Reinsurance Analyst

Reinsurance is the practice of insurers buying insurance from other insurers. A Reinsurance Analyst examines those arrangements in detail. The work involves reviewing treaty and facultative contracts, assessing how much risk is being transferred, checking that pricing reflects the underlying exposure, and producing reports that help senior underwriters and executives make decisions. The role is analytical and detail-focused. It sits inside the broader insurance and financial services sector, typically within a specialist reinsurance company or the reinsurance division of a large insurer.

A typical day could include pulling loss data from internal systems and checking it against contract terms, preparing a summary of a cedant's claims history for a renewal negotiation, or modelling different risk-sharing scenarios in a spreadsheet. There may be calls with brokers or overseas reinsurance partners to clarify contract wording. Reporting deadlines are common, so time management matters. The pace varies: quieter periods involve background analysis, while renewal seasons can be demanding.

A bachelor degree in actuarial studies or finance is the typical entry point for this role (JSA Occupation Profile). Some employers may also consider degrees in mathematics, statistics, or economics if the candidate has relevant analytical skills. Postgraduate study or progress toward actuarial fellowship through the Actuaries Institute could strengthen a candidate's position over time. For those considering retraining, yourcareer.gov.au lists relevant courses, and it is worth checking dewr.gov.au/skills-reform/free-tafe for any subsidised study options in your state or territory.

The honest challenge with this role is that it is a narrow specialism inside an already specialised industry. Breaking in from outside insurance is difficult without a relevant degree and some grounding in how insurance contracts work. The analytical demands are real: errors in risk assessment can have significant financial consequences for an employer. Renewal seasons can be intense, with tight deadlines and pressure from multiple stakeholders at once. Career progression often depends on building deep technical knowledge over several years, and the small size of the Australian reinsurance market means senior roles are limited. Changing into this occupation from an unrelated field is possible but typically requires formal retraining and a willingness to start at a more junior level.

Published for ANZSCO unit group 2221, the wider group this job sits in, not for this job on its own.

This is the median for full-time employees who are not managers and are paid at the adult rate, before tax and salary sacrifice. It is a guide to what the work pays, not a wage rate.

Source: ABS Survey of Employee Earnings and Hours, May 2025, customised report.

• Attention to Detailcore
• Basic Arithmetic and Numerical Accuracycore
• Microsoft Excel Data Managementcore
• Problem Solvingcore
• Regulatory and Legislative Awarenesscore
• Reporting and Analyticscore
• Research and Analysiscore
• Risk Identificationcore
• Stakeholder Communicationcore
• Time Management and Prioritisationcore
• Verbal Communicationcore
• Written Communicationcore
• Adaptability and Flexibility
• Continuous Learning and Upskilling
• Goal Setting and Planning
• Invoice Matching and Reconciliation
• Negotiation
• Power BI Reporting and Dashboards
• Process Improvement Identification
• Workload Self-Management

• ABS OSCA 2024, occupation definition and task statements
• ABS Survey of Employee Earnings and Hours, May 2025, customised report.

Role data is drawn from official Australian Government sources, and each figure names where it comes from. Where a role is not in the ABS classification, the page shows no government figures for it. Data may not reflect every local variation.

Where our numbers come from.

Last updated: 30 October 2026