Parametric Insurance Specialist

22 hours ago


Erode, Tamil Nadu, India beBeeInsurance Full time ₹ 75,00,000 - ₹ 1,25,00,000

Geospatial Actuary Role

Job Description:

We are seeking an experienced Geospatial Actuary to join our team and contribute to the development of innovative parametric insurance models. As a key member, you will utilize geospatial analytics and climate data to create cutting-edge solutions addressing climate change challenges.

The ideal candidate will possess strong analytical skills and expertise in actuarial science, mathematics, or related fields. Proficiency in statistical analysis and modeling software, as well as experience working with geospatial data and GIS software, is highly desirable.

  • Develop and implement advanced parametric insurance models incorporating satellite imagery and climate data.
  • Analyze complex datasets to identify trends and predict climate-related events.
  • Collaborate with data scientists and geospatial experts to integrate satellite data into actuarial models.
  • Evaluate and minimize basis risk in parametric insurance solutions.
  • Design and implement pricing models for parametric insurance products based on trigger events and payout structures.

Required Qualifications:

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
  • Associate or Fellow designation from a recognized actuarial society (e.g., SOA, CAS).
  • 5+ years of experience in actuarial work, preferably in property and casualty insurance.
  • Strong analytical and problem-solving skills.
  • Proficiency in statistical analysis and modeling software (e.g., R, Python, SAS).
  • Experience working with geospatial data and GIS software.

Preferred Qualifications:

  • Advanced degree in Climate Science, Remote Sensing, or a related field.
  • Experience with machine learning and artificial intelligence applications in insurance.
  • Familiarity with satellite data sources and processing techniques.
  • Knowledge of blockchain technology and smart contracts for parametric insurance.

Key Competencies:

  • High level of numeracy and strong mathematical skills.
  • Excellent IT skills, particularly in statistical software and databases.
  • Strong business acumen and genuine interest in the insurance industry.
  • Self-discipline and ability to work independently.
  • Teamwork and collaboration skills.
  • Commitment to continuous learning and professional development.

This role presents a unique opportunity to be at the forefront of innovation in the insurance industry, combining actuarial expertise with cutting-edge geospatial technology to address climate change challenges.



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