At a Glance
- Tasks: Manage outward reinsurance placements and innovate solutions for optimal outcomes.
- Company: Join Ki, the fastest growing global algorithmic insurance carrier.
- Benefits: Highly competitive salary, benefits package, and recognition for extraordinary efforts.
- Other info: Dynamic role with opportunities to collaborate across teams and enhance your career.
- Why this job: Be part of a revolutionary team transforming the insurance industry with cutting-edge technology.
- Qualifications: ACII qualified or working towards it, with strong analytical and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Who are we?
Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers' legs.
Ki's mission is simple.
Digitally disrupt and revolutionise a 335-year-old market.
Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.
Ki is proudly the biggest global algorithmic insurance carrier.
It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.
Ki's teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers.
Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.
Where you come in?
The Outwards Reinsurance Manager is responsible for the day-to-day management and execution of Ki's outward reinsurance placement activity across all lines of business.
The role supports the design, structuring and delivery of the Outwards Reinsurance (ORI) programme, a key component of Ki's capital and risk management strategy.
Working closely with underwriting, portfolio management, brokers and reinsurers, the role contributes to ensuring appropriate protection structures are in place to meet business objectives.
The role also supports monitoring, reporting and analysis to inform strategic decision-making and programme optimisation.
This is a specialist role with broad interaction across internal and external stakeholders and a strong focus on both operational delivery and analytical insight.
What you will be doing
- Execute the outward reinsurance placement process according to the organization's guidelines and policies, ensuring comprehensive and seamless execution.
- Innovate and propose creative solutions to optimize the effectiveness of purchased outward reinsurance, seeking avenues to enhance value and improve outcomes.
- Generate outward reinsurance data and Management Information (MI) to facilitate business planning and strategic decision-making.
- Identify potential events affecting financial results and escalate them to the Active Underwriter for informed decision-making.
- Collaborate in the development of alternative risk transfer methods, contributing to a diversified risk management approach.
- Assist in structuring capital market transactions and contribute to the successful execution of these initiatives.
- Act as the primary point of contact for internal and external outward reinsurance information, engaging with brokers, the market, and various internal committees.
- Oversee the timely and effective production of all outward reinsurance information, both internal and external.
- Cultivate, manage, and enhance relationships with brokers and reinsurers to align with Ki's strategic requirements.
Qualifications
- ACII qualified or actively working towards a professional insurance qualification.
- Strong understanding of outwards reinsurance placement processes within the London Market and/or a Lloyd's syndicate environment.
- Broad knowledge of Property, Casualty and Specialty lines, including proportional and non-proportional reinsurance structures.
- Good understanding of catastrophe modelling outputs and exposure management concepts, with awareness of actuarial tools and methodologies.
- Strong analytical capability with the ability to interpret data and translate insights into meaningful actions.
- Excellent communication and stakeholder engagement skills, with the ability to collaborate effectively across teams and levels.
- Strong organisational skills with the ability to manage multiple priorities and work to tight deadlines.
- Proficiency in Microsoft Office and familiarity with underwriting and reinsurance systems.
- Proactive, detail-oriented approach with the ability to work independently and as part of a team.
You'll get a highly competitive remuneration and benefits package.
This is kept under constant review to make sure it stays relevant.
We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.
Outwards Reinsurance Manager employer: Ki Insurance
Ki Insurance is an exceptional employer, offering a dynamic work environment in the heart of London that fosters collaboration and innovation. With a strong focus on employee development, we provide ample opportunities for growth within the marine insurance sector, alongside competitive benefits and a supportive culture that values teamwork and excellence. Join us to be part of a forward-thinking company that prioritises your professional journey while making a meaningful impact in the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Outwards Reinsurance Manager
✨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 Ki Insurance). 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 Ki Insurance. 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 Outwards Reinsurance Manager
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 Ki Insurance.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Ki Insurance. 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 Ki Insurance
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Ki Insurance 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 Ki Insurance, 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 Ki Insurance'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.
