A catastrophe modeling job involves analyzing and assessing the potential impact of catastrophic events (e.g., natural disasters like earthquakes, floods, hurricanes) on assets, infrastructure, and populations. The role typically includes developing, refining, and applying mathematical models to predict and evaluate risks, helping companies (such as insurers or government agencies) prepare for and mitigate the financial impact of such events. Responsibilities may also include data analysis, scenario testing, and collaborating with cross-functional teams to inform risk management strategies. Proficiency in data science, programming, and a strong understanding of geophysical or environmental factors are often required.
Skills Set Required (Mandatory)
• 5 to 8 Years’ experience
• Hands on experience on AIR (Touchstone / TS Re and CATRADER) software
• Experience in CAT Modeling Industry
• Should understand & interpret CAT Modeling losses.
• Understanding of policy structure (layers, limits, deductibles) and how it works in insurance industry
• Insurance & Re-insurance Subject, Underwriting concepts
• Attention to detail and superior communication skills.
• Experience in Open Market & Binder account processing & auditing
• Proficiency in Excel and SQL & Analytical skills
Desirable Skill Set Required (Add-on): Writing Macro’s using VB scripts, Underwriting concepts.
The position in Data Services team offers an interesting range of responsibilities includes Cleansing, augmenting, Validating, preparing catastrophe model exposure data for different Line of Business, Applying Insurance & Re-insurance policy conditions, analysis of client exposure data against to different perils, quantifying natural catastrophe risk based on catastrophe modeling software and reviewing of work (accounts) done by analysts, Maintain clients Turn Around Time and quality all the time. Should understand & interpret the losses, Understanding of Touchstone product and database structure.
Maintain/manage account log sheet, Assign the work to team members, Audit/review the accounts done by risk analysts, manage the workflow in absence of Team Lead/Manager, raising client queries, attention to detail and superior communication skills.