Parametric Insurance Actuary - Geospatial and Climate Risk Specialist

Job Description:

Job Title: Parametric Insurance Actuary - Geospatial and Climate Risk Specialist

We are seeking an innovative and experienced Actuary to join our geospatial analytics startup. In this role, you will be instrumental in developing cutting-edge parametric insurance models using satellite imagery and climate data to address the growing challenges of climate change.

Key Responsibilities:

• Analyze complex data sets to identify trends and develop models predicting 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, including clients and management.
• Work closely with underwriters and claims teams to ensure the successful implementation of parametric insurance products.
• Stay updated on advancements in satellite technology, climate science, and their applications in the insurance industry.

Required Qualifications:

• Bachelor&aposs 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.
• Excellent communication skills, including the ability to convey complex information to non-technical audiences.

Preferred Qualifications:

• Advanced degree in Climate Science, Remote Sensing, or a related field.
• Experience with machine learning and artificial intelligence applications in insurance.
• Familiarity with satellite data sources and processing techniques.
• Knowledge of blockchain technology and smart contracts for parametric 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.
• Strong business acumen and a genuine interest in the insurance industry.
• Self-discipline and the ability to work independently.
• Teamwork and collaboration skills.
• Commitment to continuous learning and professional development.

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 the challenges of climate change and extreme weather events. The successful candidate will play a crucial role in developing parametric insurance products that provide rapid, transparent payouts based on predefined triggers, helping to close the protection gap in both developed and emerging markets.

If you&aposre passionate about using your actuarial skills to make a real impact in the field of climate risk and parametric insurance, we encourage you to apply. Join our team and help shape the future of risk management in a rapidly changing world.