Consultant for General Insurance Pricing

Location

Munich, Germany

Job type

Full-Time

Work mode

Hybrid

Job level

Professional

Job ID

11259

Company

Munich Re

Employment type

Regular

Area of expertise

Business Strategy & Consulting

Insurance Consulting is the global Property & Casualty (P&C) consultancy within the Munich Re Group. Our international team of seasoned insurance professionals delivers high-impact solutions across key areas such as Pricing, Underwriting, and Portfolio Management.

What sets us apart? A global but lean setup, a focus on actionable outcomes, and efficient, collaborative project delivery. We thrive on close teamwork - both across our global internal network and with our clients. Whether supporting internal stakeholders within Munich Re or working directly with our cedants, we are committed to driving tangible performance improvements. In today's environment of rising uncertainty and increasing competitive pressure, our mission is clear: empower our clients to succeed with insight, technical excellence, and measurable results.

We are seeking an experienced Consultant with deep expertise in General Insurance Pricing. The ideal candidate will have a solid international background, advanced technical skills and experience in Primary Insurance related Project Work.

We are looking for someone with a solution-oriented mindset, a passion for delivering top-quality results, and a drive to explore new approaches. If you are ready to make a difference, we look forward to hearing from you

Your Job

• Diagnose client performance needs and deliver tailored solutions through hypothesis testing.
• Advise primary insurers on pricing strategy, governance, product development, underwriting, and portfolio steering.
• Develop scalable consulting concepts and maintain a competitive service offering.
• Contribute to MR perspectives on emerging topics (e.g., AV, EV, Augmented UW).
• Prepare and analyse complex data sets for modelling and monitoring.
• Review and challenge pricing models, rates, and product definitions.
• Engage with senior client management; prepare business cases, RFPs, and pitches.
• Lead project workstreams and manage smaller client projects independently.
• Ensure superior client experience through high-quality execution.
• Track milestones and support timely project delivery.
• Foster strong internal and external relationships (CM, UW, Claims, and clients).
• Collaborate across diverse and global Deal Teams for seamless delivery.

Your Profile

• Tertiary education (BSc/BA, MSc, PhD), or fellowship in an internationally recognised Actuarial Association
• Minimum 5 years of experience in primary insurance in Pricing related functions
• Proficiency in statistical methods and machine learning, pricing technology (e.g. Earnix, WTW Radar/ Emblem, Akur8) and coding (R or Python)
• Portfolio performance management and technical reporting skills
• Strong analytical and problem-solving skills with a client-centric approach
• High degree of responsibility, ownership, and a self-starting attitude
• Exceptional interpersonal and communication skills, including engagement with senior stakeholders
• Fluency in business English; additional languages such as Spanish are a plus
• Willingness to travel and work abroad in a dynamic, challenging environment

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 and enables 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.

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.