At a Glance
- Tasks: Support risk assessment by analysing catastrophe model outputs and providing insightful analytics.
- Company: Join Markel, a Fortune 500 company with a dynamic and empowering culture.
- Benefits: Competitive salary, annual bonus, strong benefits, and up to 16% pension scheme.
- Other info: Flexible working patterns available and opportunities for continuous professional development.
- Why this job: Make a meaningful impact in risk management while developing your skills in a supportive environment.
- Qualifications: Experience in catastrophe modelling, strong IT skills, and a collaborative mindset.
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. The team’s mission is to enable Markel International to achieve consistent underwriting profitability and superior financial outcomes by providing high-quality, data-driven analytical support across the business.
As part of the Catastrophe Modelling and Exposure Management team, you will be supporting Markel International with pre-underwriting analytics, class and entity level reporting, ad-hoc analysis to support underwriting decisions and view of risk development. The role may be required to work over a number of lines of business including both natural catastrophe and anthropogenic risks.
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
What’s in it for you?
- A great starting salary plus annual bonus & 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
- Countless opportunities to learn new skills and develop in your career!
If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward, reach their full potential and seize opportunities. You’ll find your fit amongst our diverse global community of optimists and problem-solvers.
Join us and play your part in something special!
Catastrophe Analyst in London employer: Markel International
Markel is an exceptional employer that prioritises the growth and well-being of its employees, offering a competitive salary, generous benefits package, and a strong commitment to professional development. With a dynamic work culture that fosters creativity and collaboration, employees are empowered to make meaningful contributions while enjoying a supportive environment that values diversity and innovation. Located in a global hub, Markel provides unique opportunities to engage with industry leaders and cutting-edge practices in catastrophe modelling, ensuring that you can thrive in your career while making a significant impact.
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 International). 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 International. 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 International.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Markel International. 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 International
✨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 International 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 International, 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 International'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.
