Exposure Management Analyst

Job Type:

Build a brilliant future with Hiscox
 

Exposure Management Analyst

London based – Hybrid working – min of 2 days in the office per week

Background

We are hiring this position to support our exposure management capabilities and Hiscox Group growth. This is a great opportunity to join a strategic and technological team that influence the way the group takes risk. There is real opportunity for you to add value in decision making and change the direction of the group at the highest level!

The Team

The Group Exposure Management team is part of the wider Underwriting Risk and Reinsurance team that reports to the group CUO. We work closely with the catastrophe modelling and capital management teams in order to gain a full understanding of underwriting risk across the group.

The team are ‘Experts in risk, managing the biggest bets we take, helping Hiscox to thrive’:

• Ensure catastrophe exposures are understood, measured, and communicated and are in line with internal and external appetites – no surprises. 
• Own, manage, and embed the Hiscox View of Risk for Catastrophe risk
• Ensure best practice in Catastrophe Risk Analysis and compliance with regulatory requirements 
• Ensure Hiscox is taking the right sized bet in the right places 
• Meet internal committee, regulatory, and rating agency reporting requirements 
• Support reinsurance purchase 
• Provide inputs to other internal teams – Risk/Capital 

The Role

Working in the Group Exposure Management team you will provide support across all our and regulatory jurisdictions perils (except cyber).  You will be responsible for bringing together data from across the Hiscox Group to provide visibility to the most material risks to Hiscox.  To do this you will build excellent relationships with our business unit colleagues and be able to provide clear guidance to them.

The role encompasses all peril exposures, but with a focus on non-nat cat (Terrorism, SRCC and Casualty) where we want raise our capability to the level of nat cat.

In addition you will have oversight of US, UK and EU retail portfolios where the Group team take a lead role in the production of the roll-up and outwards reinsurance placement.

We are constantly striving to improve our processes and as part of this role you will have the opportunity to propose new ways of doing things and help us meet our core strategic objectives as efficiently as possible.

Key Responsibilities

• Support the production and submission of regulatory returns for Lloyd’s, the PRA and BMA
• Support the production of the annual retail roll-up, reinsurance data collection and validation
• Develop and maintain the Group Risk Matrix ensuring all sources of catastrophic and risk loss are identified and described
• Develop Group RDS suite where the Risk Matrix has identified gaps in our knowledge
• Develop our non-nat cat RDS suite with focus on Casualty, Terrorism and SRCC
• Support the ongoing development of the Exposure Management TOM, with focus on the retail teams

Person Specification

• 2yrs+ experience within Insurance (ideally London Market)
• A good understanding / appreciation of insurance analytics (EM, Cat Modelling RI analytics, actuarial)
• Strong SQL server coding.
• Strong Excel skills
• Strong data analysis and manipulation
• Ability to explain complicated ideas clearly
• Able to manage multiple deliverables, are well organised and deadline focused
• 2.1 or higher Degree in a STEM subject or Geography

About Hiscox

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

 
Apply now for further information
 
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