Senior Underwriting Risk Analyst

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

Benefits offered by this job

Annual bonus

Pension scheme

Private medical and dental cover

Life assurance

Travel insurance cover

Season ticket loan

Job summary

Markel is seeking an Underwriting Risk Analyst to join the Underwriting Strategy & Performance team in London. You will help shape risk appetite, monitor volatility, and support profitable portfolio growth across Markel International, collaborating with underwriting, actuarial, and risk teams.

You’ll develop scenarios, stress tests and risk assessments to inform decision-making while contributing to governance forums and best practice improvements in underwriting risk management.

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 business intelligence tools.
• Knowledge of catastrophe modelling, exposure management or broader underwriting risk tools, techniques and best practices.

Responsibilities

• Support the Head of Underwriting Risk and the International CUO develop and own the appetite for volatility around the business plan combined ratio.
• Provide analysis and reporting to identify sources of volatility, including natural and non-natural perils and emerging risks.
• Monitor portfolio trends and risk indicators, highlighting areas requiring management attention.

Skills

Analytical

Problem-solving

Stakeholder management

MS Office

BI tools

Cat modelling

Underwriting

Tools

Cat modelling

Exposure management

Actuarial software

BI tools

Job description

Are you looking for a career where you can make a real impact?

At Markel, we believe what we do matters. Insurance is more than a policy; it's a promise that enables individuals and businesses to move forward with confidence. We are proud of our people-first culture, our entrepreneurial approach, and our commitment to finding solutions to complex risks.

As we continue to grow, we are looking for an Underwriting Risk Analyst to join our Underwriting Strategy & Performance (USP) team. This is an exciting opportunity to work at the centre of underwriting decision-making, helping shape risk appetite, identify emerging exposures, and support profitable portfolio growth across Markel International.

What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

Join us and play your part in something special!

The opportunity

The Underwriting Strategy & Performance (USP) team exists to enable profitable underwriting by supporting strong decision-making, portfolio optimisation and effective governance. We work in partnership with underwriting teams and business leaders to provide insight, challenge and oversight.

Our team brings together expertise across underwriting performance, underwriting risk, technical underwriting, wordings, reinsurance and underwriting oversight.

The Underwriting Risk Analyst will support the development, monitoring and management of underwriting risk across Markel International. Working closely with underwriting, actuarial, exposure management, reinsurance and enterprise risk teams, you will provide insight and analysis that helps the business understand and manage volatility, accumulation risk and emerging threats.

This role offers a unique opportunity to gain exposure to a broad range of insurance classes and strategic underwriting decisions while contributing to the continued development of Markel's underwriting risk framework.

What you'll be doing

• 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 such 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

Our must-haves

• We are looking for someone who is curious, analytical and passionate about understanding risk.
• Strong analytical, problem-solving and organisational skills.
• The 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 business intelligence tools.
• Knowledge of catastrophe modelling, exposure management or broader underwriting risk tools, techniques and best practices.
• A sound understanding of insurance and reinsurance principles.
• Progress towards, or interest in pursuing, relevant insurance or risk management qualifications would be beneficial, though not essential. Study support may be available.

Who we are

Markel Group (NYSE - MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

We're all about people | We win together | We strive for better | We enjoy the everyday | We think further

What's in it for you

• A great starting salary plus annual bonus & strong benefits package.
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
• There are countless opportunities to learn new sk