01Overview
Company Description
WNS, part of Capgemini, is an Agentic AI-powered leader in intelligent operations and transformation, serving more than 700 clients across 10 industries, including Banking and Financial Services, Healthcare, Insurance, Shipping and Logistics, and Travel and Hospitality. We bring together deep domain excellence WNS core differentiator with AI-powered platforms and analytics to help businesses innovate, scale, adapt and build resilience in a world defined by disruption.
Our purpose is clear: to enable lasting business value by designing intelligent, human-led solutions that deliver sustainable outcomes and a differentiated impact. With three global headquarters across four continents, operations in 13 countries, 65 delivery centers and more than 66,000 employees, WNS combines scale, expertise and execution to create meaningful, measurable impact.
Job Description
Job Description
We are hiring CAT Modeling professionals for a UK based insurance & reinsurance client.
We're looking for the below mentioned skill-mix. Kindly refer to the job description mentioned against the desired skill-mix.
1. Portfolio Modeling (3+ years relevant work- experience in end-to-end portfolio rollups)
2. Model Validation (4+ years experience in Model Validation with tools like RMS/AIR)
3. Reinsurance/ Treaty Modeling
4. Catastrophe Risk Natural Hazards Research
JOB DESCRIPTIONS:
Portfolio Modeling
Good understanding Cat Modeling process and workflows
Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) for insureds and perform portfolio risk analyses.
Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms through coding in RMS and SQL.
Assist clients in the understanding of catastrophe risk of individual insured through analytics based on catastrophe model results.
Provide analytical support to catastrophe modeling team operations by sharing knowledge and information Develop processes and scripts for process improvements
Provide timely and frequent feedback to team members.
Preparing MIS reports
Training and mentoring of team members inducted in the pricing process.
Assisting in monthly post bind and portfolio rollup activities.
Ensure all SLAs are met
Communication with onshore SPOCs at regular intervals.
1. Portfolio Modeling
Good understanding Cat Modeling process and workflows
Run vendor catastrophe modeling platforms (primarily RMS, AIR, Elements) for insureds and perform portfolio risk analyses.
Working knowledge of RMS model scope across worldwide peril-regions regarding sub-perils, amplification, etc. along with basic understanding of cat-modelling four-box principle concerning exposure, hazard, vulnerability modules and translation of insurance and (re)insurance financial terms through coding in RMS and SQL.
Assist clients in the understanding of catastrophe risk of individual insured through analytics based on catastrophe model results.
Provide analytical support to catastrophe modeling team operations by sharing knowledge and information Develop processes and scripts for process improvements
Provide timely and frequent feedback to team members.
Preparing MIS reports
Training and mentoring of team members inducted in the pricing process.
Assisting in monthly post bind and portfolio rollup activities.
Ensure all SLAs are met Communication with onshore SPOCs at regular intervals.
2. Model Validation:
: Perform model validation and provide recommendations on model use and/or required adjustments.
Work with internal teams and external data providers on analysis, utilising available data including scientific information, claims and insured exposure
Contribute to and lead Group projects as required, liaising with other teams globally.
Produce customised reports on exposure and modelled results.
Evaluate re/insurance pricing for individual accounts and product classes.
Analyse catastrophe reinsurance structures and strategies to support reinsurance placements.
Assist with the analysis of real time events and identify learnings from post-event reviews.
Strong analytical and numerical ability, in order to interrogate large datasets
Experience of working with re/insurance catastrophe data and/or catastrophe modelling software
Excellent written and verbal communication skills, and the ability to explain technical concepts clearly
Intermediate/Advanced Excel skills
Pro-active attitude to identifying inefficient processes and developing improvements
Desirable Requirements
Knowledge of commercial insurance and/or the catastrophe modelling industry
Sound working knowledge of RMS/AIR and any other vendor modelling platforms
Coding .