Catastrophe Analyst

AIG•Boston, MA

21h•Onsite

About The Position

Join AIG as a Catastrophe Research Analyst to take your career to the next level with a global market leader. This role is part of AIG’s Catastrophe Research & Validation Team, which includes members in the US, London, and Bengaluru, India. The position involves collaboration with this team, external vendors (Moody’s, Verisk, KatRisk), and internal teams building bespoke tools. The job holder will lead the review and take ownership of specific peril region models as directed by the Head of Catastrophe Research & Validation. You will support the development of AIG’s internal view of risk for Natural Catastrophe, Terrorism, and other First Party Perils, and contribute to implementing industry-leading analytics, research practices, and model development across the organization. The role also involves supporting AIG’s assessment of climate change and its impacts.

Requirements

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
Excellent understanding of the science of catastrophe modelling, and hands on experience writing model reviews and validation
A knowledge of catastrophe models including their strengths and weaknesses, and demonstrated expertise in the science of one or more peril regions
An understanding of climate change and its impact on insurance, and an interest in developing analytics and thought leadership in this area
An ability to communicate technical concepts in a non-technical manner
Excellent communication, presentation, and interpersonal skills
Strong programming skills including R, Python, and SQL

Nice To Haves

Experience using RMS is preferred

Responsibilities

Lead innovative research on catastrophe risk, with a focus on peril regions most material to AIG
Support the development standardised best practices and 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 impacts to 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 process
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.