Director, Head of Catastrophe Research & Validation
Job Summary
Join us as a Director Head of Catastrophe Research & Validation to take your career to the next level with a global market leader.
How you will create an impact
This role will lead AIGs Catastrophe Model Research & Validation Team. The job holder will lead the development of AIGs internal view of risk for Natural Catastrophe Terrorism and other First Party Perils. Working with the Head of Catastrophe Risk Management and other Analytics Leaders the job holder will define strategy and implement industry leading analytics research practices and model development. The role offers high visibility and the opportunity to interact with and advise senior management across the business functions as well as an ability to influence global catastrophe risk modelling and exposure management efforts.
Some of the key responsibilities include:
Lead AIGs Global Catastrophe Model Validation function managing and mentoring a team of managers and scientists in the US & London and at our offshore team in India.
Work with Global Actuarial Leadership to define a vision strategy and standardised best practice for AIGs view of risk worldwide
Lead end to end catastrophe model evaluation across the company
Define and implement the AIG View of Risk
Validate new and existing vendor models
Propose adjustments to vendor out of the box views
Implement model change and upgrades
Maintain close relationships with Reinsurance Broker and Model Vendor partners and leverage their insights and experience to benchmark AIGs own View of Risk
Lead AIGs assessment of climate change and impacts to climate related perils worldwide providing thought leadership on topics related to climate change and climate variability
Lead AIGs climate change engagement with regulators such as the PRA Lloyds Japan FSA and multiple State Regulators in the United States
Work with Enterprise Risk Management partners to ensure view of risk principles are clearly documented and communicated in line with AIGs model risk management policies
Drive short and medium term efforts to transform internal catastrophe modelling process
Closely collaborate with functions such as Risk Engineering Actuarial Underwriting and ERM to share insights and best practices across the organisation
Partner with the Data Office on strategic data initiatives including supporting vendor/data provider capability assessments and contract reviews.
Drive a culture that promotes collaboration and accountability within a diverse and inclusive environment.
What youll need to succeed
10 years of experience in catastrophe research or model development with hands on knowledge of multiple model vendors and preferably experience at an Underwriting company
PhD or Masters degree in Climate Science Natural Hazards Applied Statistics or a related subject
Strong programming skills such as R Python and SQL
Experience at an Underwriting Company or a Broker is a bonus - a demonstrated understanding of the importance of modelling to the Underwriting process is essential
Comprehensive understanding of the science of catastrophe modelling and hands on experience writing model reviews and validation for internal stakeholders and regulators
In-depth knowledge of catastrophe models including their strengths and weaknesses
A thorough understanding of climate change and its impact on insurance and demonstrated experience presenting and discussing catastrophe risk research in internal and external forums
Proven experience developing personal networks and leveraging relationships with brokers vendors and other market colleagues to stay ahead of trends and developments in the cat modelling industry
Someone who is proactive and challenges existing processes can influence others and drive a process to a conclusion while meeting critical deadlines
An ability to communicate technical concepts in a non-technical manner to a wide range of audiences
Experience manging multiple on-the-go projects including prioritisation and planning and developing strategic roadmaps
Strong people management and team development skills
#LI-AIG
At AIG we value in-person collaboration as a vital part of our culture which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG our people are our greatest asset. We know how important it is to protect and invest in whats most important to you. That is why we created our Total Rewards Program a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most far-reaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG you can go further to support individuals businesses and communities helping them to manage risk respond to times of uncertainty and discover new potential. We invest in our largest asset our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of inclusion
Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIGs greatest assets and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation please send an email to .
Functional Area:
Required Experience:
Director