At a Glance
- Tasks: Lead parametric weather insurance initiatives and drive market growth across Europe.
- Company: Join Tokio Marine HCC, a leader in innovative insurance solutions since 1879.
- Benefits: Dynamic international work environment with opportunities for professional growth.
- Other info: Collaborative team culture focused on innovation and client-centric solutions.
- Why this job: Make a real impact in the rapidly evolving field of parametric insurance.
- Qualifications: Expertise in parametric risk transfer and at least 5 years in the re/insurance industry.
The predicted salary is between 90000 - 110000 £ per year.
Location: City of London
Tokio Marine HCC – Parametric Weather, a member of Tokio Marine HCC Specialty, is a leading provider of specialty insurance products for the weather, sports, promotional and entertainment sectors. The group is part of Tokio Marine Holdings, which has been in operation since 1879, employing over 39,000 people in 38 countries worldwide. Our highly entrepreneurial approach to risk, emphasis on outstanding service and commitment to delivering sustainable, flexible and bespoke insurance solutions has made Tokio Marine HCC Specialty the right choice for over 35 years.
Parametric Weather provides insurance and risk management solutions for corporations, public sector organisations, intermediaries, and energy/agribusiness companies on a global basis. As a technology and data-driven business, we leverage a wide breadth of distribution channels including Brokers, Insurtech, Affinity, and Programs. We offer a dynamic international work environment that is fast-paced and team-oriented.
As a Head of Parametric Weather Insurance – UK & Europe, you will be part of a multifaceted team in a rapidly growing field, with an opportunity to contribute to business growth locally and globally. You are an expert in parametric risk transfer products with a focus on non-catastrophic parametric weather insurance structures. In this role, you will be responsible for leading the go-to-market activities for the team in Europe. You will drive commercial development and strategic partnerships in Europe, promoting innovative risk transfer solutions to corporations, public sector organisations, and intermediaries. The role is focused on client acquisition, relationship management, market intelligence, and the development of tailored parametric solutions for emerging risks.
Missions and Responsibilities:
- Build and maintain strong relationships with brokers and other distribution channels, focusing on the London and European Insurance markets to develop and enhance deal origination opportunities.
- Lead market growth for parametric insurance products across Europe, targeting industries including agriculture, energy, retail, and public sector clients.
- Understand clients’ needs across various industries, develop targets, identify risks and develop parametric solutions.
- Leverage a deep understanding of all available parametric products and solutions, focusing on weather and forced outage risks, to educate clients on the pros and cons of these alternative risk finance options.
- Actively originate, analyse, and assess parametric climate insurance submissions from clients and brokers.
- Manage submissions from clients and brokers and coordinate with internal teams, including Underwriting and Operations, to ensure timely and efficient processing.
- Drive global business expansion by gaining access and opening doors, with a particular focus on insurance companies and brokers.
- While the focus of this role is on Europe, support parametric team members globally with client-focused marketing efforts.
- Collaborate closely with the internal team to optimise technology platforms and workflows, assisting with new product development and engaging to develop strategic roadmaps.
Skills and Competencies
Essential:
- Expert in parametric risk transfer products with a focus on non-catastrophic parametric weather insurance structures.
- Proven experience in driving commercial development and strategic partnerships.
- Bachelor’s degree in math/science, finance, insurance or a related field or the equivalent education and/or experience.
- At least 5 years of experience, preferably working in the re/insurance industry as a broker or underwriter.
- Experience with parametric solutions or a closely related field, with a technical background.
Desired:
- Excellent understanding of the regional insurance landscape; parametric or specialty insurance experience.
- Fluency in French, Spanish, or German.
What we are looking for:
- Demonstrable track record in the insurance industry and an extensive network of contacts in the broker community.
- Passionate and experienced in climate-related risks and the insurance market in general.
- Proven tenacity and perseverance in navigating external and internal stakeholders to overcome challenges in the deal lifecycle of parametric insurance transactions.
- Proven ability to successfully bring transactions ‘over the finish line’.
- Ability to prioritise tasks and manage time effectively in a complex corporate environment.
- Analyse market trends, regulations, and competitor activities to inform commercial strategy.
- Client-centric empathy and drive to bring better understanding of weather and natural disaster risk to less technical audiences.
- Curiosity and eagerness to constantly learn and apply new solutions.
- Ability to face and troubleshoot difficult and complex problems.
- Self-reliant working style, with the ability to seek guidance when needed.
- Excellent presentation skills, particularly for in-person or virtual meetings with multiple stakeholders.
- Ability to influence others within and outside of the job function regarding approach and procedures.
- Ability to develop strong internal/external client-oriented solutions.
- Ability to understand complex technical requirements and work with the Product and R&D teams to determine solutions for our clients.
- Demonstrated quantitative and analytical skills.
- Strong teamwork skills.
Head of Parametric Weather - UK & Europe in London employer: Tokio Marine HCC
At Tokio Marine HCC, we pride ourselves on being a leading Specialty Insurer that values empowerment, innovation, and growth. Our London office fosters a dynamic work culture with hybrid working options, competitive salaries, and comprehensive employee benefits, ensuring that our team members thrive both personally and professionally. Join us to make a meaningful impact in the Financial Crime team while enjoying ample opportunities for career development in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Parametric Weather - UK & Europe in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Head of Parametric Weather - UK & Europe 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 Tokio Marine HCC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Tokio Marine HCC. 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 Tokio Marine HCC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Tokio Marine HCC 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 Tokio Marine HCC, 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 Tokio Marine HCC'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.
