Reinsurance Actuary

Reinsurance Actuary

Full-Time 60000 - 80000 £ / year (est.) No home office possible
Relm Insurance Ltd.

At a Glance

  • Tasks: Analyse pricing for reinsurance accounts and collaborate on innovative insurance solutions.
  • Company: Relm, a pioneering insurer supporting the world's most innovative industries.
  • Benefits: Comprehensive support for personal growth and a dynamic work environment.
  • Other info: Opportunities to work on industry-first programmes and develop unique reinsurance strategies.
  • Why this job: Join a team redefining insurance and make an impact in cutting-edge industries.
  • Qualifications: Curiosity, creativity, and analytical skills are essential for success.

The predicted salary is between 60000 - 80000 £ per year.

Relm is the only specialty insurer dedicated to supporting the world’s most innovative industries. Whether it’s with startups harnessing zero-gravity conditions on the ISS to manufacture blindness-curing retinas, global crypto exchanges democratizing crypto trading, or biotech pioneers using gene-editing technology to advance personalized medicine, Relm works lockstep with innovators to understand and underwrite businesses shaping the future. Relm’s team operates out of offices in London, New York, Dubai, Miami, Bermuda, executing market-leading insurance solutions for companies operating in digital assets and web3, AI, the space economy, financial technology, biotech, and more.

What We Are Looking For

Where regular insurers look backwards, Relm differentiates by looking ahead. We operate at the forefront of innovative industries by hiring curious minds with deep sector experience. To continue helping businesses build the future, we need all of our team members to demonstrate curiosity, creativity, courage, and optimism. We need them to be accountable for ideation but able to execute collaboratively. In short: we hire people whose inquisitive minds help them break ground.

Key Responsibilities

  • Perform pricing analysis for individual new and renewal inwards reinsurance accounts
  • Engage with broker partners on submissions, both new business and renewals
  • Monitor the performance of bound inwards transactions on a quarterly basis
  • Conduct portfolio-level profitability analysis, including AvE and portfolio modelling
  • Support the development of reporting and MI tools to deliver accurate and timely portfolio insights to internal and external stakeholders (management, board, reinsurers)
  • Translate complex analytical outputs into clear, actionable insights for non-technical stakeholders
  • Collaborate with senior team members to optimise the deployment of Relm’s reinsurance capacity across treaty and facultative opportunities, including fronted business, programmes, traditional cedants, and captives
  • Contribute to strategic initiatives such as commutations, novations, and loss portfolio transfers
  • Support new product development and alternative reinsurance solutions
  • Support Relm’s outwards reinsurance strategy across all lines of business, including treaty placements and facultative reinsurance
  • Prepare and analyse data for reinsurance submissions
  • Perform optimisation and portfolio analysis to ensure reinsurance structures align with overall business strategy
  • Conduct actuarial and quantitative analysis to assess profitability and business impact
  • Develop a working understanding of catastrophe modelling, where relevant to the portfolio
  • Maintain accurate reinsurance documentation, including contracts and bordereaux, and ensure timely distribution to partners

Required Skills

Relm goes beyond the norm to provide genuine support for our team members. We believe in equipping our staff with whatever arsenal they need to do their best work, and our commitment to staff growth is often cited by members as one of their most highly valued benefits. Relm is a team of innovators redefining what’s possible in insurance. With us, you’ll launch industry-first programs within an environment designed to be antithetical to traditional insurance and the restraints that come with it. Our forward-thinking attracts forward thinkers.

Reinsurance Actuary employer: Relm Insurance Ltd.

Relm is an exceptional employer for those looking to make a meaningful impact in the insurance industry, particularly as a Reinsurance Actuary. With a strong focus on innovation and employee growth, Relm offers a collaborative work culture that encourages curiosity and creativity, providing team members with the tools and support they need to excel. Located in vibrant cities like London, employees benefit from a dynamic environment that fosters forward-thinking and the opportunity to work on groundbreaking projects across various cutting-edge sectors.
Relm Insurance Ltd.

Contact Detail:

Relm Insurance Ltd. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reinsurance Actuary

✨Tip Number 1

Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. The more people you know in the reinsurance space, the better your chances of landing that dream job.

✨Tip Number 2

Show off your skills! Prepare a portfolio showcasing your analytical work and any relevant projects. When you get the chance to chat with potential employers, having tangible examples can really set you apart.

✨Tip Number 3

Be curious and ask questions during interviews. This shows you're genuinely interested in the role and the company. Plus, it gives you a chance to demonstrate your inquisitive mind, which is exactly what Relm is looking for!

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll be one step closer to joining a team that’s all about innovation and pushing boundaries.

We think you need these skills to ace Reinsurance Actuary

Pricing Analysis
Broker Engagement
Portfolio Profitability Analysis
Reporting and MI Tool Development
Data Translation for Non-Technical Stakeholders
Reinsurance Capacity Optimisation
Strategic Initiative Contribution
New Product Development
Alternative Reinsurance Solutions
Actuarial Analysis
Quantitative Analysis
Catastrophe Modelling
Reinsurance Documentation Management
Collaboration Skills
Curiosity and Creativity

Some tips for your application 🫡

Show Your Curiosity: When writing your application, let your curiosity shine through! We love candidates who are eager to learn and explore new ideas, especially in innovative industries. Share examples of how you've approached challenges with a curious mindset.

Be Clear and Concise: We appreciate straightforward communication. Make sure your application is easy to read and gets straight to the point. Use clear language to explain your skills and experiences, especially when discussing complex topics like pricing analysis or portfolio modelling.

Highlight Teamwork: Collaboration is key at Relm, so don’t forget to mention your experience working in teams. Share specific instances where you’ve worked together with others to achieve a common goal, especially in areas related to reinsurance or data analysis.

Tailor Your Application: Make your application stand out by tailoring it to our unique focus on innovative industries. Reference specific projects or experiences that align with what we do at Relm, and don’t hesitate to show us how your background fits into our forward-thinking approach.

How to prepare for a job interview at Relm Insurance Ltd.

✨Know Your Numbers

As a Reinsurance Actuary, you'll be dealing with complex data and pricing analysis. Brush up on your actuarial principles and be ready to discuss specific examples of how you've applied these in past roles. Show them you can translate numbers into actionable insights!

✨Show Your Curiosity

Relm values curiosity, so come prepared with questions about their innovative projects and the industries they support. This not only shows your interest but also demonstrates that you're someone who thinks ahead and is eager to learn.

✨Collaborative Mindset

Highlight your experience working in teams, especially in collaborative environments. Discuss how you've contributed to strategic initiatives or worked alongside senior members to optimise processes. They want to see that you can work well with others to achieve common goals.

✨Be Ready for Scenario Questions

Expect to face scenario-based questions that test your problem-solving skills. Prepare by thinking through potential challenges in reinsurance and how you would approach them. This will showcase your analytical thinking and ability to handle real-world situations.

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