Big data, artificial intelligence and advanced analytics are transforming the insurance industry across the value chain.
Munich Re is at the forefront of this trend, having made a significant investment in start-of-the-art analytics infrastructure and software, central and regional analytics centres of competence and several successful analytics initiatives with its clients worldwide.
Munich Re has experienced exponential growth in demand for automated underwriting and analytics projects from its clients in life and health.
It’s an exciting opportunity for a motivated professional who is interested in leveraging their technical underwriting know-how to join our team located in India to drive our clients’ automated underwriting initiatives.
The role centres around design and review of automated underwriting rules with domain expertise provided as required during the rules implementation phase to support the client digital underwriting transformation.
This position will be based in India working with the Chief Transformation Officer, Digital Solutions, Life & Health 2, located in Singapore.
Specific tasks include : Participation in the project kick off activities through end to end underwriting process reviews, fact find and support to stakeholdersActive engagement in understanding, defining and documenting the clients underwriting philosophy and standardsSupport our tech partner (Munich Re Automated Solutions, MRAS) in developing and setting up new system features to deliver on client requirementsAs underwriting domain expert deal with automated underwriting queries and guide clients on how to implement process improvements and product featuresReview of existing application forms and setting them up in the automated underwriting engine focussing on ways to enhance the customer journeyDevelop and implement risk adequate medical and underwriting logic (rules) based on Munich Re’s underwriting philosophy according to all risk types (example Life, CI, TPD, Medical)Tailor existing medical and underwriting logic based on the client’s underwriting standard, regulatory framework and compliance requirementsProvide underwriting consultancy to not only automate existing processes but also look at opportunities to improve current processesActive participation in meetings and follow up on assigned actions to meet projects deliverables.
Includes supporting project lead / sponsor through clear project documentation and regular updates to all parties.
Claims assessment experience would be preferred.