Associate Underwriter P&C - Base

Reference Number:  2650
Contract Type:  Regular
Working Time:  Full-Time

Hannover Re - with around 3,900 employees at locations all over the world. Our strength? Connecting Power: We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.

Hannover Rück SE – India Branch commenced operations on February 1, 2017. The Indian regulator IRDAI granted the crucial license approval (R3) in December 2016. Known for its receptive, flexible, and open-minded approach, Hannover Re India is dedicated to fostering mutually beneficial business relationships. We strive to stay ahead of the competition by offering innovative products and solutions in both property & casualty and life & health reinsurance.

You can look forward to

  • Responsible as a part of P&C Treaty underwriting  team of the Branch for achieving both topline and bottom line target in accordance with prescribed guidelines.
  • To analyse data and determine appropriate pricing factor using internal quotation systems.
  • Coordinate with various service centres like modelling team, QOT team, Centre of Competence at various locations.
  • Maintain adequate procedure, record, administration, and reporting of treaty business in force (including but not limited to, treaty systems, documentation and filing, data for portfolio analysis) in line with guidelines and standard operating procedures.
  • Assist the team in Client management and support, improving the Hannover re visibility and developing new business opportunities.
  • Partake in inter-departmental projects and taskforces as required
  • Encode underwriting information into our internal administrative systems.
  • Contribute to the development, planning and execution of company strategy (including but not limited to profitability, underwriting, marketing, etc) in line with group strategy and goals.
  • Branch P&C UW Head and other Branch underwriters, KL Branch, Speciality UW divisions and support services at Hannover office, accounting and claims team members of India Branch.

You come equipped with

  • Bachelor’s degree with insurance qualification 
  • 5 - 7 years minimum working experience in other Reinsurance Branches in India or in Reinsurance department of general Insurance Companies.
  • Good conceptual ability, good analytical and interpersonal skills
  • Dynamic and entrepreneurially minded
  • Good at MS Excel
  • Should be a good team player and have positive attitude
  • Good in dealing with external and internal customers.

NOTE: - Should be comfortable with travelling in India and abroad as per work requirement for Hannover Re – India Branch and Hannover Office (Germany).

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