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Senior ART & Parametrics Underwriter – leading global catastrophe modelling & parametric solutions at Generali GC&C.
Join a dynamic team in Milan focused on innovative risk transfer and data-driven insurance products.
For the Central Team of Generali Global Corporate & Commercial (GC&C), we are looking for a Senior ART & Parametrics Underwriter to join our Alternative Risk Transfer and Parametrics team. The person will report directly to the Global Head of GC&C ART & Parametrics.
In this role, the person will act as a Senior ART & Parametrics Underwriter, leading the analysis, validation, and structuring of ART & Parametrics solutions globally. The focus will be on translating complex climate and natural hazard risks into robust, data-driven parametric structures, ensuring technical excellence, pricing adequacy, and portfolio scalability.
The person will play a key role in advancing GC&C’s ART & Parametrics business, combining deep analytical expertise, modelling capabilities, and commercial acumen to deliver innovative solutions for corporate and public sector clients.
Main responsibilities:
Cat Modelling & Parametric Underwriting
Lead advanced catastrophe modelling analysis (e.g. Earthquake, windstorm, flood, wildfire) to support parametric underwriting decisions
Validate, challenge, and enhance hazard data, event sets, and pricing models, ensuring robustness and consistency
Translate model outputs into effective parametric trigger structures (index selection, thresholds, payout curves)
Assess basis risk, exposure aggregation, and model limitations to ensure sound underwriting decisions
Drive continuous improvement in modelling approaches, data sources, and analytical frameworks
Parametric Solution Structuring
Design and structure bespoke parametric solutions tailored to client exposures and resilience objectives
Ensure strong alignment between risk analysis, pricing, and product design
Integrate parametric solutions within broader ART and capital solutions structures where relevant
Maintain underwriting discipline, ensuring profitability and adherence to Generali risk appetite
Client & Broker Engagement
Support origination and business development by positioning parametric solutions in strategic dialogues
Lead technical discussions, workshops, and presentations with clients and partners
Product Development & Innovation
Contribute to the development of new parametric products, perils, and geographies
Drive innovation in data usage, modelling techniques, and trigger design
Collaborate closely with data scientists, actuaries, and IT on analytics, automation, and platform development
Support the positioning of ART & Parametrics insurance within GC&C
ART & Capital Solutions
Collaborate on solutions combining parametric triggers and alternative capital
Monitor ILS market developments to enhance structuring capabilities
Project Leadership & Execution
Lead complex projects from analysis and structuring to execution
Coordinate cross-functional stakeholders (underwriting, actuarial, legal, claims, IT)
Mentor junior team members and contribute to team capability building
Drive continuous improvement in underwriting tools and processes
Qualifications & Experience:
Degree in a quantitative discipline (e.g. statistics, data science, engineering, physics, environmental science)
7 –10 years of experience in catastrophe modelling and nat cat risk analytics
Ability to translate technical outputs into commercial solutions
Experience working in international and cross-functional environments
Fluency in English; additional languages are a plus (e.g. Italian)
Availability to travel internationally
Technical Expertise:
Solid expertise in catastrophe modelling required
Hazard modelling
Event set analysis and loss modelling
Exposure and accumulation analysis
Experience with cat modelling tools and/or custom modelling frameworks
Quantitative skills (statistics, data analysis, risk modelling)
Programming skills (e.g. Python, R)
Business & Leadership Skills:
Good communication skills, with ability to engage at senior client level
Experience in project leadership in international and cross-functional environments
High ownership, initiative, and ability to operate in a fast-paced, innovative environment
What we offer:
The position will be offered at Job Level 7, under the terms of the ANIA National Collective Labor Agreement ( CCNL ANIA ) for non-executive employees and the Generali Group Company Collective Agreement.
The starting gross annual salary will range between €65,000 and €75,000. The final compensation package will be determined in line with the candidate’s professional experience and the technical and soft skills relevant to the role, and may also include an individual variable compensation component.
We also offer:
Smart working and flexible working hours
Corporate welfare program
Meal vouchers
Supplemental health coverage and insurance products at preferential rates
Wellbeing initiatives
Structured continuous learning, technical and managerial development programs
Professional development opportunities within the Group
Access to learning platforms and internal mobility opportunities, including international assignments.