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Climate Risk Insurance Jobs in Ontario (NOW HIRING)

Associate Pricing Actuary

Toronto, ON ยท Hybrid

CA$74K - CA$92K/yr

... insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both ...

Pricing Actuary

Toronto, ON ยท Hybrid

CA$114K - CA$142K/yr

... insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both ...

CA$98K - CA$147K/yr

... Climate & Nature goals (energy, carbon, water) Drive reduction of utilities baseload and improve ... Any coverage for health insurance and retirement benefits will be in accordance with the terms and ...

Inspire and motivate the team by fostering a climate conducive to commitment and excellent service ... Knowledge of financing, investment and insurance services offered in a bank. * Ability to motivate ...

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Climate Risk Insurance information

What are the key skills and qualifications needed to thrive as a Climate Risk Insurance professional, and why are they important?

To thrive as a Climate Risk Insurance professional, you need expertise in risk assessment, climate science, and insurance principles, often supported by a degree in finance, environmental science, or actuarial studies. Familiarity with modeling software, data analytics platforms, and relevant industry certifications like Chartered Property Casualty Underwriter (CPCU) is typically required. Strong analytical thinking, communication, and problem-solving skills help professionals interpret complex data and explain risk scenarios to clients. These skills are crucial for accurately assessing climate-related risks and developing effective insurance solutions in a rapidly changing environment.

What are some common challenges faced by professionals working in climate risk insurance?

Professionals in climate risk insurance often navigate rapidly evolving scientific data, regulatory frameworks, and unpredictable weather events that impact risk assessment and pricing. Collaborating closely with underwriters, actuaries, and climate scientists is essential to accurately model and manage emerging risks. Staying updated on advancements in climate modeling tools and regulatory changes is crucial, as is effectively communicating complex risk information to clients and stakeholders. This dynamic environment requires adaptability, strong analytical skills, and a proactive approach to ongoing learning.

What is climate risk insurance?

Climate risk insurance is a type of insurance product designed to protect individuals, businesses, or governments against financial losses caused by climate-related events, such as floods, hurricanes, droughts, or wildfires. It works by providing payouts or coverage when certain climate-triggered conditions are met, helping policyholders recover from disasters more quickly. This insurance is increasingly important as climate change leads to more frequent and severe weather events, and it can also incentivize risk reduction strategies.

What is the difference between Climate Risk Insurance vs Environmental Risk Analyst?

AspectClimate Risk InsuranceEnvironmental Risk Analyst
Required CredentialsCertifications in insurance, risk management, environmental scienceDegrees in environmental science, risk assessment, or related fields
Work EnvironmentInsurance companies, risk consulting firms, financial institutionsEnvironmental consulting firms, government agencies, corporations
Industry UsageInsurance policies, risk mitigation strategies for climate-related eventsEnvironmental impact assessments, regulatory compliance, risk analysis

Climate Risk Insurance focuses on developing insurance products to protect against climate-related damages, while Environmental Risk Analysts assess environmental risks and advise on mitigation strategies. Both roles require environmental knowledge but differ in their primary functions and industry applications.

What job categories do people searching Climate Risk Insurance jobs in Ontario look for? The top searched job categories for Climate Risk Insurance jobs in Ontario are:
What cities in Ontario are hiring for Climate Risk Insurance jobs? Cities in Ontario with the most Climate Risk Insurance job openings:
Associate Pricing Actuary

Associate Pricing Actuary

Swiss Re

Toronto, ON โ€ข Hybrid

CA$74K - CA$92K/yr

Other

Medical, Life

Posted 13 days ago


Job description

Are you a motivated actuary looking to make an immediate impact in a dynamic global environment? Join our Corporate Solutions team at Swiss Re where you'll help shape pricing strategies for complex financial products while working with industry experts who value innovation and technical excellence. This role offers exceptional growth opportunities and exposure to diverse international markets.

About the Role

As an Associate Pricing Actuary, you'll be at the intersection of data analysis, financial modeling, and business strategy. You'll collaborate with underwriting teams to price large FinPro accounts while contributing to portfolio steering insights that drive business decisions.

Key Responsibilities

  • Develop pricing strategies for large Financial Products (FinPro) accounts with immediate business impact.
  • Deliver quarterly profitability reviews providing portfolio steering insights to underwriting leadership.
  • Enhance rating models by leveraging technology, internal data assets, and exploring broader datasets.
  • Apply actuarial and data science techniques to improve profitability analysis.
  • Coordinate rate monitoring processes and establish feedback loops for planning analysis.
  • Research external market conditions including industry trends and rate changes.
  • Support portfolio management by identifying drivers behind claims emergence and performance.
  • Partner with underwriting teams to provide technical insights for business decisions

About the Team

We are the actuarial team providing support to multiple global Corporate Solutions Financial Products including Construction PI, General PI, Agents, Accountants & Consultants, Lawyers, Cyber and Transactional Liability. Key responsibilities for our team include loss ratio projections, rating plan development, model calibration and actuarial pricing support. We work closely with our business partners and encourage technical innovation that supports traditional methods. The team is a mix of senior expert members and highly motivated newer members who thrive in a dynamic and fast learning environment. This role will report to the Senior Pricing Actuary for FinPro PI within Corporate Solutions.

About You

You're an analytical thinker who thrives in collaborative environments and enjoys solving complex problems. You're comfortable working with limited data and curious about finding alternative data sources. You have excellent communication skills and can translate technical insights into business value while maintaining strong relationships with stakeholders across the organization.

We are looking for candidates who meet these requirements:

  • Currently pursuing actuarial qualifications with demonstrated progress.
  • Experience in P&C insurance or related financial services.
  • Strong programming skills in at least one language (R, Python, SQL).
  • Familiarity with actuarial reserving and/or pricing techniques and models.
  • Proven ability to work independently, prioritize tasks, and meet deadlines.
  • ย Knowledge of data science techniques and their application in insurance.
  • Experience in portfolio profitability analysis and costing models.
  • Tool development experience for actuarial applications.
  • Understanding of Financial Products lines of business.
  • Strong presentation skills and experience communicating with business leaders.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per weekย 

The base salary hiring range for this existing position located in Toronto is CAD $74,000 to $92,000. The specific base salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.ย  At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.

Please note that an artificial intelligence (AI) tool may be used in the screening and assessment of applicants for this position.

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

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