At a Glance
- Tasks: Lead catastrophe modelling and provide insights for risk management across global insurance platforms.
- Company: Join AIG, a global leader in insurance with a focus on innovation.
- Benefits: Comprehensive benefits package including health, wellness, and professional development opportunities.
- Other info: Dynamic work environment with opportunities for growth and collaboration across global teams.
- Why this job: Make a real impact in catastrophe risk management while advancing your career.
- Qualifications: 4+ years in catastrophe modelling, strong analytical skills, and excellent SQL knowledge.
The predicted salary is between 60000 - 80000 £ per year.
Join us as a Senior Catastrophe Risk Analyst to take your career to the next level with a global market leader.
Make Your Mark in Cat Risk Management
The UK Catastrophe Risk Management team is responsible for catastrophe modelling and portfolio exposure management for AIG’s UK, EMEA, LAC, and Global Specialty Insurance platforms. Effective Catastrophe Management is integral to the success of the business and our catastrophe modelers play a critical role in managing our global risk appetite. Day‑to‑day pricing and portfolio roll‑up is carried out at our Centre of Excellence (CoE) in Bangalore, India. The UK Catastrophe Risk Management team is part of a wider Global Underwriting Analytics team with members located across the US, London, and Singapore.
How You Will Create An Impact
The primary responsibility for this role is to lead catastrophe modelling for select UK, EMEA, and LAC businesses. This technically proficient catastrophe modeler will build strong relationships with underwriters and underwriting portfolio managers, and provide core competencies in catastrophe portfolio modelling while contributing to wider analytics strategies including business planning, portfolio optimisation, and technical tool development.
Key Responsibilities
- Develop catastrophe modelling processes, business partnering relationships, and portfolio management reporting for select Commercial Lines and Specialty businesses in the UK, EMEA, and LAC regions.
- Design highly digitised and automated processing and reporting frameworks, and provide advice and data‑driven insights that support Underwriting and Portfolio Management.
- Lead quarterly portfolio roll‑up and reporting operations for the above businesses.
- Work closely with underwriting, actuarial, claims, and other functions, integrating catastrophe modelling insights into day‑to‑day business and portfolio optimisation strategies.
- Carry out other modelling business activities including event response, business planning, budgeting, profit studies, portfolio optimisation, reinsurance purchasing, and other exercises where catastrophe risk inputs are required.
- Support internal partners as needed to respond to rating agency surveys, regulatory filing, data calls and other ad‑hoc reporting.
- Act as a best‑practice expert for Underwriting Teams, the CoE, and operational groups across the company, reviewing and proposing new or improved systems, processes, and strategies.
- Continuously engage with the wider Catastrophe Risk Management & Underwriting Analytics teams, supporting ad‑hoc analytics projects and contributing to wider analytics initiatives.
What You’ll Need to Succeed
- 4+ years of catastrophe portfolio modelling experience, preferably using RMS and/or AIR.
- Excellent analytical and problem‑solving skills.
- A strong understanding of property insurance and reinsurance.
- Deep knowledge of catastrophe models, including their numerical methods and science.
- Excellent SQL skills and an understanding of the RMS back‑end schema.
- Experience with process and reporting automation in Excel.
- Ability to communicate technical concepts in a non‑technical manner to a wide range of audiences.
- Ability to work independently and manage multiple deliverables with competing priorities.
Benefits
At AIG, our Total Rewards Program offers a comprehensive benefits package focused on health, wellbeing, financial security, and professional development. Benefits include health and wellness programs, insurance, retirement plans, paid time off, and numerous incentives for individual and team performance.
Equal Opportunity & Accommodation
AIG provides equal opportunity to all qualified individuals regardless of race, colour, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.
Senior Catastrophe Risk Analyst employer: AIG
AIG is an exceptional employer that prioritises employee growth and development within a dynamic work culture. As a Senior Catastrophe Risk Analyst, you will benefit from a comprehensive rewards programme that includes health and wellness initiatives, retirement plans, and opportunities for professional advancement. Located in Bangalore, India, our Centre of Excellence fosters collaboration with global teams, ensuring that your contributions have a meaningful impact on catastrophe risk management across multiple regions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Catastrophe Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working at AIG or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for those interviews by brushing up on your technical skills. Make sure you can confidently discuss catastrophe modelling and your experience with tools like RMS and AIR. We want to see you shine!
✨Tip Number 3
Showcase your problem-solving skills! Be ready to share examples of how you've tackled complex issues in past roles. This is your chance to demonstrate your analytical prowess and how it can benefit AIG.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Catastrophe Risk Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Catastrophe Risk Analyst role. Highlight your experience with catastrophe modelling and any relevant skills like SQL or automation in Excel. We want to see how you can make an impact!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about catastrophe risk management and how your background aligns with our needs. Keep it engaging and personal – we love a good story!
Showcase Your Analytical Skills:Since this role requires excellent analytical and problem-solving skills, be sure to include specific examples of how you've used these skills in past roles. We want to know how you tackle challenges and provide data-driven insights.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us. Plus, we love seeing candidates who take that extra step!
How to prepare for a job interview at AIG
✨Know Your Catastrophe Models
Make sure you brush up on your knowledge of catastrophe models, especially RMS and AIR. Be ready to discuss their numerical methods and how they apply to property insurance and reinsurance. This will show that you’re not just familiar with the concepts but can also engage in technical discussions.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and problem-solving skills with real-world examples. Think of situations where you've successfully tackled complex issues using data-driven insights. This will help the interviewers see your practical application of these skills in a catastrophe risk context.
✨Communicate Clearly
Since you'll need to explain technical concepts to non-technical audiences, practice simplifying complex ideas. Use clear, straightforward language when discussing your past experiences or projects. This will highlight your ability to bridge the gap between technical and non-technical teams.
✨Be Ready for Scenario Questions
Expect scenario-based questions that assess your decision-making and prioritisation skills. Prepare by thinking through potential challenges you might face in the role and how you would approach them. This will demonstrate your readiness to handle the responsibilities of a Senior Catastrophe Risk Analyst.
