# Senior Underwriting Risk Analyst
Are you looking for a career where you can make a real impact?
At Markel, we believe what we do matters. Insurance is more than a policy; it's a promise that enables individuals and businesses to move forward with confidence. We are proud of our people-first culture, our entrepreneurial approach, and our commitment to finding solutions to complex risks.
As we continue to grow, we are looking for an Underwriting Risk Analyst to join our Underwriting Strategy & Performance (USP) team. This is an exciting opportunity to work at the centre of underwriting decision-making, helping shape risk appetite, identify emerging exposures, and support profitable portfolio growth across Markel International.
The opportunity
The Underwriting Strategy & Performance (USP) team exists to enable profitable underwriting by supporting strong decision-making, portfolio optimisation and effective governance. We work in partnership with underwriting teams and business leaders to provide insight, challenge and oversight.
Our team brings together expertise across underwriting performance, underwriting risk, technical underwriting, wordings, reinsurance and underwriting oversight.
The Underwriting Risk Analyst will support the development, monitoring and management of underwriting risk across Markel International. Working closely with underwriting, actuarial, exposure management, reinsurance and enterprise risk teams, you will provide insight and analysis that helps the business understand and manage volatility, accumulation risk and emerging threats.
This role offers a unique opportunity to gain exposure to a broad range of insurance classes and strategic underwriting decisions while contributing to the continued development of Markel's underwriting risk framework.
What you'll be doing
•Support the Head of Underwriting Risk and the International CUO develop and own the company's appetite for volatility around the business plan combined ratio.
•Provide analysis and reporting to help identify sources of such volatility, including natural and non-natural perils and emerging risks.
•Monitor portfolio trends and risk indicators, highlighting 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 related governance forums.
•Work collaboratively with Exposure Management, Actuarial, Risk Management, Reinsurance and Underwriting teams.
•Be aware of, and provide analysis on, the specific and systemic risks to Markel International's product portfolio including the impact of external political, economic, social and technological trends that may affect levels of risk.
•Promote a culture of risk awareness and transparent reporting across underwriting divisions.
•Continuously improve Markel's best practices in underwriting risk management, using developments both within and outside the insurance industry.
Our must-haves
•We are looking for someone who is curious, analytical and passionate about understanding risk.
•Strong analytical, problem-solving and organisational skills.
•The ability to work independently on complex analysis while managing multiple priorities.
•Excellent communication and stakeholder management.
•Advanced Microsoft Office skills and experience using reporting, analytics or business intelligence tools.
•Knowledge of catastrophe modelling, exposure management or broader underwriting risk tools, techniques and best practices.
•A sound understanding of insurance and reinsurance principles.
•Progress towards, or interest in pursuing, relevant insurance or risk management qualifications would be beneficial, though not essential. Study support may be available.
Who we are
Markel Group (NYSE – MKL), a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
What's in it for you?
•A great starting salary plus annual bonus & strong benefits package.
•25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
•Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer.
•There are countless opportunities to learn new skills and develop in your career, and support is provided to do just that.
Markel is also happy to consider candidates who are looking for flexible working patterns.
