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, serving as a key technical contact, championing product adoption, and supporting negotiations for complex deals. A master's degree in data science, statistics, applied mathematics, or equivalent, along with 5 years of experience in insurance/reinsurance or climate-management related industries, is required.
Suggested summary by Welcome to the Jungle
Structuring and pricing weather-related parametric products for clients in the US and Latin America, including designing trigger mechanisms and payout structures.
Establishing and ensuring adherence to underwriting guidelines, managing and monitoring risk accumulation by peril and geographic region.
Supporting business developers in identifying new opportunities for parametric solutions, designing and customizing new parametric products.
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.
Masters’ degree in data science, statistics, applied mathematics or equivalent.
5 year-experience in insurance/reinsurance (including broking) or climate-management related industries (including agribusiness, weather/energy)
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