Exposure Management Analyst

Job Locations UK-London
Job Post Information* : Posted Date 2 months ago(04/04/2023 17:16)
Job ID
# of Openings
Underwriting Management


Exposure Management Analyst

Grade: 4
Reporting to: Exposure Manager
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.

The role


The Exposure Management Analyst is a newly created role, supporting the Exposure Manager through IQUW’s expansion to underwrite Specialty, Commercial and Reinsurance business, ensuring that syndicate aggregate exposures are managed in accordance with the Syndicate risk appetite.

It is a unique opportunity to work in a rapidly evolving and fast-growing environment, where exposure risk management and analytics are at the core of our business.

We are looking for an individual that will bring a strong level of expertise and contribute to the development of robust and innovative analytics in order to drive IQUW to achieve a highly profitable and optimised portfolio.


Key responsibilities


Catastrophe lines of business

  • Supporting the Exposure Manager, ensuring catastrophe exposure is well understood, measured and clearly communicated across the business
  • Underwriting: to aid in the development of robust aggregate exposure positions and modelled scenarios in close collaboration with, but independent of, underwriting teams to support the deployment of available risk appetite. Aid in the development of IQUW ‘View of Risk’, deploying commercial catastrophe modelling software to reflect IQUW’ best view of catastrophe events from a severity and frequency perspective. This will include proprietary adjustments and potentially a range of outcomes through deployment of multiple of views of risk
  • Providing ‘real time’ roll up of aggregate positions to support ‘real time’ underwriting decisions – both to provide control and to optimise use of risk appetite
  • Working with the Underwriting Support team to ensure the smooth and effective execution of IQUW Catastrophe Modelling procedures via external model and solution providers
  • Support the new, growing underwriting teams by providing regular exposure reports and guidance on modelled output to enable underwriters to make informed underwriting decisions
  • Assist the Exposure Manager in filing returns for Lloyds (e.g. LCM / RDS), and other regulators when required
  • Assist with the development, update and monitoring of RDS’s
  • Develop tools to automate Exposure Management processes
  • Assist in the preparation of reinsurance data submissions
  • Involvement in ad-hoc projects to continue to enhance Exposure Management capabilities throughout IQUW



  • Involvement in delivering an optimised reinsurance structure and ensure exposures are covered in line with risk appetites


Non-Catastrophe lines of business

  • Aid in the design of systems and processes to support management and monitoring of the Group’s aggregate exposures (natural catastrophe and non-natural)
  • Development of deterministic scenarios where new/developing risks have been identified
  • Produce regulatory exposure management reports and ensure submission requirements and deadlines are met

Support the Exposure Management Lead in building capability to assess and communicate non-cat exposure, including non-physical catastrophes


Event Response

  • Supporting the Exposure Manager in assessing the gross and net costs of major events as they arise


Essential qualifications, skills and experience


  • Strong exposure management knowledge and expertise in modelling natural/non-natural catastrophe risk
  • PhD (or MSc minimum) in atmospheric sciences, seismology, engineering, physics, or related fields
  • Experience of working with commercial modelling and exposure management software
  • Strong analytical and developments skills in Python, R, SQL, or similar programming languages
  • Knowledge of both Lloyd’s and PRA requirements and Solvency II requirements
  • Strong written and face to face communication skills
  • Have or develop a good network outside IQUW related to exposure management matters


Desirable behavioural attributes


  • Strong analytical skills with a keen eye for detail
  • Driven – a completer
  • Ambitious and inquisitive, keen to work closely with Exposure Managerto build out a best in class Exposure Management function
  • Collaborative
  • Organised
  • Self-starter


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