IoT Business Development Manager Associate


The New Technologies and AI Underwriting team is part of our recently formed global IoT structure. You would join an experienced business unit structuring new risk-transfer solutions in the area of new technologies and data-driven business models. We have a great track-record of writing scalable new business with start-ups. You will extend that. Your focus will be on working with predictive analytics start-ups to structure solutions which enable their go-to-market-strategy and help them grow. In particular, we seek to drive insurance backed performance guarantee solutions for machine learning based services of start-ups. We assess the quality of the implementation of the machine learning system and estimate the probability of predictions falling short compared to the actual outcomes. We are looking for a Business Development Manager who combines the ability to source and drive the execution of business opportunities in the area of AI with a strong background in statistics or computer science and who will help us shape Munich RE’s future.


Education and Experience:
  • Degree in Finance, Statistics, Computer Science, or related fields
  • Minimum of 3 years of relevant experience in a data scientist role with start-up companies or graduate degree in Finance, Statistics, Computer Science, or related fields
  • Minimum of 2 years of relevant experience in sourcing investment opportunities at a Venture Capital firm, Corporate Venture Capital firm or a Private Equity firm, or in building relationships with start-ups at accelerators, universities, financial institutions or other companies
Knowledge and Skills:
  • Excellent understanding of modern machine learning techniques, best practices in their implementation and performance evaluation
  • Excellent networking and stakeholder management skills
  • Excellent abstract reasoning and communication skills
  • Ability to reduce complexity and communicate concisely the most important points of a deal opportunity to senior management
  • Excellent project management skills
  • Strong negotiation skills
  • Strong ability to quickly understand new and complex business cases
  • Good working proficiency in Python, R or comparable programming languages is a plus
  • Fluency in English is a must, fluency in German a plus
  • Highly ambitious, entrepreneurial, and innovative mindset, curiosity and drive
  • Didactic and intercultural competence
  • Willingness to work in deal teams distributed across different time zones and continents
  • Willingness to travel
At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The Hartford Steam Boiler Inspection and Insurance Company (HSB), a part of Munich Re since 2009, provides equipment breakdown and other specialty coverages, inspection services and engineering consulting that set the standard for excellence worldwide. One of the world’s leading equipment breakdown insurers, HSB helps clients reduce risk through a unique combination of specialty coverages, engineering-based risk management strategies and loss prevention services. A.M. Best Company awarded the HSB Group of companies its highest financial rating, A++ (Superior). We look ahead, anticipate risk and leverage our knowledge and experience to develop new solutions to help our clients meet tomorrow's challenges. To see the future we see check out our LinkedIn page: