Catastrophe Modelling Portfolio Lead - Marine

Westfield Specialty; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading company in property and casualty insurance seeks a Marine Cat Modelling expert to enhance risk selection and portfolio growth. The role involves managing modelling processes, ensuring data quality, and driving efficiencies through technology. Join a dynamic team focused on delivering superior risk insights and innovative solutions.

Qualifications

• Experience in Marine Cat modelling/data capture processes.
• Ability to manage outsourcing partners.

Responsibilities

• Owning end-to-end Marine Cat modelling/data capture processes.
• Driving process efficiencies by embedding technology, notably Terra.
• Producing the monthly modelled rollup for Marine product lines.

Skills

Data Analysis

Risk Management

Communication

Tools

Terra

Job description

About Us

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd’s of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

Job Role and Responsibilities

The role involves ensuring key Marine deliverables are met, providing accurate Marine Pro Forma for business planning, aligning Westfield modelling geographies, building relationships with Apex and EM teams, engaging with Marine stakeholders, improving risk selection and portfolio constitution with underwriting leaders, delivering underwriting goals, communicating the Risk Analytics strategy, and assisting in selecting third-party models.

Key responsibilities will include:

• Owning end-to-end Marine Cat modelling/data capture processes, maintaining up-to-date documentation.
• Directing Cat Modelling activity across Marine product lines, in line with business priorities.
• Ensuring Marine exposure data standards are well understood by Underwriting and actively monitored.
• Reporting and making data quality recommendations, highlighting areas for improvement within Marine.
• Driving process efficiencies by embedding technology, notably Terra, within Marine.
• Maintaining an appropriate level of modelling resources, both internal and external, to support Marine.
• Managing outsourcing partners to operate in line with Westfield’s internal standards.
• Contributing to a Marine strategic roadmap, ensuring profitable portfolio growth and optimisation.
• Aligning processes with Westfield best practices (R&D) and exceeding Lloyd’s minimum standards.
• Making risk level recommendations to drive Underwriting margin within Marine classes.
• Producing the monthly modelled rollup for Marine product lines.
• Producing the modelled Pro Forma for Marine product lines.
• Supporting other Westfield S1200 portfolios as necessary.
• Ensuring excellent Cat modelling service levels and accuracy for Marine.
• Researching non-modelled marine scenarios and recommending effective Exposure Management strategies.
• Developing rollup reporting frameworks for non-modelled marine and liability exposures.