Insurance Risk Model Analyst

Job Description

Purpose of the Team

Verisk Risk Analyzer Team work on the tool primarily used by insurance companies to assess the risk profile of individuals applying for auto and property insurance.

The product helps insurers make more accurate pricing and underwriting decisions by using predictive analytics and data modeling.

Purpose of the Role

ISO's Analytic Products unit is looking for insurance analytic talent. This individual will contribute to the production of analytic rating products that are driven by predictive modeling, including the Risk Analyzer solutions suite for personal & commercial lines.

You will be responsible for the key technical aspects of updating and enhancing the Risk Analyzer rating products, demonstrating actuarial and business value to internal stakeholders, and ideating, researching, and deploying of new modeled products. In this role, you will be collaborating with not just members of the Analytic Products team, but various other teams across the organization to support the products.

The ideal candidate is highly inquisitive, organized and detail oriented, able to work independently and solution-minded.

Responsibilities

• Maintain high-performing products
• Take part in efficient production update cycles for accurate and timely product releases
• Utilize insurance ratemaking knowledge to properly contextualize Risk Analyzer models within the ISO rating plans and loss costs
• Help respond to questions from regulators and insurers on analytic product filings and circulars
• Use strong analytical skills to perform proof of concept tests on insurer portfolios and concisely communicate the results to demonstrate value of implementing Risk Analyzer
• Work with product management & other stakeholders to ensure timely and accurate delivery of products.
• Collaborate with the data management and modeling teams to develop useful models that you will then 'productize' into customer-ready rating products
• Developing actuarial knowledge and expertise.

Qualifications

This is a hybrid role, requiring a minimum of two days per week onsite at our Krakow office.

We support pursuing a Casualty Actuarial Society (CAS) / Chartered Property Casualty Underwriter (CPCU) credential.

About Us

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland. We value learning, caring and results and make inclusivity and diversity a top priority. In addition to our Great Place to Work Certification, we've been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World's Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We're 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and / or expression, sexual orientation, veteran's status, age or disability. Verisk's minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

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