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Mumbai, MH, IN

Engineering Underwriter


Position                                Engineering Underwriter, Treaty and Facultative Business

Corporate Title                   Assistant Vice President

Location                               Mumbai

Reporting to                        Head of Engineering Indian Subcontinent, Trade & Infra




About Swiss Re

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 anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of our 15,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?



      About the role

We are looking for a highly motivated and result oriented Engineering Underwriter, who will be accountable to steadily improve the understanding of the Engineering business, clients, markets, competitors in India as well as International business.




  • Support SR underwriters in largely India, Asia and Middle East to enable them grow economic profit CM3 (& CMR) by providing analytical support on pre-underwriting and administrative support on post underwriting activities.
  • Acquire knowledge on Engineering treaty and facultative business.
  • Co-operate and co-ordinate with Client Management in the respective markets (CM)
  • Analyse specific requests from clients in India and deliver a recommendation to the underwriters on engineering treaty and facultative business
  • Proactively advise the claims team on the coverage aspects of claims (main driver remains with claims management)
  • Contribute to and exchanges knowledge within the Engineering UWg community
  • Support the engineering underwriter responsible for the market for deal-teams solutions
  • Carry out assessment of the exposure, input pricing data in the system, submit pre-underwriting note to the Engineering underwriters for their review
  • On finalisation of the business by the market underwriter, complete the post underwriting activities in the system
  • Know general aspects of the world-wide Engineering market and its development
  • Add specialist know-how value to the client and client teams in India
  • Collaborate in project teams
  • Do required reporting in Swiss Re (SRe) system, e.g. PER
  • Prepare technical presentations for the underwriters
  • Coach and train SR employees (on the job and in training courses)
  • Keep up-to-date on market development by internal and external networking
  • Keep Engineering files (wordings, risk assessment, UWg, publications etc.) up-date
  • Maintain his/ her know how in area of expertise up to date and actively co-operates in knowledge exchange (eg knowledge networks)

About the team

We are a small, relatively upbeat, multifaceted, self-motivated & diversified team ready for new challenges across continents and deliver timely efficient solutions to our internal and external clients thereby providing Swiss Re the competitive edge.

About You

  • Candidates with Bachelor's or Master's in Civil/ Mechanical / Electrical / Chemical from Government College or from elite Private Institutions would be preferred with honours   grade and
  •  Minimum three (3) years of relevant working experience in the engineering industry in construction or manufacturing .
  • Master's degree in Business Administration/ CFA  from National Insurance Academy or any equivalent institute specialized in (Re)Insurance will be an added advantage
  • Entrepreneurial mindset (sense of urgency, cost consciousness and personal risk taking), committed to sustainable performance and continuous improvement
  • organizational/project management skills, ability to manage peak period workloads
  • Ability to work independently as well as to collaborate in a team environment
  • Comfortable to work in a fast-paced environment and to adapt to change
  • Creative thinking capability and a problem-solving attitude.
  • Excellent written and verbal communications skills in English language
  • Open to relocate anywhere in India and overseas. The individual should be flexible to cater to the time zones of different markets in Asia/ Europe.

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