips for your application 🫡
Show Off Your Network:When you're writing your application, don't hold back on showcasing your connections in the Embedded Insurance world. We want to see how your established relationships can help us drive new business opportunities.
Highlight Your Expertise:Make sure to emphasise your deep knowledge of Embedded Insurance products, especially in areas like Extended Warranty or Travel. We’re looking for someone who can confidently assess risks and structure solutions, so let that shine through!
Be Results-Driven:We love a candidate who takes ownership of their results! In your application, share specific examples of how you've successfully sourced and converted new business opportunities. Numbers and outcomes speak volumes!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to keep track of your application and ensure it gets the attention it deserves. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at Swiss Re
✨Know Your Stuff
Make sure you brush up on your Embedded Insurance knowledge, especially in the Extended Warranty or Travel sectors. Be ready to discuss specific products and how they fit into the broader market. This will show that you're not just familiar with the industry but are genuinely passionate about it.
✨Leverage Your Network
Since this role heavily relies on relationship-building, come prepared with examples of how you've successfully leveraged your network in the past. Think about specific instances where your connections led to new business opportunities or partnerships. This will demonstrate your origination capabilities.
✨Showcase Your Negotiation Skills
Be ready to discuss your experience in managing complex relationships and leading negotiations. Prepare a few stories that highlight your ability to navigate challenging discussions and achieve successful outcomes. This will help illustrate your advanced relationship management skills.
✨Emphasise Continuous Improvement
Talk about how you’ve contributed to team capability-building or innovation in your previous roles. Whether it's through knowledge sharing or developing new methodologies, showing that you’re committed to continuous improvement will resonate well with the interviewers.
