Impactful Underwriting Risk Strategist

Markel; Greater London; On-site; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Annual bonus

25 days holiday + Bank Holidays

Pension scheme

Private medical and dental cover

Job summary

Markel is seeking an Underwriting Risk Analyst to join the USP team at Markel International. You will help shape risk appetite, monitor volatility, and support profitable portfolio growth across diverse insurance classes. The role offers exposure to underwriting risk, governance forums, and cross-team collaboration.

You will develop scenarios, perform stress tests, and provide timely analyses to guide decision-making, reporting, and risk management across underwriting divisions.

Qualifications

• Curious, analytical and passionate about understanding risk.
• Strong analytical, problem-solving and organisational skills.
• Ability to work independently on complex analysis while managing multiple priorities.
• Excellent communication and stakeholder management.
• Advanced Microsoft Office skills and experience using reporting, analytics or BI tools.
• Knowledge of catastrophe modelling, exposure management or broader underwriting risk tools, techniques and best practices.
• Progress towards, or interest in pursuing, relevant insurance or risk management qualifications would be beneficial.

Responsibilities

• Support the Head of Underwriting Risk and the International CUO develop and own the company’s appetite for volatility around the business plan combined ratio.
• Provide analysis and reporting to help identify sources of volatility, including natural and non-natural perils and emerging risks.
• Monitor portfolio trends and risk indicators, highlighting areas requiring management attention and support live event response reporting.
• Develop scenarios, stress tests and risk assessments to support underwriting decision-making.
• Prepare analysis and materials for the Underwriting Risk Group and related governance forums.
• Work collaboratively with Exposure Management, Actuarial, Risk Management, Reinsurance and Underwriting teams.
• Be aware of, and provide analysis on, the specific and systemic risks to Markel International's product portfolio including the impact of external political, economic, social and technological trends that may affect levels of risk.
• Promote a culture of risk awareness and transparent reporting across underwriting divisions.
• Continuously improve Markel’s best practices in underwriting risk management, using developments both within and outside the insurance industry

Skills

Analytical thinking

Problem solving

Communication

Stakeholder management

Advanced Microsoft Office

Reporting/BI tools

Catastrophe modelling knowledge

Tools

Catastrophe modelling

Exposure management

Job description

Markel is seeking an Underwriting Risk Analyst to join the USP team at Markel International. You will help shape risk appetite, monitor volatility, and support profitable portfolio growth across diverse insurance classes. The role offers exposure to underwriting risk, governance forums, and cross-team collaboration.

You will develop scenarios, perform stress tests, and provide timely analyses to guide decision-making, reporting, and risk management across underwriting divisions.