Actuarial

The Actuarial team at Beazley has a range of responsibilities under two main areas, relating directly to the financial performance of the business.

Assurance

Assurance functions help protect and strengthen every aspect of a business, from people to performance, systems to strategy, business plans to business resilience. At Beazley our Assurance function is made up of Risk Management, Compliance and Internal Audit.

Ceded reinsurance

The team combine their knowledge of the business requirements with market knowledge and problem solving skills, to advise on reinsurance strategy and pricing. They manage and monitor our reinsurers and brokers and optimise our reinsurer relationships.

Claims

We don't sell widgets, we sell a promise. When a loss happens it is our claims teams that ensure our client gets the right reimbursement.

Unlike many other insurers, our claims managers work alongside our underwriters. They have an in-depth knowledge of our products and this enables us to provide high quality and rapid service, both to our brokers and insureds.

Data management

Successfully being able to share, store, protect and retrieve the ever-increasing amount of data can be the competitive advantage needed to grow in today’s business environment. Our Data Management team helps our people make more informed decisions through the use of data, by working to increase the quality of our data and support people in their analysis of it.

Finance

As well as performing technical account management functions, our Finance team look after and control our financial procedures, conduct financial analysis to help teams make strategic decision, and are responsible for the financial performance reporting for Beazley.

IT

As a company, we pride ourselves on our innovative approach to what we do, and this goes for our IT team too. As the world changes we need to maintain our competitive advantage and IT can play a huge part in that. At Beazley our IT team manages major IT development initiatives, minor system enhancements and general system availability and maintenance.

Marketing and external communications

The Marketing and External Communications team works closely with underwriting and claims teams to develop messages and marketing campaigns that will win more business from brokers and clients, and help retain existing clients. In addition, the team works at a group level to develop the Beazley brand and promote the company to external stakeholders including brokers, clients, prospective employees, shareholders and financial analysts.

Underwriting

At Beazley we’re not a jack-of-all-trades. We focus on specialist areas and aim to understand them better than any of our competitors. We insure a highly diversified portfolio, from risks that include cancellation of major sporting events, to offshore wind farms, kidnap and ransom to cyber-crime.

Underwriting and claims operations

Our operations cover many areas, one of which is Underwriting and Claims Operations (UCO). UCO is one of the most diverse teams within operations and plays a huge proactive and reactive role in the strategic plans of the business. People in UCO have a huge variety of skills and aspirations.