Catastrophe Modeling
Willis Towers Watson
Thane, Maharashtra
6d ago

Scope of the role

The incumbent will be responsible for leading renewal, intermittent and RFP modeling on highly complex accounts; the modeling span typically ranges from 6 weeks for entry accounts at this level to 4 months for larger accounts.

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 SpatiaKey, 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 as well as Terrorism portions of SRQs.
  • Validating losses conducting loss feasibility studies to validate modeled losses.
  • Model change management stay updated with changes in models and conduct studies to estimate the impact on modeled client losses.
  • Leading RFPs Utilize the extensive modeling experience in leading RFPs where prospects usually do not share any data.
  • Optimizing reinsurance Model different reinsurance structures to identify the optimum structure in order to maximize client profitability.
  • Mentoring Mentor specific junior analysts in the team dedicatedly in order to minimize their learning curve.
  • Training Participate in training programs in order to train new recruits.
  • Knowledge share Conduct regular knowledge share sessions within and / or outside the team
  • Leading eVENT Response help coordinate the live eVENT response, generating reports and managing client interactions on timely basis
  • The incumbent will 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
  • The incumbent is also expected to co-ordinate and communicate effectively between multiple offices and stakeholders on a regular basis in order to

  • discuss project plan and resource allocation
  • discuss the progress made as well as any items of significance
  • seek feedback and suggestions
  • share insights into modelled losses and reports
  • act as the main coordinator between multiple stakeholders
  • Bachelor's degree

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