Senior Underwriting Risk Analyst

Overview

As an Underwriting Risk Analyst at Markel, you will support the development and monitoring of underwriting risk across Markel International, helping shape risk appetite and guide profitable portfolio growth. You’ll work closely with underwriting, actuarial, exposure management and reinsurance to provide insight into volatility and emerging threats. The role sits at the center of underwriting decision-making, offering broad exposure to insurance classes and strategic choices. You’ll contribute to a culture of risk awareness and continuous improvement in underwriting risk practices.

Pay / Benefits

• great starting salary
• annual bonus
• strong benefits package
• 25 days paid holiday plus bank holidays
• company pension scheme
• private medical and dental cover

Responsibilities

• Support the Head of Underwriting Risk and the International CUO in developing and owning appetite for volatility around the business plan combined ratio
• Provide analysis and reporting to identify sources of volatility, including natural and non-natural perils and emerging risks
• Monitor portfolio trends and risk indicators, highlight areas requiring management attention and support live event response reporting
• Develop scenarios, stress tests and risk assessments to support underwriting decision-making
• Prepare analysis and materials for the Underwriting Risk Group and governance forums
• Collaborate with Exposure Management, Actuarial, Risk Management, Reinsurance and Underwriting teams
• Analyze specific and systemic risks to Markel International’s product portfolio including external trend impacts
• Promote a culture of risk awareness and transparent reporting across underwriting divisions
• Continuously improve underwriting risk management practices with industry developments

Key requirements

• Curious, analytical and passionate about risk understanding
• Strong analytical, problem-solving and organisational skills
• Ability to work independently on complex analysis while managing multiple priorities
• Excellent communication and stakeholder management
• Advanced Microsoft Office skills and experience with reporting/BI tools
• Knowledge of catastrophe modelling, exposure management or underwriting risk tools and practices
• Solid understanding of insurance and reinsurance principles
• Progress towards or interest in risk management qualifications (beneficial)
• Study support may be available

• analytical thinking
• stakeholder management
• multi-tasking
• advanced Excel
• reporting/BI tools
• catastrophe modelling

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