At a Glance
- Tasks: Join a leading team to analyse and improve catastrophe risk models.
- Company: Top Lloyd's syndicate and global (re)insurer with a focus on innovation.
- Benefits: Competitive salary, professional development, and impactful work opportunities.
- Other info: Collaborative environment with opportunities for career growth and influence.
- Why this job: Make a real difference in risk management and analytics for natural hazards.
- Qualifications: Experience in cat modelling, strong numerical skills, and proficiency in Excel and SQL.
The predicted salary is between 50000 - 70000 £ per year.
Description
The Role
An exciting opportunity for a Catastrophe Risk Analyst to join a leading Exposure Management team at one of Lloyd’s largest syndicates.
The successful candidate will be helping to develop and maintain cutting edge analytics across all classes of business.
This is an excellent opportunity for a candidate looking to have a material impact at a top Lloyds’ syndicate and global (re)insurer.
The role requires strong knowledge of cat models and cat processes as well as a solid understanding of the commercial insurance business.
As an analyst, the successful candidate will enjoy a close working relationship with the wider Exposure Management team and have a real opportunity to meaningfully influence the cat portfolio management process and risk selection.
Key Responsibilities
- Working with the Analytics & Research and wider exposure management team to drive improvements to view of risk (Vo R) across classes of business.
- Work with exposure management team, claims and other areas of the business to collect data to help inform Vo R improvements.
- Conduct selection and validation of new Catastrophe vendor models and products, incorporating them into Canopius Vo R and processes.
- Develop research agenda that delivers commercial value to Canopius, working closely with underwriting to assess priorities for Natural Hazard classes.
- Work with wider exposure management team to develop and maintain event response processes and to communicate event impacts to wider business.
- Develop in-house approaches to exposure management for perils/risks not covered by catastrophe models.
- Ensure Canopius meets requirements on research and view of risk for both Lloyd’s Principals and internal controls.
Skills and Experience
- Experience in a Cat Modelling role – insurance experience and RMS/Risk Modeler experience is required
- Highly numerical and strong mathematical/statistical knowledge
- Excellent business communication skills – ability to influence, negotiate, and listen
- Experience in model validation and view of risk work is highly desirable.
- Ability to manipulate large data sets with strong Excel and SQL skills.
- Strong experience using Microsoft Power BI for analytic is desirable
- Familiarity with another programming language such as VBA, . NET, R, Python
Catastrophe Risk Analyst - Natural Hazards Research in London employer: Canopius
Canopius is an excellent employer that fosters a collaborative and innovative work culture, where data governance plays a crucial role in driving the organisation's success. Employees benefit from ongoing professional development opportunities and a supportive environment that encourages growth and learning, particularly in the dynamic insurance sector. Located in a vibrant area, Canopius offers unique advantages such as flexible working arrangements and a commitment to employee well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Catastrophe Risk Analyst - Natural Hazards Research in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Canopius). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Canopius. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Catastrophe Risk Analyst - Natural Hazards Research in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Canopius.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Canopius. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Canopius
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Canopius to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Canopius, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Canopius's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
