At a Glance
- Tasks: Deliver catastrophe modelling analysis and collaborate on innovative workflows and reporting tools.
- Company: Join Willis Re, a forward-thinking company focused on cutting-edge analytics and risk management.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Exciting opportunities for growth in a fast-paced, collaborative setting.
- Why this job: Make a real impact in the reinsurance industry with innovative modelling solutions.
- Qualifications: Experience in catastrophe modelling and strong data manipulation skills required.
The predicted salary is between 36000 - 60000 £ per year.
Key Responsibilities
- 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.
About You
- 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.
Preferred
- 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.
About Willis Re
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.
CAT Modeller employer: Willis Re
Willis Re is an exceptional employer that prioritises a diverse and inclusive work environment, offering employees the opportunity to engage in meaningful work that drives strategic growth in the reinsurance sector. With a strong focus on professional development, employees benefit from advanced analytical resources and collaborative teamwork, ensuring they are well-equipped to excel in their roles while fostering strong relationships with clients and global reinsurers. Located in a dynamic market, Willis Re provides a unique platform for career advancement and innovation in risk management.
StudySmarter Expert Advice🤫
We think this is how you could land CAT Modeller
✨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 Willis 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 Willis 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 CAT Modeller
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 Willis Re.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Willis 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 Willis 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 Willis 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 Willis 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 Willis 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.
