Catastrophe Modelling Analyst

AIG Insurance; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance firm in the UK seeks a detail-oriented professional to assist in catastrophe modelling and underwriting support. The ideal candidate will hold a minimum 2:1 degree in a science or numerate field, possess strong IT skills particularly in Excel and SQL, and be analytical and numerically literate. Responsibilities include assisting underwriting teams, generating management reports, and implementing model changes. Join us for a challenging role to advance your career in insurance and reinsurance.

Qualifications

• Minimum 2:1 degree in a science or numerate subject.
• Proficient in Excel and SQL.
• Strong analytical skills with attention to detail.
• Ability to work independently as well as part of a team.

Responsibilities

• Assist in the efficient management of the business focusing on pricing and support.
• Help underwriters understand cat model output.
• Generate internal management information for catastrophe exposures.
• Conduct the quarterly modelling process.
• Keep abreast of developments in catastrophe modelling and implement changes.

Skills

Strong IT skills

Attention to detail

Analytical / numerically literate

Good problem-solving skills

Strong communication skills

Ability to multi-task

Teamwork

Independence

Education

Science/Numerate degree (minimum 2:1)

Tools

Excel

SQL

Job description

Responsibilities

• To assist generally in the efficient running and management of the business, with particular focus on pricing and underwriter support.
• To advance a greater awareness and understanding of the catastrophe models within the underwriting teams and the rest of the business.
• To liaise closely with the Research team to ensure that a consistent approach to cat modelling is taken across the group.
• To help ensure the framework within which third‑party catastrophe models are operated is robust.
• To help to achieve minimum standards of data capture.
• To help the Catastrophe Modelling team achieve its goals, with particular emphasis on the following areas: Risk Capture/Pricing – Insurance Classes
• To perform individual submission catastrophe modelling using third‑party catastrophe models ensuring data checks around accuracy and timeliness are completed to a high standard.
• To help underwriters understand and use the cat model output appropriately.
• To peer review pricing outputs produced by the team both in London and from our third‑party outsourcing team generally ensuring data deliverables are accurate.
• To help advance the use of pricing models and to test, approve and communicate any new functionality.
• To liaise with internal and external data teams to ensure all modelled policies are captured, that the data is up to date, and data interpretations are accurate.
• To maintain the portfolio, taking into account new, renewed, and expired policies.

Internal and External reporting

• Generate internal management information including EP reports for the insurance and reinsurance classes to help with the internal monitoring of catastrophe exposures.
• To help conduct the quarterly modelling process which is used as the basis for the RDS returns, capital, reinsurance and other key external reports.
• To help generate model results and peripheral data for the Lloyd's Cat Model (LCM) return.
• To analyse Talbot's exposures and model results for other regulatory bodies and reinsurance markets as required.

Model Investigation and Implementation

• To keep abreast of all developments in the catastrophe modelling field and to conduct appropriate research, in close co‑operation with the Research team.
• To assist in developing a more robust view of the models and components through analysis of catastrophe modelling data and back testing.
• To help assess the impact of any model changes on Talbot's accounts.
• To help implement model changes in a robust manner.

Qualifications

• Science/Numerate degree (minimum 2:1)
• Strong IT skills especially Excel and SQL
• Attention to detail
• Analytical / numerically literate
• Good problem‑solving skills
• Able to work as part of a team or independently
• Strong communication skills both written and oral
• Ability to multi‑task and prioritise with limited guidance

Ready to take your career to the next level? We would love to hear from you.

Talbot is an international insurer and reinsurer operating within the Lloyd's market through Syndicates 1183 and 2019. We have been part of AIG since 2018 and our ambition is to be AIG's Centre of Excellence at Lloyd's.