Catastrophe Analyst
Catastrophe Analyst

Catastrophe Analyst

Full-Time 60000 - 80000 ÂŁ / year (est.) Home office (partial)
AIG

At a Glance

  • Tasks: Lead innovative research on catastrophe risk and support model development.
  • Company: Join AIG, a global leader in insurance and risk management.
  • Benefits: Comprehensive health benefits, financial security, and professional development opportunities.
  • Other info: Collaborative environment with opportunities to work globally and grow your career.
  • Why this job: Make a real impact on climate change and catastrophe modelling.
  • Qualifications: PhD or Master’s in relevant fields and 3+ years of experience required.

The predicted salary is between 60000 - 80000 ÂŁ per year.

Join us as a Catastrophe Research Analyst to take your career to the next level with a global market leader.

Make Your Mark in Cat Modelling

AIG’s model validation and research group consists of team members in the US & London, and an outsourced team in Bengaluru, India. The role will involve collaboration with this team, with multiple external vendors (Moody’s, Verisk, KatRisk), and with internal teams building bespoke tools. The job holder will lead the review of and take ownership of specific peril region models as directed by the Head of Catastrophe Research & Validation.

How You Will Create An Impact

This role will be part of AIG’s Catastrophe Research & Validation Team. You will support the development of AIG’s internal view of risk for Natural Catastrophe, Terrorism, and other First Party Perils. Working with the Head of Catastrophe Research & Validation and other Cat Modelling Leaders, the job holder will support the implementation of industry‑leading analytics, research practices, and model development across the organisation.

Key Responsibilities

  • Lead innovative research on catastrophe risk, with a focus on peril regions most material to AIG
  • Support the development of standardised best practices and a view of risk strategy
  • Support end‑to‑end catastrophe model evaluation across the company:
  • Implementing AIG’s View of Risk
  • Validating new and existing vendor models
  • Proposing adjustments to vendor out‑of‑the‑box views
  • Implementing model change and upgrades
  • Support AIG’s assessment of climate change and its impacts on climate‑related perils worldwide
  • Support climate‑change engagement with internal and external stakeholders
  • Work with Enterprise Risk Management partners to ensure views of risk are clearly documented and communicated in line with AIG’s model risk management policies
  • Support short‑ and medium‑term efforts to transform internal catastrophe modelling processes
  • Closely collaborate with functions such as Risk Engineering, Actuarial, Underwriting, and ERM to share insights and best practices across the organisation
  • Partner with the Data Office on strategic data initiatives, including supporting vendor/data provider capability assessments and contract reviews
  • Qualifications

    • PhD or Master’s degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject
    • 3+ years of experience in catastrophe research or model development, experience using RMS is preferred
    • Excellent understanding of the science of catastrophe modelling, and hands‑on experience writing model reviews and validation
    • Knowledge of catastrophe models, including their strengths and weaknesses, and demonstrated expertise in the science of one or more peril regions
    • Understanding of climate change and its impact on insurance, and an interest in developing analytics and thought leadership in this area
    • Strong interest in the impact of modelling on underwriting decision making
    • Ability to communicate technical concepts in a non‑technical manner
    • Excellent communication, presentation, and interpersonal skills
    • Strong programming skills including R, Python, and SQL

    Benefits

    AIG provides a Total Rewards Program that includes health, wellbeing, financial security, and professional development benefits designed to bring peace of mind to you and your family.

    EEO Statement

    AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

    Catastrophe Analyst employer: AIG

    AIG is an exceptional employer for a Catastrophe Analyst, offering a dynamic work environment that fosters collaboration across global teams in the US, London, and Bengaluru. With a strong commitment to employee growth, AIG provides comprehensive benefits including health, wellbeing, and professional development opportunities, ensuring that you can thrive both personally and professionally while making a significant impact in the field of catastrophe modelling.
    AIG

    Contact Detail:

    AIG Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Catastrophe Analyst

    ✨Tip Number 1

    Network like a pro! Reach out to current or former employees at AIG on LinkedIn. Ask them about their experiences and any tips they might have for landing the Catastrophe Analyst role. Personal connections can give you insights that job descriptions just can't.

    ✨Tip Number 2

    Prepare for the interview by brushing up on your technical skills. Since this role involves programming in R, Python, and SQL, make sure you can confidently discuss your experience with these languages. We want to see you shine when it comes to those technical questions!

    ✨Tip Number 3

    Showcase your passion for catastrophe modelling and climate change. During interviews, share any relevant projects or research you've done. This will demonstrate your commitment to the field and how you can contribute to AIG's mission.

    ✨Tip Number 4

    Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining AIG and being part of our innovative team.

    We think you need these skills to ace Catastrophe Analyst

    Catastrophe Modelling
    Model Validation
    Research Skills
    Climate Science
    Natural Hazards
    Applied Statistics
    R
    Python
    SQL
    Communication Skills
    Interpersonal Skills
    Presentation Skills
    Data Analysis
    Understanding of Climate Change
    Collaboration Skills

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV is tailored to the Catastrophe Analyst role. Highlight your relevant experience in catastrophe research and model development, especially if you've worked with tools like RMS. We want to see how your skills align with what we're looking for!

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about catastrophe modelling and how your background makes you a great fit for our team. Don't forget to mention any specific peril regions you're familiar with!

    Showcase Your Technical Skills: Since this role requires strong programming skills, make sure to highlight your experience with R, Python, and SQL. We love seeing examples of how you've used these skills in past projects or research, so don't hold back!

    Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you're genuinely interested in joining our team at AIG!

    How to prepare for a job interview at AIG

    ✨Know Your Catastrophe Models

    Make sure you brush up on your knowledge of catastrophe models, especially those relevant to AIG. Be prepared to discuss their strengths and weaknesses, and how they impact underwriting decisions. This shows that you’re not just familiar with the theory but can apply it practically.

    ✨Showcase Your Research Skills

    Since the role involves leading innovative research, come ready to share examples of your past research projects. Highlight your experience in model validation and how you've contributed to developing best practices in catastrophe modelling. This will demonstrate your capability to create an impact.

    ✨Communicate Clearly

    You’ll need to explain complex concepts to non-technical stakeholders, so practice simplifying your explanations. Think about how you can convey technical details in a way that’s easy to understand. This skill is crucial for collaboration with various teams at AIG.

    ✨Prepare for Climate Change Discussions

    Given the focus on climate change impacts, be ready to discuss your understanding of this area. Bring insights on how climate-related perils affect risk assessment and be prepared to suggest innovative analytics or strategies. This shows your proactive approach to current industry challenges.

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