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Catastrophe Risk Management Jobs in Ontario (NOW HIRING)

Wawanesa Insurance

Catastrophe Risk Specialist

Toronto, ON · Hybrid

CA$85K - CA$115K/yr

Job Overview Reporting to the Manager, Catastrophe Risk, this role is responsible for analytics and modeling capabilities within our Catastrophe Risk Management team. This includes data extraction ...

Wawanesa Insurance

Catastrophe Risk Specialist

Ottawa, ON · Hybrid

CA$85K - CA$115K/yr

Job Overview Reporting to the Manager, Catastrophe Risk, this role is responsible for analytics and modeling capabilities within our Catastrophe Risk Management team. This includes data extraction ...

Wawanesa Insurance

Catastrophe Risk Specialist

Toronto, ON · Hybrid

CA$85K - CA$115K/yr

Job Overview Reporting to the Manager, Catastrophe Risk, this role is responsible for analytics and modeling capabilities within our Catastrophe Risk Management team. This includes data extraction ...

Lloyd's

Help embed best practice across Exposure Management, including training and guidance * Contribute to a consistent, risk-based approach to oversight across the market * Support responses to real-world ...

Hibernian General Insurance

Data Scientist

Markham, ON · On-site

CA$80K - CA$120K/yr

Familiarity with catastrophe models, climate risk analytics, geospatial analytics, or exposure management. * Experience working with stochastic simulation models or uncertainty quantification ...

Cna

Senior Data Analytics Consultant

Toronto, ON · On-site

CA$90K - CA$105K/yr

... risk management teams, while contributing to data governance and ongoing analytics and data modernization initiatives. This position will work closely with the Catastrophe and Exposure Management ...

Hannover Re

Senior Actuary

Toronto, ON · Hybrid

... management on reserve adequacy, risk profile and emerging issues (e.g. catastrophe risk, inflation, climate-related im-pacts) Contributing to forecasts, ORSA-related analysis and long-term financial ...

Swiss Re

Technical Sales Lead - PSS

Toronto, ON

... risk transfer solutions, ideally with a focus on natural catastrophe and climate risks. As part of ... Key performance measures include but are not limited to: (i) managing a deal pipeline, (ii) ...

Cna

VP, National Accounts Casualty

Toronto, ON · On-site

... catastrophe management for a product line. * Collaborates with business partners across the Global National Accounts team along with Risk Control, Actuarial, Claim, Operations and Compliance to ...

PartnerRE Ltd.

Cat Modeling Analyst

Toronto, ON · Hybrid

Job Summary The position is embedded in the Catastrophe (Cat) Modeling department, which operates ... and Risk Management. In more detail your main tasks are: * Execute Cat modeling requests in an ...

PartnerRE Ltd.

Cat Modeling Specialist

Toronto, ON · Hybrid

CA$89K - CA$139K/yr

Job Summary The position is embedded in the Catastrophe (Cat) Modeling department, which operates ... Risk Management In more detail your main tasks are: * Execute Cat modeling requests of all ...

Verisk

Account Manager, Analytics

Thornhill, ON · On-site

... management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance Catastrophe and Risk Solutions - provides risk ...

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All JobsCatastrophe Risk Management JobsCatastrophe Risk Management Jobs in Ontario

Catastrophe Risk Management information

See Ontario salary details

$25K

$89.9K

$168K

How much do catastrophe risk management jobs pay per year?

As of Jul 16, 2026, the average yearly pay for catastrophe risk management in Ontario is $89,921.00, according to ZipRecruiter salary data. Most workers in this role earn between $55,000.00 and $114,500.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

In catastrophe risk management, senior roles such as Chief Risk Officer or Director of Risk Management tend to have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications, and strong analytical skills to oversee large-scale risk strategies and insurance portfolios.

What is a Catastrophe Risk Management job?

A Catastrophe Risk Management job involves assessing, modeling, and mitigating the financial impact of natural and man-made disasters, such as hurricanes, earthquakes, floods, and wildfires. Professionals in this field use data analytics, simulation models, and historical loss data to estimate potential risks and help organizations develop strategies to minimize losses. They work closely with insurance companies, reinsurance firms, and corporations to ensure proper risk transfer mechanisms are in place. Their role is crucial in maintaining financial stability and resilience in the face of catastrophic events.

How much do catastrophe modelers make?

Catastrophe modelers typically earn between $70,000 and $130,000 annually, depending on experience, education, and location. Senior professionals with specialized skills or certifications can earn higher salaries, often exceeding $150,000. The role often requires knowledge of risk assessment tools and insurance industry standards.

How much does a risk manager get paid?

A risk manager in catastrophe risk management typically earns a median annual salary between $80,000 and $130,000, depending on experience, education, and location. Senior risk managers or those with specialized skills and certifications can earn higher salaries, often exceeding $150,000 annually.

What are some of the main challenges faced in Catastrophe Risk Management roles?

Professionals in Catastrophe Risk Management often deal with uncertainty and rapidly evolving data, as natural and man-made disaster risks can change quickly. Adapting models to account for new information, regulatory requirements, and emerging threats is a constant part of the job. You will regularly collaborate with cross-functional teams, including underwriters, actuaries, and engineers, to develop risk mitigation strategies and communicate complex findings to non-technical audiences. While the role can be demanding, it offers dynamic problem-solving opportunities and the chance to make a significant impact on organizational resilience and public safety.

Is cat modelling a good career?

