Catastrophe Risk Analyst

Berkshire Hathaway Specialty Insurance; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company in London seeks a Catastrophe Risk Analyst to join their Catastrophe Engineering and Analytics team. This role involves evaluating catastrophe risks, developing pricing metrics, and analyzing various data sources. Ideal candidates will have a degree in a relevant field, with 1-3 years of experience and strong analytical skills. You will be working in a dynamic environment that values teamwork and innovation. A competitive salary and growth opportunities are offered.

Benefits

Competitive package

Growth opportunities

Dynamic work environment

Qualifications

• 1-3 years of industry experience is preferred.
• Advanced knowledge of probability theory, statistics, and data science.
• Practical experience in insurance or catastrophe model development.

Responsibilities

• Utilize catastrophe models to evaluate quotes for various risks.
• Analyze data from claims, hazard models, and geospatial sources.
• Develop innovative solutions impacting underwriting decisions.

Skills

Probability theory

Statistics

Data science

Communication skills

Programming (Python, R, MATLAB, SQL, GIS)

Education

B.S. or M.S. in civil engineering, atmospheric science, earth science, actuarial science, mathematics, or related field

Job description

Who are we?

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity:

BHSI is seeking a technically minded and passionate Catastrophe Risk Analyst with a background in engineering or science to join our Catastrophe Engineering and Analytics (CAT E&A) team. CAT E&A is an innovative and versatile technical team that conducts CAT-risk evaluations for traditional and parametric insurance solutions, develops independent risk models, and provides quantitative loss metrics to inform underwriting decisions. This opportunity is in our London/European offices.

Duties & Responsibilities:

• Utilizing proprietary and market catastrophe models to evaluate and develop insights for a diverse range of requests for quotes for catastrophe risks such as, but not limited to, earthquakes, tropical cyclones, severe convective storms, floods, wildfires, cyber attacks etc.


• Structure and evaluate technical pricing metrics for parametric insurance solutions (FastCAT) for catastrophe risks


• Analyze and collect data sets from claims, insurance quotes, hazard models, structural analysis, geospatial sources, and various other public/proprietary datasets to help build catastrophe models and an understanding of structuring and pricing decisions


• Develop and maintain expertise in catastrophe modelling and data science techniques, and their application to understanding risk


• Work with domain experts across teams and perils to enhance our use of available data


• Propose and execute innovative solutions to insurance problems that directly impact BHSI underwriting decisions

Qualifications, Skills and Experience:

• B.S. or M.S. (preferred) in civil engineering, atmospheric science, earth science, actuarial science, mathematics, data science, or a related field


• 1-3 years of industry experience is preferred


• Advanced knowledge of probability theory, statistics, data science


• Practical experience in insurance, catastrophe model development, infrastructure or community resilience, and/or exposure data collection


• Experience applying probability and statistical techniques to structural performance, natural catastrophe hazard, building exposure data, or insurance claims data


• Strong written and verbal communication skills


• Strong programming skills (Python, R, MATLAB, SQL, GIS preferred)


• Highly motivated, detail oriented, and team player

BHSI Offers:

• A company with a truly unique opportunity and value proposition in the marketplace.


• A competitive package and exciting growth opportunities for career-oriented teammates


• A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates and our other stakeholders


• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework

To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to [e-mail]

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization