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Catastrophe Model Jobs (NOW HIRING)

Staying current with third party software updates/model changes and products to offer ... Acting as the primary contact for catastrophe management activities. * Assisting the global team to ...

Catastrophe & Risk Solutions (CRS) is entering a defining chapter. The widespread market adoption of our Next Generation Financial Model and the upcoming launch of Verisk Synergy Studio, our next ...

Risk Manager CAT Modeling

Hartford, CT Β· On-site

$112K - $168K/yr

Communicate with business segments regarding catastrophe model output and key modeling initiatives. * Oversee monthly, quarterly, and annual reporting for key catastrophe modeling metrics. * Interact ...

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Catastrophe Model information

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How much do catastrophe model jobs pay per hour?

As of Sep 13, 2026, the average hourly pay for catastrophe model in the United States is $31.37, according to ZipRecruiter salary data. Most workers in this role earn between $18.99 and $39.18 per hour, depending on experience, location, and employer.

What is a catastrophe model?

A catastrophe model is a computer-based tool used to estimate the potential financial losses from natural or man-made disasters such as hurricanes, earthquakes, or terrorist attacks. These models combine scientific, engineering, and insurance data to simulate possible events and their impact on properties or assets. Insurers, reinsurers, and risk managers rely on catastrophe models to assess risk, set premiums, and make informed decisions about underwriting and risk management. The results help businesses and governments prepare for and mitigate the effects of catastrophic events.

How does a catastrophe modeler typically collaborate with underwriting and risk management teams?

Catastrophe Modelers work closely with underwriting and risk management teams by providing detailed analyses of potential losses from natural disasters or other large-scale events. They interpret model outputs, communicate risk estimates, and help underwriters assess policy terms and pricing. Regular meetings and data-sharing sessions are common to ensure that risk assessments are up-to-date and align with the company’s risk appetite. This collaboration helps inform strategic decisions and ensures that all teams are prepared for emerging threats.

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 a solid background in mathematics, statistics, and risk analysis, often supported by a degree in a quantitative field such as actuarial science, engineering, or data science. Familiarity with catastrophe modeling software (like RMS or AIR), GIS systems, and programming languages such as Python or SQL is highly valued. Strong analytical thinking, attention to detail, and effective communication skills help translate complex model outputs into actionable insights for stakeholders. These competencies are crucial for accurately assessing risks, supporting decision-making, and helping organizations manage exposure to catastrophic events.

What is the difference between Catastrophe Model vs Actuary?

AspectCatastrophe ModelActuary
Required CredentialsTypically no formal certification, but knowledge of modeling and insuranceProfessional certification (e.g., ASA, FSA)
Work EnvironmentRisk modeling firms, insurance companies, consultingInsurance companies, consulting firms, financial institutions
Industry UsageUsed for risk assessment and pricing in insuranceUsed for pricing, reserving, and risk management in insurance

While both roles involve risk assessment in the insurance industry, a Catastrophe Model focuses on developing and applying models to predict large-scale events, whereas an Actuary uses statistical methods and certifications to evaluate overall risk and financial stability. Understanding these differences helps clarify career paths and industry functions.

How to get into catastrophe model?

To pursue a career as a catastrophe modeler, candidates typically need a background in fields like actuarial science, engineering, or mathematics, along with strong analytical and programming skills. Gaining experience with catastrophe modeling software and obtaining relevant certifications, such as the Associate of the Casualty Actuarial Society (ACAS), can improve job prospects. Entry-level roles often require a bachelor's degree and knowledge of risk assessment and insurance industry practices.

What do catastrophe modelers do?

Catastrophe modelers analyze data to estimate potential losses from natural or man-made disasters, such as hurricanes, earthquakes, or floods. They develop and run complex computer models using specialized software to assess risk and inform insurance, reinsurance, and risk management decisions.
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What other helpful pages are available for Catastrophe Model?

Other pages related to Catastrophe Model:

Infographic showing various Catastrophe Model job openings in the United States as of September 2026, with employment types broken down into 2% As Needed, 83% Full Time, 13% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $65,246 per year, or $31.4 per hour.

Catastrophe Risk Modeling Specialist

New York, NY β€’ Hybrid

$95K - $125K/yr

Full-time

Re-posted 2 days ago


Key responsibilities

  • Perform account-level property catastrophe modeling using vendor software and internal tools.

  • Review and validate modeling results, support initiatives to improve modeling efficiency, and support underwriters with outputs.

  • Identify and monitor aggregate exposures to mitigate potential losses from extreme events.


Job description

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary ofMS&AD Insurance Group Holdings, Inc., one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business's unique risks.

Location

Location: Hybrid role; Atlanta, GA preferred. Warren, NJ or NY considered. Other MSMM office locations may be possible.

Position Overview:

As an expanding and critical area in the insurance industry, catastrophe modeling plays a key role in protecting insureds from the impacts of climate change. MSMM is seeking a motivated individual with strong analytical skills and an interest in quantitative analysis to join our Catastrophe Modeling team.

The Catastrophe Modeling Analyst will work closely with experienced modelers to perform account-level modeling for the company's property portfolio using vendor software (AIR) and internal tools. This role involves collecting, analyzing, and ensuring the quality of property data, as well as supporting underwriters with outputs needed for informed risk decisions. Additional responsibilities include portfolio-level analysis for PML calculations, property aggregations, profitability, and trend indications.

Essential Functions:

  • Perform account-level property catastrophe modeling and assist underwriters with day-to-day requests.

  • Review and validate high-impact account modeling results; support initiatives to improve modeling efficiency.

  • Identify and monitor aggregate exposures to mitigate potential losses from extreme events (e.g., hurricanes, earthquakes, wildfires).

  • Track and analyze underwriting data to manage MSMM's property portfolio.

  • Maintain data quality through regular file and portfolio reviews and completion of QC checklists.

  • Collaborate with underwriting, reinsurance, and management teams to implement best practices for data integrity.

  • Provide modeling support for field underwriters and resolve related issues.

  • Deliver data and modeling results for Ceded Re, Actuarial, and Finance teams; complete ad hoc projects as needed.

  • Support monthly and quarterly modeling processes.

  • Assist in developing internal/external training programs related to catastrophe management.

  • Enhance reporting capabilities and create new reports for senior leadership.

Education & Experience:

  • 2-3 years of experience in catastrophe modeling, preferably in commercial lines with portfolio modeling focus.

  • Proficiency in Verisk CAT modeling; Moody's experience is a plus.

  • Strong understanding of commercial property insurance terms and ability to accurately model complex structures.

  • Advanced skills in Excel and SQL; experience with Python, VBA, or R is beneficial.

  • Excellent communication skills to present complex analyses to business stakeholders.

  • Highly organized with attention to detail; ability to manage multiple priorities and deliver high-quality work on time.

  • Bachelor's degree in a quantitative field (mathematics, data science, computer science, or physical sciences).

Salary: The base pay range is $95,000.00 - 125,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

#LI-HYBRID

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!


It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.