Catastrophe Modelling Analyst - Reinsurance

MS Amlin; London; Hybrid; GBP 55,000 - 85,000; Full time

Job summary

MS Amlin seeks a Risk Analyst for its Risk Analytics team in London. The role involves sophisticated modelling, stakeholder engagement, and compliance with regulatory standards. Candidates should possess strong analytical skills and experience in risk analytics, with a focus on collaboration and continuous improvement.

Benefits

A competitive salary and benefits package

Hybrid working environment

Support for continuous learning and study

Wellbeing and mental health support

Focus on diversity and inclusion

Qualifications

• Strong analytical skills essential for modelling output and stakeholder engagement.
• Experience in (re)insurance markets and risk analytics.
• Basic coding logic and visualisation tools knowledge desired.

Responsibilities

• Provide modelling output to support pricing processes and decision making.
• Maintain business partner relationships and assist in governance activities.
• Conduct compliance and risk management in line with company policies.

Skills

Analytical skills

Problem solving

Communication

Attention to detail

Education

Experience in risk analytics modelling

Tools

Microsoft Excel

RMS RiskLink

SQL

PowerBI

Job description

Location: London - Hybrid

Position type: Full time, permanent

The Risk Analytics team plays a vital role at MS Amlin in understanding, advising, and reporting on the level of risk being written by the business. It’s a stimulating environment where colleagues use sophisticated modelling and analytics, as well as their expertise in natural and man-made hazards, exposure, and financial terms to partner with underwriters and other stakeholders on business decisions. Outputs from the team are fundamental to determining prices, fulfilling capital requirements, and setting risk appetites.

Within Risk Analytics, the Reinsurance Catastrophe Modelling team leverages analytics to forecast and manage the outcome of catastrophe losses, to add value to stakeholder decision making and management/regulatory oversight so that MS Amlin can reach our ambitions for both profitability and customer satisfaction downstream. As a member of the team, you have an opportunity to work on challenging problems in a collaborative team, whilst developing your own knowledge and career.

About The Job

Analytics and modelling

• Provide comprehensive and thoughtful modelling output to key stakeholders throughout the pricing process.
• Assist with portfolio roll-up and other value-add modelling tasks such as supporting Senior Analysts in aiding underwriting decision-making; identify patterns and potential anomalies within data; assess and forecast risk exposure; support coordination of event response; and support on project work/initiatives as required (including support to Insurance classes).
• Peer review risks modelled by Genpact, to support and enhance underwriters’ decision-making, effectively managing risk whilst adhering to required deadlines. Review reports created by Genpact, providing oversight on their activities and offering direction based on business requirements.

Inter-business relationships

• Bring clarity, transparency, and understanding to the stakeholders of reinsurance modelling analytics.
• Be a key point of contact for underwriters and other stakeholders, with queries relating to the pricing of accounts and portfolio roll-up.
• Maintain and grow sustainable relationships with all business partners, approaching conversations with the ability to challenge and a continuous improvement mindset.
• Assist with client and broker relationships where appropriate, handling enquiries professionally and efficiently.

Reporting and Governance

• Undertake internal and external reporting activities for submissions.
• Assist Senior Analysts in designing and implementing risk management strategies, ensuring alignment with business goals.
• Support governance activities, including gathering information for decision focus.

Compliance and Risk Management

• Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate.
• Assist with ensuring that the portfolio and risks underwritten are compliant with all relevant risk, regulatory, and legal requirements, aligning with business goals.

You’re going to enjoy this job if you also…

• Are a keen learner with very strong analytical skills.
• Understand the (re)insurance Markets across the globe and the Lloyd’s Market, and how these impact our business.
• Demonstrate a high degree of attention to detail and accuracy.
• Are a strong problem solver with a focus on continuous improvement.
• Have excellent communication and collaboration skills to bridge gaps between technical and non-technical stakeholders.
• Are highly adaptable and thrive in dynamic environments to meet evolving business needs.
• Have strong time management and organizational skills.
• Are proactive in your own development and support the development of junior staff where appropriate.

What you’ll need

• Sound financial and commercial acumen.
• Risk analytics modelling experience using RMS RiskLink / RMS Risk Manager / AIR Touchstone / Touchstone Re.
• Strong Microsoft Excel skills.
• Knowledge of data management and structures.
• Basic coding logic and experience in SQL; skills in R and/or Python are desirable.
• Experience with data manipulation and visualization tools like PowerBI is desirable.
• Ability to design, operate, interpret, and communicate quantitative reports.
• Experience with DFA tools and underwriting systems is desirable.
• Knowledge of the (re)insurance industry is desirable.

What you can expect from us

• A competitive salary and benefits package.
• A great team and supportive colleagues.
• Hybrid working environment.
• Flexible working arrangements.
• Focus on diversity, inclusion, and equal opportunities.
• Wellbeing and mental health support programs.
• Continuous learning and study support.
• An open mind to new ideas and ways of doing things.

About MS Amlin

MS Amlin is part of a global top-10 insurance group, MS&AD, comprising four business segments: global reinsurance, Lloyd’s franchise, local specialty insurer, and business services.

Conduct Rules

With the implementation of the SM&CR, the FCA’s conduct rules set basic standards of good personal conduct, including acting with integrity, due care, openness with regulators, fairness to customers, and observing proper market standards.