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- Tasks: Support client projects in reinsurance analytics and enhance risk understanding with innovative modelling tools.
- Company: Join a global leader in insurance consulting with a collaborative and dynamic culture.
- Benefits: Enjoy 25 days annual leave, private healthcare, hybrid working, and a range of additional perks.
- Why this job: Make a real impact in the reinsurance industry while developing your technical skills.
- Qualifications: Experience in reinsurance principles and strong analytical skills are essential.
- Other info: Great career growth opportunities in a supportive and engaging environment.
The predicted salary is between 36000 - 60000 £ per year.
As part of our Global Specialty team within Insurance Consulting & Technology (ICT), you will support the broader business development agenda as well as contribute directly to the sale and delivery of client projects, with a focus on traditional and alternative reinsurance markets. You will play a key role in helping clients enhance their understanding of risk, optimise their capital deployment and reinsurance strategies, and leverage our technology solutions to make more informed decisions. This includes hands‐on technical development, collaboration with our technology teams, and regular engagement with clients.
This is an exciting opportunity for an analytically minded reinsurance professional who enjoys technical depth, problem solving, and working with innovative modelling tools within a highly collaborative global team.
Key Responsibilities- Client Delivery & Technical Work
- Support and deliver pricing and risk modelling projects for traditional and alternative reinsurance structures, which will build on your knowledge of reinsurance agreements and key reinsurance contract features.
- Develop a strong, practical understanding of WTW's Igloo Standard Model including data input tables, model methodologies, and standard reporting and outputs.
- Build an extensive understanding of the Igloo parametrisation tool and its application across client projects.
- Extract detailed model results and interpret Igloo code to support technical diagnostics and enhancement.
- Apply common methods for data ingestion and data output using Python, Power Query, and Power BI.
- Calibrate loss distributions for pricing, capital modelling, and portfolio analysis.
- Apply common reinsurance pricing methods.
- Client Engagement & Relationship Building
- Communicate regularly with client stakeholders including capital modelling actuaries, reinsurance purchase teams, reinsurance pricing actuaries, underwriters, reinsurance brokers, and capital markets teams.
- Understand client needs and translate them into actionable modelling and analytical solutions.
- Support business development activities, including proposal development, thought leadership, and client presentations.
- Internal Collaboration
- Work closely with colleagues across the Global Specialty team and other ICT offices.
- Build rapport with our Technology teams to enhance our software, tools, and analytical capabilities.
The Requirements
Experience & Expertise- Proven reinsurance experience with strong understanding of reinsurance principles, treaty structures, and pricing approaches.
- Technical aptitude and willingness to develop deep expertise in a modelling ecosystem (Igloo, Python, Power BI, etc.).
- Experience with analytical or actuarial work, ideally in pricing, risk modelling, or capital modelling.
We are looking for motivated individuals who:
- Are natural problem-solvers and self-driven in their learning.
- Enjoy technical, actuarial, and analytical work with a hands‐on mindset.
- Bring a "can do" attitude and thrive in a dynamic project environment.
- Are comfortable communicating with clients regularly and building strong professional relationships.
- Are curious, proactive, and eager to explore how technology can enhance client outcomes.
- Are diligent and detail-oriented, but also able to step back and consider the bigger picture.
- Demonstrate strong time management and organisational skills.
Enjoy a benefits package designed to help you thrive, both professionally and personally. You will receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
Reinsurance Analytics Consultant in London employer: Willis Towers Watson
Contact Detail:
Willis Towers Watson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reinsurance Analytics Consultant in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry and let them know you're on the lookout for opportunities. Attend industry events or webinars to meet potential employers and make a lasting impression.
✨Tip Number 2
Show off your skills! Create a portfolio showcasing your analytical projects, especially those involving Python or Power BI. This will give you an edge during interviews and help you demonstrate your technical prowess.
✨Tip Number 3
Practice makes perfect! Prepare for interviews by rehearsing common questions related to reinsurance principles and pricing methods. The more comfortable you are with your answers, the more confident you'll feel when it counts.
✨Tip Number 4
Don't forget to apply through our website! We love seeing candidates who take the initiative. Plus, it gives you a chance to showcase your enthusiasm for joining our Global Specialty team.
We think you need these skills to ace Reinsurance Analytics Consultant in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Reinsurance Analytics Consultant role. Highlight your technical expertise in modelling tools like Python and Power BI, and don’t forget to showcase your problem-solving abilities!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about reinsurance and how your background makes you a perfect fit for our team. Be sure to mention any relevant projects or experiences that demonstrate your analytical mindset.
Showcase Your Client Engagement Skills: Since this role involves regular communication with clients, make sure to highlight any experience you have in building professional relationships. Share examples of how you've successfully engaged with stakeholders in the past.
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing candidates who take the initiative!
How to prepare for a job interview at Willis Towers Watson
✨Know Your Reinsurance Stuff
Make sure you brush up on your knowledge of reinsurance principles, treaty structures, and pricing approaches. Being able to discuss these topics confidently will show that you're not just familiar with the basics but can also dive into the technical details.
✨Get Hands-On with the Tools
Familiarise yourself with the Igloo Standard Model, Python, and Power BI before the interview. If you can demonstrate your understanding of how to use these tools in practical scenarios, it’ll set you apart from other candidates.
✨Practice Client Engagement Scenarios
Think about how you would communicate complex modelling results to clients. Prepare examples of how you've built relationships with stakeholders in the past, as this role involves regular client interaction and relationship building.
✨Show Your Problem-Solving Skills
Be ready to discuss specific challenges you've faced in previous roles and how you approached solving them. Highlighting your analytical mindset and hands-on approach will resonate well with the interviewers looking for a natural problem-solver.
