Catastrophe Risk Analyst

Munich Re; London; On-site; GBP 30,000 - 45,000; Full time

Job summary

Munich Re is seeking a Catastrophe Risk Analyst in London to provide analytical support for exposure management and underwriting. This entry-level role involves managing complex datasets, utilizing catastrophe models, and presenting findings to underwriting teams. A background in numerate subjects is preferred, along with a desire to develop a career in insurance. Join a diverse team that emphasizes innovation and employee well-being.

Benefits

Critical illness insurance

Life Assurance

Wellbeing and Development Scheme

Support for Study and Professional Development

Qualifications

• Entry-level professional with interest in Geography.
• Proficiency in manipulating complex datasets is desired.
• Motivation to develop a career in exposure management.

Responsibilities

• Manage and manipulate large datasets using catastrophe models.
• Present catastrophe model results to underwriting teams.
• Support post-event analytics for natural and non-natural events.

Skills

Data analysis

Problem-solving

Attention to detail

Data interpretation

Education

Degree in Maths, Statistics, Engineering, Computer Science, Physics, Seismology, Atmospheric Science, or Earth and Environmental Sciences

Job description

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, supported by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, enabling them to achieve their individual goals.

We are currently seeking a Catastrophe Risk Analyst to join us full-time at our London office, reporting to the Senior Catastrophe Risk Analyst.

You will provide exposure and catastrophe analytical support to both the Exposure Management and Underwriting teams to ensure high-quality catastrophe management information that assists insurance underwriting decisions. The role involves input, assessment, and reporting of exposure management data, including regular and ad-hoc response reporting to the London Syndicate and our global distribution partners.

Responsibilities:

• Manage and manipulate large and complex datasets, utilizing accumulation and catastrophe models to understand potential catastrophe and accumulation risks for the Syndicate.
• Synthesize, present, and explain catastrophe model results to underwriting teams, investigating year-on-year changes and underlying factors.
• Operate catastrophe modeling software, including querying exposure and result databases via SQL.
• Contribute to improving exposure management practices, including automating processes where possible.
• Develop innovative analytical solutions to assist underwriting teams in quantifying catastrophe risk.
• Assess and monitor the full lifecycle of exposures from data receipt to reporting.
• Support post-event analytics and loss estimation for natural and non-natural global events.
• Assist in the validation of third-party catastrophe models.
• Support Senior Catastrophe Risk Analysts, the Catastrophe Risk Manager, and Head of Exposure Management.
• Promote good conduct to deliver optimal outcomes for customers and policyholders.
• Understand escalation procedures and responsibilities related to conduct risk at various organizational levels.

Knowledge and Skills

This role is designed for an entry-level professional, ideally with an interest in Geography.

• Interest in natural and/or man-made catastrophes.
• Proficiency in data analysis and interpreting complex datasets.
• Strong problem-solving skills, attention to detail, and the ability to process data quickly and creatively.
• Degree in a numerate or hazard-related subject (e.g., Maths, Statistics, Engineering, Computer Science, Physics, Seismology, Atmospheric Science, Earth and Environmental Sciences) or relevant industry experience.
• Motivation to develop a career in exposure management and insurance, with a willingness to obtain professional qualifications such as ACII.

Diversity, Equity & Inclusion

At Munich Re, we foster innovation and resilience through Diversity, Equity, and Inclusion, which are central to our identity. We aim to build a diverse workforce across racial, ethnic, sexual, gender, economic, geographic, physical, age, and experiential dimensions, ensuring an equitable environment where everyone can succeed.

Candidates can request reasonable adjustments at any stage of our recruitment process by contacting their Talent Acquisition representative.

Our Commitment to Sustainability and Employee Wellbeing

Our ESG strategy supports environmental, social, and governance initiatives, including community involvement and volunteering opportunities. Benefits include:

• Critical illness insurance, Life Assurance, and Permanent Health Insurance
• Wellbeing and Development Scheme, EAP, and Health Assessments (subject to eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Support for Study and Professional Development