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Insurance Quant Jobs in Arizona (NOW HIRING)

... and Insurance (Property & Casualty and Life) along with their corresponding business support ... OR advanced degree (e.g., Master's, PhD) in a quantitative field, such as Economics, Mathematics ...

... and Vision insurance, 401K retirement savings plan, Life Insurance, Disability Insurance ... Exceptional strategic thinking, strong quantitative and problem solving skills, high attention to ...

Data Scientist II

Tempe, AZ · Hybrid

$131K - $172K/yr

Master's degree in a quantitative or technical field * Knowledge of or previous work experience in health care or health insurance * Experience mentoring or supporting junior team members

Developing and undertaking advanced Quantitative Risk Analysis including Cost, Schedule and ... insurance, service recognition awards, retirement savings plan, and employee stock purchase plan.

Developing and undertaking advanced Quantitative Risk Analysis including Cost, Schedule and ... insurance, service recognition awards, retirement savings plan, and employee stock purchase plan.

Developing and undertaking advanced Quantitative Risk Analysis including Cost, Schedule and ... insurance, service recognition awards, retirement savings plan, and employee stock purchase plan.

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Insurance Quant information

What are insurance quants?

Insurance quants, or quantitative analysts in the insurance industry, use mathematical, statistical, and computational methods to analyze risk, price insurance products, and optimize investment strategies for insurance companies. They develop models to assess the likelihood of claims, determine appropriate premiums, and ensure the company's financial stability. Insurance quants often work closely with actuaries, but focus more on advanced quantitative techniques and financial modeling. Their work helps insurance firms make data-driven decisions and maintain competitiveness in the marketplace.

What are the key skills and qualifications needed to thrive as an Insurance Quant, and why are they important?

To thrive as an Insurance Quant, you need strong quantitative skills, a background in mathematics, statistics, or actuarial science, and often an advanced degree such as a master's or PhD. Proficiency with programming languages (like Python or R), statistical modeling tools, and actuarial software is typically required, along with relevant certifications such as actuarial credentials (e.g., SOA, CAS). Excellent problem-solving abilities, attention to detail, and the capacity to communicate complex analyses to non-technical stakeholders are standout soft skills. These competencies are critical for accurately assessing risk, pricing insurance products, and supporting data-driven decision-making in the insurance industry.

What is the difference between Insurance Quant vs Actuary?

AspectInsurance QuantActuary
Required CredentialsAdvanced degrees in mathematics, statistics, or finance; often CFA or FRM certificationsProfessional actuarial certifications (SOA, CAS), exams required
Work EnvironmentQuantitative teams within insurance companies, hedge funds, or consulting firmsInsurance companies, consulting firms, government agencies
Job FocusDeveloping models for risk assessment, pricing, and financial strategiesCalculating insurance premiums, reserving, and risk management
Common Search/ComparisonInsurance Quant vs Actuary

Insurance Quants and Actuaries both work in the insurance industry with a focus on risk and financial modeling. Quants typically use advanced mathematics and programming to develop models, while actuaries focus on pricing and reserving using actuarial exams and certifications. Both roles require strong quantitative skills, but their daily tasks and certifications differ.

How does an Insurance Quant typically collaborate with underwriters and actuaries in their daily work?

An Insurance Quant frequently works alongside underwriters and actuaries to analyze risks, develop pricing models, and evaluate policy portfolios. Collaboration often involves sharing statistical insights, validating risk assumptions, and refining predictive models to ensure accurate and competitive insurance products. Regular meetings and data-sharing sessions help align quantitative findings with business objectives, enabling the team to make informed decisions on product design, pricing, and risk management. This close teamwork is crucial for integrating advanced analytics into traditional insurance processes and driving innovation within the organization.
What cities in Arizona are hiring for Insurance Quant jobs? Cities in Arizona with the most Insurance Quant job openings:
AVP - Advanced Analytics & AI Strategy - Insurance

AVP - Advanced Analytics & AI Strategy - Insurance

Vela Insurance Services (a Berkley Company)

