Arranges insurance for insurance companies, spreading the risk of disasters like hurricanes across global markets.
You model how much a Florida insurer could lose in a Category 5 hurricane, then negotiate coverage with reinsurers in London, Bermuda and Zurich before the June 1 deadline.
Large brokers (Aon, Guy Carpenter, Gallagher Re) pay big bonuses in good years.
Approximate: anchored on Bureau of Labor Statistics data for a broader job group.
Bachelor's degree (4-year), about 4 years after high school. Bachelor's in finance, math or risk management.
Ways in: 4-year college, Certification. Training cost: $15k – $60k.
Majors to look at: Risk Management & Insurance, Finance, Mathematics.
Growing about average. Climate risk is growing the business.
Low risk in 5 years, medium in 10. Cat models and AI price risk faster, but negotiating huge disaster deals with global markets runs on relationships.
Classes: AP Statistics, AP Macroeconomics, Speech and Debate.
Official data: O*NET occupation 41-3021.
Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.