Climate Risk Specialist

3 days ago


Jamnagar, Gujarat, India beBeeActuary Full time ₹ 1,50,00,000 - ₹ 2,01,00,000

Job Summary:

A Climate Risk Specialist is required to develop cutting-edge parametric insurance models using satellite imagery and climate data.

Key Responsibilities:

  • Develop predictive models for climate-related events based on complex data sets.
  • Design parametric insurance products that utilize satellite and climate data.
  • Apply mathematical techniques to assess probabilities and financial impacts of climate risks.
  • Collaborate with data scientists and geospatial experts to integrate satellite imagery into actuarial models.
  • Pricing models will be developed for parametric insurance products based on trigger events and payout structures.
  • Evaluate and minimize basis risk in parametric insurance solutions.
  • Prepare reports explaining findings to stakeholders, including clients and management.
  • Work closely with underwriters and claims teams to implement parametric insurance products.

Requirements:

  • 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.

Key Competencies:

  • High level of numeracy and strong mathematical skills.
  • Analytical thinking and creative problem-solving abilities.
  • Excellent IT skills, particularly in statistical software and databases.

This role presents an exciting opportunity to be at the forefront of innovative insurance solutions, combining actuarial expertise with cutting-edge geospatial technology to address the challenges of climate change and extreme weather events.

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