Catastrophe Modelling - Executive

Key Responsibilities

CAT management and modeling services help insurers manage exposures and improve premium risk estimation. In conjunction with expertise in hydrological and geospatial science, the capability unit help insurers model catastrophes for more accurate risk-estimation, identify loss drivers and mitigate the unknown with real, actionable information. It measures CAT exposure and provides models and loss estimates; enhance underwriting operations and pricing strategies; and improve overall decision making.

The job involves Risk Assessment and Pricing, examining of the threshold limits, reporting of exposure and loss changes and the management of the portfolio.

What you'll be doing:

• To ensure exposure information is captured in a precise and accurate manner and within the timeline specified. Understand and put to practice the basic rules of exposure management.

• Gain a deep understanding of different insurance coverages, know location and policy specific data pertaining to different coverages.

• Recognize and comprehend ground level data and associated policy coverages in excel and in allied software to carry out meaningful reporting.

• Data Capture, reporting on a weekly / monthly duration, Analysis of data for different lines of business including Offshore Energy account, Offshore Construction policies, property, terrorism, marine, construction, cargo, hull etc.

• Use of third-party software for the capturing exposure information like insured values, financial limits & retention for different lines of business

• Daily interaction with onshore aggregation team/ underwriters / colleagues to clarify and answer associated queries.

• Produce aggregate report for all class of business as per ACCORD standard on monthly and as and when needed on ad hoc basis.

• Understand worldwide geography and address formats, different occupancies and be responsible for the accurate positioning, cleansing and exactness of worldwide Address data.