At a Glance
- Tasks: Drive insightful analysis and performance monitoring of our property portfolio.
- Company: Join Munich Re, a leading Primary Specialty Insurance provider in a supportive environment.
- Benefits: Competitive salary, diverse culture, and opportunities for professional growth.
- Other info: Embrace diversity and innovation while contributing to sustainable business practices.
- Why this job: Make data-driven decisions that impact pricing and claims in the insurance industry.
- Qualifications: Strong analytical skills and experience with Excel/PowerBI required.
The predicted salary is between 58540 - 71548 £ per year.
At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.
We are currently looking for a Property Analyst to be based in London on a full-time basis, reporting into the Group Head of Delegated Property. In this role you will drive insightful analysis and performance monitoring of our property portfolio, empowering Group Heads to make data-driven decisions on pricing, claims, and exposure. Bring your strong communication skills and analytical mindset to advance your expertise in data capture, analysis, and reporting.
Responsibilities:
- Lead and drive analytical output for the Property portfolio, profiling business and monitoring performance to inform strategic decisions;
- Manage and manipulate large, complex datasets to derive performance metrics, supporting in-depth portfolio analysis and year-on-year risk investigations;
- Collaborate closely with underwriting, pricing, claims, and exposure teams to develop and automate performance monitoring and portfolio management tools using internal reporting and data warehouse solutions;
- Prepare standard and ad-hoc management information (MI) reports, KPIs, and support performance reporting against plans, including for Syndicate business planning and regulatory requirements (Lloyd’s, Munich, PRA);
- Analyze pricing models and exposure data, validate parameters, and review pricing management information to support risk quantification and new business initiatives;
- Support and participate in project initiatives, developing innovative analytical solutions to enhance underwriting effectiveness, including post-event analytics;
- Build and maintain strong relationships with Coverholders, Brokers, and internal teams across underwriting, claims, actuarial, binder management, exposure, compliance, and finance to strengthen trading and collaboration;
- Engage proactively across Lloyd’s and the wider market with peers and brokers to stay informed of market developments impacting syndicate performance;
- Contribute actively to Property team meetings and cross-functional forums within MRSL and MRSG, as well as external stakeholder interactions, supporting a collaborative team environment;
- Champion good Conduct practices and adhere to escalation procedures, supporting the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo, and Board in delivering best outcomes for customers and policyholders.
Knowledge and Skills:
- Demonstrate an analytical mindset with the ability to manipulate datasets in Excel/PowerBI and derive KPIs to drive the property business forward;
- Possess highly developed mathematical and statistical knowledge;
- Apply detailed knowledge of actuarial methods and techniques to make reasoned judgements in a business environment;
- Understand a range of modelling techniques and their applications in pricing, exposure, and claims management;
- Exhibit a high degree of diligence and accuracy;
- Demonstrate knowledge and understanding of the underlying principles of insurance and reinsurance;
- Maintain current Lloyd’s market knowledge;
- Manage workload effectively and work collaboratively with colleagues.
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
Diversity, Equity & Inclusion:
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Learning and innovating today, striving for sustainable societies and business tomorrow. At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.
Learn more about sustainability at Munich Re – choose your impact!
Property Analyst in London employer: Munich Re
As a leading insurance provider in Greater London, we pride ourselves on fostering a dynamic work culture that values collaboration and innovation. Our employees benefit from comprehensive professional development opportunities, competitive remuneration, and a supportive environment that encourages growth and transformation. Join us to be part of a team that is dedicated to making a meaningful impact in the insurance industry while enjoying the vibrant lifestyle that Greater London has to offer.
StudySmarter Expert Advice🤫
We think this is how you could land Property 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 Munich Re). 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 Munich Re. 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 Property 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 Munich Re.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Munich Re. 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 Munich Re
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Munich Re 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 Munich Re, 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 Munich Re'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.