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    4. Risk Analyst Graduate Programme (London)
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    The Hiscox Group Underwriting Risk and Reinsurance function at a glance:

    Our Group Underwriting Risk and Reinsurance function is responsible for ensuring our largest risks are identified, understood, measured, priced and hedged effectively. In essence, making sure that Hiscox is ready for the next major event – the risks we face range from Hurricanes and Earthquakes to Cyber Attacks and Mass Outages (think Facebook and Instagram servers failing in mid-2021 and its ramifications) or Financial Crises and Pandemics. Our potential losses are measured in the billions of dollars so it’s critical that we understand and monitor them and stay ahead of any emerging trends. Our experts have a wide range of backgrounds, from Economics, Geography, Engineering, Meteorology, Security Science to Maths and Physics – all collaborating together and using these diverse experiences to drive results and influence the direction of the business.

    As a Risk Analyst Graduate you can expect to:

    • Gain a broad understanding of the different areas of the business, gaining unique insight from experts across a wide range of fields
    • Support the team in communicating our level of risk to senior management through providing analysis to influence key strategic decisions across the group  
    • Liaise with senior stakeholders from the start with the opportunity to influence strategy and make a real contribution to the team you’re working in
    • Receive on-the-job training as well as a structured learning programme ranging from technical knowledge to interpersonal skills
    • Receive full financial support and study leave to gain relevant professional qualifications
    • Be part of an international graduate cohort, gaining a global network of peers across the business
    • Receive support and guidance from our Early Careers Team, your Grad Buddy, and Senior Sponsor

    Your rotations explained:

    On our Risk Analyst Graduate Programme, you will spend time across the three core areas of the function to provide you with a broad exposure and to develop your technical skills: 

    Establishing risk appetite

    The team work with underwriting to identify which areas they can expand in, and where they need to contract. This enables us to understand in which of our business lines it is most profitable to take risk, and therefore where we should be taking bigger, or smaller bets. 

    Reinsurance Purchasing & Analytics

    The team will understand and measure the risk, and buy protections in the most efficient way for the best price available to manage the risk within our risk appetites. 

    Risk monitoring

    Throughout the year the team maintain, enhance and use a range of tools, including the Group Capital Model and external catastrophe modelling systems, to assess the level of risk we take as a group. Expertise is split into three key areas: Property, Cyber and Casualty.

    Property - Natural catastrophes and man-made catastrophes like Terrorist Attacks or Explosions. 

    Cyber – An area of emerging risk, with potential losses ranging from Hacking and Data Theft to Service Outages or Blackouts. 

    Casualty - A wide range of risks where an organisation or individual can be held legally responsible, with ever-changing scenarios from AI to climate change litigation.

    Is this opportunity for you?  

    • Do you have excellent analytical skills, with the ability to interpret, analyse and provide insight from data quickly and efficiently?
    • Are you someone who is curious about how current affairs impact Insurance and risk, with an eagerness to learn and try new things?
    • Are you motivated by making a difference and driving commercial, business decisions?
    • Do you have strong interpersonal skills with the ability to build relationships with a diverse range of individuals?
    • Do our core values (Courage, Ownership, Human, Connected, Integrity) resonate with you?
    • Do you have the courage to ask questions, challenge the way things are done and put your own ideas forward?

    Requirements

    • 2:1 (predicted or obtained) ideally in Maths, Physics, Engineering, Geography or Economics (although we are open to different analytical degree backgrounds) (UK or international equivalent).
    • Fluent business English, numerate, strong interpersonal skills, strong written and verbal communications skills.
    • Permission to work in the UK.

    We want to invest in your long-term future at Hiscox, from the start. You will join on a permanent contract and at the end of the programme (December 2026), you will have the opportunity to move into a more senior level role within Hiscox. 

    Applications will be reviewed and progressed in order of submission date, and opportunities may close early if we receive a high volume of applicants. Therefore, we recommend that you apply as soon as possible.

    If the opportunity you initially apply for is filled, we will endeavour to consider your application for any other remaining opportunities.