Catastrophe Risk Analyst

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

Job summary

A leading insurance provider in London is seeking a Catastrophe Risk Analyst to provide analytical support to underwriting teams. The role involves managing large datasets, operating catastrophe modeling software, and driving improvements in exposure management. Ideal candidates will possess a degree in a numerical or hazard-related field and demonstrate strong data analytical skills in an insurance context.

Benefits

Critical illness insurance

Life Assurance

Wellbeing and Development Scheme

Electric Vehicle Salary Sacrifice Scheme

Support for study and professional development

Qualifications

• Entry-level role with interest in Geography or related fields.
• Motivated to pursue a career in exposure management and insurance.
• Willingness to obtain ACII professional qualifications.

Responsibilities

• Manage and analyze complex datasets using catastrophe models.
• Present catastrophe model results to underwriting teams.
• Automate exposure management processes and improve practices.

Skills

Data analysis

Problem solving

Attention to detail

Creative 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 on a full-time basis at our London office, reporting to the Senior Catastrophe Risk Analyst.

You will provide exposure and catastrophe analytical support to the Exposure Management and Underwriting teams to ensure high-quality catastrophe management information, aiding insurance underwriting decisions. This role involves the input, assessment, and reporting of exposure management data, including regular and ad-hoc response reports 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.
• Present and explain catastrophe model results to underwriting teams, analyzing year-on-year changes and underlying factors.
• Operate catastrophe modeling software, including SQL interrogation of exposure and result databases.
• Contribute to improving exposure management practices, including automating processes where possible.
• Develop innovative analytical solutions to support underwriting in quantifying catastrophe risk.
• Oversee the full lifecycle of exposures, from data receipt through assessment and reporting.
• Support post-event analytics and loss estimation for natural and non-natural global events.
• Assist in validating third-party catastrophe models.
• Support Senior Catastrophe Risk Analysts, the Catastrophe Risk Manager, and the Head of Exposure Management.
• Promote good conduct to deliver optimal outcomes for customers and policyholders.
• Understand escalation procedures and the responsibilities of governance groups such as PCRSG, UCSC, ExCo, and the Board regarding Conduct Risk.

Knowledge and Skills

This entry-level role is suited for someone passionate about Geography or related fields.

• Interest in natural and/or man-made catastrophes.
• Proficiency in data analysis and interpreting complex datasets.
• Strong problem-solving skills, meticulous attention to detail, and creative data interpretation abilities.
• 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 pursue a career in exposure management and insurance, with a willingness to obtain professional qualifications such as ACII.

Diversity, Equity & Inclusion

At Munich Re, we believe diversity, equity, and inclusion foster innovation and resilience. We aim to build a workforce representing diverse racial, ethnic, sexual, gender identities, backgrounds, abilities, ages, experiences, and beliefs. We are committed to creating an equitable and inclusive environment where all diversity is celebrated and individuals have equal opportunities to succeed.

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

Our Commitment to Sustainability and Employee Wellbeing

Our ESG approach is driven by our goal to seize business opportunities and foster an inclusive, sustainable work environment. Our initiatives include community support, volunteering, and various employee wellbeing programs such as:

• 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