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Catastrophe Model Jobs (NOW HIRING)

Evaluate third-party catastrophe models (e.g., RMS, Verisk, CoreLogic) and contribute to the development of internal risk views. * Analyze large datasets (e.g., exposure data, claims data, hazard ...

Catastrophe Research Manager

Boston, MA · On-site

$120K - $150K/yr

Catastrophe Research Manager Join us as a Catastrophe Research Manager to take your career to the ... Lead Model Validation & Research for specific perils and regions, managing and mentoring a team of ...

Catastrophe Research Manager Join us as a Catastrophe Research Manager to take your career to the ... Lead Model Validation & Research for specific perils and regions, managing and mentoring a team of ...

Catastrophe Research Manager

New York, NY · On-site

$120K - $150K/yr

Catastrophe Research Manager Join us as a Catastrophe Research Manager to take your career to the ... Lead Model Validation & Research for specific perils and regions, managing and mentoring a team of ...

Catastrophe Research Manager

Chicago, IL · On-site

$120K - $150K/yr

Catastrophe Research Manager Join us as a Catastrophe Research Manager to take your career to the ... Lead Model Validation & Research for specific perils and regions, managing and mentoring a team of ...

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Catastrophe Model information

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$10

$31

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How much do catastrophe model jobs pay per hour?

As of Jul 7, 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.

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 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.

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.

More about Catastrophe Model jobs
What job categories do people searching Catastrophe Model jobs look for? The top searched job categories for Catastrophe Model jobs are:
CAT Modeling Analyst II

CAT Modeling Analyst II

United Fire Group

Cedar Rapids, IA • On-site

Full-time

Re-posted 2 days ago


Job description

UFG has an exciting opportunity for a Catastrophe Modeling Analyst to work with our growing team where this individual will be analyzing property data to determine UFG’s view of the catastrophe risk. The major responsibilities will include preparing catastrophe modeling data from various data sources, modeling the data by utilizing catastrophe model/(s), communicating the outcomes and providing recommendations to the senior management team to quantify the risk. The candidate will collaborate with internal customers (direct and assumed businesses) to develop adequate pricing, ratemaking, and exposure management strategies that drive towards profitable growth of the company.

Essential Duties & Responsibilities:

  • Collaborate with data engineers and underwriters in gathering the data needed for catastrophe modeling as well as improving data accuracy and completeness; organize, scrub and prepare the data for model ready import files using valuation tools including SQL/Excel.
  • Analyze the risks for data quality, accuracy, and completeness; provide recommendations to management to enhance decision-making.
  • Run analyses using proprietary catastrophe model such as RMS, generate outputs to analyze the loss results and help determine the degree of risks of various perils.
  • Support the underwriting and actuarial teams by interpreting the modeling outputs for growth and rate-making.
  • Prepare analytical reports to understand the portfolio as well as concentration of risks.
  • Assess catastrophe risk arising from direct and assumed business.
  • Perform scenario modeling to analyze the impact of growth or reduction within the existing book.
  • Support improvements efforts to increase consistency, efficiency, and compliance with internal standards.
  • Stay well versed with the continuously changing catastrophe modeling industry and the models.
  • Respond to real-time catastrophic events, prioritizing over all else by computing potential losses as soon as the data is received, and inform the outcome to senior management once computed.
  • Effectively communicate information and results to a variety of technical and non-technical audiences across the organization.

Job Specifications: 

Education: 

  • Bachelor’s degree.
  • Bachelor of Science degree in Mathematics, Data Science, Statistics, Computer Science, or related field preferred.
  • Either a minor concentration or additional degree in Meteorology preferred.

Certifications/Designations: 

  • Employees are expected to participate in continuing education throughout their careers.
  • Possess, or working towards, an CCRA, CEEM, and/or ARe certification preferred.

Experience: 

  • 6+ years of catastrophe modeling experience.

Working Conditions:

  • General Office Environment.
  • Up to 10% travel for quarterly office visit and occasional conferences.

Skills & Knowledge: 

Skills: 

  • Advanced proficiency with Excel, Power Point, SQL, Tableau.
  • Advanced analytical, technical, problem solving, time management, critical thinking, and project execution skills
  • Strong verbal and written communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels.
  • Able to work independently and in a team environment

Knowledge: 

  • Strong Knowledge of catastrophe modeling software such as RMS and AIR.