Senior Analytics Analyst - Exposure Management

IQUW Group; City Of London; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

A leading company in the insurance sector is seeking a Senior Analytics Analyst to enhance exposure management analytics. The role focuses on geospatial analysis and requires strong programming skills in Python or R. This position offers a unique opportunity to contribute to innovative analytics in a fast-evolving environment, ensuring optimal underwriting decisions and effective risk management.

Qualifications

• Strong geospatial analysis expertise.
• Experience with large data sets and programming (Python/R).
• Understanding of catastrophe modeling.

Responsibilities

• Support development of robust geospatial analytics.
• Develop automated reporting for underwriting decisions.
• Manage and communicate catastrophe exposure across the business.

Skills

Geospatial analysis

Programming

Analytical skills

Problem-solving

Critical thinking

Tools

QGIS

ARCGIS

Python

R

Job description

Overview

Senior Analytics Analyst

Location: London

About us

IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

IQUW Group has a hybrid working model that offers flexibility while maintaining opportunities for collaboration and connection with colleagues in person.Our hybrid working model will consist of 3 days per week in the office and 2 days working remotely.

Teams can coordinate specific in-office days to support collaboration and flexibility.

The role

The Senior Analytics Analyst is a role supporting the Exposure Management Team as IQUW continues to expand its underwriting of Specialty, Commercial and Reinsurance business.

The successful candidate will be focussed on developing best-in-class analytics on our portfolios, supporting underwriting teams to make efficient use of their available capital and manage their exposures.

The role will have a specific focus on utilising the candidate’s geospatial analysis skills. This will suit an analytically minded individual with skills in coding, exposure modelling, geospatial analysis and an interest in data visualisation.

It is a unique opportunity to work in a rapidly evolving and fast-growing environment, where exposure management and analytics are at the core of our business.

We are looking for an individual who will bring a strong expertise and contribute to the development of robust and innovative analytics to drive IQUW to achieve a highly profitable and optimised portfolio.

Key responsibilities

• Support the Senior Analytics Manager in building out robust geospatial analytics and developing the Unified Exposure Framework, where IQUW are exposed, to identify key opportunities and risks. This would consist of:

• Aid in the design, implementation and maintenance of exposure frameworks, analytics and tools
• Support management and monitoring of the Group’s aggregate catastrophe exposures (natural and non-natural perils).

• Supporting the exposure management teams to ensure catastrophe exposure is well understood, measured, and clearly communicated across the business.

• Develop automated reporting capabilities to support deal-by-deal underwriting decisions, enabling strong controls and optimised use of risk appetite.
• Support the Head of Capital & Exposure Management, Senior Analytics Manager and Active Underwriter in cascading the IQUW ‘View of Risk’ into the underwriting processes and help articulate risk appetites.

• Support the delivery of regulatory exposure management reports to ensure submission requirements and deadlines are met.
• Develop analytics to inform outwards reinsurance strategy and contribute to reinsurance data submissions. This will involve representation of the portfolio via multiple alternate views of risk.
• Involvement in ad-hoc projects to continue to enhance Exposure Management capabilities throughout IQUW.

The above duties and responsibilities are not an exhaustive list, and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Qualifications, skills and experience

• Strong geospatial analysis expertise and experience e.g. in QGIS, ARCGIS or other geographic information / mapping systems.
• Strong programming skills and experience with tools to manipulate large data sets, preferably Python or R.
• Aid in the design of systems and processes (e.g., development of dashboards) to support management and monitoring of the Group’s aggregate catastrophe exposures (natural and non-natural perils).
• Experience working in a Catastrophe Modelling / Exposure Management team.
• Strong written and face to face communication skills.
• Strong knowledge of how catastrophe models work, their strengths and weaknesses, and how to draw maximum value from their results.
• Experience working with outwards reinsurance structures and how portfolio recoveries should be allocated back to source business units.

Core behavioural competencies

• Strong analytical, quantitative, problem-solving, and critical thinking skills
• Strong critical thinking skills, an ability to question assumptions and challenge proposals.
• Good written, verbal and presentation communication skills
• Ability to work collaboratively with other business units to achieve common objectives
• Organised self-starter, with drive and commitment; able to finish work with little supervision
• Excellent interpersonal skills and the ability to maintain effective working relationships

Please note this is not a Data Analyst role.