Together, we engage with everything we have and are, to help humankind act braver and better.
About DAA2:
Digital Solutions P&C is a new divisional unit, focussing on insurance consultancy, business enabling technologies and data-driven solutions. Jointly, we are supporting our business units worldwide with dedicated services and subject-matter expertise in relevant domains. With more than 100 colleagues with unique expertise and competencies, we are present in 7 locations and active in 70+ countries with 400+ clients served.
About the role:
We are seeking an experienced and dynamic consultant with deep expertise in general insurance pricing, analytics, and portfolio management. The ideal candidate will have a strong international background, advanced technical skills, and proven leadership to drive strategic initiatives and innovative solutions. This role calls for strategic thinking, exceptional stakeholder management, and a passion for innovation in a global, interdisciplinary environment. If you're solution-oriented and eager to explore new approaches, we want to hear from you!
Key Responsibilities:
- Strategy & Execution: Shape and implement client strategies in Pricing, Analytics, Claims, and Portfolio Management. Develop adaptable consulting services, focusing on monetization and meeting diverse client needs
- Business Development: Identify new pricing-driven business opportunities, expand into underpenetrated markets, and lead consultative selling. Present Munich Re's value proposition to C-suite executives
- Service Offering & Delivery: Provide comprehensive pricing and analytics solutions, including risk modelling, product definition, technical pricing, and profitability improvement. Consult primary insurers and MGAs on end-to-end pricing solutions, such as model reviews, underwriting strategies, and pricing governance
- Data & Insights: Gather detailed data to enhance portfolio insights and help clients improve their business understanding
- Thought Leadership: Lead internal and external thought leadership initiatives. Conduct pricing surveys, webinars, and social media engagement, sharing insights on best practices. Stay updated on industry trends and deliver cutting-edge research
- Partnership Management: Oversee partnerships with third-party actuarial software providers like Akur8, Earnix, and WTW
- Center of Competence: Act as the Center of Competence for primary pricing within the RI Group, ensuring best practices and providing peer reviews for pricing initiatives
- Team Leadership: Coordinate a global team of ~20 experts across seven locations, managing resources effectively and maintaining high-level expertise across all teams
Competencies:
Drives engagement (we think big) – you create a climate where individuals understand team commitments and the Company ambition. They understand how their role contributes to both and you create an environment where they feel motivated and inspired.
Builds effective teams (we lead the ‘we’) – you build strong-identity teams that work collaboratively, applying their diverse skills and perspectives to achieve common commitments.
Values differences (we lead the ‘we’) – you recognise the value that different thoughts, generations, cultures and experiences bring to your team, business unit and wider across the Group. Thus, ensuring that team dynamics are diverse and inclusive.
Balances stakeholders (we grow with our clients) – you can anticipate and balance the needs of multiple stakeholders (internal and external), prioritising effectively, challenging appropriately and ensuring value is provided.
Situational adaptability (we care and dare) – you recognise the need to be flexible and adapt your approach depending on the situation. Whether you are a people manager or technical expert, you lead with empathy, whilst appropriately identifying when to take a stand against complacency and conformity.
Develops talent (we care and dare) – you develop talent to meet both their personal and professional goals, but also the organisation’s goals, identifying opportunities and supporting managers in your team to develop their direct reports (for technical experts this would involve supporting the development of talent).
Instils trust (we are clear and authentic) – you gain the confidence and trust of others through honesty, integrity and authenticity, building strong relationships and inspiring those around you.
Key Skills & Experience:
- Consulting Expertise: Extroverted, high-calibre consultant with multi-year experience in primary insurance, ideally within a global P&C function
- Domain Knowledge: Solid international experience in general insurance (strategy, pricing, products) with knowledge of Digital Solutions (UW Technology, Risk Solutions, Data Solutions). Reinsurance expertise is a plus
- Pricing Skills: Proficient in actuarial/statistical methods (GLM, GBM, Random Forest), data-wrangling (SAS, R, Python), and pricing software (Emblem, Earnix, Akur8). Expertise in Auto ML, price optimization, and portfolio management
- Consulting Experience: Analysis and pricing of large insurance portfolios, product design, and processes personal and commercial lines in P&C. Strong in ideation, design thinking, project management, and sales
- Leadership: Proven leadership in managing cross-cultural teams, with a focus on MR leadership values. Strong interpersonal, communication, and team-building skills
- Skills: Highly analytical with excellent written and spoken English; additional languages (Spanish, French) are desirable
Qualifications and Educational Requirements:
Advanced degree (Master’s/PhD) in fields such as mathematics, statistics, or physics. Preferably a fellowship in a recognised actuarial society
Thought Leaders:
You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.
You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
You will treat your colleagues and sales and business partners fairly and with respect.
Regulatory & Conduct Requirements:
In addition to the responsibilities set out above, the Lead for General Insurance Pricing & PACP Domain role will also become responsible for:
- Ensure compliance with Insurance Distribution Directive
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules
About us
You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning
You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders
We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn
You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions
We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged
At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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.
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!
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.
Application closing date : 22nd November
