Insurance Risk Analyst

About the Role

Our client is seeking a highly analytical and insightful Insurance Risk Analyst to join their sophisticated risk management team in Southampton . This role is instrumental in identifying, assessing, and mitigating potential risks across the company's diverse insurance portfolios. You will play a key part in ensuring the financial stability and strategic direction of the business by providing data-driven insights and recommendations. This is an excellent opportunity for an individual with a strong quantitative background to contribute significantly to the robust framework of a leading insurance provider operating in Southampton .

Key Responsibilities

• Develop and implement risk assessment models and methodologies to identify key risk exposures across various insurance lines.
• Analyse large datasets to quantify potential financial impacts of identified risks and recommend mitigation strategies.
• Monitor regulatory changes and industry best practices related to risk management in the insurance sector.
• Prepare comprehensive risk reports for senior management and regulatory bodies, translating complex data into clear insights.
• Collaborate with underwriting, claims, and actuarial departments to integrate risk management principles into business operations.
• Conduct stress testing and scenario analysis to evaluate the resilience of the company's risk profile.

Requirements

• Proven experience in a risk analysis, actuarial, or similar quantitative role, ideally within the insurance industry.
• Strong analytical, statistical, and modelling skills, with proficiency in relevant software (e.g., Python, R, SQL).
• In-depth understanding of risk management frameworks, such as Solvency II, and insurance regulations.
• Excellent report-writing and presentation skills, with the ability to communicate complex findings clearly.
• A degree in a quantitative field such as Mathematics, Statistics, Economics, or Finance.
• Experience working within a hybrid work model and collaborating effectively with distributed teams.

Benefits

• Competitive salary based on skills and experience in risk analysis.
• Hybrid working arrangements offering flexibility between office and remote work.
• Comprehensive benefits package including health, dental, and vision insurance.
• Generous annual leave allowance and company pension contributions.
• Opportunities for professional development and advancement within the insurance risk management field.