Catastrophe Modelling Analyst

IGI - International General Insurance Co. Ltd.; Greater London; On-site; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Verisk training

Job summary

IGI - International General Insurance Co. Ltd. is seeking a motivated actuarial candidate to assist in catastrophe modelling, exposure management and reporting. You will contribute to monthly Cat exposure roll-ups, data capture and model development alongside a global team.

The role offers exposure to Verisk tools and SQL scripting, with development opportunities in cat modelling methodologies and analytics within a leading international insurer.

Qualifications

• Degree in a scientific or mathematical discipline is required.
• Familiarity with Cat modelling concepts and verbal/written communication skills.
• Interest in insurance and natural hazards with data analysis ability.

Responsibilities

• Assist the Cat Manager with monthly roll-ups of cat exposure and modelling reports.
• Support end-to-end Cat modelling workflows and data capture.
• Develop knowledge of Cat modelling methodologies and Verisk models.
• Capture risks in the Cat model and support the Amman-office workflow.

Skills

Cat modelling

SQL

Python

Power BI

Verisk Touchstone

Excel

Communication

Education

Science/Mathematics/Statistics degree

Tools

Verisk Touchstone

Job description

Job Summary

This role is part of the Actuarial function, which covers exposure, capital, pricing, and reserving under the Group Chief Actuary. You will assist the Cat Manager (within exposure management) in capturing and modelling Cat exposures. The position involves supporting the end-to-end Cat modelling process, including data capture, pre-underwriting catastrophe analytics, portfolio aggregation and monitoring, and internal reporting.

Development Opportunities:

• First hand exposure to cat modelling workflows, methodologies, analytics and exposure management.
• Insight into how cat modelling supports business strategy and risk management.
• Mentorship and informal learning from experienced professionals.

Job Description

Company Description

IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers.

Key Responsibilities

• Assist the Cat Manager in the monthly roll-up process, including supporting the production of Cat exposure and modelling reports for all relevant peril regions.
• Contribute to projects that facilitate the internal cat modelling workflows.
• Develop a strong knowledge of Cat modelling methodologies, Verisk models and modelling results.
• Assist in capturing risks in the Cat model, particularly during periods where the Amman office is not available.
• Support the wider Exposure team (based in Amman) in modelling catastrophe exposures and understanding modelled loss estimates.
• Clearly communicate insights, findings, and recommendation to various stakeholders.
• Maintain and enhance the Cat exposure modelling process.
• Support the delivery of event response reports to the business.
• Become familiar with Verisk database data and learn to write SQL scripts.

Key Attributes & Professional Qualifications

Essential:

• A degree in Science, Mathematics, Statistics, Engineering, or a related discipline.
• Strong interest in insurance and natural hazards.
• Strong technical problem-solving skills and the ability to interpret exposure and loss metrics.
• Familiarity with insurance and reinsurance terminology.
• Eagerness to learn through observation and discussion.
• Good communication and interpersonal skills.
• Solid foundation in mathematics, probability, and statistical analysis.
• Proficiency in Microsoft Suite, with strong skills in Excel.

Desirable:

• Experience with SQL and data visualisation tools such as Power BI.
• Knowledge of at least one programming language (e.g. R, Python, VBA)
• Proficiency in Verisk Touchstone.
• Knowledge of Cat modelling methodologies

Conduct Rules

SMCR was introduced by the Financial Conduct Authority (FCA), includes a set of Conduct Rules that apply to most employees in UK financial services firms. These rules aim to improve individual accountability and promote a healthy culture across the industry.

Individual Conduct Rules

These are the core five rules that apply to all employees

• Act with integrity
• Act with due skill, care and diligence
• Be open and cooperative with the FCA, PRA, and other regulators
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standards of market conduct