Foundation Risk Partners

Head of CAT Modeling - MSI

United States

Foundation Risk Partners Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, ReinsuranceIndustries

Requirements

Candidates should possess a Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Risk Management, or a related field, and preferably hold an advanced degree or an actuarial designation. They must have a minimum of 10 years of experience in catastrophe modeling or a related area, along with proficiency in industry-standard cat modeling software such as AIR and RMS.

Responsibilities

As Head of Cat Modeling, the individual will oversee the development, implementation, and maintenance of the company’s catastrophe modeling strategies and tools, lead the Catastrophe Modeling team, collaborate with actuarial, predictive modeling, and other stakeholders to integrate catastrophe modeling into business processes, foster relationships with insurance carriers and reinsurance brokers, and provide strategic insights and recommendations to senior management based on catastrophe modeling results.

Skills

Catastrophe Modeling
Risk Analysis
Mathematics
Statistics
Actuarial Science
Risk Management
AIR
RMS
Analytical Skills
Leadership
Team Management
Stakeholder Collaboration

Foundation Risk Partners

Insurance brokerage and consulting services

About Foundation Risk Partners

Foundation Risk Partners operates as an insurance brokerage and consulting firm, focusing on providing tailored insurance solutions and expert advice to clients across the United States. The company grows by acquiring other firms and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Their approach combines expertise in various sectors with a commitment to cultural alignment and shared values. Unlike many competitors, Foundation Risk Partners emphasizes a collaborative relationship with clients, aiming to achieve exceptional outcomes and drive success for their partners.

Key Metrics

Daytona Beach, FloridaHeadquarters
2017Year Founded
$2MTotal Funding
DEBTCompany Stage
Consulting, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays
Paid Vacation

Risks

Over-reliance on AI could cause disruptions if technical issues arise.
Expansion into new regions may pose compliance and operational challenges.
Leadership changes might lead to strategic shifts affecting company stability.

Differentiation

Foundation Risk Partners leverages AI to enhance risk analysis accuracy and speed.
The company focuses on a strategic mix of industry expertise and cultural fit.
Foundation Risk Partners is rapidly expanding through acquisitions and organic growth.

Upsides

AI solutions have decreased cycle times by up to 90% for certain activities.
Prospect conversion rates have increased by up to 50% due to AI adoption.
Expansion into Baldwin, New York, offers new market opportunities.

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