Senior Catastrophe Risk Analyst

Munich Re; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Senior Catastrophe Risk Analyst to join their London team. This role offers a unique opportunity to assess and quantify a wide range of catastrophe risks, contributing to innovative modelling practices and enhancing corporate understanding of these risks. The ideal candidate will possess strong analytical skills and proficiency in catastrophe modelling software. This position not only allows for professional growth but also plays a crucial role in shaping the future of risk assessment within the organization. If you're ready to take your career to the next level in a supportive environment, this is the perfect opportunity for you.

Benefits

Critical illness insurance

Life Assurance

Permanent Health Insurance

Wellbeing and Development Scheme

Electric Vehicle Salary Sacrifice Scheme

Study & Professional Development Support

Qualifications

• Experience in catastrophe modelling and risk assessment.
• Strong analytical skills to interpret complex data.

Responsibilities

• Assess and quantify natural and non-natural catastrophe risks.
• Support the Catastrophe Risk Manager in project work.
• Collaborate with teams for data validation and risk assessments.

Skills

Catastrophe Modelling Software (RMS, AIR)

Statistical Analysis Tools (R, Python)

Analytical Skills

Problem-Solving Skills

Data Visualization

Collaboration

Education

Bachelor's Degree in a relevant field

Professional Development in Catastrophe Modelling

Tools

RMS

AIR

R

Python

Job description

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned 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, allowing them to achieve their individual goals.

We are currently looking for a Senior Catastrophe Risk Analyst to be based in London on a full-time basis, reporting into the Group Head of Exposure Management.

We are seeking an experienced Catastrophe Modelling Analyst looking to take the next step in their career to join our team at Munich Re. As a Senior Catastrophe Risk Analyst you will play a crucial role in assessing and quantifying natural and non-natural catastrophe risks across a broad range of specialty classes. The role intends to be the first position towards an internal research and development function within Exposure Management. This function will cover topics such as climate change research, model validation, claims back-testing and calibration, tool development, scenario design & deployment, emerging risks, portfolio optimisation and event response. You will be responsible for developing and implementing these modelling practices under the leadership of the Catastrophe Risk Manager to enhance our corporate understanding of these risks and contribute to thought leadership in the field.

Responsibilities:

• Support the Catastrophe Risk Manager leading tailored project work across our specialty classes of business (Marine, Property, Casualty, Green Energy) in the context of natural and non-natural catastrophe.
• Provide real-time reporting and analysis of natural and non-natural disasters and support post-event loss estimation processes.
• Enhance current practices of data visualisation and management information through reporting and dashboard creation.
• Assist the Catastrophe Risk Manager in developing a continuous appraisal of model validation and model calibration cycles demonstrating good governance and auditable process.
• Review, develop and implement emerging modelling practices to improve model completeness and modelling gap.
• Collaborate with cross-functional teams to gather data, validate models, and ensure the accuracy of catastrophe risk assessments.
• Stay up-to-date with the latest industry trends and emerging risks, and provide thought leadership on best practices in catastrophe modelling.
• Lead scenario development exercises to assess the potential impact of various risk scenarios on our portfolios of business.
• Lead ad hoc project work, model validation and process design.
• Liaise and share expert knowledge with other Munich Re business units regarding Catastrophe Modelling resources and skills.
• Collaborate with underwriters and other stakeholders to provide insights and recommendations on risk selection, pricing and portfolio management.
• Mentor and provide guidance to junior analysts, fostering a culture of continuous learning and development within the team.
• Present findings and recommendations to senior management and external stakeholders, including reinsurers and regulators.
• Build and maintain strong relationships with divisional underwriters to assist and support new underwriting opportunities and products.

Knowledge and Skills

• Strong proficiency in using catastrophe modelling software, such as RMS or AIR, and statistical analysis tools (such as R or Python).
• Experience in developing and implementing emerging modelling practices for catastrophe risk assessment.
• Excellent analytical and problem-solving skills, with the ability to interpret complex data and communicate insights effectively.
• Ability to work collaboratively in a team environment and build effective relationships with stakeholders at various levels.

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

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