At a Glance
- Tasks: Analyse catastrophe risks using AI and data management to support brokers and clients.
- Company: Join a leading global insurance firm with a focus on innovation.
- Benefits: Enjoy 25 days leave, private healthcare, pension scheme, and hybrid working options.
- Other info: Collaborative environment with opportunities for personal and professional growth.
- Why this job: Make a real impact in the insurance industry while developing your analytical skills.
- Qualifications: Degree in maths, statistics, engineering or natural sciences; experience in AI preferred.
The predicted salary is between 56700 - 69300 £ per year.
In this role, the individual will work closely with Brokers in the Global Markets Direct and Facultative team to deliver market leading analytics. The Direct & Fac Data and Analytics team offer a wide range of analytical support to the broking team in order to secure the best results for our clients. Typical analytical support includes data management, AI training, catastrophe modelling, exposure management, financial modelling, and bespoke analytics. The focus of our team is to provide brokers with a deeper understanding of their client’s risk from natural and man-made perils.
On a day-to-day basis, the individual will be involved in leveraging AI to help accelerate the processing of property data, running client portfolios against state-of-the-art catastrophe models, overseeing the automation of previously manual processes, and synthesising the results. They will be required to take a methodical approach to problem solving and be proactive in meaningfully contributing to the success of D&F.
Joining the company with a maths, statistics, engineering or natural sciences degree (ideally Masters), and experience in the application of AI.
The Role: the individual will be expected to perform as a part of their role:
- Managing, auditing, processing and analysing AI portfolio output, preparing it for model ingestion
- Running of vendor catastrophe models, including sensitivity testing their output
- Operation of geo-visualisation tools including Arc GIS
- Evaluating the impact of updates and revisions to models and the outputs produced
- Communicate results effectively to all stakeholders (i.e. modellers / brokers / clients/ (re)insurers)
- Work closely with all stakeholders throughout the pricing process
- Real-time reporting and analysis of natural catastrophes
Qualifications What you'll bring:
- Proven track record of exceeding performance expectations
- Strong academics in the areas of Data & Analytics, and AI.
- Highly proactive, with a passion to deliver industry-leading results
- Experience of working in a broking or underwriting team
- A natural team-player, committed to close collaboration with colleagues
- An understanding of London/global insurance markets and (re)insurance business
- Strong problem-solving skills and keen attention to detail
- Excellent IT skills, including Python and SQL
- Experience with AI and process optimisation
- Experience and working knowledge of GIS software e.g. ArcGIS, an advantage
- Highly motivated to learn and grow within a global market leader
What We Offer
Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll 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.
Equal Opportunity Employer We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco.com.
Senior Catastrophe Risk Analyst in Ipswich employer: WTW group
WTW group offers a dynamic work environment that fosters collaboration and innovation, as seen in roles like the Global Marine Marketing Lead, which emphasizes teamwork and strategic engagement. The company provides opportunities for professional growth through hands-on experiences, such as internships and graduate programs in Insurance Technology, allowing employees to develop practical skills in a supportive setting. Additionally, WTW group is committed to maintaining high standards of service and governance, ensuring a stable and rewarding workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Catastrophe Risk Analyst in Ipswich
✨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 WTW group). 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 WTW group. 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 Senior Catastrophe Risk Analyst in Ipswich
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 WTW group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at WTW group. 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 WTW group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at WTW group 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 WTW group, 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 WTW group'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.
