At a Glance
- Tasks: Analyse catastrophe models and support underwriting decisions across various business lines.
- Company: Join Sompo, a global leader in insurance with a collaborative culture.
- Benefits: Enjoy competitive pay, health benefits, tuition reimbursement, and a supportive work environment.
- Other info: Diverse workplace with opportunities for growth and professional development.
- Why this job: Make a real impact in the insurance industry while developing your skills in a dynamic team.
- Qualifications: Experience in catastrophe modelling and proficiency in SQL and VBA required.
The predicted salary is between 49500 - 60500 £ per year.
Are you looking for your next opportunity? Sompo has a unique opportunity for a Catastrophe Modelling Analyst in our Catastrophe Modelling team. The Catastrophe Modelling Analyst provides an excellent opportunity for the candidate to develop their knowledge and understanding of Catastrophe Modelling within an insurance operation across multiple lines of business while working closely with underwriting teams across London, Europe and APAC platforms by providing analytics to support underwriting decisions.
Location: This position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.
What you’ll be doing:
- Pre-modelling of underwriting submissions for Property, Energy, Marine and any other lines as per business needs
- Assisting portfolio reporting – preparation and management of risk modelling ready for monthly roll up process across multiple lines of business
- Regulatory returns
- Ad hoc projects as required
- Ability to understand and communicate technical concepts
- Understand and interpret slips to ascertain key modelling assumptions, and ensure completeness of data, liaising with brokers and other parties to supplement where necessary
What you’ll bring:
- Experience in cat modelling, preferably in an Insurance environment
- Experience and knowledge of the RMS detailed loss modelling platform
- Competent in SQL and VBA with proven experience of building reporting tools
- Knowledge of GIS tools an advantage
- Strong numerical data handling and analysis skills
- Ability to understand and communicate technical concepts
- Ability to work effectively individually and as part of a team
- Strong verbal and written communication skills – position requires interaction with numerous employees on all platforms of business
At Sompo, we recognise that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance. We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.
Benefits we offer:
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
Who we are and what we stand for:
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.
Catastrophe Modelling Analyst in London employer: Endurance Business Services
Sompo is an exceptional employer, offering a collaborative work environment in our London office where employees can thrive and build long-lasting careers. We prioritise employee growth through competitive compensation, comprehensive benefits, and a culture that values diversity and inclusion, ensuring that every team member feels respected and empowered to excel. Join us to make a meaningful impact while enjoying opportunities for professional development and a supportive workplace culture.
Contact Details:
Endurance Business Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Catastrophe Modelling Analyst 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.
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✨Look Out for Graduate Schemes
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We think you need these skills to ace Catastrophe Modelling Analyst 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 Endurance Business Services.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Endurance Business Services. 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 Endurance Business Services
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Endurance Business Services 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 Endurance Business Services, 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 Endurance Business Services'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.
