Read our resource on careers in insurance and risk management, based on advice from geographers working in the sector.
With the UK insurance market worth over £200 billion, and more than 320,000 people working within it, there are huge opportunities for graduates looking to enter the industry, particularly those with specialist knowledge and skills.
Geography is highly relevant for careers in insurance and risk management. Geographers’ abilities to understand and analyse human and environmental changes and hazards are important to risk analysis and management, as is the ability to model risks and to understand impacts on communities and regions.
Roles in managing risk can vary from risk management work in an actuarial context, to project work for a local council or environmental management company, to roles in the finance sector. The technical work of quantifying and mitigating risks can involve using GIS to map hazards, or, in an insurance context, developing models to project risks in a particular place, business or sector. A career in this sector can also involve project management, working with clients and undertaking consultations (in the context of, for example, flood risk management). Opportunities are varied.
Learn more about the paths geographers take in this sector in our career profiles. Search for 'risk' and 'insurance'.
Discover the impact you could have while working in insurance and risk with our case studies. Search for 'risk', 'insurance', and 'disaster'.
CareersInRisk.com – Risk Careers Advice
TargetJobs – Financial Services and Insurance
Prospects – Job Profiles: Political Risk Analyst
Prospects – Environment Agency careers
My role is extremely varied, involving a mixture of office-based work and site visits throughout each week. The role is generally split between two key aspects: planning and flood investigation. The planning part of my role involves reviewing and providing technical advice on the sustainable management of surface water to promote the achievement of sustainable development. The flood investigation side of my role involves assisting with the development of new projects to manage flood risk.
Jessica Prest, Sustainable Drainage Systems and Flood Risk Officer at Cambridge County Council
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A large part of my role is to develop WSP in New Zealand’s capability to help government agencies, local authorities and other clients manage geohazards effectively and efficiently, using GIS and data science. Another part of this role requires me to look for new ways to inform on natural hazard risk and exploring new data sources to facilitate this.
As my role is so varied, there is no such thing as a typical week, which is great as it keeps it so interesting.
John Kreft, Senior Analyst Natural Hazards at WSP
My responsibilities are very varied and include: identifying and bidding for future works; project management; maintaining close relationships with all internal teams, consulting prior to works and taking action to enhance knowledge on all environmental aspects that require attention; responding to Flood Risk Activity Permits (FRAP); using ArcGIS software to visually present projects; and proactively engaging with significant stakeholders.
Katie Boon, Technical Advisor for Flood and Coastal Risk Asset Management at the Environment Agency
Watch our webinar on starting a career in the sector with geography, with panellists Dr Tina Thomson CGeog, William Forde and Prof Richard Teeuw.
The key is to explore different fields early on, try out internships during university to get an idea of which industry appeals to you and speak to professionals in the various fields, and don’t be afraid to ask for a mentor to help guide you. The best opportunity will be through joining a learned society, networking with the student body and by attending meetings and conferences.
Tina Thomson, Head of Catastrophe Analytics EMEA West-South, Willis Towers Watson
Most careers in flood risk involve regular use of GIS. While most roles provide training in this software, prior experience is seen as a valuable skill by employers within this sector. Therefore, I would advise choosing the more GIS-based modules within your degree. In my third year I studied a module on environmental hazards which included coursework which involved producing a report to assess flooding in Salisbury, England and develop a flood protection strategy for the area, with the use of Geographical Information Systems (GIS) to aid this work. This provided skills particularly relevant for my role, which involves assessing Flood Risk Assessments and using GIS on a daily basis.
Research the industry and apply for voluntary work. This could be with councils, consultancies, water companies, engineering companies; there are vast amounts of opportunities. The knowledge you’ll gain from this is invaluable and there are so many different pathways to explore.
Andrew Fielding, Flood Risk and GIS Analyst for JBA Consulting
Featured image: UAV photogrammetry image of Loubiere, Dominica, showing damage caused by Hurricane Maria courtesy of Toby Meredith, copyright University of Portsmouth
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