Catastrophe Analyst

Fortegra Europe Insurance Company Ltd; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

Fortegra Europe Insurance Company Ltd is seeking a professional contributor in catastrophe risk management to support data gathering, data quality checks, and analyses under supervision.

The role involves working with underwriters, conducting exposure assessments, and using vendor catastrophe modeling tools to estimate risk and inform reinsurance decisions, with opportunities to grow in risk management and (re)insurance knowledge.

Qualifications

• Minimum 3 years of experience with commercial catastrophe model Verisk; familiarity with RMS or KatRisk is a plus.
• Bachelor’s degree in mathematics, economics, engineering, or related natural science.
• Experience with Microsoft SQL; Python or R and Alteryx are beneficial.
• Some knowledge of data warehousing (e.g., Snowflake) and GIS is advantageous.
• Fundamental knowledge in (re)insurance industry.

Responsibilities

• Work with underwriters to gather and prepare quarterly portfolio rolls for catastrophe modeling.
• Assess data quality to ensure data fit for purpose in analyses.
• Analyze exposure changes and discuss loss distribution results with underwriting and senior management.
• Perform loss and accumulation analyses using catastrophe modeling software and transform outputs for reporting.
• Evaluate how risk measures affect reinsurance alternatives and provide price indications.
• Collaborate with junior members in data preparation and interpreting insurance terms for catastrophe models.
• Utilize spatial visualization tools to monitor aggregations and profitability aligned with underwriting objectives.
• Prepare and format summaries and reports on potential risk and loss results for stakeholders.
• Strengthen relationships with internal and external partners and support tool development and delivery.

Skills

Data analysis

Catastrophe modeling

Exposure data analysis

SQL

Python

Geospatial analysis

Communication

Reinsurance knowledge

Education

Bachelor's degree in mathematics, economics, engineering, or related natural science

Tools

Verisk

Moody's RMS

KatRisk

Snowflake

Alteryx

Job description

This position is for a professional contributor in catastrophe risk management, who works under moderate supervision. The individual will assist other team members in gathering and preparing data for catastrophe analyses, by reviewing exposure data for accuracy, validity, and identifying abnormalities. The candidate will perform catastrophe risk analytics necessary for reinsurance evaluation under the guidance of senior team members. The position requires a self-starter who manages moderately complex analyses in partnership with internal and external teams to confidently communicate needs, findings, and recommendations. The candidate should have a willingness to continually develop skills in risk management and the (re)insurance industry.

Responsibilities:

Key responsibilities will include, but not limited to:

• Work directly with underwriters to gather and prepare quarterly portfolio rolls up for catastrophe modeling. Assess the data quality to ensure the data used in the analysis is fit for purpose.
• Analyze changes in exposure and the associated impact of catastrophe model results. Discuss reasonableness of loss distribution results with underwriting team and senior management.
• Perform loss and accumulation analyses using vendor catastrophe modeling software, extract and transform outputs to calculate risk exposure and losses for reporting.
• Analyze how the distribution of results and relevant risk measures changes the application of various proposed reinsurance alternatives. Use vendor catastrophe modeling software to provide price indications for reinsurance alternative structures.
• Collaborate with junior team members in basic aspects of property (re)insurance and especially catastrophe modeling, including how to prepare data and interpreting insurance terms to catastrophe model.
• Incorporate data into spatial visualization tools to assist in monitoring aggregations and profitability analytics suited to company underwriting objectives and corporate portfolio objectives.
• Assist senior team members in preparing and formatting summaries, presentations, and reports into clear, concise deliverables of potential risk and loss results.
• Willingness to consciously strengthen relationships with internal and external partners. Take part in integration and coordination of how internal tools are developed and delivered.
• Perform ad hoc analytics for new business, catastrophe event response, rating agency and regulatory disclosures, data augmentation, and data quality scoring.

The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.

Qualifications:

• Minimum of 3 years of experience working with commercial catastrophe model Verisk. Familiarity with Moody's RMS, or KatRisk, a plus.
• Bachelor's degree in mathematics, economics, engineering, and/or related natural science.
• Experience with Microsoft SQL, additional programming knowledge beneficial (e.g., Python or R) or experience working with Alteryx.
• Some knowledge of data warehousing (e.g., Snowflake).
• Geospatial analytical experience (i.e., GIS software) is beneficial.
• Proficient in using Microsoft technology (e.g., Office 365 apps).
• Fundamental knowledge in (re)insurance industry.

Fortegra is not accepting unsolicited resumes from search firms for this position.