Senior Catastrophe Research Analyst

Company: Arthur J. Gallagher & Co. (AJG)
Location: Minneapolis
Posted on: November 20, 2023

Job Description:

IntroGallagher is a global leader in insurance, risk management and consulting services. We help businesses grow, communities thrive and people prosper. We live a culture defined by The Gallagher Way, our set of shared values and guiding tenets. A culture driven by our people, over 40,000 strong, serving our clients with customized solutions that will protect them and fuel their futures. As a member of our global brokerage team, you'll help our clients address risk, protect assets and recover from losses. OverviewAbout the teamThe Model Research and Evaluation is a multi-national team of enthusiastic and team-oriented individuals with different specialities (Earthquake, Windstorm or Flood), who work closely with our research partners and internal stakeholders to translate the latest science and technology into solutions to help clients manage their natural catastrophe risk. Catastrophe modelling plays a key role in the (re)insurance industry, helping to determine the capital and reinsurance requirements of (re)insurance companies. Several catastrophe modelling options are available in the market, and it is very important to understand their strengths and weaknesses, as well as develop alternative solutions, to help Gallagher Re clients to form their 'view of risk'. The role of the Model Research and Evaluation team is rapidly expanding, as more data becomes available, more models are built, regulation makes stricter demands on model users and, generally, the sophistication of model users increases. ResponsibilitiesAbout the roleThe Senior Catastrophe Research Analyst will work within the Gallagher Re's Global Model Research and Evaluation team and will lead and coordinate model research and evaluation projects to ultimately define the Gallagher Re view of catastrophe risk for a peril/region and inform (re)insurance decision making and enhance internal Research and Evaluation framework. -Key Responsibilities

• The main responsibility is the evaluation and assessment of catastrophe risk models.
  • This process involves: -
  • collecting and processing third party data, e.g. atmospheric observations, hazard layers, outputs from climate change models, academic vulnerability curves, etc
  • analysing and validating catastrophe model outputs -
  • producing/editing evaluation reports to present at internal and external stakeholders.
  • Enhance the design, planning, coordination, and production of relevant model sensitivity analyses for different territories (world-wide coverage)
  • Research specific topics related to catastrophe (with an increasing focus on climate change for the atmospheric perils) from the scientific literature as requested by our clients.
  • Communicate effectively with team members, business-units and brokers.
  • Collaborate with and provide guidance to junior specialists of the team to undertake model evaluation and adjustment projects.
  • Collaborate with model vendor experts to understand their new models / model updates and compare / contrast choices made between vendors models.
  • Write reports, create presentations, produce plots and proof-read documents.
  • Support team members in automating output generation processes.
  • Liaise with offices and teams world-wide and participate in business-travel as required. QualificationsRequirements
    • Degree (MS/MSc/PhD) in any subjects related to Earthquake, Windstorm or Flood risk (e.g. civil engineering, geophysics, atmospheric science, catchment hydrology)
    • At least 4 years of experience in the industry
    • Excellent written and oral communication skills
    • Good Knowledge of programming in R, Python or equivalent
    • High level of competence with MS Office (Excel, Word, PowerPoint)
    • Experience in visualising spatial data (R, ArcGIS/QGIS, Python or equivalent)#LI-CM1 Additional Information to review our U.S. Eligibility RequirementsWe offer competitive salaries and benefits, including: medical/dental/vision plans, life and accident insurance, 401(K), employee stock purchase plan, educational expense reimbursement, employee assistance program, flexible work hours (availability varies by office and job function), training programs, matching gift program, and more.
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Keywords: Arthur J. Gallagher & Co. (AJG), Minneapolis , Senior Catastrophe Research Analyst, Professions , Minneapolis, Minnesota