Catastrophe risk management involves using catastrophe modeling to assess and predict the impact of natural disasters on insured assets. It is a specialized field that requires strong analytical skills, knowledge of insurance and risk assessment, and often involves working with modeling software and data analysis tools. Careers in this area can be stable and rewarding for those interested in risk analysis and climate-related hazards.

What are the key skills and qualifications needed to thrive in the Catastrophe Risk Management position, and why are they important?

To thrive in Catastrophe Risk Management, you need a strong background in risk assessment, data analysis, and insurance or finance, typically supported by a relevant bachelor's or master's degree. Proficiency with catastrophe modeling software such as RMS or AIR and certifications like CPCU (Chartered Property Casualty Underwriter) are highly beneficial. Strong communication, critical thinking, and problem-solving skills set top candidates apart in this field. These skills are crucial for evaluating complex risk scenarios, developing effective mitigation strategies, and communicating findings clearly to stakeholders.

What are popular job titles related to Catastrophe Risk Management jobs in Ontario? For Catastrophe Risk Management jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Catastrophe Risk Management jobs in Ontario look for? The top searched job categories for Catastrophe Risk Management jobs in Ontario are:
Catastrophe Risk Management jobs near you
Infographic showing various Catastrophe Risk Management job openings in Ontario as of July 2026, with employment types broken down into 18% Locum Tenens, 14% Full Time, 1% Part Time, 3% Contract, 60% Nights, and 4% Summer. Highlights an 74% Physical, 8% Hybrid, and 18% Remote job distribution, with an average salary of $89,921 per year, or $43.2 per hour.
Catastrophe Risk Specialist

Catastrophe Risk Specialist

Wawanesa Insurance

Toronto, ON • Hybrid

CA$85K - CA$115K/yr

Other

Retirement, PTO

Posted 23 days ago

Job description

Job ID: 10138 


Employment Type: Existing Role 

Work Environment: We offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Toronto (North York), ON; Kitchener, ON. 

Working Business Language: English.This role is considered a head-office role and will be required to communicate with internal and external stakeholders across Canada where the primary business language for this role is English.  As such, the successful candidate must be fully proficient in English
 

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan. 
 

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $85,000 - $115,000.  Candidates with salary expectations outside of the range are still encouraged to apply. 

About The Wawanesa Mutual Insurance Company
Founded in 1896, The Wawanesa Mutual Insurance Company is one of Canada's largest mutual insurers, 100% owned by its members, with more than $4.1 billion in annual revenue and $12.5 billion in assets. Headquartered in Winnipeg, Wawanesa is the parent company of Wawanesa Life, which provides life insurance solutions throughout Canada, and Western Financial Group, a leading national distributor of personal and business insurance. In March of 2026, Wawanesa entered into an agreement to acquire Everest Insurance Company of Canada to strengthen its commercial insurance capabilities and advance its long-term growth strategy.


Wawanesa proudly serves more than 1.8 million members and we are home to more than 3,000 employees across Canada. The company actively gives back to organizations that strengthen communities, donating more than $4 million annually to charitable organizations, including more than $2 million each year in support of people on the front lines of climate change. Learn more at wawanesa.com.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

Job Overview

Reporting to the Manager, Catastrophe Risk, this role is responsible for analytics and modeling capabilities within our Catastrophe Risk Management team. This includes data extraction and manipulation for the purpose of modeling, reporting, and exposure accumulation. The role will collaborate with various pricing and underwriting teams to assist in the implementation of catastrophe models and monitoring of exposure accumulations. 

Job Responsibilities

  • Develop and calibrate catastrophe perils using industry-standard software (e.g., RMS, VERISK, etc.). 
  • Analyze historical data, scientific research, and insurance claims to enhance model accuracy. 
  • Collaborate with actuaries, underwriters, and analysts to understand risk exposures, and manage exposure accumulations. 
  • Interpret model outputs and assumptions from multiple models to help form a view of risk. 
  • Coordinate with risk management partners the independent review of model performance, documentation, and validation. 
  • Conduct sensitivity analysis and scenario testing to evaluate the impact of different variables on risk assessments. 
  • Proactively share knowledge in catastrophe-related areas, create learning experiences and foster teamwork and cross-functional collaboration. 
  • Communicate findings and recommendations to stakeholders through reports, presentations, and technical documentation. 
  • Stay updated with industry advancements, regulatory requirements, and best practices in catastrophe modeling. 
     
Qualifications
  • Bachelor's degree in mathematics, statistics, actuarial science, atmospheric science, geospatial science or related field. 
  • 3+ years' experience in a catastrophe modelling role using one or both of RMS and AIR Verisk. 
  • Proficiency in catastrophe modeling software, programming languages such as R, SQL, or similar for data manipulation and modeling. 
  • Strong analytical skills with a deep understanding of risk assessment and modeling techniques. 
  • Excellent communication and presentation skills, with the ability to translate complex technical concepts to non-technical stakeholders. 
  • Experience in insurance, reinsurance, catastrophe model development, catastrophe risk pricing or risk management is an asset. 
  • Certification or coursework in catastrophe modeling, risk management (e.g., CPCU, ARe) or actuarial exams is an asset. 
  • #LI-WAWA
     


Diversity Equity, Inclusion& Belonging
At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people - this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas. 
 

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.
 

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.

Please note that the recruitment process for this position may involve the use of AI tools to screen, assess, or select applicants. All final decisions are taken or reviewed by human recruiters and human hiring leaders in compliance with all applicable legislation.  
 

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