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Catastrophe Modeling Jobs in Chicago, IL (NOW HIRING)

They will also partner with other pricing actuaries in implementing best practices analytical techniques, catastrophe modelers to incorporate results into pricing and quantify portfolio risk, and ...

SQL Developer

Chicago, IL

$46.50 - $63.75/hr

... catastrophe models a plus Qualifications Bachelors Additional Information All your information will be kept confidential according to EEO guidelines.

SageSure, a leader in catastrophe-exposed property insurance, is seeking a Data Scientist to join our team. In this role, you will combine geospatial analytics, statistical modeling, machine learning ...

Senior Facultative Underwriter

Chicago, IL · On-site

$107.60 - $209.10/hr

Extensive experience with policy and contract wording, actuarial pricing models and natural catastrophe modeling. * Understand policy / contract wording, policy rating, and be proficient in the use ...

Regional Product Manager

Chicago, IL · On-site

$90 - $120/hr

Develop pricing strategies, rate plans, and manage catastrophe exposure. Drive portfolio management ... Proven project management and pricing model development success. Excellent communication and ...

About KatRisk KatRisk is a leading provider of catastrophe risk modeling solutions, dedicated to helping businesses and organizations understand, manage, and mitigate the risks associated with ...

About KatRisk KatRisk is a leading provider of catastrophe risk modeling solutions, dedicated to helping businesses and organizations understand, manage, and mitigate the risks associated with ...

Showing results 21-40

Catastrophe Modeling information

See Chicago, IL salary details

$22

$41

$78

How much do catastrophe modeling jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for catastrophe modeling in Chicago, IL is $41.58, according to ZipRecruiter salary data. Most workers in this role earn between $32.21 and $44.86 per hour, depending on experience, location, and employer.

What is catastrophe modeling?

Catastrophe modeling is the process of using computer models to estimate the potential losses that could result from natural or man-made disasters, such as hurricanes, earthquakes, floods, or terrorist attacks. These models analyze historical data, scientific research, and current exposure information to predict the likelihood and potential severity of catastrophic events. Insurers, reinsurers, and other organizations use catastrophe modeling to assess risk, price insurance policies, and prepare for possible large-scale losses.

How to get a job in catastrophe modeling?

The qualifications you need to obtain a job in catastrophe modeling include a bachelor’s degree in a science field related to catastrophes, such as geology, meteorology, or environmental science. Insurance-specific degrees, such as actuarial sciences, are also acceptable. Advanced degrees in actuarial science, math, or another catastrophe-related field may help you stand out in the job market. Practice using industry software to run data analysis to become proficient with the application. Some start their careers in entry-level positions in the insurance industry to learn about risk evaluation before moving into catastrophe modeling.

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 strong background in mathematics, statistics, and data analysis, typically supported by a degree in engineering, actuarial science, or a related field. Proficiency in modeling software (such as RMS or AIR), programming languages (like Python or R), and familiarity with GIS systems are commonly required. Critical thinking, attention to detail, and effective communication are valuable soft skills for interpreting data and conveying risk insights to stakeholders. These skills and qualifications are crucial for producing accurate risk assessments that inform insurance, reinsurance, and disaster preparedness strategies.

What are some common challenges faced by professionals in catastrophe modeling, and how can they be addressed?

Professionals in catastrophe modeling often encounter challenges such as managing large and complex datasets, staying current with emerging risks (like climate change), and communicating technical findings to non-technical stakeholders. Addressing these requires strong analytical skills, ongoing professional development, and effective collaboration with underwriters, actuaries, and risk managers. Building expertise in specialized software and maintaining open communication channels with other teams can help overcome these obstacles and contribute to successful risk assessments.

What is the difference between Catastrophe Modeling vs Actuary?

