Senior Catastrophe Model Product Manager in London

Verisk is looking for a passionate, motivated individual to join the dynamic, client facing Model Product Management team in London as a Senior Model Product Manager. You will play a vital role in coordinating the development of Verisk's natural catastrophe models, having opportunities to drive the scope, monitor the execution and facilitate the implementation. You will be at the forefront of bringing these complex and interdisciplinary models to market, ensuring a customer-focused approach throughout the process. This position comes with leadership responsibilities throughout the model lifecycle to drive adoption.

Responsibilities

• Foster close relationships with all key market constituents (customers, consulting, research, engineering, QA & business development) to ensure model strategy currency and relevance.
• Be responsible for the collection of model feedback by developing close relationships with clients built on regular interactions, and through collaboration with the Consulting and Client Services team.
• Conduct thorough business analysis for proposed models and initiatives, including cost/benefit estimates, market trends, competitive analysis, risk analysis, industry best practices, and product development timelines.
• Develop a business case for new models and ensure the scope of updates aligns to the diverse needs of our existing and prospective clients.
• Deliver technical model presentations and answer model questions from varied audiences to support new licence opportunities, model evaluation, and assist clients with the regulatory requirements for a major model change.
• Coordinate the model change management support for London and European market clients. Work with the wider MPM team to ensure effective resources are available to support clients with adopting the updated models in a timely manner.
• Be a spokesperson for Verisk at industry and academic conferences, giving thought leadership based presentations with a model focus and participate in panel discussions. Represent Verisk within wider industry working groups.
• Collaborate with the Research teams to understand how the latest science and innovation can address market needs and translate into (model as a) product requirements and positioning.
• Work closely with the Regulatory and Consulting and Client Services teams to understand market needs for model adoption, periodic regulatory questionnaires and general insurance/climate stress test reporting. Collaborate with the Research team and be responsible for finding effective and timely solutions.
• Work closely with other Verisk business units that have adjacent solutions that serve the same markets as the model, collaborate on go to market plans and discuss model product synergies and future innovations.
• Explore opportunities to use model data-as-a-service within model evaluation, parametric insurance and in underwriting tools, with a primary focus on London, Europe and International markets. Be a key player in defining use cases, delivery mechanism and establishing libraries of existing and future data products.

Qualifications

• 7+ years insurance industry experience
• 5+ years working with CAT modeling products
• Knowledge of the Lloyds market is preferred
• Technical knowledge of multiple natural hazard models (including but not limited to hurricane, earthquake, flood, wildfire, severe thunderstorm)
• Proficiency and passion in oral and written communication, including the ability to articulate complex topics in a concise and easily understandable way.
• Skilled in the identification of client use cases, product value add and the execution of innovation.
• Demonstrated ability in managing long term complex projects that include cross functional teams to successful completion. Ability to balance multiple projects simultaneously.
• The ability to motivate and inspire innovative discussions amongst colleagues is desirable.
• Direct Product Management experience (including Agile practices) is preferred
• A commitment to a client facing role.
• Graduate degree in a STEM field (PhD desirable but will consider Master's degree holders with the right mix of experience)
• Ability to code in languages such as SQL, R, Python will be beneficial. Knowledge of ArcGIS would be desirable.
• Knowledge of Touchstone and Touchstone Re is desirable but not essential.