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Bangalore, KA, IN

Specialist Cat Models

About the Role

We are looking for a candidate with a strong academic record and industry experience in natural catastrophe (NatCat) modelling or non-Cat costing or both, for our Property Underwriting analytics group at Bangalore. This job offers you a chance to join the multifaceted, fast paced world of a highly specialized financial services organization.

You get in-depth exposure to Swiss Re’s proprietary natural perils model platform and costing tools and to natural catastrophe reinsurance business from Swiss Re's global client base. Depending upon your inclination and skills, over time you will have the opportunity to widen your roles in Swiss Re in multiple areas.

You are encouraged to provide quality Underwriting Analytics – primarily NatCat costing to underwriting desks globally, which will include but not limited to:

  • Analysis of property exposure and investigation for data issues
  • Modeling of property portfolios in Swiss Re internal and external risk assessment tools (e.g. Risk Link, MultiSnap, GRP)
  • Advising underwriters in understanding model results, model differences and limitations
  • Collaborating with underwriters in benchmarking model results and costing/pricing of reinsurance contracts
  • Continuously developing and applying best modeling and costing practices
  • Collaborating with the underwriting community abroad and business partners on projects to generate valuable services for Swiss Re
  • Working with underwriters during peak renewal season to model/cost treaty programs
  • Using the findings from underwriting analyses to improve Nat cat models and tools
  • Using insights gained from dealing with large data amounts for building new/sophisticated analytics and client services
  • Analyses of existing insurance markets, solutions, development in insure-tech, competitor's trends.

Job requirements:

  • University degree in the field of natural science or a quantitative field which is closely related to these subject areas – Statistics, Engineering, Sciences
  • 5+ years' experience in insurance/reinsurance industry, preferably with NatCat knowledge and hand-on experience of CAT models like RMS, AIR, EQCAT etc.
  • Understand in-depth insurance and reinsurance concepts
  • Good programming (SQL, VBA, R, Power BI etc.) skills
  • An interest to actively build/improvise costing and pricing techniques for (re)insurance products
  • Strong analytical and critical thinking skills – with a can-do and pragmatic demeanor
  • Should have an intrinsic motivation and like to take ownership
  • Ability to handle/lead multiple projects and deliver in a timely manner including management of collaboration with cross functional teams
  • A track record of successful delivery of complex analysis results to internal or external clients
  • Embrace collaboration and appreciate continuous communication and interaction in a global setting
  • Interpersonal and communication skills, demonstrating a concise and eloquent standard of written and verbal communication

Above all: A Scientific and technological curiosity with the ability to bring new ideas and to constructively challenge the status quo


About Swiss Re


Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.



Reference Code: 123469 



Job Segment: Underwriter, Insurance

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