Actuary Product Development

Actuary Product Development (m/f/d)

Company: Munich Re

Location: Munich, Germany

The Business Development team is a client-facing business unit for servicing Life and Health insurers in the versatile, exciting, and highly-developed geographical area of Continental Europe, particularly in our home market Germany. The team is responsible for developing new primary insurance products together with and for our clients, managing strategic business initiatives, and driving innovation and trend topics in Life and Health insurance.

To complement our team, we are looking for you, an enthusiastic and motivated individual who wants to contribute to the success of the themes and the unit.

Your Job

• Developing innovative Life, Disability, and Health insurance products within our region
• Analyzing biometric market and client data to improve product terms and generate new business ideas
• Pricing and assessing Life, Disability, and Health protection products according to traditional and new risk factors
• Tailoring and optimizing products and pricing to fit them to markets, target groups, benefit triggers, terms and conditions, sales channels, and marketing approaches
• Maintaining a network of insurance contacts in relevant markets (including actuaries, product managers, and reinsurance managers of our cedents, brokers, rating agencies, etc.)
• Supporting Client Management in their sales and marketing activities (product pitches, market events, Munich Re events, marketing material)
• Managing projects across teams within the business unit of Life/Health

Your Profile

• Degree in Mathematics or Economics with an actuarial background
• 3+ years of experience in Life, Disability, or Health (re-)insurance
• Ideally experience in the product development of a Life/Health primary insurer
• Outstanding analytical, methodical, and conceptual skills along with a highly creative, solution-oriented mindset and the ability to “think out of the box” even under time pressure
• High level of commitment, team spirit, and an integrative personality
• Excellent written and spoken language proficiency in English and German. Additional European languages (French/Dutch) would be an advantage
• Full command of Office tools
• Willingness to travel

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates, and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.

About us

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk, we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment, or even space travel.

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.

Sounds like you? Push boundaries with us and be part of Munich Re.

Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

• Diversity, Equity & Inclusion: We embrace the power of differences and are convinced that diversity fosters innovation and resilience, enabling us to act braver and better.
• Continuous Learning: We believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: We actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: Appropriate compensation for your high level of commitment.
• Retirement provision: State-of-the-art in-house pension solutions.
• Work-life balance: Promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: Focus on your physical and mental health far beyond legal requirements.
• Hybrid working: Living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized if equally qualified.

Münchener Rückversicherungs-Gesellschaft

Lisa Schneider

HR Consultant