AspectCatastrophe ModelingActuary
Required CredentialsTypically requires degrees in risk management, insurance, or related fields; certifications like CPCU or ARM are commonRequires a degree in mathematics, statistics, or actuarial science; professional actuarial certifications (e.g., ASA, FSA) are essential
Work EnvironmentPrimarily in insurance, reinsurance, or risk management firms; involves data analysis and modelingIn insurance companies, consulting firms, or government agencies; involves data analysis, financial modeling, and risk assessment
Industry UsageUsed to assess and quantify natural disaster risks for insurance underwriting and risk managementUsed to evaluate financial risks, reserve calculations, and pricing in insurance and pension industries

While both roles involve risk analysis and data modeling, catastrophe modeling focuses specifically on natural disaster risks, whereas actuaries assess a broader range of financial risks. Both careers require strong quantitative skills and work within the insurance industry, but their specific applications and certifications differ.

How much do catastrophe modeling professionals make?

Catastrophe modeling professionals typically earn a median annual salary ranging from $70,000 to $120,000, depending on experience, education, and location. Senior roles or those with specialized skills in risk analysis and modeling tools can earn higher salaries, often exceeding $150,000 annually.

What do catastrophe modeling professionals do?

Catastrophe modeling professionals analyze data to assess the financial impact of natural and man-made disasters, such as hurricanes, earthquakes, and floods. They develop models using specialized software to estimate potential losses for insurance companies and other stakeholders, often requiring skills in statistics, risk assessment, and data analysis. Their work supports risk management and insurance underwriting decisions.

What are the most commonly searched types of Catastrophe Modeling jobs in Chicago, IL?

The most popular types of Catastrophe Modeling jobs in Chicago, IL are:

What job categories do people searching Catastrophe Modeling jobs in Chicago, IL look for?

The top searched job categories for Catastrophe Modeling jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Catastrophe Modeling jobs?

Cities near Chicago, IL with the most Catastrophe Modeling job openings:

Infographic showing various Catastrophe Modeling job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 80% In-person, and 20% Hybrid job distribution, with an average salary of $86,493 per year, or $41.6 per hour.

Property Facultative Underwriter

Everest Re Group

Chicago, IL • Hybrid

$100K - $145K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted 5 days ago


Key responsibilities

  • Build and maintain direct and intermediary business relationships to cultivate, underwrite, and bind insurance opportunities.

  • Perform new business production and renewal underwriting while adhering to underwriting rules and guidelines.

  • Collaborate with claims, accounting, and product management to support company objectives.


Job description

Title:

Property Facultative Underwriter

Company:

Everest Reinsurance Company

Job Category:

Underwriting

Job Description:

About Everest:

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

Everest has established itself as one of the foremost facultative markets in the United States.To support this, we are currently looking for a Property Facultative Underwriter. Responsibilities will include building and maintaining direct and intermediary business relationships where opportunities are cultivated, underwritten, and bound at your general discretion.

Job Requirements:

  • New business production and renewal underwriting as well as adherence to underwriting rules and guidelines and developing strong customer relationships through providing top-notch service.

  • Work with all functional areas of the company including claims, accounting, and product management to support company objectives.

  • Ability to travel. This individual would be expected to spend time on the road after the initial training process.

  • Marketing that includes travel monthly or as needed, to assigned markets and territory.

  • Build relationship with ceding companies and reinsurance intermediaries

  • Maintain awareness of competitor capabilities and strategies, as well as the overall insurance marketplace.

  • Experience working with catastrophe models a plus.

  • Property Facultative experience preferred.

  • Experience with specialty business is also preferred (power generation, mid-stream production, refining/petrochemical, specialty chemicals, renewables, and mining).


Qualifications:

  • Bachelor's degree required.

  • Minimum 5 years of experience working as a Property Underwriter with various occupancies including large accounts.

  • Excellent marketing skills and established relationships with insurance companies.

  • Strong interpersonal and writing skills with the ability to flourish in a team environment.

  • The ability to interpret engineering reports.

  • Prior Reinsurance experience a plus.

  • The ability to interpret catastrophe modeling and actuarial methodologies and output.

  • Proficiency in Excel and PowerPoint required.

The base salary range for this position is $100,000 - $145,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

#LI-Hybrid

#LI-AS1

What if I don't meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn't align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Clickhereto learn more about our culture.

  • Our Valuesare the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
  • Our Colleague Behaviorsdefine how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type:

Regular

Time Type:

Full time

Primary Location:

New York, NY

Additional Locations:

Chicago, IL - South Riverside

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at everestbenefits@everestglobal.com.

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