At a Glance
- Tasks: Support risk assessment by analysing catastrophe model outputs and collaborating with underwriters.
- Company: Join Markel's dynamic International Portfolio Analytics team, driving innovation in risk management.
- Benefits: Enjoy a competitive salary, bonus, private medical cover, and 25 days holiday.
- Other info: Great opportunities for career growth and continuous learning in a supportive environment.
- Why this job: Make a real impact in the insurance industry while developing your analytical skills.
- Qualifications: Experience in catastrophe modelling and strong IT skills in SQL or Python.
The predicted salary is between 50000 - 60000 £ per year.
The primary purpose of this role is to support the management of Markel’s product lines exposed to catastrophic perils by producing, validating, and analysing catastrophe model outputs for portfolio risk assessment. The successful candidate will contribute to the delivery of accurate, insightful risk analysis, enabling informed decision-making and supporting sustainable, profitable growth. In addition, the role requires maintaining up-to-date knowledge of catastrophe modelling through proactive research and continuous professional development. This will ensure that Markel remains at the forefront of industry best practice, delivering reliable catastrophe-related insights and analytics.
The International Portfolio Analytics (IPA) team at Markel is a dynamic, multi‑functional group that operates with creativity, autonomy, and empowerment. Embedded within the underwriting business and represented in senior leadership forums, the team supports all divisions of Markel International. Its core focus lies in the key areas essential to driving profitability and performance for a specialty lines insurer: Portfolio Management, Pricing Transformation, Advanced Analytics and Catastrophe & Exposure Management. The Catastrophe and Exposure Management Team delivers a comprehensive suite of analytical services that support informed underwriting decisions and robust risk management practices.
What you’ll be doing:
- Build and maintain a strong relationship with divisional underwriters.
- Provide ad hoc analytics for underwriting portfolio analysis and reporting.
- Use third‑party catastrophe models and in‑house tools for pre‑underwriting analysis.
- Present results and ideas to internal stakeholders and underwriting teams.
- Collaborate closely with colleagues in other Markel offices and the wider portfolio analytics team.
- Liaise closely with outsourcing partners and model vendors.
- Assist in team projects and initiatives, such as view of risk development.
- Assist in producing internal and external reporting, including to Lloyds and the PRA.
Key skills:
- Technical Expertise: Proven catastrophe modelling or aggregation management experience in the London market, with strong understanding of industry‑standard models (Verisk preferred).
- Problem Solving: Strong appetite to think creatively and challenge modelling assumptions and processes, to improve the quality, timeliness and insights of analytics provided.
- Technical Skills: Excellent IT skills with good knowledge of SQL and/or Python.
- Industry Best Practice: Proven experience with catastrophe management best practices and portfolio level aggregation techniques.
- Stakeholder Collaboration: Experience of building and maintaining successful relationships with internal and external contacts.
- Project Management: The ability to manage multiple projects and meet tight deadlines.
Benefits:
- Competitive starting salary plus annual bonus and strong benefits package.
- Up to 16% company pension scheme.
- Private medical and dental cover.
- Menopause plan.
- Emergency care benefit (children, pets, dependants).
- Income protection.
- Life assurance.
- Electric car scheme.
- Travel insurance.
- 25 days paid holiday plus bank holidays, with the opportunity to buy/sell extra leave.
- Opportunities to learn new skills and develop in your career.
EEO & accommodations: We will ensure that individuals are provided with any reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful.
Catastrophe Analyst in London employer: Markel Corporation
Markel is an exceptional employer that fosters a dynamic and empowering work culture, particularly within the International Portfolio Analytics team. Employees benefit from a competitive salary, comprehensive benefits package, and ample opportunities for professional development, all while contributing to meaningful risk analysis that drives sustainable growth in the insurance sector. With a strong emphasis on collaboration and innovation, Markel supports its employees in achieving their career aspirations in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Catastrophe 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.
✨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 Markel Corporation). 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 Markel Corporation. 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 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 Markel Corporation.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Markel Corporation. 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 Markel Corporation
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Markel Corporation 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 Markel Corporation, 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 Markel Corporation'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.
