Actuary - Climate Risk Specialist

3 hours ago


Vellore, Tamil Nadu, India beBeeClimate Risk Full time ₹ 11,04,000 - ₹ 1,54,52,000

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.
Requirements:
  • 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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