Business Analyst – Lloyd’s Market

A Leading Insurance Services Firm is seeking a highly specialized Business Analyst – Lloyd’s Market to join its global delivery unit. In this pivotal role, you will analyze business operations and capture requirements for syndicates operating within the London specialty insurance market. Furthermore, you will work closely with onshore product managers to translate complex risk allocation policies into clear technical blueprints. Consequently, this position is vital for modernizing underwriting platforms and optimizing processing workflows.

The Business Analyst – Lloyd’s Market must possess a thorough understanding of specialty insurance lifecycles and global open-market placements. Additionally, you will lead the development of detailed Business Requirement Documents (BRDs) and coordinate User Acceptance Testing (UAT) to resolve software bugs. Therefore, the firm is looking for a analytical thinker with strong documentation capabilities and an eye for detail. If you want to work on cutting-edge Insurtech platforms, this Business Analyst – Lloyd’s Market role offers an ideal path.

Key Responsibilities

• Gather, analyze, and document complex business requirements for Lloyd’s of London specialty insurance systems.
• Draft comprehensive Business Requirement Documents (BRDs) and Functional Specifications with high clarity.
• Perform end-to-end system analysis to map impacted application functions due to proposed system alterations.
• Collaborate with Actuarial Pricing, Underwriting, and IT teams to configure global risk-placement workflows.
• Design detailed unit and functional test plans, including clear metrics for edge-case test validations.
• Provide technical support during User Acceptance Testing (UAT), steering defect analysis and bug remedies.
• Update technical user manuals, release notes, and process workflows post-delivery of software changes.
• Liaise with multiple international stakeholders, including underwriters, brokers, and technical system architects.
• Analyze manual operations across the syndicate value chain to isolate targets for system automation.
• Track delivery timelines on assigned development sprint modules to guarantee timely milestone completions.

Requirements and Qualifications

• B.Tech, BCA, MCA, or an equivalent technical degree with an analytical background.
• 3 to 6 years of experience as a Business Analyst within the Property and Casualty (P&C) insurance sector.
• Mandatory functional knowledge of Lloyd’s market processes, syndicates, and specialty lines of business.
• Superb documentation skills, with proven background creating clear technical and functional specs.
• Strong presentation skills to unpack technical software structures to diverse business users.