Scottsdale, AZ • On-site

Full-time

Posted 5 days ago


Job description

Job Summary:
Vela Insurance Services is a provider of specialized insurance solutions in the Excess and Surplus Lines market. The AVP, Advanced Analytics & AI Strategy is responsible for leading AI-driven intelligence initiatives across underwriting, claims, and operations to enhance portfolio decision-making and drive optimal returns.
Responsibilities:
• Lead the team in the design, deployment, and continuous improvement of intelligence solutions that deliver measurable outcomes across underwriting, claims, and operations.
• Develop and execute the analytics roadmap, including structured and unstructured data integration, variable selection, and alignment with Vela’s strategic priorities.
• Partner with the Senior Leadership Team to support portfolio oversight and optimize risk‑adjusted returns through analytics‑driven insights.
• Oversee the integration of intelligence into core underwriting and claims workflows, ensuring full leverage of Kalepa, Helix, and enterprise data assets.
• Champion adoption of data‑driven decision‑making through effective change management and stakeholder engagement.
• Partner with Underwriting to design, validate, and refine risk factors embedded within underwriting intelligence platforms to improve portfolio performance.
• Enhance risk scoring, pricing precision, portfolio targeting, and underwriting dashboards to support disciplined and profitable risk selection at both the risk and portfolio level.
• Partner with the CCO to advance claim analytics focused on handling efficiency, reserving accuracy, and claim settlement outcomes.
• Deliver insights on claim trends, early warning indicators, fraud detection, and leakage to inform underwriting, claims, and portfolio strategy.
• Advance portfolio management capabilities to support capital objectives, including the refinement of AI‑enabled, rules‑based engines.
• Enable dynamic portfolio management through continuous, forward-looking adjustment of risk selection, pricing, appetite and capacity based on risk insights and market conditions.
• Establish dynamic underwriting audits at the individual risk and portfolio level.
• Provide senior leadership with clear, timely insights to support portfolio optimization and strategic decision‑making.
• Lead advanced analytics and machine learning initiatives, including model development, monitoring, recalibration, and continuous improvement.
• Build scalable intelligence capabilities that embed feedback loops into execution in partnership with EsTech, BTS, and DNA teams at Berkley.
• Drive operational efficiency by identifying process gaps, optimizing workflows, and implementing automation and intelligence solutions.
• Identify, prioritize, and develop AI use cases, including actionable prompts and intelligence tools that improve speed, quality, and consistency of execution.
• Partner with enterprise technology and data teams to ensure data quality, accessibility, architectural alignment, and adherence to enterprise standards.
Qualifications:
Required:
• Bachelor’s or Master’s degree in Data Science, Statistics, Actuarial Science, Computer Science, Engineering, or related quantitative field
• 7–10+ years of experience applying data science, advanced analytics, or AI/ML in an insurance environment, with demonstrated impact on underwriting, claims, pricing adequacy, and portfolio performance
• Proven leadership experience building or managing analytics, data science, or operational ‑ efficiency teams.
• Expertise in SQL, Python, machine learning frameworks, and modern data platforms (e.g., Databricks, cloud ‑ based analytics environments).
• Demonstrated ability to translate business needs into analytical solutions and communicate complex concepts to non ‑ technical stakeholders.
• Track record of driving change management, influencing cross ‑ functional teams, and implementing new technologies or processes.
• Strong problem ‑ solving, critical ‑ thinking, and strategic ‑ planning skills, with the ability to operate both hands ‑ on and at an enterprise ‑ strategy level.
Preferred:
• Strong understanding of underwriting, claims, risk modeling, or actuarial concepts preferred.
• Experience with dashboarding and reporting tools such as Power BI.
Company:
Vela Insurance Services, a Berkley Company, is a leading insurance provider that specializes in excess and surplus lines business in Vela’s three market segments: Construction, Specialty Casualty, and Professional Liability. Founded in 1996, the company is headquartered in Chicago, USA, with a team of 51-200 employees. The company is currently Growth Stage.