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Gallagher, a global industry leader in insurance, risk management, and consulting services, boasts a team of over 50,000 professionals worldwide. Our culture, known as "The Gallagher Way," is driven by shared values and a passion for excellence. At the heart of our global operations, the Gallagher Center of Excellence (GCoE) in India, founded in 2006, upholds the values of quality, innovation, and teamwork. With 10,000+ professionals across five India locations, GCoE is where knowledge-driven individuals make a significant impact and build rewarding, long-term careers.
Overview
Catastrophe Modelers quantify catastrophe loss potential of risk exposures carried by different entities, especially Insurers.
The incumbent will be responsible for modeling insurance exposures for large, complex insurance books having complex insurance and/or reinsurance terms using leading catastrophe models like RMS RiskLink, AIR Touchstone, CoreLogic RQE as well as proprietary WTW models.
This includes preparing the data for analysis, data scrubbing as well as data mining, generating probabilistic loss estimates using catastrophe models, creating and visualizing exposure and loss summaries, conducting loss feasibility studies to validate modeled losses, estimating the impact of model change, optimizing the reinsurance structure, etc. It also includes serving as the epicenter of all modeling action by coordinating between different offices and stakeholders in order to ensure modeling and client satisfaction goals are met.
The ability to lead modeling efforts for top clients and finding innovative and bespoke solutions to complex problems is a key expectation at this level. The candidate is expected to use very advanced Catastrophe Modeling expertise in order to tackle any kind of challenge and guide other team members as and when needed. The right candidate should be skilled at training junior analysts and reviewing their work.
Project planning/management and complex problem solving are some of the key skills needed in this role. The incumbent will be expected to continuously upskill themselves and do value add to the process/projects on a consistent basis.
The candidate is expected to work on projects that include dynamic deliverables with shifting timelines, involving multiple stakeholders. The models and technology are also continuously evolving. As such, the candidate should display great alacrity and agility and should be an excellent team player who can adapt to changing circumstances and the dynamic nature of demands/challenges.
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 level accounts for this position to 6 months for top accounts.
Responsibilities
The incumbent will be expected to co-ordinate and communicate with the onshore lead analyst as and when needed in order to
The incumbent is also expected to co-ordinate and communicate effectively between multiple offices and stakeholders on a regular basis in order to
Qualifications
Academic qualifications and experience required for the role