Catastrophe Modelling Analyst

Catastrophe Modelling Analyst

Full-Time 49500 - 60500 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Analyse catastrophe models and assist in risk reporting for various insurance lines.
  • Company: Join Sompo, a global leader in insurance with a collaborative culture.
  • Benefits: Enjoy health benefits, retirement plans, tuition reimbursement, and more.
  • Other info: Diverse workplace with opportunities for growth and professional development.
  • Why this job: Make a real impact in the insurance industry while developing your skills.
  • Qualifications: Experience in cat modelling, SQL, VBA, and strong analytical skills required.

The predicted salary is between 49500 - 60500 £ per year.

Are you looking for your next opportunity? Sompo has a unique opportunity for a Catastrophe Modelling Analyst in our Catastrophe Modelling team.

Location: This position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

What you’ll be doing:

  • Pre-modelling of underwriting submissions for Property, Energy, Marine and any other lines as per business needs
  • Assisting portfolio reporting – preparation and management of risk modelling ready for monthly roll up process across multiple lines of business
  • Regulatory returns
  • Ad hoc projects as required
  • Ability to understand and communicate technical concepts
  • Understand and interpret slips to ascertain key modelling assumptions, and ensure completeness of data, liaising with brokers and other parties to supplement where necessary

What you’ll bring:

  • Experience in cat modelling, preferably in an Insurance environment
  • Experience and knowledge of the RMS detailed loss modelling platform
  • Competent in SQL and VBA with proven experience of building reporting tools
  • Knowledge of GIS tools an advantage
  • Strong numerical data handling and analysis skills
  • Ability to work effectively individually and as part of a team
  • Strong verbal and written communication skills – position requires interaction with numerous employees on all platforms of business

At Sompo, we recognise that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of some of the benefits we offer, which may vary depending on the country:

  • Health & Wellness Benefits
  • Retirement & Savings Plans
  • Global Parental Leave & Adoption Assistance
  • Employee Assistance Program
  • Tuition Reimbursement & Professional Qualification benefits

Who we are and what we stand for:

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work.

If you need an accommodation for any part of the application process, please contact the recruiter in charge.

We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 137 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges.

Because when you choose Sompo, you choose The Ease of Expertise™.

Catastrophe Modelling Analyst employer: Sompo Holdings Inc

At Sompo Holdings, Inc., we pride ourselves on fostering a dynamic and inclusive work culture that empowers our employees to thrive. As a Credit Controller in our London office, you will benefit from a hybrid working model, competitive remuneration, and opportunities for professional development within a supportive team environment. Join us to make a meaningful impact while enjoying the unique advantages of working in one of the world's leading insurance firms.

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Contact Details:

Sompo Holdings Inc Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Catastrophe Modelling Analyst

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 Sompo Holdings Inc). 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 Sompo Holdings Inc. 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 Modelling Analyst

Catastrophe Modelling
Insurance Knowledge
RMS Detailed Loss Modelling Platform
SQL
VBA
Reporting Tool Development
GIS Tools

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 Sompo Holdings Inc.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sompo Holdings Inc. 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 Sompo Holdings Inc

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Sompo Holdings Inc 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 Sompo Holdings Inc, 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 Sompo Holdings Inc'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.