At a Glance
- Tasks: Analyse catastrophe models and support risk assessment for informed decision-making.
- Company: Join Markel, a leading insurer with a dynamic and creative culture.
- Benefits: Competitive salary, annual bonus, private medical cover, and generous holiday allowance.
- Other info: Collaborative environment with opportunities for professional growth and development.
- Why this job: Make a real impact in risk management while developing your analytical skills.
- Qualifications: Experience in catastrophe modelling and strong problem-solving abilities required.
The predicted salary is between 60000 - 80000 £ 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 support 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.
Responsibilities
- Build and maintain strong relationships 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
- A great starting salary with 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
Catastrophe Analyst in London employer: Markel
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, ensuring they remain at the forefront of catastrophe modelling and analytics. With a strong emphasis on collaboration and innovation, Markel provides a supportive environment where analysts can thrive and contribute to meaningful decision-making in the insurance industry.
