Catastrophe Modelling

The incumbent be responsible for leading medium complex renewals; the modeling span for projects requiring independent working is typically between 4 to 6 weeks. The complexity levels of tasks are usually high.

Responsibilities include:

• Model input preparation - Includes data preparation as well as data scrubbing using SQL/Excel.
  • Analyzing the exposures - Includes geocoding the exposures, implementing modeling assumptions accurately in the modeling process, ensuring correct model and peril settings, etc. in order to quantify insurers' catastrophe loss potential.
  • Generating reports - Includes using internal tools like iFM, WorkFlowManager for creating exposure as well as loss summary reports, visualizing various statistics by creating maps using SpatialKey, ArcGIS, etc.
  • Running proprietary models - Running customized peril analysis using WTW proprietary models.
  • Model Sensitivity Analysis - Testing the change in model output with change in input parameters.
  • Answering SRQ - using internal tools and modeled losses for answering Natural Catastrophe portion of SRQs.
• Modeled loss investigation Undertake studies to find drivers of losses and validate the loss movements. May need some support from the seniors for complicated loss movements .

The incumbent will also be expected to co-ordinate and communicate with the onshore lead analyst as and when needed in order to

• discuss the progress made as well as any items of significance
• seek feedback and suggestions

Required Educational Qualification & Relevant experience

• Graduate/Post-Graduate in any Quantitative Discipline, preferably, but not limited to, Mathematics/Statistics/Economics, Engineering, etc.
• 5+ years of relevant experience