Reinsurance Analytics Consultant
Reinsurance Analytics Consultant

Reinsurance Analytics Consultant

Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Support client projects in reinsurance analytics and enhance risk understanding.
  • Company: Join a global leader in insurance consulting with a collaborative culture.
  • Benefits: Enjoy 25 days leave, health perks, hybrid work, and a pension scheme.
  • Why this job: Make a real impact in reinsurance while developing your analytical skills.
  • Qualifications: Experience in reinsurance and strong analytical skills required.
  • Other info: Dynamic environment with opportunities for professional growth and community involvement.

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. 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. 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.

The Role 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
    • 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
  • 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
    • 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.
  • Qualifications

    What you’ll bring

    • 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.

    What We Offer

    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.

    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 candidate.helpdesk@wtwco.com.

    Reinsurance Analytics Consultant employer: WTW

    At WTW, we pride ourselves on being an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation within our Global Specialty team. Our commitment to employee growth is evident through comprehensive training in advanced modelling tools and a robust benefits package that includes generous leave, private healthcare, and hybrid working options, ensuring a healthy work-life balance. Join us to be part of a forward-thinking company that values your contributions and supports your professional journey in the exciting field of reinsurance analytics.
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    Contact Detail:

    WTW Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Reinsurance Analytics Consultant

    Tip Number 1

    Network like a pro! Reach out to your connections in the reinsurance field and let them know you're on the lookout for opportunities. A friendly chat can lead to referrals or insider info about openings that aren't even advertised yet.

    Tip Number 2

    Get your hands dirty with some practical projects. Whether it's through personal projects or volunteering, showcasing your skills in Python, Power BI, or any modelling tools will make you stand out. Plus, it gives you real-world examples to discuss in interviews!

    Tip Number 3

    Prepare for those client engagement scenarios! Brush up on your communication skills and think about how you'd explain complex reinsurance concepts to clients. Role-playing with a friend can help you feel more confident when it comes to those crucial conversations.

    Tip Number 4

    Don't forget to apply through our website! It's the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our team and contributing to our innovative projects.

    We think you need these skills to ace Reinsurance Analytics Consultant

    Reinsurance Principles
    Treaty Structures
    Pricing Approaches
    Technical Aptitude
    Modelling Ecosystem (Igloo, Python, Power BI)
    Analytical Skills
    Risk Modelling
    Capital Modelling
    Client Engagement
    Communication Skills
    Problem-Solving Skills
    Time Management
    Organisational Skills
    Attention to Detail
    Collaboration

    Some tips for your application 🫡

    Tailor Your Application: Make sure to customise your CV and cover letter to highlight your reinsurance experience and technical skills. We want to see how your background aligns with the role, so don’t hold back on showcasing your expertise in pricing and risk modelling!

    Show Off Your Problem-Solving Skills: Since we’re looking for natural problem-solvers, include examples of how you’ve tackled challenges in previous roles. Whether it’s a tricky client project or a complex modelling task, let us know how you approached it and what the outcome was.

    Be Clear and Concise: When writing your application, keep it clear and to the point. We appreciate well-structured responses that get straight to the heart of your experience and skills. Avoid jargon unless it’s relevant to the role – we want to understand your journey!

    Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter.

    How to prepare for a job interview at WTW

    Know Your Reinsurance Stuff

    Make sure you brush up on your knowledge of reinsurance principles, treaty structures, and pricing approaches. Familiarise yourself with the Igloo Standard Model and its methodologies, as this will show your technical depth and readiness to tackle the role.

    Show Off Your Analytical Skills

    Prepare to discuss your experience with analytical tools like Python, Power Query, and Power BI. Be ready to share specific examples of how you've used these tools in past projects, especially in pricing or risk modelling, to demonstrate your hands-on mindset.

    Engage with Client Scenarios

    Think about potential client scenarios you might encounter in the role. Prepare to discuss how you would translate client needs into actionable modelling solutions. This will highlight your problem-solving skills and ability to build strong professional relationships.

    Collaborate and Communicate

    Emphasise your teamwork skills and your comfort in communicating with various stakeholders. Be prepared to talk about how you've collaborated with technology teams or engaged with clients in the past, showcasing your proactive approach and ability to thrive in a dynamic environment.

    Reinsurance Analytics Consultant
    WTW

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