AXA Climate
AXA Climate

Parametric Underwriter - Americas

Join our Americas insurance team as a Parametric Underwriter. In this role, you will be responsible for structuring and pricing weather-related parametric products, establishing underwriting guidelines, managing risk accumulation, supporting business development, designing new products, integrating technology and data, engaging with the market, and supporting negotiations for complex deals. A master's degree in data science, statistics, applied mathematics, or a related field is required, along with 3 to 5 years of experience in insurance/reinsurance or climate-management related industries.

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Job summary
Permanent contract
Paris
A few days at home
Salary: Not specified
Skills & expertise
Stakeholder engagement
Portfolio management
Innovation
Negotiation skills
Key missions

Structurer et tarifer des produits paramétriques liés aux conditions météorologiques pour les clients des États-Unis et d'Amérique latine.

Établir et garantir le respect des directives de souscription pour assurer la cohérence et la conformité avec l'appétit pour le risque.

Collaborer avec les partenaires de réassurance pour sécuriser la capacité nécessaire pour les grandes affaires.

AXA Climate
AXA Climate

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Questions and answers about the job

The position

Job description

Key Responsibilities within the Americas insurance team

Risk Assessment & Portfolio Management

  • Structure and price weather-related parametric products for US and Latin American clients (tropical cyclones, wildfires, drought, hail, tornados, flood, etc.).:

    • Design trigger mechanisms and payout structures adapted to clients needs

    • Develop models and enhance the understanding of the underlying index

    • Provide quantitative and qualitative risk assessment of the perils

  • Establish and ensure adherence to underwriting guidelines to ensure consistency and compliance with risk appetite, compliance standards, internal governance framework and legal requirements.

  • Manage and monitor risk accumulation by peril and geographic region. Identify large deals and collaborate with reinsurance partners to secure necessary capacity.

Product Development & Innovation

  • Support business developers in their mission to grow the pipeline and identify new opportunities for parametric solutions.

  • Design and customize new parametric products, collaborating with pricing, underwriting and legal teams.

  • Integrate technology and data to enhance modeling, underwriting efficiency and to automate the quoting process for selected brokers.

Market Engagement & Stakeholder Collaboration

  • Serve as a key technical contact for business developers and brokers, explaining complex parametric concepts.

  • Champion product adoption by helping create educational materials and conducting workshops for internal teams and external partners.

  • Support negotiations for complex deals, ensuring favorable terms and long-term partnerships with brokers and clients.

Preferred experience

Masters’ degree in data science, statistics, applied mathematics or equivalent.

3 to 5 year-experience in insurance/reinsurance (including broking) or climate-management related industries (including agribusiness, weather/energy)

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