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Authority.inc

Parametric Insurance Advisor

Posted 3 days ago
5-10 years experience
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AI Summary

The advisor will provide practical guidance on parametric insurance product development, including trigger design, pricing, and risk evaluation. They will also advise on regulatory compliance, distribution strategies, and customer suitability for various commercial risks.

Authority is developing insurance-focused products, intelligence and advisory offerings for businesses. We are looking for a professional who is currently active in the United States and has direct parametric insurance experience to advise us as we develop and evaluate these offerings.

You will provide practical guidance on suitable risks, trigger design, data sources, pricing, basis risk, capacity, distribution and customer adoption.

What you will advise us on

  • Commercial use cases for parametric insurance
  • Trigger and payout structure design
  • Data quality, independence and verification
  • Basis risk and customer suitability
  • Underwriting and pricing considerations
  • Capacity, reinsurance and risk transfer
  • Policy wording, regulation and customer communication
  • Distribution through brokers, MGAs, carriers and technology platforms
  • Parametric products covering operational, supply-chain, cyber, energy or other measurable commercial risks

Requirements

  • At least 5 years of relevant insurance experience
  • Currently operating in or closely involved with the the United States insurance market
  • Up-to-date knowledge of local customers, regulation and market conditions
  • Firsthand experience with insurance product, underwriting, claims, brokerage or distribution decisions
  • A valid LinkedIn profile showing relevant professional experience

Engagement details

  • Independent consulting contract
  • Remote within the United States
  • Approximately 2 to 4 paid consulting hours per month
  • Flexible scheduling

This is not a full-time position or a sales role. Advisors provide independent industry guidance and do not bind coverage or provide regulated advice on Authority's behalf.

About Authority

Authority develops industry intelligence, data products and advisory offerings designed to help organizations make better strategic decisions.

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