Who we are:
QBE’s European Operations, which accounts for over 27% of QBE Group turnover, is a leading specialist in London market and European commercial lines business. Active in both the Lloyd’s and company market, QBE offers considerable diversity to the broking community. We are a socially responsible company and give our customers the ability to invest a portion of their premiums in environmentally and socially beneficial projects.
The Opportunity:
The Insurance Risk Challenge team at QBE European Operations is dedicated to providing challenge to the business through deep dives commissioned by Executive Management and the Board, performance analysis of the business as well as validation of the capital model under Solvency II. This role offers a unique opportunity for an agile and curious individual who is passionate about challenging existing processes and can offer tailored solutions to problems.
You will work closely with a range of first line functions including underwriting, pricing, capital, reinsurance and finance to add value to the business.
The Insurance Risk Challenge team’s responsibilities do not include the more traditional risk activity, such as Risk and Control Assessments and the ORSA, which are managed by the Enterprise Risk Management team.
Your responsibilities for this role may include, but are not limited to:
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Lead the technical validation of the capital model in line with QBE European Operation’s annual responsibilities to the PRA, NBB and Lloyd’s.
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Lead risk challenge projects to improve business and risk practices, with a focus on insurance risk.
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Lead targeted risk reviews, covering specific risks, embedded risk functions and strategic projects.
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Manage two direct actuarial reports.
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Provide independent challenge on behalf of the Risk function in relevant insurance risk forums or committees.
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Monitor insurance risk appetites and key risk indicators and help to continuously improve risk culture within the business.
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Use validation as a platform to support the business to make better business decisions through improved use of the capital model and improve the awareness and understanding of risk.
