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1 day ago
We are seeking an experienced and innovative Actuary to join our team. In this role, you will be instrumental in developing cutting-edge parametric insurance models using satellite imagery and climate data to address the challenges of climate change.
Key Responsibilities:
- Analyze complex datasets to identify trends and develop predictive models for climate-related events.
- Design and implement parametric insurance products based on satellite and climate data.
- Use mathematical and statistical techniques to assess probabilities and financial impacts of climate risks.
- Collaborate with data scientists and geospatial experts to integrate satellite imagery into actuarial models.
- Develop pricing models for parametric insurance products based on trigger events and payout structures.
- Evaluate and minimize basis risk in parametric insurance solutions.
- Prepare presentations and reports explaining findings to stakeholders.
- Work closely with underwriters and claims teams to ensure successful implementation of parametric insurance products.
- Stay updated on advancements in satellite technology, climate science, and their applications in the insurance industry.
Required Skills and Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
- Associate or Fellow designation from a recognized actuarial society.
- 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.
- Excellent communication skills.
Benefits:
- This role offers an exciting opportunity to be at the forefront of innovative insurance solutions, combining actuarial expertise with cutting-edge geospatial technology to address climate change challenges.
- The successful candidate will play a crucial role in developing parametric insurance products that provide rapid, transparent payouts based on predefined triggers.
About the Role:
- This is a unique opportunity to apply your actuarial skills to make a real impact in the field of climate risk and parametric insurance.
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