Risk management
One of the most important links in our underwriting process, the catastrophe aggregate management team assesses our exposure to the risks of hurricanes, earthquakes, terrorism and pandemics. Using a range of catastrophe modeling technology and data they quantify and manage our risk. Based on our busy trading floor and part of one of the largest teams in the London market, you’ll gain world class experience while you work towards your Chartered Insurance Institute qualifications.
The risk management graduate programme
Joining as an aggregate analyst you’ll:
- work with our state-of-the-art catastrophe modelling systems to price hurricane and earthquake risks for property insurance and treaty
- work alongside experienced underwriters to follow the risk placement process from broker submission, through price indication to acceptance
- monitor and control the accumulation of risk exposed to extreme events across the Group’s underwriting portfolio
- work with underwriters to identify areas of exposure that would improve the diversification characteristics of the portfolio
- after an extreme event, measure the likely cost to the Group and compare actual experience to the original modelling assumptions
- learn about the impact of natural perils on the Group’s capital requirements.
You will also spend time working with other key functions including outwards reinsurance, our claims team and the actuarial function to gain an understanding of the impact of other areas of the business on the aggregate management function as well as the range of Catlin’s business.
Qualities we are looking for
Aggregation and catastrophe modelling is a constantly evolving, exciting field of expertise, dealing daily with the risk and reality of natural and man made catastrophes worldwide.
It’s definitely not a lonely ‘back-office’ role and you will be working with a diverse group of people including underwriters, actuaries and accountants. In particular, you’ll work closely with the underwriting, finance and claims teams, so you’ll need to be good at building strong, trusting relationships while working as part of a wider team.
Expert data analysis skills, attention to detail and the ability to process and assimilate complex information with confidence is only part of what we look for in an aggregate analyst. Just as important is the ability to communicate your findings and translate highly technical concepts into meaningful information to support underwriting decisions.
Working with complex modelling and analytical software packages on a daily basis, a high level of IT literacy is required. And, whilst you will be given support to learn and improve your skills, an IT aptitude will be of distinct benefit.
The team culture in Catlin engenders information sharing and continued learning. You will be fully supported through your Chartered Institute of Insurance qualifications whilst also being encouraged to further your professional knowledge. Opportunities will also exist to continue education in other related areas; e.g. catastrophe modelling certification, natural hazards research.
Academic requirements
Candidates should have or expect to achieve a 2:1 or above in your chosen degree.