About Us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptablestrategy, superior products and industry leaders working in a supportive environment to achieve this. We are currently looking for a Pricing Actuary to be based in Madrid on a full-time basis, reporting into the European HUB Pricing Manager. Provision of actuarial pricing and performance management support to European business under MRS-GM, a stand‐alone division of Munich Re.

Support the development and enhancement of technical and commercial pricing capabilities for different Lines of Business in Europe.

Data Analysis & Modelling: Support underwriters with any ad‐hoc analysis or reporting requests. Case pricing of large or unusual accounts, including frequency severity simulations and/or experience based analysis. Conduct technical analyses, investigations (e.Conduct actuarial analysis to support the onboarding of additional territories or new MGAs for different classes of business.

Present results to a variety of stakeholders to provide insight and recommendations on pricing and performance related results. Engage proactively and collaborate with relevant stakeholders, with a focus on pricing and performance. Creation, maintenance and underwriter training of any new pricing tools required, working with the MRS-GM Actuarial Pricing team and local underwriters to ensure suitability and consistency.

Project Involvement Performance Monitoring





Track price adequacy and performance and lead profitability exercises using modelling and reserving techniques, as required.

Create Pricing Management

Information for use by Underwriters and senior management, reporting on all pricing KPIs as defined by MRS-GM Actuarial Pricing team. At least 2 years of experience in a pricing‐focused actuarial role ideally within commercial insurance. Proven experience with modelling and data.

Good knowledge of commercial insurance products and the European market, insurance processes and regulatory requirements. Excellent written and verbal communication skills, including report writing, presentations and ability to present complex analyses to senior management. Analytical and problem‐solving skills, with a strategic and commercial outlook.

Fluency in English is a must, other European languages are also an advantage. life, school, and career experiences; You can request adjustment by speaking to your Talent Acquisition contact.

At Munich Re

Specialty - General Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Learn more about sustainability at Munich Re - choose your impact! #

📌 Actuarial Analyst (Madrid)
🏢 Munich Re Group
📍 Madrid