Insurance Underwriting Analyst Job Vacancy in Flacq, Mauritius – Insurance & Reinsurance

Job Description

Position:Insurance Underwriting Analyst

Company:Swiss Re

Location:Flacq, Mauritius

Experience:3-5 years

Education:Bachelor’s degree in Finance, Economics, or related field

Employment Type:Full-time

Industry:Insurance & Reinsurance

Department:Underwriting

Salary:SSP 600,000 – SSP 850,000 per annum

Vacancies:1

Company Overview

Swiss Re is a leading global reinsurance company with a strong commitment to risk management, innovation, and sustainability. With a presence in over 25 countries, Swiss Re brings world‑class expertise to the Mauritian market, supporting local insurers and businesses in navigating complex risk landscapes. The Mauritius office in Flacq serves as a strategic hub for underwriting, analytics, and client advisory services across the Indian Ocean region. As part of Swiss Re’s growth strategy, the firm continuously invests in talent, technology, and community initiatives, making it an attractive employer for professionals seeking a dynamic and purpose‑driven career.

Job Overview

The Insurance Underwriting Analyst will play a pivotal role in evaluating, pricing, and structuring reinsurance contracts for a diverse portfolio of clients. Reporting to the Underwriting Manager, the analyst will conduct detailed risk assessments, develop actuarial models, and collaborate with underwriters, actuaries, and claims teams to ensure profitable and compliant underwriting decisions. This position offers exposure to a wide range of insurance lines, including property, casualty, marine, and specialty risks, and contributes directly to Swiss Re’s mission of delivering innovative risk solutions. The role also supports the broader objectives of hiring in Mauritius and enhancing career opportunities in the island’s financial services sector.

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Key Responsibilities

• Analyze and assess risk exposures for property, casualty, marine, and specialty lines.
• Develop and maintain actuarial pricing models using statistical software and Excel.
• Prepare detailed underwriting reports and recommendations for senior underwriters.
• Collaborate with cross‑functional teams to ensure alignment with regulatory requirements and Swiss Re’s underwriting guidelines.
• Monitor portfolio performance and recommend adjustments to improve profitability.
• Assist in the preparation of reinsurance treaties and endorsements.
• Support the implementation of digital underwriting tools and data analytics platforms.
• Contribute to market research and competitive analysis to identify emerging trends in the insurance sector.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and statistical tools.
• Excellent written and verbal communication skills.
• Attention to detail and ability to work under tight deadlines.
• Knowledge of insurance principles, underwriting practices, and reinsurance structures.
• Ability to interpret complex data and translate findings into actionable insights.
• Team‑player mindset with collaborative approach across departments.
• Proficiency in English; French is an advantage.
• Familiarity with regulatory frameworks governing insurance in Mauritius.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Actuarial Science, or a related discipline is required. Professional certifications such as ACAS, CFA, or equivalent are considered a strong asset and demonstrate a commitment to continuous learning and professional development.

Experience

Candidates should have 3 to 5 years of experience in insurance underwriting, actuarial analysis, or risk assessment, preferably within a reinsurance or large insurance organization. Experience with data‑driven underwriting and exposure to the Mauritian market will be highly valued.

Salary

The compensation package ranges from SSP 600,000 to SSP 850,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, health benefits, and a comprehensive retirement plan.

Benefits

• Competitive salary and performance bonuses.
• Comprehensive health and dental coverage.
• Retirement savings plan with employer contributions.
• Generous paid leave and holidays.
• Professional development allowance.
• Access to Swiss Re’s global learning platforms and mentorship programs.

Training

• On‑boarding program covering Swiss Re’s underwriting philosophy and systems.
• Continuous technical training in actuarial modeling and risk analytics.
• Leadership development workshops for high‑potential employees.
• Access to industry conferences and seminars across the region.
• Mentorship pairing with senior underwriters and actuaries.

Working Environment

Swiss Re offers a collaborative, inclusive, and technology‑enabled workplace located in a modern office complex in Flacq. Employees benefit from flexible working arrangements, state‑of‑the‑art tools, and a culture that encourages innovation and knowledge sharing. The firm’s commitment to sustainability and corporate responsibility creates a purposeful environment where staff can make a meaningful impact on the community and the broader insurance industry.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the Swiss Re careers page. Applications will be reviewed by the recruitment team, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment at the Flacq office. Swiss Re values diversity and encourages applicants from all backgrounds to apply.

Equal Opportunity Statement

Swiss Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. Join us and be part of a global leader that supports your career growth while contributing to the development of Mauritius Jobs and broader Employment in Mauritius.