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Cat Model Jobs in Chicago, IL (NOW HIRING)

SageSure

Data Scientist

Chicago, IL · On-site

Deliver analytical insights that support business decisions as a member of a cross-functional team - including Product Development, Underwriting, Cat Modeling, Data and Risk Management. * Design and ...

Doist

Data Scientist

Chicago, IL · On-site

$140 - $190/hr

Deliver analytical insights that support business decisions as a member of a cross‑functional team - including Product Development, Underwriting, Cat Modeling, Data and Risk Management. * Design ...

New

AIG

Associate Actuary - Retail Property

Chicago, IL

$129K - $154K/yr

Coordinate pricing, planning, and accumulation management efforts with cat modeling team to ensure adequate risk-adjusted returns contemplating expected loss, reinsurance costs, and increased capital ...

Brookfield

Lead Capital Actuary

Chicago, IL · On-site

$165K - $198K/yr

Knowledge of CAT models and asset models The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates ...

AIG

Actuary & Director - PCS

Chicago, IL · On-site

$159K - $204K/yr

Familiarity with CAT models and the modeling process * Experience with traditional (reinsurance) and non traditional transfer of risk vehicles. * Ability to interact with various levels of senior ...

AIG

Actuary - US Programs

Chicago, IL · On-site

$120K - $141K/yr

Familiarity with CAT models and the modeling process * Experience with traditional (reinsurance) and non-traditional transfer of risk vehicles (Lloyd's Syndicate) * Experience in SQL and/or R highly ...

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Showing results 1-20

All JobsCat Model JobsCat Model Jobs in Chicago, IL

Cat Model information

See Chicago, IL salary details

$10

$32

$69

How much do cat model jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for cat model in Chicago, IL is $32.49, according to ZipRecruiter salary data. Most workers in this role earn between $19.66 and $40.58 per hour, depending on experience, location, and employer.

How much do cat models get paid?

Cat models typically earn between $50 and $200 per hour, depending on experience, the scope of the project, and the agency representing them. Payment can also vary based on whether the work is for commercial, fashion, or promotional purposes, and some models may receive additional compensation for rights or usage fees.

What are some typical challenges faced by a cat model during photo shoots?

Cat Models often encounter challenges such as adapting to unfamiliar environments, working with different handlers, and responding to cues under bright lights or in front of cameras. Maintaining focus amidst distractions and staying calm during long sessions are also common hurdles. Success in this role depends on patience, good training, and a positive relationship with both trainers and photographers.

What is the difference between Cat Model vs Cat Analyst?

AspectCat ModelCat Analyst
CredentialsTypically requires actuarial certifications or advanced degrees in mathematics/statisticsOften holds actuarial credentials or related degrees, with some roles requiring specific certificationsWork EnvironmentPrimarily in insurance companies, consulting firms, or risk management departmentsSimilar, often within insurance or reinsurance companies

The main difference is that a Cat Model develops and maintains catastrophe models used for risk assessment, while a Cat Analyst interprets model outputs and assesses risk exposure. Both roles require actuarial or statistical expertise and are integral to insurance and reinsurance industries, but the Cat Model focuses on model creation, whereas the Cat Analyst focuses on analysis and application of model results.

What is a cat model?

Cat models, short for catastrophe models, are computer-based tools used to assess the potential financial impact of natural and man-made disasters, such as hurricanes, earthquakes, floods, and terrorist attacks. These models are commonly used by insurance and reinsurance companies to estimate potential losses, set premiums, and manage risk exposure. By simulating various disaster scenarios and their likelihood, cat models help organizations make more informed decisions regarding risk management and insurance coverage.

What are the key skills and qualifications needed to thrive as a catastrophe modeler, and why are they important?

To thrive as a Catastrophe Modeler, you need strong quantitative and analytical skills, a background in fields like mathematics, engineering, or actuarial science, and a solid understanding of risk assessment. Familiarity with catastrophe modeling software (such as RMS or AIR), GIS tools, and proficiency in programming languages like Python or SQL are typically required. Excellent problem-solving abilities, attention to detail, and effective communication help you translate complex data into actionable insights for stakeholders. These skills are essential for accurately assessing risk, supporting business decisions, and helping organizations prepare for natural or man-made disasters.

What are popular job titles related to Cat Model jobs in Chicago, IL?

For Cat Model jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Cat Model jobs in Chicago, IL look for?

The top searched job categories for Cat Model jobs in Chicago, IL are:

Cat Model jobs near you
Infographic showing various Cat Model job openings in Chicago, IL as of August 2026, with employment types broken down into 65% Full Time, and 35% Part Time. Highlights an 100% In-person job distribution, with an average salary of $67,572 per year, or $32.5 per hour.

Catastrophe Modeling Manager - Hybrid

DW Simpson

Chicago, IL • Hybrid

$120/hr

Other

This job post has expired 1 day ago. Applications are no longer accepted.

Job description


In search of a highly visible role working on highly visible projects? Global insurance company is seeking a talented individual to lead the Catastrophe Portfolio modeling for select Commercial & Specialty Product lines. They will build relationships with underwriters and be involved in wider analytic strategies including business planning, portfolio optimization, and technical tool development. The ideal candidate would have 7+ years of cat modeling experience, a strong understanding of property insurance/reinsurance, and excellent analytical & problem solving skills. Proficiency using RMS and/or AIR required. CPCU certification a plus. (#58741)
Compensation:
  • Salary range of $120-150K

Locations:
  • Chicago, IL / Hybrid
  • Atlanta, GA / Hybrid
  • Boston, MA / Hybrid
  • New York, NY / Hybrid
  • Philadelphia, PA / Hybrid
  • Wilton, CT / Hybrid
  • Jersey City, NJ / Hybrid
  • Parsippany, NJ / Hybrid
DW Simpson logo

About DW Simpson

Sourced by ZipRecruiter

We have offices all over the United States and place professionals globally. Our expertise includes property & casualty, life, health, pension, and increasingly non-traditional areas such as risk management, catastrophe modeling, predictive modeling, financial modeling, and data analytics. Mission Our mission is to be the premier executive recruiting firm specializing in the placement of actuaries and analytics professionals; to be recognized for the best service, integrity and forthrightness that the firm brings to each business relationship; and to be willing at all times to sacrifice short-term gain for the long-term good and prosperity of our clients, our candidates and, as a result, our organization as well. Diversity, Equity, and Inclusion Statement We are dedicated to hiring and retaining diverse talent and ensuring that we treat everyone with respect and support. We embrace diversity and strive to create conditions that provide everyone with an equal opportunity to thrive. Our employment practices will not be influenced or affected by an applicant’s or employee’s race, color, religion, gender, sexual orientation, gender identity, disability, pregnancy, national origin, marital status, genetic information, age, veteran status, or any other characteristic protected under applicable federal, state, or local laws.

Industry

Recruiting and staffing services

Company size

51 - 200 Employees

Headquarters location

Chicago, IL, US

Year founded

1989

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