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Insurance Quant Jobs in Kentucky (NOW HIRING)

Work assignments require a combination of strategic thinking, quantitative analysis, workstream ... Through our Humana insurance services and our CenterWell healthcare services, we make it easier for ...

Work assignments require a combination of strategic thinking, quantitative analysis, workstream ... Through our Humana insurance services and our CenterWell healthcare services, we make it easier for ...

Senior Underwriter

Louisville, KY

$94K - $111K/yr

If you like both quantitative and qualitative reasoning and enjoy the challenge and autonomy of ... Reviews, rates, underwrites, evaluates, or assesses the business applying for insurance by ...

If you like both quantitative and qualitative reasoning and enjoy the challenge and autonomy of ... Reviews, rates, underwrites, evaluates, or assesses the business applying for insurance by ...

Groundsman - Level I

Smithland, KY

$13.25 - $17.25/hr

... and quantitative fit tests. WHAT WE OFFER * Competitive salary * Retirement Savings: Choose from ... Medical, Dental, Disability and Life Insurance * Holistic Health & Well-being programs * Health ...

... or quantitative productivity standards. * The worker is subject to variable climate and ... Comprehensive health, dental, and vision insurance. * Retirement savings plan with company match.

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Insurance Quant information

What is a quant in insurance?

An insurance quant is a professional who applies mathematical, statistical, and financial models to assess risk, price policies, and develop strategies for insurance companies. They often use programming tools like R or Python and require strong analytical skills to interpret large data sets and improve underwriting and risk management processes.

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 Kentucky are hiring for Insurance Quant jobs? Cities in Kentucky with the most Insurance Quant job openings:
Sr. Risk Placement Specialist Commercial Insurance (Hybrid or Remote Cent

Sr. Risk Placement Specialist Commercial Insurance (Hybrid or Remote Cent

National Financial Partners

KY โ€ข On-site, Remote

$90K/yr

Full-time

Medical, Retirement, PTO

Posted 7 days ago


Job description

Who We Are:
NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.
Job Summary:
The Senior Risk Placement Specialist is responsible for evaluating, marketing, negotiating, and placing commercial insurance new business opportunities. Working closely with insurance carriers, underwriters, and internal producer partners, this individual develops coverage solutions, secures competitive terms, and successfully places business across a broad range of commercial risks.
This role is part of the Select Business Unit's (SBU) New Business team and focuses on opportunities generated through internal referrals and producer relationships. Responsibilities include reviewing submissions, obtaining and comparing quotes, negotiating pricing and coverage terms, and guiding opportunities through the placement process from submission to binding.
This position is dedicated to new business placement and does not include renewal marketing, ongoing account servicing, or prospecting responsibilities. Once coverage is bound, accounts are transitioned to the Account Management team for ongoing service and support.
In addition to the base salary this role is eligible for 25% commission earnings based on successfully placed new business. Top performers have the potential to earn approximately $90,000 annually. The work schedule is M-F from 8am - 5pm.
Essential Duties and Responsibilities include (but are not limited to):
  • Review commercial insurance submissions, evaluate risk exposures, and develop placement strategies to secure competitive coverage solutions.
  • Works directly with insurance carriers to obtain quotes, negotiate terms, and secure competitive coverage solutions.
  • Supports placements are handled according to NFP's service model standards and timelines, utilizing carrier portals/rating systems.
  • Support the team in developing client/prospect diagnostics working at the direction of the Broker or Senior Broker to complete a total program assessment, including total cost of risk, service deliverables, and opportunities for multi-faceted program improvement.
  • Develop productive business relationships with insurance carriers, underwriters, and internal producer partners.
  • Cultivate a thorough understanding of markets to better assist the broking team.
  • Execute placement strategies utilizing carrier relationships and available market resources.
  • Develop and maintain a thorough knowledge of the insurance marketplace, and the various lines, products and services offered by various insurers.
  • Ensure client, broking and brokerage data files are maintained.
Knowledge, Skills, and/or Abilities:
  • Strong written and verbal communication skills
  • Commercial insurance marketing and placement experience
  • Ability to successfully interact with a variety of people
  • Solid negotiation skills ability to adjust approach to effectively drive optimal outcomes depending on different personalities
  • Demonstrated ability to work independently and as part of a team
  • Strong attention to detail, demonstrating reliability and accuracy
  • Strong organizational skills with the ability to adjust to changing workload and priorities
  • Able to coordinate resources and responsibilities
  • Self-motivated with positive attitude and sense of urgency
  • Detail-oriented with strong analytical skills, both quantitative and qualitative
  • Ability to review submissions, evaluate risk, and identify proper market solutions
  • Knowledge of carrier portals and online quoting platforms
  • Proficiency with Microsoft Office Suite
  • Experience with Epic (agency management system) preferred
  • Ability to work independently and anticipate client and team needs
  • Effective time management and decision-making skills
Education and/or Experience:
  • Bachelor's degree or equivalent preferred
  • 5 years of Commercial Insurance experience within a retail brokerage or independent agency
  • Experience marketing and placing commercial insurance accounts
  • Experience with E&S Marketplace coverage is required
  • Working knowledge of carrier underwriting practices and processes preferred
Certificates, Licenses, Registration:
  • P&C License required
  • Advanced industry designation(s) (e.g. CPCU, CIC, ARM) a plus
What We Offer:
We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others. The base salary range for this position is $60,000 $65,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary this role is eligible for 25% commission earnings based on successfully placed new business.
NFP and You... Better Together!
NFP is an inclusive Equal Employment Opportunity employer.