Also called: Parametric Risk Analyst, Index Insurance Analyst
Designs insurance that pays out automatically when a measured trigger is hit, like wind over 120 mph or too little rain, with no claims adjuster needed.
You pull 40 years of rainfall records for Kansas farms, decide what drought trigger is fair, and price the policy. When a hurricane hits, you check the official wind readings, and the money goes out in days instead of months. Clients range from ski resorts worried about warm winters to island nations bracing for storms.
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 math, statistics, economics or atmospheric science; often actuarial exams.
Ways in: 4-year college, Certification. Training cost: $15k – $60k.
Majors to look at: Actuarial Science, Statistics, Mathematics, Risk Management & Insurance, Atmospheric Science.
Growing faster than average. New and growing as weather risks rise; still a small field.
Medium risk for 10 years. AI speeds data crunching and pricing; designing fair triggers and negotiating deals with clients stay human.
Classes: AP Statistics, AP Calculus, Earth science, Economics.
Official data: O*NET occupation 13-2099.
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.