– Key duties and Responsibilities
- Operational delivery of catastrophe risk pricing of treaty reinsurance for key European markets, using vendor models and/or internally developed tools as per SCOR process and guidelines
- Monitoring and validation of used capacity using cat tools e.g. RiskLink, Accumulation platform
- Communicate with underwriters and other internal stakeholders on above
- Support business as required with appropriate projects on nat cat topics, including capacity planning and / or client deliverables
- Lead projects to answer underwriter-specific queries on hazard, vulnerability and model behaviour
- Understand and interrogate vendor models to develop appropriate adjustments for pricing and accumulation to reflect internal view of risk
- Understand and synthesise new developments from the modelling companies
- Contribute to development and implementation of consistent process and procedures for pricing, even when no model available, and best practices for modelling in Hub, including tool development
- Contribute to research related to better understanding of natural perils and other relevant issues, especially meteorology
- Contribute to global transverse initiatives (Cat Systems, Analytics and Governance, wider Reinsurance or Specialty Insurance units).
- Renewal support to other Property Cat markets is expected.
- Participation to seminar and internal training on Cat Modeling
The working environment is geographically and culturally diverse with many multi-disciplinary stakeholders (scientist, engineers, actuaries, underwriters, developers, etc)
– Required experience and competencies
Ideal candidate would have up to 10 years’ experience in a reinsurance company, leading broker or similar
- Strong analytical skills
- User of catastrophe models, predominantly RMS (Risklink)
- Knowledge of reinsurance business
- Knowledge of reinsurance pricing approaches a plus
- SQL, R programming skills
- Clear communicator, able to structure an argument and ability to explain complex issues in a simple way
- Team player, interested in sharing knowledge and helping to develop team
- Self-starter and solution-orientated
- Flexible, can adapt according to priorities
- Expert in Meteorology or climate change a plus
– Required education
Masters or PhD in Science or Engineering associated with Cat Modeling (Natural Science, Mathematics, Engineering, Actuarial Science).
More Information
- Experience Level Junior
- Total Years Experience 0-5
