
Actuary - Climate Risk Specialist
3 hours ago
Transforming Insurance with Data-Driven Solutions
Job Overview:- Analyzing complex datasets to identify trends and develop predictive models for climate-related events is a key responsibility of this role.
- The position involves designing and implementing parametric insurance products based on satellite and climate data.
- Actuaries will use mathematical and statistical techniques to assess probabilities and financial impacts of climate risks.
- Collaboration with data scientists and geospatial experts is necessary to integrate satellite imagery into actuarial models.
- Pricing models for parametric insurance products must be developed based on trigger events and payout structures.
- Evaluating and minimizing basis risk in parametric insurance solutions is a critical aspect of the job.
Key Highlights:
- Parametric insurance models utilizing satellite imagery and climate data offer innovative solutions.
- Rapid, transparent payouts based on predefined triggers are a major benefit.
- This role involves developing insurance solutions addressing climate change and extreme weather events.
- A degree in Actuarial Science, Mathematics, Statistics, or a related field is required.
- Associate or Fellow designation from a recognized actuarial society (e.g., SOA, CAS) is necessary.
- At least 5 years of experience in actuarial work, preferably in property and casualty insurance, is required.
About the Opportunity:
- This role offers the chance to work at the forefront of innovative insurance solutions.
- The combination of actuarial expertise with cutting-edge geospatial technology presents exciting opportunities.
- Addressing the challenges of climate change and extreme weather events is a significant aspect of this role.
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