About the LH1 Madrid Hub (LH1 MAD)

Together with the Hubs in Munich and London, LH1 MAD forms the Life and Health 1
division of Munich Re, LH1 MAD aims to become an increasingly relevant player in
the generation of new business for Munich Re through its initiatives in Southern
Europe and Latin America, while maintaining its stable and profitable portfolio
in the region.

To achieve its ambition, LH1 MAD has focused its growth strategy on scaling the
traditional Protection business in Life and Health, shaping it via Business
Transformation (Automated UW, B2B2C Cooperation Models, and Product
Development), and expanding its Financial Reinsurance solutions across the
region.

The Risk and Pricing department based in Madrid is responsible for providing LH1
MAD with best-in-class actuarial and risk management services, ensuring the
Hub’s rapid growth occurs sustainably and in line with the Group’s underwriting
guidelines

About the role

The Risk Consultant works closely alongside colleagues in LH1 MAD, the LH1 Risk
Management team,



and within Munich central functions in strengthening the LH1
Madrid’s Actuarial and Enterprise Risk Management capabilities.

In addition to this, they will support the ongoing production of internal
reports required, such as the Annual Risk Report, The Market/Deal Assessment
processes and Operational risks analysis.

LH1 MAD has a regional responsibility along the Southern Europe (Spain,
Portugal, Italy, and Malta) and Latin America, with close contact with the
offices of MR in Milán, Malta, Sao Paulo, Bogota and Mexico City. This
responsibility encompasses all Life and Health Protection and Financial
Reinsurance contracts. The collaboration with Non-Life is relevant as all MR
offices operate under the one-roof concept, especially with the local compliance
officers, but RM is not responsible for the compliance processes.

The position will be based in Madrid.

Your Job

Actuarial Risk Management

* Review of large and complex transactions,

📌 Risk Consultant (Madrid)
🏢 Munich Re
📍 Madrid