At a Glance
- Tasks: Deliver high-quality catastrophe modelling and collaborate on innovative analytics projects.
- Company: Join Willis Re, a leader in reinsurance analytics and modelling.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact in the reinsurance industry with cutting-edge analytical solutions.
- Qualifications: Experience in catastrophe modelling and strong data manipulation skills required.
- Other info: Fast-paced, collaborative culture with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for a Catastrophe Modeller who will deliver high-quality modelling and contribute to building a differentiated analytics capability from the ground up. This role offers a unique blend of hands-on modelling and exposure to strategic initiatives. You’ll work closely with senior brokers and analytics colleagues, gaining insight into client needs and helping shape our analytics offering.
Key responsibilities include:- Deliver catastrophe modelling analysis to support reinsurance placements, portfolio reviews, and client advisory work across property and speciality lines (Marine/Retro/Property Treaty) experience desirable but not essential.
- Collaborate with senior analytics and broking stakeholders to support the development of catastrophe modelling workflows, processes, and reporting tools.
- Assist in the creation of catastrophe broking packs that provide clear, actionable insights.
- Support quality assurance processes and help ensure consistency across client deliverables.
- Present model outputs and risk insights to brokers, clients, reinsurers, and other stakeholders.
- Work with the Willis Research Network’s Model Intelligence Team on model evaluation and innovative analytics.
- Provide modelling support for clients’ regulatory and internal reporting requirements (e.g., Solvency II, Lloyd’s RDS, ORSA).
- Contribute to client pitches and RFP responses with bespoke modelling solutions.
- Stay up to date with new tools and methodologies to keep our analytics offering cutting-edge.
- Experience in catastrophe modelling at a reinsurer, insurer, broker, or vendor.
- Familiarity with at least one vendor model (RMS or Verisk).
- Understanding of common reinsurance structures (e.g., Catastrophe Excess of Loss, Proportional treaties).
- Strong Excel and data manipulation skills; SQL knowledge essential.
- Ability to communicate technical work clearly to non-technical audiences.
- Comfortable working in a fast-paced, collaborative environment.
- Technical background in coding, data science, or scientific disciplines.
- Coding skills in Python, R, or similar; geospatial (GIS) experience an advantage.
- Interest in catastrophe model evaluation and automation.
- Familiarity with cloud-based analytics platforms and tools.
- Knowledge of probability theory and reinsurance modelling.
- Experience with Marine, Property Treaty and/or retro business desirable but not essential.
- Exposure to the London and Bermuda markets beneficial.
We combine specialist broking with analytics, modeling and research to help insurers optimize risk transfer, strengthen balance sheets and achieve sustainable growth. Our approach is relationship-driven, transparent and outcome-focused. At the heart of Willis Re is a focus on delivering the most cutting-edge analytical solutions to enable more informed, better decision-making for risk selection, portfolio optimization, and capital management.
The launch of Willis Re brings a strategic advantage of being unhindered by legacy, an ability to leverage data, statistical models and advanced technologies with the best knowledge and expertise to deliver more efficient and effective reinsurance outcomes. This places Willis Re in a unique position to build a truly analytically driven business, focused on creating solutions for the reinsurance industry that are future led and forward thinking.
Willis Re will also leverage recognized technical expertise from WTW’s Insurance Consulting & Technology business including their advanced modeling and analytical capabilities. Alongside this will be WTW’s Research Network, an award-winning business supporting and influencing science to improve the understanding and quantification of risk.
Catastrophe Analyst employer: Willis Re Bermuda
Contact Detail:
Willis Re Bermuda Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Catastrophe Analyst
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend relevant events. Building connections can lead to job opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions and showcasing your modelling skills. Be ready to discuss your experience with vendor models and how you can contribute to the team.
✨Tip Number 3
Don’t just apply; follow up! After submitting your application through our website, send a friendly email to express your enthusiasm. It shows initiative and keeps you on their radar.
✨Tip Number 4
Stay updated on industry trends and tools. Being knowledgeable about the latest in catastrophe modelling will not only impress interviewers but also help you stand out as a candidate.
We think you need these skills to ace Catastrophe Analyst
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Catastrophe Analyst role. Highlight your experience in catastrophe modelling and any relevant skills that match the job description. We want to see how you can contribute to our analytics capability!
Showcase Your Skills: Don’t forget to mention your technical skills, especially in Excel, SQL, and any coding languages like Python or R. If you've worked with vendor models like RMS or Verisk, let us know! We love seeing how you can bring your expertise to the table.
Communicate Clearly: Since you'll be presenting model outputs to various stakeholders, it's crucial to demonstrate your ability to communicate complex ideas simply. Use clear language in your application to show us you can bridge the gap between technical and non-technical audiences.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you're keen on joining our team at Willis Re!
How to prepare for a job interview at Willis Re Bermuda
✨Know Your Models
Make sure you’re familiar with the catastrophe models mentioned in the job description, especially RMS or Verisk. Brush up on how these models work and be ready to discuss your experience with them during the interview.
✨Excel and SQL Skills Matter
Since strong Excel and SQL skills are essential for this role, practice your data manipulation techniques. Be prepared to showcase your ability to analyse data effectively and explain your thought process clearly.
✨Communicate Clearly
You’ll need to present complex model outputs to non-technical audiences, so practice simplifying your explanations. Think of examples where you’ve successfully communicated technical information in an understandable way.
✨Stay Current with Trends
Keep yourself updated on the latest tools and methodologies in catastrophe modelling. Mention any recent developments or innovations you’ve come across, as this shows your enthusiasm for the field and your commitment to staying ahead.