CAT Modeling Referrals

WNS is hiring CAT Modeling professionals for a global reinsurance client across below mentioned skill-mix. Kindly refer to the job description mentioned against the desired skill-mix.

1. Portfolio Modeling

2. Reinsurance

3. Data Cleansing

4. Model Validation

5. Technical Solution (SQL Query)

JOB DESCRIPTIONS:

1. Portfolio Modeling

Good understanding Cat Modeling process and workflows

Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) for insureds and perform portfolio risk analyses.

Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms through coding in RMS and SQL.

Assist clients in the understanding of catastrophe risk of individual insured through analytics based on catastrophe model results.

Provide analytical support to catastrophe modeling team operations by sharing knowledge and information Develop processes and scripts for process improvements

Provide timely and frequent feedback to team members.

Preparing MIS reports

Training and mentoring of team members inducted in the pricing process.

Assisting in monthly post bind and portfolio rollup activities.

Ensure all SLAs are met Communication with onshore SPOCs at regular intervals.

2. Reinsurance:

• This position is responsible for catastrophe modelling and exposure management services for all (Re) Insurance books of the company.
• These services will include, but are not limited to, data preparation, account modelling and portfolio roll-ups and reporting, exposure management and other ad-hoc modelling activities.
• The ideal candidate should be able to understand property and casualty insurance industry terminology and have prior experience working with AIR, RMS, Impact Forecasting and any other catastrophe models.
• Additionally, this role requires implementation of new tools, development of new cat pricing workflows and methodologies while working with wider Cat Modelling team to find innovative efficient solutions to current processes.
• This position will be based in our Gurgaon office with a hybrid schedule of working.

3. Data Cleansing:

Understanding and preparing exposure data for multiple lines of business.

Working on complex and large datasets using MS-Excel.

Data cleansing and analysis of COPE information (Construction, Occupancy, Protection and Exposure) and secondary modifiers.

Validating exposure data against set guidelines.

Prepare import files for RMS modelling platform.

Geo-Coding the exposure data using Risk Link.

Modelling accounts in RMS/AIR platforms, prepare results and provide modelling insights,

Ensure timely completion of all deliverables.Preferred Skills/Knowledge

Knowledge of Insurance and Cat Modelling

Knowledge of RMS RiskLink

Good working knowledge of MS-Office Word, Excel and Access

Working knowledge of SQL and Python is preferred

Excellent communication skills

4. Model Validation:

: Perform model validation and provide recommendations on model use and/or required adjustments.

Work with internal teams and external data providers on analysis, utilising available data including scientific information, claims and insured exposure

Contribute to and lead Group projects as required, liaising with other teams globally.

Produce customised reports on exposure and modelled results.

Evaluate re/insurance pricing for individual accounts and product classes.

Analyse catastrophe reinsurance structures and strategies to support reinsurance placements.

Assist with the analysis of real time events and identify learnings from post-event reviews.

Strong analytical and numerical ability, in order to interrogate large datasets

Experience of working with re/insurance catastrophe data and/or catastrophe modelling software

Excellent written and verbal communication skills, and the ability to explain technical concepts clearly

Intermediate/Advanced Excel skills

Pro-active attitude to identifying inefficient processes and developing improvements

Desirable Requirements

Knowledge of commercial insurance and/or the catastrophe modelling industry

Sound working knowledge of RMS/AIR and any other vendor modelling platforms

Coding experience in a relevant language (e.g. SQL, VBA, R, C#) Experience in using mapping software (e.g. GIS)

5. Technical Solution (SQL query):

• Catastrophe Modelling Analyst in the Accumulation Management department, working with the Technical Solutions team
• The Technical Solutions team is focused on developing customized in-house tools and databases for the Accumulation Management team, to streamline processes and organize data in an efficient manner
• Technical role with large potential for growth in responsibilities
• Develop an understanding of existing Catastrophe Modelling processes, licensed software, and the various in-house tools used to automate processes
• Maintain existing Accumulation Management tools. Debug errors in the code when users experience issues
• Assist users with technical questions. Explain how tools work and deliver training sessions when required
• Test new functionality prior to launch to ensure that tools are working as intended
• Support team to design and develop new tools to automate processes. Update user guides when needed
• Work with colleagues around the globe on ad-hoc projects

Nitu Sharma

Talent Acquisition Group