At a Glance
- Tasks: Underwrite complex parametric insurance solutions and manage key accounts for sustainable profitability.
- Company: Join AXA Climate, a leader in innovative insurance solutions.
- Benefits: Flexible working, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with opportunities to mentor and lead.
- Why this job: Make a real impact on climate risk solutions while developing your expertise.
- Qualifications: 5-10 years in underwriting or risk analysis with strong analytical skills.
The predicted salary is between 70000 - 90000 € per year.
Location: Flexible
Key Responsibilities
- Underwrite and structure complex parametric insurance solutions covering natural catastrophe, weather, energy and agricultural risks.
- Set underwriting terms including pricing, limits, triggers, wordings and coverage structures, aligned with AXA Climate’s risk appetite and underwriting guidelines.
- Act as underwriting owner for key and complex accounts, ensuring disciplined risk selection and sustainable profitability.
- Manage and optimise the underwriting portfolio to deliver profitable growth in line with annual business plans.
- Support facultative reinsurance (FAC) placement and structuring in collaboration with the Reinsurance Domain Lead.
Governance, Quality & Technical Leadership
- Lead the 4‑eye underwriting review process, providing high‑quality, experience‑based feedback on complex cases.
- Act as a technical mentor for junior underwriters through coaching, case reviews and knowledge sharing.
- Ensure strong underwriting governance, compliance and consistency across the UK & APAC portfolio.
Broker, Client & Market Engagement
- Represent AXA Climate with brokers, clients and partners.
- Present and explain parametric insurance products and structures, including coverage design, pricing logic and claims mechanisms.
- Lead discussions on contractual terms, policy issuance and claims support, working with capacity providers and partners.
- Provide market insight on competitive landscape, client needs and emerging climate risk trends.
Market Development & Collaboration
- Work closely with domain leads to expand AXA Climate’s market presence and broker relationships.
- Build strong internal partnerships with AXA XL and wider AXA Group stakeholders.
- Collaborate with product, analytics and commercial teams to co‑develop innovative parametric solutions addressing evolving climate risks.
Candidate Profile
- 5 to 10 years’ experience in underwriting, risk analysis or actuarial roles, ideally with exposure to climate risk, weather risk, natural catastrophe and or parametric insurance.
- Experience providing technical oversight, mentoring or informal leadership is advantageous.
- Strong academic background in a quantitative or scientific discipline such as engineering, actuarial science, meteorology or statistics.
- Strong analytical skills with sound technical judgement and decision making capability.
- Confident communicator with the ability to collaborate effectively in an international, fast paced environment.
Senior Parametric Underwriter in London employer: Climate
AXA Climate is an exceptional employer that fosters a dynamic and inclusive work culture, offering flexible working arrangements to support a healthy work-life balance. With a strong emphasis on employee growth, we provide opportunities for mentorship and professional development, ensuring our team members thrive in their careers while tackling meaningful challenges in climate risk and parametric insurance. Join us to be part of a forward-thinking organisation that values innovation and collaboration, making a real impact in the world.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Parametric Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or at events. We can’t stress enough how important it is to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by researching the company and its products. We recommend practising your responses to common questions, especially those related to parametric insurance and climate risks.
✨Tip Number 3
Showcase your expertise! Bring examples of your past work to interviews, especially those that highlight your analytical skills and experience in underwriting. We want to see how you can add value!
✨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 are proactive about their job search.
We think you need these skills to ace Senior Parametric Underwriter in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the key responsibilities and skills mentioned in the job description. Highlight your experience in underwriting, risk analysis, and any relevant technical oversight you've provided. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about parametric insurance and how your experience makes you a great fit for the role. Don't forget to mention your understanding of climate risks and how you can contribute to our team at AXA Climate.
Showcase Your Analytical Skills:Since strong analytical skills are crucial for this role, make sure to include examples of how you've used these skills in past positions. Whether it's through data analysis or decision-making, we want to see your thought process and how you tackle complex problems.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us that you’re proactive and keen to join our team!
How to prepare for a job interview at Climate
✨Know Your Parametric Insurance Inside Out
Make sure you brush up on your knowledge of parametric insurance solutions, especially in relation to natural catastrophes and climate risks. Be prepared to discuss specific examples of how you've underwritten complex cases and the thought process behind your pricing and coverage decisions.
✨Showcase Your Analytical Skills
Since this role requires strong analytical skills, be ready to demonstrate your decision-making capabilities. Bring along examples of past projects where your analytical judgement made a significant impact, and explain how you approached risk analysis in those situations.
✨Prepare for Technical Questions
Expect technical questions that assess your understanding of underwriting governance and compliance. Familiarise yourself with AXA Climate’s risk appetite and guidelines, and think about how you would apply these in real-world scenarios during the interview.
✨Engage with Market Insights
Be prepared to discuss current trends in climate risk and how they affect parametric insurance. Show that you’re not just knowledgeable about the products but also aware of the competitive landscape and client needs. This will demonstrate your proactive approach to market development.
