The Role
The Capital team at Canopius calculate, report and embed into the business the group and individual entity solvency capital requirements, in line with local regulatory regimes, reflecting the various risk profiles of the business. This role supports the maintenance and development of Canopius’ capital modelling capabilities and the delivery of key model outputs, including solvency capital requirement submissions, whilst contributing to wider strategic initiatives related to risk appetite, capital optimisation and reinsurance.
Key Responsibilities
- Assisting in updating and running the ReMetrica-based models for changes in the group’s risk profile
- Analysing the impact of such updates on the model output, summarising the results and communicating the movements
- Supporting the maintenance and development of models and analytics suites for the various model uses including reinsurance analysis, risk appetite and strategy
- Supporting the Outwards Reinsurance team in the planning, purchasing and ongoing monitoring of the Group’s reinsurance programme
- Assisting in the claims parameterisation process, including liaising with Underwriting, to derive parameters for the modelled classes of business
- Collaborating with other teams in the Actuarial Function where required, to help gain a breadth of knowledge and skills.
Skills and experience
- High level of numeracy with an excellent examination track record
- Basic understanding of general insurance with willingness to learn and develop expertise
- Strong problem solving skills, including the ability to apply existing knowledge to a new problem in order to suggest solutions
- Highly motivated and enthusiastic, with a proactive approach towards work
- Strong attention to detail and focused on the delivery of high-quality work within agreed deadlines
- Excellent communication skills
- Ability to work in a team environment including:
- Working in an organised manner, producing clear documentation and audit trails
- Recognising the need to seek support appropriately from others in the team
- Building relationships within the Actuarial team and with other teams around the business
About Us
Our benefits
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.