Parametric Insurance Advisor

Authority.inc

12d•Remote

About The Position

Authority is developing insurance-focused products, intelligence and advisory offerings for businesses. We are looking for a professional who is currently active in the United States and has direct parametric insurance experience to advise us as we develop and evaluate these offerings. You will provide practical guidance on suitable risks, trigger design, data sources, pricing, basis risk, capacity, distribution and customer adoption.

Requirements

At least 5 years of relevant insurance experience
Currently operating in or closely involved with the the United States insurance market
Up-to-date knowledge of local customers, regulation and market conditions
Firsthand experience with insurance product, underwriting, claims, brokerage or distribution decisions
A valid LinkedIn profile showing relevant professional experience

Responsibilities

Provide practical guidance on suitable risks, trigger design, data sources, pricing, basis risk, capacity, distribution and customer adoption.
Advise on commercial use cases for parametric insurance.
Advise on trigger and payout structure design.
Advise on data quality, independence and verification.
Advise on basis risk and customer suitability.
Advise on underwriting and pricing considerations.
Advise on capacity, reinsurance and risk transfer.
Advise on policy wording, regulation and customer communication.
Advise on distribution through brokers, MGAs, carriers and technology platforms.
Advise on parametric products covering operational, supply-chain, cyber, energy or other measurable commercial risks.