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Climate Risk Insurance Jobs in Chicago, IL (NOW HIRING)

SageSure

Senior Catastrophe Risk Analyst

Chicago, IL · On-site

SageSure, a leader in catastrophe-exposed property insurance, is seeking a Senior Catastrophe Risk ... Support integration of climate science and emerging research into catastrophe risk analytics.

Swiss Re

Clinical Risk Manager

Schaumburg, IL · Hybrid

$84K - $140K/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. Combining ...

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All JobsClimate Risk Insurance JobsClimate Risk Insurance Jobs in Chicago, IL

Climate Risk Insurance information

See Chicago, IL salary details

$85K

$125.2K

$191.6K

How much do climate risk insurance jobs pay per year?

As of Aug 25, 2026, the average yearly pay for climate risk insurance in Chicago, IL is $125,168.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,000.00 and $142,200.00 per year, depending on experience, location, and employer.

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 are the key skills and qualifications needed to thrive as a climate risk insurance professional?

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 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 are popular job titles related to Climate Risk Insurance jobs in Chicago, IL?

For Climate Risk Insurance jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Climate Risk Insurance jobs in Chicago, IL look for?

The top searched job categories for Climate Risk Insurance jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Climate Risk Insurance jobs?

Cities near Chicago, IL with the most Climate Risk Insurance job openings:

Climate Risk Insurance jobs near you
Infographic showing various Climate Risk Insurance job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $125,168 per year, or $60.2 per hour.

Senior Catastrophe Risk Analyst

Chicago, IL • On-site

SageSure
Insurance Services • 501 - 1,000 employees
Learn more about SageSureexternal

Full-time

Re-posted 18 days ago

Job description

Overview:
If you're looking for the stability of a profitable, growing company with the entrepreneurial spirit of a startup, we're hiring. SageSure, a leader in catastrophe-exposed property insurance, is seeking a Senior Catastrophe Risk Analyst.
In this role, you'll play a critical part in advancing the scientific, statistical, and model-based understanding of catastrophe risk across perils such as hurricanes, earthquakes, wildfires, floods, and severe convective storms. You'll support the development and evaluation of catastrophe models, enhance internal risk views, and deliver insights to inform underwriting, portfolio management, and reinsurance strategy.
What you'd be doing:
  • 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 data) to assess model performance, validate assumptions, and identify improvement areas.
  • Conduct claims analysis, event response, and post-event analytics.
  • Support integration of climate science and emerging research into catastrophe risk analytics.
  • Collaborate with internal stakeholders (underwriting, actuarial, reinsurance, risk, and data science teams) to apply research findings to business decisions.
  • Design and implement tools, frameworks, or methodologies that improve model transparency and interpretability.
  • Monitor and interpret academic, regulatory, and industry developments in catastrophe risk science and modeling.
  • Ad hoc job duties as assigned.

We're looking for someone who has:
  • Advanced degree (Master's or PhD) in Atmospheric Science, Hydrology, Earth Science, Engineering, Applied Mathematics, Statistics, or a related quantitative field.
  • 5+ years of experience in catastrophe modeling, natural hazard risk research, insurance analytics, or a related field.
  • Proficiency with catastrophe modeling platforms (RMS, Verisk, AIR, etc.).
  • Strong coding and data analysis skills (e.g., Python, R, SQL).
  • Experience working with geospatial data and tools (e.g., GIS, QGIS, ArcGIS).
  • Familiarity with stochastic simulation, probabilistic risk modeling, and related statistical methods.
  • Strong critical thinking, problem-solving, and research skills.
  • Excellent communication skills with the ability to explain complex concepts to non-technical audiences.
  • Proven ability to work collaboratively in cross-functional, research-driven environments.

Highly preferred candidates also have:
  • Experience in the (re)insurance, ILS, consulting, or catastrophe model vendor environment.
  • Experience developing internal catastrophe models or integrating third-party models into portfolio management workflows.
  • Familiarity with climate risk modeling and emerging methodologies in catastrophe risk R&D.
  • Demonstrated track record of publishing or presenting research in the field of natural hazard modeling or risk analytics.

Catastrophe Risk R&D:
At SageSure, the Catastrophe Risk R&D team is redefining how the industry understands and manages catastrophe risk. We operate at the intersection of science, technology, data, and industry insight, developing a proprietary view of risk that goes beyond traditional models. Our work shapes risk management strategy, capital allocation, and external market positioning, directly influencing how SageSure protects policyholders and partners in catastrophe-exposed regions.
Join the team that sees risk differently-and proves it.
#LI-KW1
About SageSure:
Named among the Best Places to Work in Insurance by Business Insurance for four years in a row (2020-2023), SageSure is one of the largest managing general underwriters (MGU) focused on catastrophe-exposed property in the US. Since its founding in 2009, SageSure has experienced exceptional growth while generating underwriting profits for carrier partners through hurricanes, wildfires, and hail. Available in 16 states, SageSure offers more than 110 home, flood, and commercial products on behalf of its highly rated carrier partners. Today, SageSure manages more than $3.2 billion of inforce premium and helps protect more than 970,000 policyholders.
We have more than 1,000 employees in a distributed workforce environment across 12 offices-Fairfield, CA; Mountain View, CA; Cheshire, CT; Jacksonville, FL; Tallahassee, FL; Tampa, FL; Chicago, IL; Jersey City, NJ; Marlton, NJ; Cincinnati, OH; Houston, TX; Sheboygan, WI-who are tackling the industry's toughest challenges.
SageSure is a proud Equal Opportunity Employer committed to building a workforce that reflects the spectrum of perspectives, experiences, and abilities of the world we live in. We recognize that our differences make us strong, and we actively seek out diverse candidates through partnerships with organizations, institutions and communities that represent various backgrounds. We champion belonging and inclusion for all identities, including, but not limited to, race, ethnicity, religion, sexual orientation, age, veteran status, ability status, gender, and country of origin, striving to create a culture where all individuals feel valued, respected, and empowered to bring their authentic selves to work.
Our nimble, highly responsive culture nurtures critical thinkers who run toward problems and engineer solutions. We relentlessly pursue better outcomes by investing in the technology, talent, and tools that position us to succeed in demanding markets. Come join our team! Visit sagesure.com/careers to find a position for you.
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