Underwriting Analyst London, England
IQUW Group
Full Time
London, England
30000 - 68000 GBP ANNUAL Today
Job description
Overview:
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
The role
IQUW is looking for a highly numerate and analytical individual to contribute to its technical underwriting. The role would support the development of tools and processes from within the underwriting division to analyse and control its portfolio.
Key responsibilities
Essential qualifications, skills and experience
Desirable behavioural attributes
Job Description
Underwriting Analyst
Grade:
Reporting to:
Reporting to:
Location: London
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
The role
IQUW is looking for a highly numerate and analytical individual to contribute to its technical underwriting. The role would support the development of tools and processes from within the underwriting division to analyse and control its portfolio.
The company is looking for someone with a mathematical background, including engineering, sciences, and related fields. They will want to develop business acumen along with their technical abilities to have a deep understanding of the results of their work.
The role will include developing a wide skillset including statistical analysis, automation development, building data infrastructure and developing the company’ understanding of mathematical techniques. It will interact across departments and so will provide exposure to broad aspects of insurance: exposure management, pricing, claims handling and portfolio management.
There is wide scope for development, both from an underwriting perspective as well as from a purely technical one. Creative, new ideas and innovation are welcome also. The role would ideally suit a recent PhD or master’s graduate, looking to apply their analytical capabilities in a business environment.
The environment at IQUW is very much in 'startup' mode and so this is an exciting time to join. Learning is in part “on the job” and tasks are carried out within a tight-knit and supportive team.
Key responsibilities
- Act as the linchpin between underwriting teams and the various technical function Teams, including Exposure Management, Pricing and Portfolio Optimisation.
- Monitor the performance of the insurance portfolio by tracking key metrics, identifying areas of concern, and recommending appropriate actions in conjunction with the Portfolio Optimisation team.
- Data augmentation. Use additional data sources to understand more about the risk characteristics of a transaction or class of business.
- Research and analyse potential transactions, including the evaluation of the risk and return characteristics of potential deals.
- Work with underwriting teams to build out a strong data infrastructure and ensure data processes are efficient.
- Collaborate with other underwriting divisions to share knowledge and insights and develop a collegiate culture.
- Work with outsource providers to ensure the quality and consistency of ingested data.
- Work with underwriting and pricing teams to ensure that pricing models are continuously updated to reflect our latest view of risk.
- Work with Exposure Management to ensure optimal use of capital and understand potential marginal impact of potential transactions.
Essential qualifications, skills and experience
- Degree educated, with a master’s or PhD degree preferred.
- Highly analytical with a flair for organising and interpretation large sets of data.
- Strong mathematical intuition.
- Knowledge or interest in developing skills in one or more coding languages: C++, SQL, Python.
- Knowledge or interest in learning the principles and mathematical theory of insurance.
Desirable behavioural attributes
- Strong interpersonal and relationship building skills.
- Clear evidence of the ability to motivate and inspire peers.
- Highly articulate and numerate.
- A team player.
- Innovative and able to generate creative solutions.
- Highly organised with a clear ability to prioritise and deliver on allocated tasks.
IQUW Group
www.iquw.com
London, United Kingdom
Unknown / Non-Applicable
Unknown
Company - Public
