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Catastrophe Modeling Jobs (NOW HIRING)

CoAction

CAT Modeling Analyst

Morristown, NJ

Coaction is seeking a motivating candidate with catastrophe modeling expertise to work directly with decision makers to steer and optimize our book of business. This role is focused to support ...

Steadily

Catastrophe Risk Manager

Overland Park, KS · On-site

Own Steadily's catastrophe modeling cycle ; deliver monthly high-fidelity loss estimates that directly inform pricing, capital planning, and growth strategy. * Detect and manage accumulation risk ...

Steadily

Catastrophe Risk Manager

Overland Park, KS · On-site

Own Steadily's catastrophe modeling cycle ; deliver monthly high-fidelity loss estimates that directly inform pricing, capital planning, and growth strategy. * Detect and manage accumulation risk ...

Tmhcc

Senior Catastrophe Risk Analyst

Duluth, GA · Hybrid

Subject Matter Expert as a super user of commercial catastrophe models and related tools with ability to propose and execute innovative solutions. * Mentor and train junior staff. * Strong technical ...

Tmhcc

Lead Catastrophe Risk Analyst

Duluth, GA · Hybrid

Subject Matter Expert as a super user of commercial catastrophe models and related tools with ability to propose and execute innovative solutions. * Lead established risk analytics functions.

Tmhcc

Lead Actuarial Risk Modeler, Cyber

Duluth, GA · On-site

A minimum of 5 years of relevant and progressive professional experience in cyber risk modeling, actuarial, or catastrophe modeling and analytics with proven track record in developing and validating ...

Chubb

Catastrophe Research Scientist

Philadelphia, PA · On-site

Perform in-depth validation of various climate peril models from RMS * Perform weather peril ... Support corporate catastrophe event response activities by providing near real-time actionable ...

Tmhcc

Lead Actuarial Risk Modeler, Cyber

Duluth, GA

A minimum of 5 years of relevant and progressive professional experience in cyber risk modeling, actuarial, or catastrophe modeling and analytics with proven track record in developing and validating ...

The Hartford

Senior Risk Analyst, CAT

Hartford, CT · On-site

The Senior Risk Analyst will support reporting of key catastrophe modeling metrics for Middle and Large Business . The position will report to the Senior Director of ERM Insurance Risk Management. We ...

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Catastrophe Modeling information

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How much do catastrophe modeling jobs pay per hour?

As of Jun 20, 2026, the average hourly pay for catastrophe modeling in the United States is $40.33, according to ZipRecruiter salary data. Most workers in this role earn between $31.25 and $43.51 per hour, depending on experience, location, and employer.

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 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.

Do cat models get paid?

Catastrophe modeling is a specialized field within insurance and risk management, and professionals in this area typically receive salaries based on experience, education, and the employer. Compensation can vary widely but generally includes a base salary, and some roles may offer bonuses or benefits. Skills in data analysis, modeling software, and industry certifications can influence earning potential.

How to get into catastrophe modelling?

To enter catastrophe modeling, candidates typically need a background in fields such as actuarial science, engineering, or mathematics, along with strong analytical and programming skills in tools like Python or R. Gaining experience through internships, certifications in risk management, or specialized training in catastrophe modeling software can improve job prospects in this field.

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.

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 does a catastrophe modeler do?

A catastrophe modeler analyzes and develops models to predict the financial impact of natural disasters such as hurricanes, earthquakes, and floods. They use statistical tools, geographic data, and industry software to assess risk and help insurance companies and other organizations prepare for catastrophic events.

How much do catastrophe modeling analysts make?

Catastrophe modeling analysts typically earn a median annual salary between $70,000 and $100,000, depending on experience, location, and industry. Entry-level analysts may start lower, while those with advanced skills or certifications can earn higher salaries, especially in major financial or insurance hubs.
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Catastrophe Modeling jobs near you
Infographic showing various Catastrophe Modeling job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 67% In-person, and 33% Remote job distribution, with an average salary of $83,896 per year, or $40.3 per hour.

CAT Modeling Analyst

CoAction

Morristown, NJ

Full-time

Medical, Dental, Retirement, PTO

Posted 29 days ago

Job description

At Coaction, we're a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.

Coaction is seeking a motivating candidate with catastrophe modeling expertise to work directly with decision makers to steer and optimize our book of business. This role is focused to support Enterprise Risk Management (ERM) effectively manage our risk profile. The successful candidate will generate analytics, industrialize proof of concept, interact regularly with business and operational stakeholders from various teams.

Key duties & responsibilities:

  • Provide CAT modeling and analytical support to home office business leaders, corporate CAT, actuarial, and finance teams

  • Provide updates and loss estimates on CAT events before, during, and after occurring

  • Support activities like treaty and CAT reinsurance placements, generation of portfolio analytics, and annual CAT budgeting

  • Continuously improve the quantity and quality of data captured for modeling

  • Support efforts to streamline internal CAT modelling processes and reporting tool development

  • Work with internal partners as needed to respond to rating agency surveys, and support regulatory filing requirements

Qualifications:

  • 1-4 years' experience in catastrophe modeling within an insurance setting

  • Ability to work independently and balance competing time sensitive priorities

  • Strong analytical and quantitative background; sound understanding of probability or statistics

  • Ability to work with large data sets, analyze, process, visualize and communicate complex analyses into simpler explanations of quantitative information to experts and non-experts

  • Independent thinking and creative problem-solving skills

  • High-level of curiosity to scout for new ideas and eagerness to transform them into products or services with commercial value

  • Effective documentation skills

  • Effective verbal and written communication skills

  • Programming knowledge (VBA, SQL or others) is preferable

  • Catastrophe modeling experience with AIR(Touchstone) is preferable

  • Bachelor's degree required

**This is not a fully remote position. Applicants must sit in our Morristown, NJ office on our hybrid work schedule.**

Salary range specific to for this role : $95,000-$117,000 + discretionary incentive bonus + benefits depends on various factors including, without limitation, individual and organizational performance. The offered rate of compensation will be based on individual education, experience, and qualifications. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement.

Equal Opportunity Employer

Coaction is an Equal Employment Opportunity employer. Coaction's policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.

If your application is selected, you will receive an email directly from the Coaction Recruiting Team at coaction@myworkday.com asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.

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